Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA 4 August is the one-year anniversary of the fertilizer explosion in Beirut port that killed 217 people and injured at least 7,000 – the port was destroyed along with the grain silos. One year on, critics say not much has improved in the port.
Moroccan officials say the government subsidy programs will be reformed and that general subsidies on wheat and wheat flour will be fully removed by 2023. However, eligible families will still be supported with “special payment plans” for hardship situations. Morocco cereal crops as reported by the FAO will increase from 3.4 MMT in 2020 to 10 MMT in 2021. Wheat production will be up by 4.6 MMT to 7.2 MMT with barley u...
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...
