Commodity & Trade Updates
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S&P Global: Black Sea wheat prices stay firm as exporters watch new crop demand
Stable prices, lower freight costs, and strong competition continue to shape the Black Sea wheat market ahead of the new harvest season.
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Mali deepens ties with Russia to secure fertilizer supplies amid rising global prices
Mali is discussing new arrangements with Russia to secure fertilizer supplies amid rising geopolitical tensions and export restrictions that are increasing pressure on global agricultural input markets.
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Morocco to suspend soft wheat imports from June to July to support domestic harvest
The decision comes as Morocco anticipates improved cereal production following stronger rainfall during the current agricultural season, offering relief after several years of drought-related disruptions that severely affected crop yields and increased dependence on imports.
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North Africa’s wheat imports forecast to drop 13% in 2026/27 as domestic harvests improve
The USDA released the forecast as part of its latest global grain market outlook, highlighting a broader slowdown in import demand across North Africa and the Middle East as regional production and stock levels improve.
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Ghana secures US$3M Japanese funding to establish rice seed production plant
The facility will be equipped with advanced machinery to improve timely seed production, increase access to certified rice seeds, and strengthen national food security.