Commodity & Trade Updates
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Global wheat flour trade falls to pandemic lows as low purchasing power in Africa affects demand
GLOBAL -The International Grains Council (IGC) forecast declining global wheat flour trade in the marketing year 2022-23 to reach 13.8 million tonnes (wheat equivalent) as…
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Sohar Flour Mills inaugurates US$52M facility to boost Oman’s grain storage capacity
OMAN-Sohar Flour Mills, a subsidiary of Oman Flour Mills, has inaugurated a new US$52 million grain storage facility to boost the country’s strategic grain reserve…
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Olam Group schemes on listing Olam Agric dual IPO by the first half of 2023
SINGAPORE – Singapore commodity trader Olam Group has outlined plans to list its majority-owned agri-business subsidiary, Olam Agri Holdings, as early as the first half…
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Zimbabwe Mercantile Exchange to aid GMB in national grain reserve management
ZIMBABWE-Zimbabwe Mercantile Exchange (ZMX), a sustainable marketing firm in commodity exchange, has been appointed to aid the Grain Marketing Board (GMB) in the management of…
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Madagascar requests India to waive export taxes on rice destined for the island
MADAGASCAR-The government of Madagascar has requested the Indian ambassador Bandaru Wilsonbab, to obtain tax exemption for the importation of 200,000 tons of rice from the…