Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Egypt’s government has decided to increase the price of subsidized “baladi” bread for the first time in 30 years. The price will increase by 400 percent from $0.001 per piece to $0.004 per piece. Egypt produces as much as 275 million pieces of flat bread per day. Even with this price increase the subsidized bread will still be priced at a fraction of production cost.
Egypt expects to see $30 billion in foreign investment in 2024/25, according to new budget figures. Inflation is also seen in the range of 19-25 percent for 2024/25. An Egyptian company reportedly submitted a feasibility study to Russian officials on a grain hub in Egypt. P...
What You Need to Know Today: CBOT markets pared Monday’s sharp losses as traders booked short profits and adjusted positions ahead of the Grain Stocks report that USDA will release Wednesday afternoon. The 7-day QPF forecast from NOAA now shows heavy rain across the central and western C...
Key Takeaways: Comparative advantage encourages countries to specialize in goods they can produce at a lower opportunity cost and rely on trade for others. Differences in climate, land, infrastructure, and technology help determine where agricultural commodities can be produced most efficientl...
Mediterranean/Middle East/North Africa/Africa – MEA Region Iran is reported to have completed its rail link from the border with Afghanistan to the Iranian port of Chabahar on the Gulf of Oman — the link is expected to be fully operational in early 2027. This will be Afghanistan&rsq...
