The Turkish lira has reached a record low against the U.S. dollar after falling 22 percent so far in 2015, and that is pushing up prices for imported grains and proteins. Higher food costs are in turn having an impact on the country's overall consumer price index.
Regional Updates MEDITERRANEAN/MIDDLE EAST COMMENTS Egypt's agriculture minister resigned this past Sunday at the request of the president. No reason was given, but the local press is guessing that it was due to either the local wheat program not working as well as planned because of the large volumes of imported wheat passing as local or the recent on-again-off-again ban on cotton imports.According to a recent report from USDA's Global Agriculture Information Network...