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Milling & Grains – COMMODITY & TRADE UPDATES
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Morocco’s FNM signs strategic partnership with Canada to secure premium durum supply
Primarily used for couscous and pasta production, Canada Western Amber Durum (CWAD) is especially valued in Morocco for its bright yellow pigment.
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Nigerian rice prices fall by 32% due to oversupply, weakening supplier margins: Platts
The sharp fall in Nigerian market prices is squeezing traders who held long positions earlier in the year expecting carry-over Q2-Q3 price strength.
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Zimbabwe lifts maize import ban but imposes sourcing quota
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.
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Zimbabwe harvests 578,000 tonnes of wheat, surpassing national demand
With domestic needs fully met, Zimbabwe is now seeking export opportunities within the region, particularly in neighboring countries.
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Kenya feed shortages spur push for GM-sourced raw materials to ease crisis
Experts are urging the government to embrace genetically modified maize and soybeans to reduce feed costs and stabilise supply.