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Commodity & Trade Updates
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World food prices hit two-year high on rising edible oil costs among other commodities: FAO
The Vegetable Oil Price Index soared to 166.8 points, a 7.1% month-on-month jump.
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Kenya high court suspends 500,000-tonne rice import plan pending petition
Farmers opposed the decision, citing that it would affect the local produce.
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Global cereal output to reach record high in 2025: FAO
FAO forecast for global cereal production in 2025 has been lifted by almost 14 million tonnes in July compared to the previous month.
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China’s July soybean imports hit record high as Brazil extends supply peak
China is projected to import 112 million tonnes in the 2025-26 marketing year.
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US Grains Council rebrands as US Grains & BioProducts Council, appoints Mark Wilson as Chairman
The change reflects the organization’s expanding mission in both grains and bio-based products.