Commodity & Trade Updates

The FAO attributes the expected bumper crop to higher yields in major staples, maize (corn), rice, and wheat, which collectively account for over half of global caloric intake

The partnership comes as Olam Agri establishes a new 350,000 metric tonne soybean processing facility in Kwara State

The move marks a significant shift for SABIL, which has traditionally focused on supporting government-led grain operations

This marks an increase of nearly 22 million tonnes from the previous year, driven by improved weather conditions that significantly boosted harvests of rice, wheat, and corn

The rise in wheat imports is attributed to rapid population growth, increased urbanization, and evolving dietary preferences across the region