Commodity & Trade Updates
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COFCO International launches new barge fleet in Romania to boost grain logistics
The company, which moves over 2 million tonnes of grain annually via the Danube, said the investment strengthens operational flexibility and efficiency
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India sets new grain production record on back of favorable weather conditions
This marks an increase of nearly 22 million tonnes from the previous year, driven by improved weather conditions that significantly boosted harvests of rice, wheat, and corn
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Sub-Saharan Africa sets new wheat import record amid shifting global trade
The rise in wheat imports is attributed to rapid population growth, increased urbanization, and evolving dietary preferences across the region
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Kenya secures EAC extension for duty-relief on wheat, rice imports
The measure permits wheat to be imported at a 10% tariff, significantly lower than the EAC’s Common External Tariff (CET) of 35%
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USGC delivers first CSAP-certified corn fermented protein shipment to UAE
The shipment follows a commercial agreement finalized during Export Exchange 2023 in Austin, Texas, and further reinforced during the 2024-25 Corn Quality Rollout held in Istanbul