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Commodity & Trade Updates
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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.
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Kenya introduces new high-yield rice varieties, receives US$270,793 equipment donation to boost production
The newly introduced Kalimara (CSR36) and Kalpaa (08FAN10) rice varieties are specifically developed to combat the challenges posed by climate change and soil salinity.
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Jordan issues tenders for 240,000 T of wheat and barley to strengthen food security
Despite fluctuations in specific import categories, Jordan’s total imports saw a modest increase in 2024.
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Philippines projects lower rice imports in 2025 on improved local production
The DA anticipates improved local production in 2025, supported by favorable climatic conditions and higher stock carryover.
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Zimbabwe Mercantile Exchange to introduce futures trading, enhancing market stability
By implementing futures trading, ZMX seeks to offer both farmers and off-takers, such as millers, a tool for better financial planning and risk management.