August 2023
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Egypt inaugurates US$48.52M strategic food warehouse project
EGYPT – Minister of Supply and Internal Trade Ali El-Moselhy has inaugurated a new phase of the national project to build strategic warehouses for food…
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Lamentable wheat harvest in Canada to push pasta prices up
CANADA- According to a recent report released by Statistics Canada, all-wheat production stands at 29.5 million metric tons, down 14 percent from last year, which…
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Soybean powerhouse Argentina eases currency policy to alleviate soybean scarcity
ARGENTINA- The world’s largest producer of soybeans, Argentina, is allowing grain exporters to keep 25% of the foreign currency they generate in September to import…
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AFEX inks MoU with Ghana Commodities Exchange for collaborative commodities trading
NIGERIA- AFEX, Nigeria’s leading commodities player, recently signed a Memorandum of Understanding with Ghana Commodities Exchange (GCX), to strengthen the commodity trading ecosystem between the…
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FMN suffers operation profit loss of US$12m despite impressive revenue
NIGERIA – Flour Mills of Nigeria PLC has recorded a sluggish operating profit due to a foreign exchange loss of N22.5 billion (US$29M) in the…