Commodity & Trade Updates
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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…
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USDA report triggers corn and soybean price drop, wheat remains resilient
USA- Corn and soybean prices experienced a significant dip following the release of the latest World Agricultural Supply and Demand Estimates (WASDE) report by the…
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EU countries oppose Poland’s decision to extend ban on Ukrainian grain
POLAND- Several EU countries are against extending an import ban on Ukrainian grain beyond mid-September as initially planned, according to a report by POLITICO. Ukrainian…