Commodity & Trade Updates
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EU begins inquest on Indonesian biodiesel avoiding import duties
INDONESIA- The European Union said recently that it had launched an investigation into whether biodiesel from Indonesia was circumventing EU duties by going through China…
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Exponential grain demand in Eastern Sub-Saharan Africa to bolster trade: Rabobank
AFRICA- A recent report by Rabobank provides that the growing population, urbanization, and dietary changes in eastern Sub-Saharan Africa (ESSA) will boost the consumption of…
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India seeks Russian wheat imports to calm prices
INDIA- Various credible and anonymous sources provide that India is in talks with Russia to import wheat at a discount as global prices surge, in…
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Romania to double Ukrainian grain exports
ROMANIA- Following the collapse of the Black Sea grain initiative, Romania said it could double its monthly transit of Ukrainian grain to its Black Sea…
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Olam Group targets early 2024 for agricultural unit’s Singapore-Saudi dual IPO
SINGAPORE- Olam Group, one of the world’s biggest agricultural commodity traders, recently announced that it is targeting the Singapore-Saudi IPO of its agricultural unit by…