Miller Magazine Issue: 141 September 2021

101 MARKET ANALYSIS MILLER / september 2021 21/22 season is all-about-wheat year. The main importing countries of the Black Sea grain resumed purchases. The drought in the Middle East and Central Asia will pro- voke an increase in imports from Turkey, Iran, Syria, Uzbekistan, Pakistan and oth- er buyers. The exchange market took into account all the negative news and further growth looks unlikely. If you as an importer expecting for a low price – don’t waste your time: even FOB market lost 10-15-20 USD freight levels still at least higher than before pandemic. The number of vessels waiting in the US Gulf of Mexico roadstead has reached its high- est level since the start of the pandemic, exacerbating delays for companies during one of the busiest periods of the year for freight traffic. A record 46 container vessels are stuck waiting to enter California's two largest ports as labor shortages and dis- ruptions from COVID-19 continue to shatter a supply chain that has been pushed to its limits ahead of a busy holiday shopping season. Global shippingdisruptions and river droughts in SouthAmerica threaten to restrict meat exports from the two major beef-produc- ing countries as rising food prices fuel inflation around the world. Meat processors in landlocked Paraguay are likely to slaughter 20-25% fewer cattle this month due to a lack of shipping contain- ers, high transport costs and unstable transport times. Vessels repairs and general drydocking operations have be- Year of the wheat Elena Faige Neroba Business Development Manager Maxigrain