Commodity & Trade Updates
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Ukraine seeks to conduct ship-to-ship grain transfers at Romanian port
UKRAINE- Danube Shipping Company (DSC) has requested Romania’s Constanta Black Sea port to allow ship-to-ship grain transfers which would almost double its barge (flatboat) export…
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Viterra records 18% increase in revenue for half 1 of 2023
NETHERLANDS- Viterra’s revenue reached US$28 billion in the first half of 2023, up 18% from US$24.3 billion recorded in the first half of last year,…
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Cargill agrees to sell stake in Russian grain terminal to Delo Group
RUSSIA- Cargill, a leading global player in the agriculture and food industry, has finalized a deal to divest its stake in a Russian grain terminal…
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USDA report triggers corn and soybean price drop, wheat remains resilient
USA- Corn and soybean prices experienced a significant dip following the release of the latest World Agricultural Supply and Demand Estimates (WASDE) report by the…
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AFEX calls for streamlined trade during AGRF 2023, hints at Cote d’Ivoire expansion
NIGERIA- AFEX, Nigeria’s leading commodities player, recently spotlighted the need for streamlined trade, harmonized standards, and improved infrastructure in African agriculture to foster food security…