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Commodity & Trade Updates
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USDA lifts 2025-26 global wheat stocks forecast as higher output offsets record demand
World wheat consumption in 2025-26 was forecast by the USDA at a record-high 823 million tonnes, up 4.1 million tonnes from November.
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Palmolein slump drags India’s vegetable oil imports down 28% in November
This decline was primarily driven by a sharp decrease in refined palmolein shipments.
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China’s soybean imports set to reach record high in 2025 amid supply shifts
This import frenzy enhances food security for China’s livestock sector, underpinning protein feed critical to pork, poultry, and aquaculture amid population demand.
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Japan’s feed industry shifts toward corn as rice prices remain elevated
FAS forecasts a 2.2% rise in corn imports for MY 2025-26, reaching 15.8 million tonnes, the highest volume in six years.
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South Africa posts second-largest maize crop, hits over 16MT
With annual domestic consumption estimated at around 12 million tonnes, the current harvest places South Africa firmly in surplus.