Commodity & Trade Updates
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India is considering slashing floor price for basmati rice
INDIA – The government of India is likely to bring down the floor price, or minimum export price (MEP) for basmati rice, to US$950 per…
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U.S. soybean meal exports to reach record high
USA- U.S. soybean meal exports have surged to record levels, with an estimated 13.2 million tons in the marketing year 2022/23 (October to September), boasting…
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ARS discovers potential biocontrol agents for tar spot fungus in corn
USA- Agricultural Research Service (ARS) scientists are diligently seeking innovative ways to combat the fungus responsible for tar spot, a disease that significantly reduces the…
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Russia’s minimum grain export price leads to supply chain strain
RUSSIA- Russian authorities have effectively prohibited farmers from selling grain to foreign customers at prices below the government’s minimum threshold. This strategy, while intended to…
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Louis Dreyfus Company to construct a soybean processing plant in the US
USA – Louis Dreyfus Company (LDC), a global powerhouse in agriculture and food processing, is set to revolutionize the industry with bold plans for a…