Commodity & Trade Updates
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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…
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India imposes 20% export duty on parboiled rice to protect local supplies
INDIA- The Indian government has imposed a 20% duty on exports of parboiled rice , a move that could further reduce shipments from the world’s…
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Cargill seeks to acquire soy crushing facilities in Brazil
BRAZIL- US agricultural trading company Cargill has submitted a binding offer to acquire three soy crushing plants and four warehouses in Brazil from Granol, a…