Commodity & Trade Updates
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USDA grants Louisiana State University US$10m grant to support development of drought resistant rice
USA- The US Department of Agriculture’s National Institute of Food and Agriculture has announced a US$10 million grant to help researchers led by Louisiana State…
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India may be forced to reinstate exports ban as wheat harvest dips below government estimates
INDIA -The Roller Flour Millers’ Federation, an Indian trade group, holds that the availability of wheat in the market is in jeopardy, suggesting lowered production…
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Russia holds that UN pledge on Russian exports will go on even if Black Sea grain deal ends
RUSSIA – Russia’s deputy foreign minister remarked that even if the Black Sea Grain Initiative ends, Russia’s agreement with the United Nations to ease its…
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Mexican president commits to prioritizing domestic non-GM corn for tortillas
MEXICO- Mexico’s president, Andrés Manuel López Obrador, recently announced that he will sign an agreement this week with tortilla makers in the country to ensure…
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Bunge and Viterra finally merge in a US$18 billion deal
USA- Bunge Limited has finally entered into a definitive agreement with Viterra Limited in a stock and cash transaction, creating a merger that will create…