Commodity & Trade Updates

On the source of resources to procure 200 000MT, Admarc Limited spokesperson Theresa Chapulapula said the funds will come from the Treasury.

India’s total edible oil imports increased by 3.6% in August compared to the previous month, reaching around 1.6 million tons, the highest volume in over a year.

Akwa Ibom’s intervention is expected to narrow this supply gap while stimulating rural employment and economic growth in the Niger Delta region.

This upward revision is driven by improved yields across key oilseed crops, particularly soybeans, sunflower seeds, and groundnuts.

In his directive, Marcos said the move was necessary to allow the domestic market to absorb local production.