Commodity & Trade Updates
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DMCC inks MOU with CG Agrotech to advance agri commodities trade ties with South Asia
UAE- The Dubai Multi Commodities Centre (DMCC) has partnered with CG Agrotech, a leading agricultural commodities business in Nepal, to increase bilateral trade with South…
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Putin bullish about replacing Ukrainian grain shipments to Africa
RUSSIA- Following its withdrawal from the UN-brokered Black Sea grain initiative, Russia boasts of its ability to replace exports of Ukrainian grain to Africa, according…
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India’s rice export ban puts contracts worth US$1B in jeopardy
INDIA- Rice traders in India claim that the country’s decision to ban non-basmati white rice exports will force them to cancel rice export contracts of…
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Russia attacks Ukraine grain warehouses, boasts about bumper harvest
UKRAINE- Merely days after exiting the Black Sea Grain Initiative, Russia attacked Odesa’s grain terminals and destroyed 60,000 metric tons of grain, according to Ukraine’s…
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India bans non-basmati rice exports to regulate domestic prices
INDIA- The Indian government has banned exports of non-basmati white rice, which constitutes about 25% of India’s total rice exports, in an effort to control…