While Asia Pacific remains the largest market by volume, Africa has emerged as the fastest-growing region, signalling new opportunities for investment
The wheat, with a protein content of 12.5%, is scheduled to arrive between August and October 2025
The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2025.
The move is expected to increase capacity and efficiency.
According to Ryals McMullian, chairman and chief executive officer, tariffs are burdening consumers who are already feeling the pinch of rising living expenses and are concerned about their own financial status as well as the unpredictability of the US economy.