Commodity & Trade Updates

Rice prices rose by 3.8 percent, finger millet grains surged by 10.1 percent, maize grains increased by 1.8 percent, sorghum flour by 4.0 percent, maize flour by 2.6 percent, and fresh beef by 0.8 percent.

The results indicate that greenhouse gas emissions have decreased by 33% due to more efficient fertilizer use and precision application, while energy use has dropped by 57% thanks to improved fuel efficiency and reduced tillage.

Under the MoU, both nations will explore research opportunities to identify blending options for Chinese and Australian wheat and flour.

The government’s export target of 350,000 tons by 2030 represents about half a month’s domestic consumption, which stands at approximately 6.6 million tons annually.

The renewed focus on local maize production stems from the government’s intent to reduce reliance on imports from countries like Argentina and Brazil.