Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Egypt reports that current wheat reserves will cover consumption for 5.3 months. Egypt’s Alexandria port experienced severe weather this week which resulted in container losses overboard on at least one vessel and a number of damaged containers on other vessels.
India’s imports of GM soymeal will not be extended beyond a bill of lading date of 31 January 2022 and the quantity allowed for import will not be increased beyond the authorized 1.2 MMT. India’s poultry industry had been lobbying for an extension to 31 March. Trade experts have said that it is likely that India will not need to import the full 1.2 MMT. The Turkish Lira has reached a record low le...
What You Need to Know Today: The June jobs report showed nonfarm payrolls increased by 57k jobs, less than the 115k jobs expected by economists surveyed by Dow Jones. The labor force participation rate dropped by 0.3 percent to 61.5 percent, the lowest since March 2021, and the lowest in 50 ye...
As Cuba's economic crisis has deepened, discussions about the country's eventual economic and political transition have reemerged. One question that inevitably follows is what opportunities might emerge for U.S. agricultural exports. So, here’s a brief review of those opportunities, but n...
Key Takeaways Traffic through the Strait of Hormuz is increasing steadily, despite a precarious political situation. The increased flow of vessels through the SOH is pressuring tanker rates, though total volumes remain well below pre-war levels. The big issue in the Strait of Hormu...
