The company will be jointly owned by Samcrete Egypt, a leading domestic construction and industrial firm, and Feerum S.A., a Polish manufacturer specializing in grain storage and drying systems
South Africa’s Minister of Agriculture John Steenhuisen welcomed the lifting of the ban, saying that the move marked a return to sound economic principles in the Southern African region.
Rice shortfall in Nigeria has left the country reliant on imports valued at nearly US$2 billion annually.
This move is expected to inject much-needed revenue into the U.S. agricultural sector, which has suffered billions in losses due to the prolonged trade war and reduced Chinese demand.
The commission has proposed that the EUDR still enter into force on Dec. 30, 2025, for large- and medium-sized in-scope companies, but apply to micro and small operators from Dec. 30, 2026.