Commodity & Trade Updates
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Putin finally ready to negotiate return of Black Sea grain deal
RUSSIA – President Vladimir Putin has assured Turkey’s Tayyip Erdogan that Russia is open to discussions about the Black Sea grain deal- an initiative that…
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Oman seeks to bolster wheat production under various farming contracts
OMAN- The Oman Ministry of Housing and Urban Planning recently inked 40 usufruct agreements aimed at initiating food security and wheat production initiatives in the…
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Australia poised to lower wheat forecast as El Nino curbs output
AUSTRALIA- Traders and analysts anticipate that Australia will probably revise its wheat production estimate for the 2023/24 season downward by approximately one million metric tons. …
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Industry report claims 2008 rice crisis scenario is unlikely in spite of price rises
GLOBAL- Despite the recent exponential rise in rice prices globally, a recurrence of the 2008 crisis scenario remains unlikely, according to the International Rice Statistics…
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Lamentable wheat harvest in Canada to push pasta prices up
CANADA- According to a recent report released by Statistics Canada, all-wheat production stands at 29.5 million metric tons, down 14 percent from last year, which…