Commodity & Trade Updates
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USDA finally removes Soybeans of Other Colors grading factor
USA- The U.S. Department of Agriculture (USDA) has finally removed Soybeans of Other Colors (SBOC) as a grading factor for determining soybean quality. Under the…
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Russia officially withdraws from UN-brokered Black Sea grain initiative
RUSSIA- Russia has officially pulled out of the black sea grain initiative, which has been facilitating the export of grain from war-torn Ukraine, after its…
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Zimbabwe agricommodities exchange reports 767% jump in maize trade volumes
ZIMBABWE- The weekly Zimbabwe Mercantile Exchange (ZMX) agricultural commodities auction recovered from a lucklustre Day 3 to record a 767 percent increase on Day 4,…
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Louis Dreyfus Company expands edible oil capabilities with Indonesian refinery
INDONESIAN- Leading commodity trader Louis Dreyfus Company (LDC) recently announced the expansion of its refining complex in Lampung, Indonesia as part of strategic plans to…
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Nestlé U.S. to facilitate regenerative agriculture within its DiGiorno wheat supply chain
USA- Nestlé U.S. recently announced plans to invest in helping bring regenerative agriculture practices to wheat farms within its DiGiorno pizza brand supply chain, partnering…