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Commodity & Trade Updates
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Oman grain hub and new shipping route could strengthen BRICS agricultural trade with Africa
New logistics links between Russia, Oman, and Africa could shorten delivery times and support grain trade across the continent, according to Russian economist Vitaly Melyantsev.
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West Africa must build a competitive rice value chain to cut import dependence, says World Bank
The World Bank says West Africa can achieve rice self-sufficiency, but only if countries strengthen the entire value chain and make local rice competitive with imports.
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Egypt wheat procurement reaches 4.3M tonnes as harvest nears target
Higher deliveries and expanded planting push Egypt closer to its goal of securing 5 million tonnes of local wheat this season.
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Zimbabwe treasury stands by grain import levy as millers’ court challenge continues
Fresh Treasury correspondence shows Zimbabwe will maintain grain import levies despite an ongoing legal challenge from millers.
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ECOWAS seeks US$24B to drive West Africa’s rice self-sufficiency plan
Regional leaders and investors meet in Accra as ECOWAS pushes for funding to raise rice production and cut the region’s US$3.5 billion import bill.