Commodity & Trade Updates

The application seeks approval for importing, processing, and using the GM soybean in food and feed, though it does not cover cultivation in the UK.

By implementing futures trading, ZMX seeks to offer both farmers and off-takers, such as millers, a tool for better financial planning and risk management.

Prior to Russia’s invasion in February 2022, Nibulon exported nearly 4 million tonnes of grain annually.

The maize shortage is driving up costs, affecting both consumers and the livestock sector.

The price drop has been fueled by the influx of freshly harvested maize, with new stock entering the market at US$ 28.82 to US$ 34.58 per 50kg bag.