Commodity & Trade Updates

According to a new report by Platts, part of S&P Global Energy, the cost of milling wheat has surged amid renewed pressure on the Egyptian pound, which has dropped to over 52.39 EGP to the dollar.

The State has allocated KSh 2 billion (US$15.45M) to the subsidy programme, and the directive instructs the Kenya Seed Company Limited to harmonize and distribute the subsidized seed.

The proposal includes the acquisition and development of approximately 14,000 hectares for plantations and associated agro industrial activities.

The landmark agreement aims to boost domestic rice production and reduce the country’s growing reliance on imports.

The inspection changes, introduced following a request from Chinese authorities, require more stringent checks for pests and weeds on soybeans destined for China, according to Cargill and market reports.