Commodity & Trade Updates
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Soybean market tightness to continue as supply concerns persist
GLOBAL- Soybean futures reached new highs after Bunge raised concerns about dwindling supplies in Argentina, according to CRM Agri’s oilseeds market outlook reports. The upward trend…
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Cargill completes soybean processing plant expansion in Ohio
USA– Cargill, a global leader in food and agriculture, recently announced the successful completion of its expansion and modernization project at the integrated soybean crush…
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Argentine wheat crop forecast slashed due to persistent drought
ARGENTINA – Argentina’s wheat production outlook for the 2023-24 marketing year has improved as the US Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) revised…
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BII invests US$26.5M in AFEX to enhance food security in Africa
NIGERIA– British International Investment (BII), the United Kingdom’s development finance institution (DFI) and impact investor, has announced a significant commitment of US$26.5 million to AFEX,…
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Egyptian port allows US$60M worth of supplies to bolster feed manufacturing in the country
EGYPT – Elsayed Elkosayer, the Minister of Agriculture and Land Reclamation has revealed that the country’s port has so far released animal feed supplies amounting…