Commodity & Trade Updates
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FAO food price index dips a two-year low in May amid significant price drops in cereals and vegetable oils
GLOBAL – The United Nations’ Food and Agriculture Organization’s (FAO) Cereal Price Index declined nearly 5% in May, its lowest in two years, underpinned by…
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Russia continues to limit grain shipments from Ukrainian ports, Hungary asks EU to continue import curbs
UKRAINE- Ukrainian officials say that Russia continues to block the recently renewed Black Sea Grain Initiative by halting the registration of ships to all Ukrainian…
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Mexico moves to trade dispute settlement consultations to fight US GM corn dispute after formal consultations fail
MEXICO- The Mexican government said it would counter U.S. arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn,…
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Canadian pension funds endorse US$25bln Viterra-Bunge merger as Viterra supports hunger project in Canada
CANADA- Two pension funds, Canada Pension Plan Investment Board and British Columbia Investment Management Corp, have declared their support of the potential Viterra-Bunge merger, according…
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Foreign currency crunch hits Egypt’s economy creeping payments for wheat imports
EGYPT – Egypt has deferred payments for its large wheat purchases, a move aimed to relieve financial pressures as the country grapples with a shortage…