Out of bounds

Out of bounds



Cairo is
expected to continue the scarcity of US wheat exports to Egypt ,
traders said, the first deal concluded by the Egyptian government to buy US wheat in more than two years was an exceptional, until increasing the availability of offers from favorite sources of the Black Sea region.
The Egyptian General Authority for Supply Commodities, signed an agreement on Wednesday to buy US wheat is the first since February 2015. The deal exceeded the total volume of wheat shipments negotiated by the private sector over the entire crop year 2016-2017. But it is not up to one percent of imports expected to the largest buyer of wheat in the world 2017-2018.
Egypt has bought 115 thousand tons of US wheat crop 2017-2018 at a price between 207.25 and $ 207.90 including shipping in the latest deal a ton. And Commodities Authority also bought 180 thousand tons of wheat evenly distributed between the Ukrainian, Russian and Romanian supplies.
The trader said that in Cairo, the American wheat will be able to compete in the bidding Egyptian goods currently due to the decline in freight rates and prices FOB (FOB) US under the abundant supply of wheat hard red winter.
" The Russian wheat price is a bit expensive and the United States have large stocks."
It is expected to increase the total wheat shipments destined to Egypt to 12 million tons in the crop year 2017-2018 , up 500 thousand tons, year marketing 2016-2017 ending on 31 May. The US shipments, all of which are the result of special deals not include the Egyptian government, amounted to 60 thousand and 269 tons of the total 2016-2017, according to data from the US Department of Agriculture.



Riyadh ,
Saudi Aramco will sign deals for fifty billion dollars with US companies ,
said Amin Nasser , chief executive of national oil company giant Saudi Aramco, on Saturday, said that the company expects deals worth signing of $ 50 billion with US firms on Saturday, as part of an effort to diversify based on exports of the Kingdom 's economy resources oil.
Nasser was speaking at a conference attended by dozens of executives of American companies and Saudi Arabia in conjunction with US President Donald Trump 's visit to Riyadh.
He explained that the scheduled signing of 16 agreements with 11 companies , including memoranda of understanding for joint projects. Officials had said earlier, many of the agreements is to develop plans declared by.
Nasser said : "We expect that the agreements signed today give a boost to bilateral trade between the two countries , " he said , adding that Aramco is currently spending $ 6.5 billion annually on goods and services from American suppliers.
Executives said, the agreements include a plan for a group Jacobsz Angenaring regarding a joint venture with Aramco project management in the Kingdom and a plan for the company McDermott International to transfer some of its facilities for the manufacture of ships from Dubai to a new complex for the construction of ships Schidh Aramco in Saudi Arabia.
Speaking SEO Saudi officials, such as the Minister of Finance and Director of the largest sovereign fund in the Kingdom of the ways they intend to attract funds and US technology capital. Officials said they are targeting the completion of the new rules of direct investment from foreign companies within 12 months. "
The Minister of Energy Khaled Al - Faleh conference" We want foreign companies to look to Saudi Arabia as a platform for export to other markets. "


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