Commodity & Trade Updates
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Kenya sets new maize seed prices to enhance food security
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.
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Presco targets to expand its oil palm business in Abia State, Nigeria
The proposal includes the acquisition and development of approximately 14,000 hectares for plantations and associated agro industrial activities.
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Cameroon partners with Israel’s Ekobell to develop rice sector through US$172M investment
The landmark agreement aims to boost domestic rice production and reduce the country’s growing reliance on imports.
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Cargill halts Brazil soybean shipments to China due to inspection changes
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.
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Dainty Rice to establish first US facility
The announcement signals a major strategic pivot for one of North America’s most storied rice companies and reflects broader industry trends toward localized supply chain resilience.