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Commodity & Trade Updates
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Turkey’s TMO tenders for 255,000 tonnes of feed barley amid shrinking domestic output
Barley shortfall will push imports to about 1.7 million tonnes to satisfy domestic feed demand, particularly from livestock producers.
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US extends AGOA to end-2026, easing short-term trade risks for African exporters
The extension takes retroactive effect from September 30, 2025, preventing any lapse in duty-free access for eligible sub-Saharan African countries.
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Black Sea wheat prices hit three-month high as weather, logistics tighten supply
Despite the recent three-month rally, Black Sea wheat prices have fluctuated around US$6/mt since September, under pressure from currency volatility.
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Ukrainian corn prices reach five-month high on strong Turkish demand, port constraints
Despite solid domestic corn production in Turkey this season, low opening stocks and expanding poultry output have increased import requirements.
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US, India trade pact signals new opening for agricultural exports
The pact between the two countries would cut US tariffs on Indian goods from 50% to 18%, and that part of the deal requires India to halt Russian oil purchases.