Commodity & Trade Updates
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EU considers subsidizing transport for Ukraine’s grain export
UKRAINE- The European Commission is “seriously considering” subsidizing the transport of Ukrainian grain through its member states after several countries banned imports, according to Poland’s…
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Global wheat supplies condense on lowered production and consumption: USDA
GLOBAL- The global wheat production for 2023/24 will decline by 4.3 million tons to 1,061.7 million as production reduces in the EU, China, and Canada,…
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EU begins inquest on Indonesian biodiesel avoiding import duties
INDONESIA- The European Union said recently that it had launched an investigation into whether biodiesel from Indonesia was circumventing EU duties by going through China…
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Exponential grain demand in Eastern Sub-Saharan Africa to bolster trade: Rabobank
AFRICA- A recent report by Rabobank provides that the growing population, urbanization, and dietary changes in eastern Sub-Saharan Africa (ESSA) will boost the consumption of…
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India seeks Russian wheat imports to calm prices
INDIA- Various credible and anonymous sources provide that India is in talks with Russia to import wheat at a discount as global prices surge, in…