Producers fear that a wave of duty-free imports could depress farmgate prices just as new-season barley and corn enter the domestic market.
The new commitment aims to bolster Bangladesh’s feed and food industries by ensuring a reliable, high-quality soy supply for poultry, aquaculture, and edible oil production.
The company will be jointly owned by Samcrete Egypt, a leading domestic construction and industrial firm, and Feerum S.A., a Polish manufacturer specializing in grain storage and drying systems
South Africa’s Minister of Agriculture John Steenhuisen welcomed the lifting of the ban, saying that the move marked a return to sound economic principles in the Southern African region.
Algeria is the second-largest importer of food in Africa after Egypt, and its dependence has deepened amid years of drought that have crippled agricultural productivity.