Commodity & Trade Updates
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India’s rice export ban puts contracts worth US$1B in jeopardy
INDIA- Rice traders in India claim that the country’s decision to ban non-basmati white rice exports will force them to cancel rice export contracts of…
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Russia attacks Ukraine grain warehouses, boasts about bumper harvest
UKRAINE- Merely days after exiting the Black Sea Grain Initiative, Russia attacked Odesa’s grain terminals and destroyed 60,000 metric tons of grain, according to Ukraine’s…
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India bans non-basmati rice exports to regulate domestic prices
INDIA- The Indian government has banned exports of non-basmati white rice, which constitutes about 25% of India’s total rice exports, in an effort to control…
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Burkina Faso to ramp up rice production in the face of increasing demand
BURKINA FASO- Over the last decade, rice has become a staple in Burkinabè households, putting pressure on the productive apparatus and prompting the government to…
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Tunisia Cereals Office to invest over US$4M in Bizerte storage capacity improvement
TUNISIA – One of the countries in North Africa, Tunisia, is planning to invest 13 million dinars (US$4.3 million) to implement a project aimed at…