Commodity & Trade Updates
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U.S. soybean meal exports to reach record high
USA- U.S. soybean meal exports have surged to record levels, with an estimated 13.2 million tons in the marketing year 2022/23 (October to September), boasting…
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Russia’s minimum grain export price leads to supply chain strain
RUSSIA- Russian authorities have effectively prohibited farmers from selling grain to foreign customers at prices below the government’s minimum threshold. This strategy, while intended to…
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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…