Commodity & Trade Updates

Large volumes of duty-free maize entering Kenya from regional markets have cut local grain prices, raising concerns about farmer incomes and future production.

Good rainfall and higher water reserves have helped Iraq stay on track for a fourth straight year without wheat imports.

Higher harvests and strong regional demand could push South Africa’s maize exports up by 50% during the 2026/2027 season.

Russia is looking at Nigeria as a possible supplier of palm oil as demand in the Russian market continues to rise.

The tax cuts come as Argentina raises corn output forecasts and adds pressure to Ukrainian exports in key global markets.