A major theme throughout the Summit was the shifting structure of global agricultural trade and the increasingly vital links between the Black Sea region and Asia.
Logistical costs have surged dramatically, with traders reporting that transport costs have jumped by US$15–US$20, nearly doubling compared to earlier in the season.
The plant, which employs advanced degermination technology, will produce high-quality grits, flour, and feed byproducts.
As part of the project, the company is manufacturing and installing16 silos for storage of soy protein concentrate.
Under the new law, farmers and cooperatives exporting their own produce are exempt from the duty.