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Commodity & Trade Updates
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Food Index surge in July on the back of collapsed Black Sea grain deal, India’s ban on rice exports-FAO
GLOBAL – The FAO Food Index report, which is compiled by the Food and Agriculture Organization of the United Nations, climbed 1.3% in July compared…
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Bunge’s second quarter 2023 financial results reveal impressive performance in the agribusiness unit
USA- Commodity trading giant Bunge Limited has reported its second-quarter 2023 results, revealing an EBIT of US$785 million in its agribusiness unit, which is up…
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Kenyan millers at odds with Agriculture and Food Authority over delayed import approvals
KENYA – Wheat flour millers have warned of a further rise in the cost of the commodity and its products such as bread in the…
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Ukraine to collaborate with Croatia on grain exports after the collapse of Black Sea grain deal
UKRAINE- Following the termination of the black sea grain initiative, Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube…
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India imposes ban on de-oiled rice bran exports to regulate dairy products prices
INDIA- India has announced a ban on de-oiled rice bran exports until the end of November to regulate local prices of milk and milk products,…