Commodity & Trade Updates

The loan will enable SOGUIPAH to restart palm oil production, resume raw material purchasing, and enhance logistics operations, helping to stabilize the supply chain from farmers to markets.

Primarily used for couscous and pasta production, Canada Western Amber Durum (CWAD) is especially valued in Morocco for its bright yellow pigment.

The sharp fall in Nigerian market prices is squeezing traders who held long positions earlier in the year expecting carry-over Q2-Q3 price strength.

Industry sources attribute the decline primarily to ample inventories in Indian ports and warehouses, which hold over 1.2 million tonnes of edible oils, reducing the urgency for fresh imports.

South Africa’s Minister of Agriculture John Steenhuisen welcomed the lifting of the ban, saying that the move marked a return to sound economic principles in the Southern African region.