MarketsFarm — At the OPEC+ meeting Sunday in Vienna, Saudi Arabia announced it will cut its oil production by one million barrels per day (BPD) come July. And while that […] Read more
Tag Archives saudi arabia
Extent of Saudi oil production cut unclear
Reported tensions within OPEC limit price gains
Saudi Arabia highly dependent on grain imports
Alfalfa more profitable for domestic growers
MarketsFarm — While Saudi Arabia is a giant among the oil-producing countries of the world, the desert kingdom does produce small amounts of grain. With a population that’s about one […] Read more
Tax, competition expected to prolong Russian wheat export season
Tax complicates forward sales for exporters
Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow […] Read more
Saudi Arabia completes first phase of flour mill privatization
Dubai/London | Reuters — Saudi Arabia said on Wednesday it had completed the first batch of its flour milling sector privatization, according to a statement by the state grain buyer […] Read more
USDA’s supply and demand report largely stands pat
MarketsFarm — Any changes in the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA) on Tuesday were few and far in between when it came […] Read more
Oil price war spells bad news for Canada, global market
MarketsFarm — Benchmark crude oil prices plummeted 30 per cent on Monday, after a price war erupted between Saudi Arabia and Russia. While that will mean lower prices at the […] Read more
Canada’s fuel prices to rise after attack in Saudi Arabia
MarketsFarm — Following an attack on two major oil facilities in Saudi Arabia, consumers can expect a small rise in fuel prices in the days to come. The attacks on […] Read more
U.S. grains: Soy, corn close higher
Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how […] Read more
Barley ‘price war’ seen sparked by China, Saudi demand drop
Paris | Reuters — A drop in demand from China and Saudi Arabia sent barley prices tumbling in recent weeks, despite low global supply, and price pressure may continue if […] Read more
Saudi human rights spat has repercussions for Ontario hay exports
Inquiries and visits from Saudi Arabia look to be drying up for Ontario hay growers
Other export opportunities exist for Ontario-grown forages, but the chair of the Ontario Hay and Forage Co-operative (OHFC) admits the trade-related fallout from the federal government’s recent spat with Saudi […] Read more
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