Commodity & Trade Updates

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.

South Africa’s maize output for the 2023-24 production season stands at approximately 13.34 million tonnes, down 26% for white maize and 12% for yellow maize.

During this period, a reduced customs duty of 5% will apply to corn imports, with individual shipments capped at 8,000 tons.

In addition to building new silos, the Grain Office will embark on a major renovation program for existing silos built since 1985.