Commodity & Trade Updates
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Mexico corn production to rise by 2MMT on back of sustained govt efforts to boost production
MEXICO- The Mexican Ministry of Agriculture and Rural Development predicts domestic corn production will increase by 2 million tonnes in 2023, reaching a projected total…
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Russia rejects bank compromise as Black Sea grain deal expiry nears
RUSSIA- With only a week before the expiry of the Black Sea Grain Initiative, Russia has restated a demand for its state agricultural bank to…
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Bunge breaks ground on new multimillion US dollar protein facility, partners Chevron in Argentina seed business acquisition
USA- Leading global agribusiness Bunge has broken ground on a new US$550 million protein facility in Morristown, Indiana. U.S., according to an announcement the company…
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Cameroonian farmers protest cash crops export ban to Nigeria as illegal trade persists
CAMEROON- Farmers in Cameroon are protesting a recently-instituted ban on cash crops exports to Nigeria, announced by Cameroon’s trade minister Luc Magloire Mbarga Atangana, in…
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Mali sets to import 290,000 tonnes of broken rice from India
MALI- West African country Mali is seeking to import 290,000 tonnes of broken white rice from India through government-to-government channels following India’s lifting of the…