Commodity & Trade Updates

The decline in imports to Iraq is linked to the country’s record wheat crop, with the government authorizing up to 2 million tonnes of grain exports this year.

The policy has received positive feedback from key industry stakeholders, who view it as a pivotal advancement in fostering self-sufficiency.

According to the USDA, Brazil will remain the undisputed leader with approximately 40% of global supply.

The measure aims to shield consumers from the impact of rising global wheat and barley prices on bread production costs.

The plant is designed to crush up to 35 million bushels of soybeans annually, with plans to process sunflower, canola, and camelina by 2026.