The Egyptian Commodity Exchange is designed to serve as a gateway for both importing and exporting.
Russia has long argued that restrictions on payments, logistics, and insurance have hindered its food and fertilizer exports.
Originally set to conclude on April 30, 2025, the program will now continue from May 1 through the end of the year.
The USDA attributes this positive outlook to an expected 7% rise in yields, reaching 1.2 tonnes per hectare.
The project aims to improve data management and optimize the supply chain, ensuring better coordination between collection centers and government agencies.