Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Regional buyers/importers of wheat continue to watch the Russia situation very closely. As can be seen by the Russia wheat export numbers further down in this report, Russia is a very significant wheat supplier to the Middle East and Africa. Russia has now decided to allocate the wheat export quota by exporting company with about 70 percent of the export quota going to the “top ten” companies, including GTCS, Aston, Solaris, Viterra, Cargill, OZK, Zerno-Trade, LDC, AST, and Artis-Agro. The recent FAO report on Iraq shows grain production up by 32 percent to almost 9 MMT: 6.2 MMT wheat, 1.8 MMT barley, and 300,000 MT maize. 2020/21 grain production is more than doub...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
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