Commodity & Trade Updates
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US offers to support Russian food exports if grain deal restarts
RUSSIA- U.S. Secretary of State Antony Blinken said the U.S. will do “whatever is necessary” to make sure all countries can export their food products…
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China lifts tariffs on Australian barley after three-year-old dispute
CHINA- The Chinese Customs Tariff Commission has finally ended the anti-dumping and countervailing duties on Australian barley, starting 5th August 2023, as relations between the…
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Bunge’s second quarter 2023 financial results reveal impressive performance in the agribusiness unit
USA- Commodity trading giant Bunge Limited has reported its second-quarter 2023 results, revealing an EBIT of US$785 million in its agribusiness unit, which is up…
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Ukraine to collaborate with Croatia on grain exports after the collapse of Black Sea grain deal
UKRAINE- Following the termination of the black sea grain initiative, Ukraine and Croatia have agreed on the possibility of using Croatian ports on the Danube…
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India imposes ban on de-oiled rice bran exports to regulate dairy products prices
INDIA- India has announced a ban on de-oiled rice bran exports until the end of November to regulate local prices of milk and milk products,…