Commodity & Trade Updates
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Indian wheat procurement soars above last year’s purchase of 18.8 MT
INDIA- Wheat procurement in India, the world’s second-biggest wheat producer, has increased by almost 1 million tonnes, jumping from 18.8 million tonnes last year to…
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Turkish government imposes 130% import tariff on grains
TURKEY – The Turkish government has imposed a 130% import tariff on some grain imports, including wheat and corn, according to a presidential decision published…
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Hungarian Grain and Feed Association challenges ban on Ukrainian imports
HUNGARY- The Hungarian Grain and Feed Association has strongly opposed the country’s ban on grain and oilseed imports from Ukraine, pointing out that the restrictions…
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Black Sea grain shipments in jeopardy as Russia halts inspections in Turkish waters
UKRAINE- Ukrainian officials said the Black Sea Grain Initiative was in danger of shutting down after Russia frustrated inspections of participating ships in Turkish waters,…
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Bunge ends 3-year contract with Sao Francisco do Sul port authority, making room for rivals
BRAZIL- Bunge port agent, Litoral, recently ended its contract with Brazilian Sao Francisco do Sul port authority, where it had rights to ship an estimated…