Regional Updates MIDDLE EAST/MEDITERRANEAN COMMENTS Egypt is adjusting its ration card system, raising the value from $1.17/month to $2.78/month due to increases in local prices. It is also going to issue the cards by population segment to avoid some of the current problems with misusage. Most will be issued to those either on social security, suffering chronic diseases or having incomes less than $44/month (except for public sector employees who will be allowed to earn $83/month and still be eligible). With the bread subsidy scheme that covers about 80 million people, each recipient is permitted to receive five loaves of subsidized flat bread daily or opt to take the value as a subsidy on other commodities. As an illustration of the syst...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
We have described the long-term investment climate in crop and livestock production, using data primarily from the Bureau of Economic Analysis (BEA). The data provided background on the current investment climate and outlook for agricultural capital formation. Our conclusion was that investment...
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