Regional Updates MEDITERRANEAN/MIDDLE EAST/NORTH AFRICA Turkey has stopped the import tax on wheat (45 percent), barley (35 percent), and corn (25 percent) until 31 December due to the lower local production this year. The import tax of 19.3 percent on sorghum was also stopped. Turkey’s crops suffered very badly from a shortage of rainfall and very high temperatures - this has limited local supplies and led to rapidly increasing prices. Saudi Arabia’s poultry industry will continue to expand in 2022, based on the latest estimates by the USDA-FAS. Local production will reach 940,000 MT with chicken meat imports at 540,000 MT. Poultry and egg production is the main consumer of maize and soymeal imports. Exports of c...
WPI Grain Prices and Freight Rate App Note: you can also visit the app directly by clicking here. Supplemental Information The section below offers a concise view of the options available in the current version of the WPI FOB Price and Freight Rate app, along with a short “...
What You Need to Know Today: Iran says its definition of the Strait of Hormuz is now a “vast operation area” that stretches from Jask to Siri Island. The White House said President Trump did not sign a suspension of the TRQs on beef imports but is “finalizing potential...
If the media headlines and Trump critics are to be believed, President Trump is headed to Beijing this Thursday in a weakened position. China is in control, it has the upper hand, and expectations are very low. These are the same critics that argue against overly simplistic zero-sum analyses in...
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