The Nigerian market continues to shape grain prices and food flows across West Africa as experts urge countries to build stronger local rice industries.
The court has directed government agencies to release records linked to the duty free importation of 490,000 tonnes of rice within seven days.
The equipment is destined for a cereal storage facility in Bandari, Tanzania, and SACE, the export credit agency owned by Italy’s finance ministry, insured the transaction through a tool it calls Supplier Credit.
Central African countries continue to spend hundreds of millions of dollars on imported rice as regional leaders step up plans to increase local production.
Strong demand from Asian markets is helping South Africa manage its large maize harvest while supporting market stability.