The equipment is destined for a cereal storage facility in Bandari, Tanzania, and SACE, the export credit agency owned by Italy’s finance ministry, insured the transaction through a tool it calls Supplier Credit.
Strong demand from Asian markets is helping South Africa manage its large maize harvest while supporting market stability.
The updated rules set clear conditions for wheat purchasing, flour production, packaging, and pricing while keeping retail prices unchanged.
The organisation says South Africa must focus on profitable wheat production after the government left the wheat tariff framework unchanged.
Winter weather has cut Sweden’s grain harvest forecast to 5 million tons, raising concerns over farm incomes and wheat supplies ahead of the 2026 harvest.