Commodity & Trade Updates
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Recent rains raise wheat prospects in cash-trapped Argentina
ARGENTINA- Substantial rains in recent days in major Argentine agricultural areas have improved the outlook for the South-American country’s 2023-24 wheat crop, Reuters reported, citing…
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Global grain traders Viterra and Bunge consider possible merger
USA – Glencore-owned global grain trader Viterra is in talks concerning a possible merger with U.S. rival Bunge Ltd- a strategic move that will potentially…
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Viterra to expand Texas terminal to meet the increased demand for grains and feed ingredients
USA- Rotterdam-based grain elevator Viterra recently announced that it will expand its grain and ingredient terminal in Etter, Texas, US, increasing storage capacity at the…
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Kenya to compete with China for maize in traditional source market creating fears of supply crunch
KENYA- Asia’s largest economy is diversifying its corn source markets from the US to South Africa and Latin American countries such as Brazil, which are…
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Cargill expands retail feed operations with new Washington facility
USA- Commodity trading giant Cargill is expanding its retail feed operations, constructing a production facility in Granger, Washington, US, focused on current and potential agricultural…