Commodity & Trade Updates
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Lamentable wheat harvest in Canada to push pasta prices up
CANADA- According to a recent report released by Statistics Canada, all-wheat production stands at 29.5 million metric tons, down 14 percent from last year, which…
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Soybean powerhouse Argentina eases currency policy to alleviate soybean scarcity
ARGENTINA- The world’s largest producer of soybeans, Argentina, is allowing grain exporters to keep 25% of the foreign currency they generate in September to import…
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AFEX inks MoU with Ghana Commodities Exchange for collaborative commodities trading
NIGERIA- AFEX, Nigeria’s leading commodities player, recently signed a Memorandum of Understanding with Ghana Commodities Exchange (GCX), to strengthen the commodity trading ecosystem between the…
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Australia dispatches first barley shipment to China since tariffs lifted
AUSTRALIA- Australia has shipped the first barley cargo to China since tariffs imposed in 2020 were lifted earlier this month, according to the country’s minister…
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Ukrainian grain exports in jeopardy as prices drop
UKRAINE- Grain prices on the Ukrainian market have been at a dangerously low level since Russia’s exit from the Black Sea grain deal, according to…