Commodity & Trade Updates
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Zimbabwe seeks to export surplus wheat to Mozambique after becoming self-sufficient
ZIMBABWE – Zimbabwe is considering exporting surplus wheat to neighboring Mozambique after an anticipated harvest of 420,000 tonnes this year, which is significantly above its…
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International Grains Council cuts world grain production forecast by 2MT for 2023-24 marketing year
ENGLAND- The International Grains Council (IGC) is projecting a 2 million tonnes decrease in its world grain production forecast for the 2023-24 marketing year to…
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European Investment Bank loan supports new Bulgarian grain terminal
BULGARIA- The European Investment Bank (EIB) has extended a €50 million (US$54.6 million) loan to Northern Bulgaria’s grain and bulk port operations to help finance…
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Richardson International plans to expand eight Canadian grain elevators
CANADA- Richardson International recently announced plans to expand eight Canadian Pacific Kansas City (CPKC)-served elevators in western Canada, allowing future trains to move from these…
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Ukraine to turn to Danube ports for exports as Russia continues to frustrate grain deal
UKRAINE- Ukrainian Sea Ports Authority recently pointed out that Ukraine must be ready to export grain almost exclusively via its Danube River ports as Russia…