Commodity & Trade Updates
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Three EU countries maintain ban on Ukraine grain imports despite Brussels ruling
EUROPE- Poland, Slovakia, and Hungary have affirmed their intent to uphold the ban on grain imports from Ukraine, despite the European Commission (EC) discontinuing its…
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Ukraine seeks to conduct ship-to-ship grain transfers at Romanian port
UKRAINE- Danube Shipping Company (DSC) has requested Romania’s Constanta Black Sea port to allow ship-to-ship grain transfers which would almost double its barge (flatboat) export…
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Viterra records 18% increase in revenue for half 1 of 2023
NETHERLANDS- Viterra’s revenue reached US$28 billion in the first half of 2023, up 18% from US$24.3 billion recorded in the first half of last year,…
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Cargill agrees to sell stake in Russian grain terminal to Delo Group
RUSSIA- Cargill, a leading global player in the agriculture and food industry, has finalized a deal to divest its stake in a Russian grain terminal…
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Algeria and Morocco turn their backs on French wheat
ALGERIA/MOROCCO -Algeria and Morocco, Africa’s key players in the wheat trade have abandoned French wheat for Russian wheat following increasingly deteriorating relations between the North…