Milling & Grains – COMMODITY & TRADE UPDATES
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US soybean exports hit with 44% tariffs as trade war with China escalates
The new levies, set to take effect April 10, are part of China’s retaliatory measures following the White House’s sweeping April 2 announcement.
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Kenya waives 50% duty on yellow maize imports to curb rising flour, feed prices
Redirecting animal feed manufacturers to utilize yellow maize is expected to decrease the pressure on white maize supplies.
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Zimbabwe maintains local wheat price at US$450/T as government sets record target for 2025 winter crop
This move comes as Zimbabwe sets a record target of 120,000 hectares under winter wheat cultivation in 2025, aiming to produce 600,000 tonnes.
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Morocco’s 2025 wheat production forecast falls below 10-year average: USDA
While this marks a slight recovery from the 2.46 million tonnes harvested in 2024-25, the USDA reports that it remains significantly below the 4.15 million tonnes produced in 2023-24.
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FAO Food Price Index unchanged in March 2025, up 6.9% YoY
According to FAO, this stability was largely driven by opposing trends in key commodity categories: falling prices for cereals and sugar offset a notable rise in vegetable oil prices.