Commodity & Trade Updates
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South Africa’s oilseeds export to reach a record of 800,000 MT, a 14% high in MY 2023/24-USDA
SOUTH AFRICA – Oilseed production in South Africa is forecast to reach a historic high of 3.6 million metric tons with a planted area of…
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Black Sea grain shipments in jeopardy as Russia halts inspections in Turkish waters
UKRAINE- Ukrainian officials said the Black Sea Grain Initiative was in danger of shutting down after Russia frustrated inspections of participating ships in Turkish waters,…
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Bunge ends 3-year contract with Sao Francisco do Sul port authority, making room for rivals
BRAZIL- Bunge port agent, Litoral, recently ended its contract with Brazilian Sao Francisco do Sul port authority, where it had rights to ship an estimated…
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EU censures Hungary’s threat to follow Poland in banning Ukrainian food imports
HUNGARY- The European Union has criticized Hungary’s intention to follow Poland in banning Ukrainian food imports, saying that the unilateral moves were “unacceptable” and trade…
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China to import 12MMT of wheat in MY 2022-23 as domestic prices trend higher: USDA
CHINA- China is forecasted to import approximately 12 million tonnes of wheat in the marketing year 2022-23, according to a report by the Foreign Agricultural Service of the…