High grain stocks and lower poultry feed demand are expected to reduce Egypt’s corn import needs through mid-2026, even as the country continues efforts to strengthen food security.
The financing will support a major increase in fertiliser production in Nigeria and fund a new manufacturing plant in Ethiopia as Africa seeks to strengthen food production and cut reliance on imports.
New budget measures aim to support local oilseed farmers and processors while cutting the country’s edible oil import bill.
The agreement aims to strengthen Syria’s agricultural processing sector and support food security through large-scale soybean and sunflower seed processing.
Rising fertilizer exports are helping Morocco manage higher energy costs and weaker global economic growth, according to the World Bank.