Commodity & Trade Updates

The ban will remain in place for 30 days, effective immediately and lasting until Friday, October 3.

Under the new law, farmers and cooperatives exporting their own produce are exempt from the duty.

On the source of resources to procure 200 000MT, Admarc Limited spokesperson Theresa Chapulapula said the funds will come from the Treasury.

India’s total edible oil imports increased by 3.6% in August compared to the previous month, reaching around 1.6 million tons, the highest volume in over a year.

Akwa Ibom’s intervention is expected to narrow this supply gap while stimulating rural employment and economic growth in the Niger Delta region.