Commodity & Trade Updates
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Russian company inks major grain export deal with China
RUSSIA- A Russian export company has recently inked a substantial deal to supply China with 70 million tonnes of grain, legumes, and oilseeds, according to…
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India maintains basmati rice floor price as grain-export curbs continue
INDIA- The Indian government has announced that it will maintain the floor price for basmati rice exports until further notice as the world’s biggest exporter…
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Bunge shareholders approve proposed merger with Viterra
USA- Global agribusiness Bunge has announced that its shareholders have approved its acquisition of Viterra, expected to close in mid-2024. The plans were revealed earlier…
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Germany to use air defense system to protect Ukrainian grain routes
UKRAINE- Germany has pledged to provide additional air defense systems to Ukraine, to safeguard Ukrainian grain shipments from potential Russian attacks, as recently reported by…
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Tri-national agreement streamlines Ukrainian grain transit via Poland for global markets
UKRAINE- Poland, Ukraine, and Lithuania have reached a deal to facilitate the transit of Ukrainian agricultural products through Poland to third countries by transferring product…