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Commodity & Trade Updates
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Egypt’s wheat reserves sufficient to cover four months demand
Egypt has also been expanding its storage capacity and modernising logistics infrastructure to strengthen food security.
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US -Israel crisis stalls Indian basmati shipments to Middle East
Tankers and container ships are avoiding the Strait of Hormuz since insurers have cancelled coverage.
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Saudi Arabia secures nearly 800, 000 MT of wheat in international tender
This was above the 655,000 tons sought in the tender.
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Olam Agri secures US$100M financing deal to strengthen rice flows to Africa
The Facility is initially guaranteed by Olam Group which will be assumed by Olam Agri upon demerger.
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Kenyan scientists defend voluntary adoption of Bt maize in ongoing High Court case
Farmers will retain full freedom to choose between GM, hybrid, improved, or indigenous seed varieties.