Commodity & Trade Updates
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EU censures Hungary’s threat to follow Poland in banning Ukrainian food imports
HUNGARY- The European Union has criticized Hungary’s intention to follow Poland in banning Ukrainian food imports, saying that the unilateral moves were “unacceptable” and trade…
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Ayodeji Balogun steps up to become AFEX Group CEO, focuses on growing firm to billion dollar status
AFRICA- Ayodeji Balogun, the Group CEO of Africa’s leading commodities market player, AFEX, has taken up an enhanced role at the Group, as the company…
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China to import 12MMT of wheat in MY 2022-23 as domestic prices trend higher: USDA
CHINA- China is forecasted to import approximately 12 million tonnes of wheat in the marketing year 2022-23, according to a report by the Foreign Agricultural Service of the…
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Argentine 27MMT soybean production lowest in 23 years: USDA
ARGENTINA- According to the US Department of Agriculture’s latest World Agriculture Supply and Demand Estimates, Argentina will likely have its smallest soybean crop in over…
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Brazil’s 7 MMT estimated rice yield lowest in 25 years as drought persists: USDA
BRAZIL- Brazil could produce its lowest rice crop in 25 years in the marketing year 2022/23 at 7 million metric tons (MMT), according to a…