Commodity & Trade Updates
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Perdue AgriBusiness to divest its Maryland elevator for US$1.25 million
USA- Perdue AgriBusiness has agreed to divest its Lothian, Maryland elevator to Anne Arundel County for US$1.25 million and the parties will have 90 days…
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LDC follows Cargill and Viterra in halting grain exports from Russia
RUSSIA- Louis Dreyfus Company announced that it would cease grain export operations from Russia at the start of the new trading season in July. This…
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Iowa board rejects grain loss claims of US$1.5M
USA- The Iowa Grain Indemnity Fund Board rejected nearly US$1.5 million worth of claims from people who sold grain to Global Processing- a now-defunct soybean…
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Grain prices ease for a second week amid high inflation
GLOBAL- Prices for the three major grains- corn, rice, and wheat- declined during the past two weeks even as domestic food price inflation remains high…
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Nisun and Binliang to expand wheat flour supply in China
CHINA- Supply chains solutions provider, Nisun International Enterprise Development Group Co. Ltd, has entered into a wheat flour sales and purchase agreement with Shandong Binliang…