Osiriz highlights that import demand in Sub-Saharan Africa could grow by another 15% in 2025.
Global wheat production is forecast at 804.9 million tonnes, slightly lower than July’s projection.
Global coconut oil production has stagnated near 3 million tons annually over the past three decades, limiting supply growth amid rising demand.
Markets eased up to the end of July, pressured by strong supply prospects, harvest progress, currency movements, and lacklustre export demand.
The surge is fueled by peanut oil’s reputation as a heart-healthy cooking option.