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Posts Tagged ‘UAE

Saudi Arabia, Bahrain and USA – and Iran

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An image grab taken from Bahrain TV shows 'vanguard' of a contingent of Gulf troops arriving in the unrest-wracked Kingdom of Bahrain across a causeway from Saudi Arabia, March 14, 2011: Photo: VOA/AP

[Update: 16:15:00 UTC-GMT] The Voice of America has reported that Bahrain’s king has declared a three month state of emergency in response to weeks of anti-government protests by majority Shi’ites against the Gulf state’s Sunni rulers.

Thousands of protesters marched to the Saudi embassy on Tuesday, Reuters has reported, protesting against the arrival of Saudi troops to help restore calm in the Sunni-ruled kingdom after weeks of protests by the Shi’ite majority.

Carrying Bahraini flags, some 5,000 people marched from Pearl roundabout, the focal point of protests, to the embassy in an upscale area of the capital where streets were otherwise deserted.

Armed vigilantes roamed Manama’s streets and blocked Bahraini villages Tuesday as Iran condemned a military intervention by Gulf troops to help subdue unrest in the Shiite-majority, Sunni-ruled kingdom. According to Zawya, the financial district of Manama was deserted, shops and malls were shuttered and Sunni and Shiite vigilantes armed with metal pipes and clubs were seen in the streets of the capital after hundreds of Saudi-led armoured troops rolled into Bahrain from Saudi Arabia.

Television footage showed Saudi troops entering Bahrain in armoured vehicles. Photo: Al Jazeera/Reuters

Witnesses said vigilante groups also blocked access to a number of villages across the kingdom. Women have been told to leave central Manama and activists were distributing surgical masks and eye protectors to defend against tear gas. There were rumours of a march against the Saudi embassy near the financial district later Tuesday. The troops arrived in Bahrain on Monday to help the Manama government deal with pro-democracy protests which have shaken the strategic Gulf kingdom for the past month. Saudi Arabia’s staunchly Sunni government said it had responded to a call for help from its neighbour under a mutual defence pact of the six-country Gulf Cooperation Council (GCC).

Hundreds of Saudi troops have entered Bahrain to help protect government facilities there amid escalating protests against the government, Al Jazeera has reported. Bahrain television on Monday broadcast images of troops in armoured cars entering the Gulf state via the 26km causeway that connects the kingdom to Saudi Arabia. The arrival of the troops follows a request to members of the Gulf Co-Operation Council (GCC) from Bahrain, whose Sunni rulers have faced weeks of protests and growing pressure from a majority Shia population to institute political reforms.

The Causeway linking Bahrain with Saudi Arabia

The United Arab Emirates has also sent about 500 police to Bahrain, according to Abdullah bin Zayed Al-Nahyan, the Emirati foreign minister. Iran, meanwhile, has warned against “foreign interferences”. “The peaceful demonstrations in Bahrain are among the domestic issues of this country, and creating an atmosphere of fear and using other countries’ military forces to oppress these demands is not the solution,” Hossein Amir Abdollahian, an official from the Iranian foriegn ministry, was reported by Iran’s semi-official Fars news agency as saying.

Debka has reported that the Saudi force that went into Bahrain Monday, March 14, along with UAE and Kuwaiti units, to stabilize the royal regime is larger than reported, consisting of a National Guard brigade, a mechanized brigade of the Saudi army and a tank battalion – altogether 3,500 men. Until recently close American allies, the two Gulf rulers flouted President Obama’s policy of supporting popular uprisings, encouraged by Qaddafi gaining the upper hand against Libya’s rebels and Washington’s constraints against military intervention.

What led the Saudi-led GCC army units to jump unhesitatingly into Bahrain while the US and Europe dithered over Libya? Tehran won’t take this lying down, said Debka Weekly, which (to subscribers only) outlines the potential military showdown between Iran and Saudi Arabia, explores US-Israeli intelligence blindness on Egypt, and reveals how the Libyan conflict is enriching both sides – Muammar Qaddafi and his opponents – as well as global arms traffickers.

Written by makanaka

March 15, 2011 at 16:45

Grain markets and trade for the last third of 2010

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Earth_Observatory-La_Nina

Continuing a trend that began earlier in the year, La Niña conditions strengthened through the summer of 2010, evidenced by a streak of cool water across the equatorial Pacific Ocean. This map reveals a broad swath of cool water stretching from South America to New Guinea. The ocean is not, however, uniformly cool. Pockets of warm water are mixed with the cool, particularly in the western Pacific. Warmer waters in this region can lead to increased rainfall, and La Niña conditions may have played a role in the devastating floods in Pakistan during the Northern Hemisphere summer of 2010. Over the eastern Pacific Ocean, cooler waters lead to less moisture along the coasts of North and South America. So as more rain pounds some parts of the globe, La Niña conditions can deepen drought in others. NASA Earth Observatory

The International Grains Council released its monthly Grain Market Report on 2010 September 23. In this report the IGC said that global grain prices advanced again in September, those for wheat having returned to the peaks reached in early August. While the initial trigger for the steep upturn in wheat and barley values in recent months was the fast deteriorating outlook for these crops in the Black Sea region, much of the more recent bullishness is attributed to concerns about smaller than anticipated US maize (corn) yields, as well as substantial new grain buying activity by importers.

The market commentary of the report said: “Another feature is the difficult harvest weather in some countries, affecting milling wheat and malting barley quality. US soyabean prices partly mirrored the upturn in maize, but were also supported by concerns about South American crop prospects and continued heavy buying by China. Asian rice prices moved higher, largely because of the impact of the flood emergency in Pakistan. The recent surge in world grain prices, while not on the same scale as in 2007-08, again prompted concerns about its impact on global food prices as well as the increased volatility in the major commodity exchanges. One measure of such volatility is the day-to-day change in futures values which, even allowing for the events of three years ago, is significantly greater than earlier in the decade. Given the generally adequate supply situation for wheat and other grains, despite recent crop concerns, many have expressed surprise at the ferocity of recent market responses.”

Grains outlook for 2010-11 – This year’s sharply reduced crops in the CIS and Europe will contribute to a fall of 1.2% in global grain supplies, reversing three successive years of stock building. World production in 2010-11 is forecast at 1,741m. tons, (1,787m.), 4m. below the previous month’s projection. This follows downward revisions, for maize in the US and wheat in the CIS region, more than offsetting improved prospects in Australia. Significant reductions in wheat and barley output will outweigh another rise in maize, although prospects for the latter crop are downgraded slightly. The difficult growing and harvesting conditions in parts of North America, Europe and the CIS have affected supplies of high-quality milling wheat and malting barley.

Grain consumption in 2010-11 is projected to increase by 0.6%, to 1,780m. tons, but this represents a marked slowing compared with previous years as the overall rate of expansion in industrial use, especially for ethanol in the US, is scaled back. In the animal feed sector, maize use is expected to be boosted, while that of wheat will likely hold steady, but this will be more than offset by reductions in barley and other grains. With global grains consumption expected to exceed output after three surplus years, global carryover stocks in 2010-11 are projected to fall by 39m. tons, to 353m., mostly because of declines in the world’s exporters, notably Russia and the US. However, the total carryover will remain significantly above the lows seen earlier in the past decade.

International Grains Council Grain Market Report 2010 September 23

International Grains Council wheat and maize export prices

Global trade in grains is expected to fall in 2010-11, mainly because of reduced wheat shipments. At 237m. tons (239m.), the total is 5m. above the August forecast, following upward revisions for the EU, Russia and sub-Saharan Africa. Export forecasts for several countries, including Australia, Canada and the US, have been lifted, with total availabilities still seen as ample in a year which will see a huge shift in trade away from the drought-afflicted Black Sea region. In all, wheat and coarse grains shipments from Kazakhstan, Russia and Ukraine will fall by 27m. tons compared with 2009-10, with around half of this shortfall likely to be sourced in the United States.

The US Department of Agriculture’s ‘Grain: World Markets and Trade’ September 2010 report is also out. It noted wheat trade changes in 2010-11 in this way:

Selected Exporters: Australia is down 500,000 tons to 15.5 million based on logistical constraints. Canada is boosted 2.0 million tons to 17.5 million due to larger exportable supplies. EU is lowered 3.0 million tons to 21.0 million on reduced exportable supplies and quality concerns, particularly for German wheat. Iran is raised 450,000 tons to 500,000 due to greater exportable supplies and opportunities opened by reduced supplies in Russia. Kazakhstan is up 500,000 tons to 6.5 million on higher Russian import demand. Russia is raised 500,000 tons to 3.5 million based on exports shipped before the ban. United States is boosted 1.0 million tons to 34.0 million on strong demand, particularly for higher quality wheat.

International Grains Council Grain Market Report 2010 September 23

International Grains Council rice and soyabean export prices

Selected Importers: Nigeria is up 400,000 tons to 4.0 million due to expected consumption growth. Russia is raised 1.4 million tons to 2.0 million due to increased demand for milling wheat caused by drought-reduced production.

The USDA report recorded trade changes in 2009-10 as “large late-season adjustments reflect reported shipments”. These are – Selected Exporters: Canada is up 500,000 tons to 19.0 million. The United Arab Emirates is raised 450,000 tons to 950,000. Selected Importers: Indonesia is down 450,000 tons to 5.4 million. Iran is up 600,000 tons to 3.6 million. Turkey is lowered 300,000 tons to 3.2 million.

Rice world markets and trade – Despite weather problems in China and Pakistan, global crop prospects remain excellent said the USDA report. Record world production is expected to not only meet rising demand but also maintain global stocks at the highest level since 2004.

International Grains Council Grain Market Report 2010 September 23

International Grains Council world grain estimates

Prices – though quotes from all origins are up somewhat from last month, Vietnam’s increase is the most dramatic. With 2010 contracts already at a record 6.2 million tons, Vietnam raised the minimum export price of 5% broken to $450 per ton FOB, essentially halting new sales and, for the first time, pushing above higher-quality U.S. #2/4 quotes ($445 per ton FOB). Vietnamese quotes are now only $30 below Thai 100B quotes, a stark departure from the $120 spread just 2 months ago. As sales stall in Vietnam, Thai sales are expected to increase as the government finally releases intervention stocks. U.S. long-grain sales are also expected to pick up on newfound competitiveness and a record crop. By contrast, the medium-grain trade is somewhat on hold as the California crop has yet to be harvested. In addition, many tenders in major markets have yet to be announced.

The USDA report forecast trade changes for 2011. These are – Pakistan’s exports are slashed 750,000 tons to 2.9 million as floods have reduced the crop and damaged infrastructure. Afghanistan’s imports are reduced 100,000 tons to 200,000, as Pakistan is by far the largest supplier due to proximity and relative prices. Iran’s imports are cut 300,000 tons to 1.2 million on the expectation that imports from Pakistan will fall. Thailand’s exports are down 500,000 tons to 9.0 million because the government stock release is happening much later in the year than originally anticipated. Vietnam’s exports are raised 450,000 tons to a record 6.2 million on contracts to date. By contrast, imports are dropped 100,000 tons to 400,000 on a slowdown of border trade with Cambodia. Indonesia’s imports are doubled to 500,000 tons as relatively high domestic prices have caused a surge in trade with neighboring countries. Iran’s imports are dropped 150,000 tons to 1.2 million on the pace of shipments. Nigeria’s imports are lowered 100,000 tons to 1.7 million on slower-than-expected imports from Thailand.