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Commodity & Trade Updates
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FAO raises global cereal production forecast to record 2.96 billion tonnes
Global wheat production is forecast at 804.9 million tonnes, slightly lower than July’s projection.
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SOPA urges 10% import duty hike on edible oils to shield domestic farmers
The proposed 10% hike would apply across refined and crude edible oil categories, potentially narrowing the price gap between imported and domestically produced oils.
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Malawi’s NFRA raises maize buying prices to boost deliveries, curb market shortages
This price increase is aimed at ensuring sufficient maize reserves for the country during lean periods, responding to current market dynamics.
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Zimbabwe tightens grain and oilseed imports under new regulation
The move aims to stimulate Zimbabwe’s agricultural value chain by guaranteeing local farmers an assured market for their grains and oilseeds.
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Zimbabwe’s food security improves on strong harvests, resilience programs: WFP
WFP said throughout the month of July, field monitoring teams across Zimbabwe observed evidence of recovery and transition in terms of food security.