Commodity & Trade Updates

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.

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.