Commodity & Trade Updates
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UAE based agricultural commodity trading company Invictus to invest US$272M in African expansion drive
MENA- Invictus Investment Company, a UAE-based agricultural commodity trader, has announced plans to invest US$272 million to expand into the MENA region via acquisitions and…
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Mexico corn production to rise by 2MMT on back of sustained govt efforts to boost production
MEXICO- The Mexican Ministry of Agriculture and Rural Development predicts domestic corn production will increase by 2 million tonnes in 2023, reaching a projected total…
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Richardson International enters malt market with UK-based Anglia Maltings acquisition
UK-Canadian grain handler and merchandiser Richardson International is entering the malt sector through the UK-based Anglia Maltings Holdings (AMH) acquisition, the company recently announced without…
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Russia rejects bank compromise as Black Sea grain deal expiry nears
RUSSIA- With only a week before the expiry of the Black Sea Grain Initiative, Russia has restated a demand for its state agricultural bank to…
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Bunge breaks ground on new multimillion US dollar protein facility, partners Chevron in Argentina seed business acquisition
USA- Leading global agribusiness Bunge has broken ground on a new US$550 million protein facility in Morristown, Indiana. U.S., according to an announcement the company…