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Milling & Grains – COMMODITY & TRADE UPDATES
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Kenya accelerates edible oil crops farming to cut imports, led by AFA
Kenya currently produces only 34% of its annual edible oil demand of 900,000 metric tonnes.
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India’s ethanol push threatens edible oil self-sufficiency goals
Government data shows a 4% decline in oilseed acreage this season.
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World food prices hit two-year high on rising edible oil costs among other commodities: FAO
The Vegetable Oil Price Index soared to 166.8 points, a 7.1% month-on-month jump.
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Kenya’s maize prices hit 20-month high as supply dips, Galana Kulalu expansion offers hope
Despite duty-free imports, consumers and processors continue to face sharp price increases.
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East Africa launches regional soybean initiative to slash imports
East Africa continues to lag in soybean output despite favorable agro-climatic conditions.