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Commodity & Trade Updates
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Sudan’s El Gezira wheat area falls 47% amid rising input costs, financing constraints
Farmers attribute the declinene to increase in input prices, lack of financing, and the collapse of irrigation systems.
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Saudi Arabia buys 907,000T of hard wheat to bolster strategic stocks
The purchase involved hard wheat with 12.5% protein content.
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Liberia plans 7,400-hectare rice expansion, new processing plant in Nimba
This initiative is part of the government’s goal to cultivate at least 7, 400 hectares of lowland rice within five years.
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Record global grains output lifts stocks to nine-year high, IGC says
Total grains output is forecast to increase 6% year on year.
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Saudi Arabia issues tender for 595,000 tons of hard milling wheat
The agency is seeking ten consignments of hard wheat with a minimum protein content of 12.5%