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Red Sea shipping remains unstable, with attacks on ships transiting this crucial maritime corridor surging recently. This has led to unpredictable shipping schedules, caused freight costs to almost triple, and transit times to more than double.
In early February, Ethiopia retendered for 400,000 metric tons of milling wheat after canceling an earlier-made contract because the supplier failed to provide the $10 million performance guarantee.
In December 2017, the U.S. Department of Agriculture (USDA) conducted its annual inspection of Ethiopian facilities that export an estimated $6.4 million of geraniums....