Tidbits, Q&A: Cost of Storage, Israel & Indonesia, Brazilian Exports, Broilers & Ethanol 2/26/26
- Wright team
- Feb 26
- 6 min read
Tidbits
Israel plans to make further trade concessions to the U.S. on food and agricultural goods. The Israeli government intends to scrap a tax-free quota and raise levies to 50% on wheat-feed imported from countries other than the U.S. starting in April, as Bloomberg reports.
Officials hope that boosting the competitiveness of U.S. wheat against Israel’s traditional suppliers — the largest of them being Russia — will help clinch a deal to ease tariffs on goods shipped to the U.S. These have remained in place even after Netanyahu, who enjoys a close relationship with Trump, said all duties on U.S. products would be removed.
Farmers say that imposing high levies on animal-grade wheat from non-U.S. suppliers will further increase already-high food prices in Israel, even if U.S. imports are excluded under the revised free trade agreement. The price of chicken will surge by 50-70%.
The Russian wheat export price was unchanged from a week earlier. Weather problems that have affected the new harvest in France and the U.S. may provide further support for prices, IKAR said. Its estimate for February Russian wheat exports is 3.3 million mts.
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