Commodity & Trade Updates
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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…
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AFEX seeks to raise US$65M to drive expansion into 7 new African countries
NIGERIA – AFEX, Nigeria’s first private agricultural commodities exchange player has announced plans to raise US$65 million to fund its expansion plan into seven new…
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Recent rains raise wheat prospects in cash-trapped Argentina
ARGENTINA- Substantial rains in recent days in major Argentine agricultural areas have improved the outlook for the South-American country’s 2023-24 wheat crop, Reuters reported, citing…