Commodity & Trade Updates
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Russia continues to limit grain shipments from Ukrainian ports, Hungary asks EU to continue import curbs
UKRAINE- Ukrainian officials say that Russia continues to block the recently renewed Black Sea Grain Initiative by halting the registration of ships to all Ukrainian…
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Mexico moves to trade dispute settlement consultations to fight US GM corn dispute after formal consultations fail
MEXICO- The Mexican government said it would counter U.S. arguments over agriculture biotech measures, including plans to limit its use of genetically modified (GM) corn,…
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Cargill to divest China poultry unit to private equity firm DCP Capital
CHINA- Global agribusiness and commodities trading giant Cargill recently announced that it is selling its poultry business in China to private equity firm DCP Capital,…
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Recent rains raise wheat prospects in cash-trapped Argentina
ARGENTINA- Substantial rains in recent days in major Argentine agricultural areas have improved the outlook for the South-American country’s 2023-24 wheat crop, Reuters reported, citing…
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Global grain traders Viterra and Bunge consider possible merger
USA – Glencore-owned global grain trader Viterra is in talks concerning a possible merger with U.S. rival Bunge Ltd- a strategic move that will potentially…