Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA/AFRICA – MEA REGION Pakistan’s wheat imports in 2024/25 could drop to almost nothing as a result of the very good harvest in 2024 – up by 3.2 MMT. Wheat production was well above the average at a record level of 31,400 MMT. In 2023/24, before the bumper harvest, Pakistan imported about 2.8 MMT of wheat. According to a recent FAO report, wheat prices in Pakistan have dropped by at least 35 perent from 2023 levels.
Egypt reports its Suez Canal income has dropped by $6 billion in eight months due to vessels rerouting away from regional attack risks and avoiding the Suez Canal route. Egypt’s government is considering changing food subsidy programs to a d...
What You Need to Know Today: Crude oil prices dropped sharply with traffic flowing through the Strait of Hormuz. There were reports that Iran was behind an attack on a cargo ship near the coast of Oman, which would be a violation of the memorandum of understanding between the U.S. and Iran. Pr...
On Wednesday, the White House submitted a national security supplemental spending request for $87.6 billion. The majority of the request includes funding for the conflict in the Middle East, but there are agricultural provisions as well. The supplemental funding package includes more than $11 b...
