Agriculture, Energy and Metal Information
Iraq is experiencing a significant wheat surplus, with a bumper harvest leading to an estimated net loss of nearly $458 million for the government, which traditionally imports large quantities of wheat. Key points include: The country has a surplus of 1.5 million metric tons of wheat, attributed to favorable rains and government subsidies aimed at […]
Severe weather conditions are significantly reducing wheat output in major exporting countries, leading to a decline in inventories projected to reach nine-year lows and causing a sharp increase in prices. Key points include: Dry conditions in leading suppliers such as Russia and Argentina have adversely affected food production, with Russian attacks on grain ships in […]
Egypt’s Prime Minister Mostafa Madbouly stated that the country has enough wheat reserves to last for more than 5.5 months. This announcement comes amid rising regional tensions, prompting the government to take precautionary measures. Key points include: Egypt is known as one of the world’s largest wheat importers and is currently looking to secure more […]
Algeria has barred French companies from participating in a recent wheat import tender, requiring that no French-origin wheat be offered. This decision reflects escalating diplomatic tensions between Algiers and Paris, particularly following France’s support for Moroccan sovereignty over Western Sahara, a region Algeria backs for independence. Key details include: Algeria is one of the world’s […]
As of now, Russia has harvested approximately 85 million metric tons of wheat and 120 million tons of grain from 90% of the seeded area, according to Agriculture Minister Oksana Lut. The official forecast for this year’s total grain harvest stands at 132 million tons, reflecting an 11% decrease from 148 million tons in 2023 […]
The proposed delay in the European Union’s anti-deforestation law (EUDR) is causing significant losses for companies that have already invested in compliance. Industry groups and traders warn that a 12-month postponement would undermine efforts made by businesses to source agricultural products responsibly. Key points include: The EUDR aims to ban imports of commodities like cocoa, […]
Egypt is strategizing to reduce its wheat imports and lower expenditures on subsidized bread by incorporating corn or sorghum into the bread-making process. Sources indicate that these measures could save the government millions of dollars, but they face pushback from bakers and millers concerned about potential financial losses and declines in bread quality. Key points […]
The United Nations’ world food price index saw a significant increase in September, marking its largest gain in 18 months, primarily due to soaring sugar prices. The index rose to 124.4 points from 120.7 in August, reflecting a 2.1% increase year-on-year. Key highlights include: The sugar index surged by 10.4% month-on-month, influenced by poor crop […]
Egypt is implementing strategies to reduce wheat imports and lower government spending on subsidized bread by adding corn or sorghum to the flour mix, according to industry sources. This initiative aims to save millions of dollars but faces backlash from bakers and millers concerned about potential declines in bread quality. The government has been struggling […]
The United Nations’ Food and Agriculture Organization (FAO) reported a notable increase in the world food price index for September, marking its largest gain in 18 months, primarily due to soaring sugar prices. The index rose to 124.4 points from 120.7 in August, reflecting a 2.1% increase year-on-year and reaching its highest level since July […]