Commodity & Trade Updates
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Rice and sugar prices defy August’s decline in food commodities: FAO
GLOBAL- In an unexpected turn of events, the prices of rice and sugar have bucked the trend of declining food commodity costs in August, driven…
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Argentina anticipates strong rebound in soybean crop, Brazilian soy and corn recover
ARGENTINA- The Buenos Aires grain exchange recently released a report on September 7, projecting an impressive harvest of approximately 50 million tonnes for the 2023-24…
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Cargill’s deforestation concerns addressed as Sean Leighton assumes IFT presidency
USA- An activist group, Global Witness, recently released a report revealing that global commodity trading giant Cargill has been procuring soy from 50,000 acres of…
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Putin finally ready to negotiate return of Black Sea grain deal
RUSSIA – President Vladimir Putin has assured Turkey’s Tayyip Erdogan that Russia is open to discussions about the Black Sea grain deal- an initiative that…
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Oman seeks to bolster wheat production under various farming contracts
OMAN- The Oman Ministry of Housing and Urban Planning recently inked 40 usufruct agreements aimed at initiating food security and wheat production initiatives in the…