According to the GAIN report, a second tender for 327,273 tonnes of U.S. durum wheat was unsuccessful.
In October, under the auspices of the U.S.-Morocco Free Trade Agreement, ONICL reopened its market for U.S. wheat. To facilitate trade, the government of Morocco lowered the most favored nation (MFN) import duty for common wheat, effective Dec. 1, to 30% from 135% previously, which translated into a reduction of the preferential U.S. in-quota duty to 9.9% from 83.7%, according to the USDA.
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KANSAS CITY, MISSOURI, US — It was a bumpy ride for the global grain industry in 2024.
An already unstable geopolitical situation worsened with military conflicts expanding in Ukraine and the Middle East. Transporting grain efficiently was a challenge, in part because of those wars. And several of the world’s largest agribusiness companies saw profits tumble in a suboptimal economic climate for global agriculture.
The establishment in both Europe and the United States saw a conservative backlash against their liberal policies, leading to political unrest in countries such as France and the return of Donald Trump to the US presidency after a four-year absence. The result will likely be a continued trend toward protectionist policies that will impact the global grain trade in the coming years as well a reduced emphasis on “green” environmental policies that had become prevalent during the past four years.
The following are World Grain’s top 10 stories for 2024.
KANSAS CITY, MISSOURI, US — These are the 12 nations at which World Grain took an in-depth look through its monthly Country Focus series in 2024. Revisit the locations and the perspective they provide on global grain, flour and feed issues: