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Wheat

Egypt Shifts From Wheat Tenders To Direct Deals Amid Ukraine Uncertainty

Egypt Shifts From Wheat Tenders To Direct Deals Amid Ukraine Uncertainty - The country is in talks with India to import wheat on the basis..

Egypt, the world’s largest wheat importer, has changed the long standing way it buys grains in order to help it better manage the volatile and high food prices that have resulted from Russia’s invasion of Ukraine. It also received $500 million from the world bank for funding wheat purchases and to improve its wheat storage capacity to alleviate the impact of war between its main suppliers. Before the war, Ukraine and Russia together accounted for 85% of Egypts wheat imports. 

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Spices

5 Facts About Buying Pepper in Bulk That Importers Must Know

5 Facts About Buying Pepper in Bulk That Importers Must Know

Owing to its rich flavour, Black Pepper is one of the highest consumed spices in the world today that is widely used while cooking different cuisines. It is produced from unripe drupes of the pepper plant. The drupes are cooked, cleaned and dried to obtain black pepper oil, spirit and spice. All of which together constitutes a market value of a whopping US$ 3.9 Billion. Looking forward, it depicts a CAGR of 5.37% during 2022-2027 which exhibits a promising future for the commodity. 

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Rice

China Now Buys Half Of Cambodia’s Total Milled Rice Exports

China Now Buys Half Of Cambodia’s Total Milled Rice Exports

Rice is a staple food of Asia and part of the Pacific. Over 90% of the world’s total rice is produced and consumed in the Asia-Pacific region. 

Rice is the principal crop of Cambodia’s farmers and accounts for 15% of the agricultural value added and 75% of the cultivated land. Cambodia exported 1,68,280 tonnes of Milled Rice to China in the first half of 2022, up 17.4% over the same period last year earning $89million in revenue. 

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Agri Commodities

USA and EU Ban on Nigerian Beans Import

USA and EU Ban on Nigerian Beans Import

In 2015, the European Union(EU) banned importation of Nigerian beans on account of them containing pesticides harmful to health. As per the federal government, while the European Union and United States of America’s ban on import of Nigerian beans still remains, hopes are on that it will soon be lifted.

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Wheat

Egypt’s Deal To Buy Indian Wheat At $400 Per Tonne Stands: Supply Minister

Egypt’s Deal To Buy Indian Wheat At $400 Per Tonne Stands Supply Minister

Owing to the topography of Egypt, inadequate water resources and limited arable land, it is impossible for Egypt to be self-sufficient when it comes to crops, mainly wheat. Egypt has a national diet that is heavy on bread. And since they can’t produce sufficient amounts of wheat locally, Egypt is one of the biggest importers of wheat in the world. It depends mainly on Black Sea wheat and imports around 12 million tonnes every year. 

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Rice

Rice Exports Ban: Indian Ban On Rice Exports Would Hurt Its Farmers And Its Friends

Rice Exports Ban Indian Ban On Rice Exports Would Hurt Its Farmers And Its Friends

On May 13 this year, India restricted exports of wheat. Though it exports only a small portion of its produce, it still is the second largest producer of wheat in the world. The onus for the wheat export curb goes to unusual summer causing heatwave and thus leading to low production yield in the country. Now, the real fear comes when the Government is planning to cut off rice export from India as well. 

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Wheat

Black Sea Export Deal Easing Ukranian Grain Flows, Bringing Down Prices

Black Sea Export Deal Easing Ukranian Grain Flows, Bringing Down Prices

The Russian invasion of Ukraine, which began on 24th of February, 2022 hindered the world’s leading grain exporter from shipping any commodity to the global market. With Russia enforcing a naval blockade, Ukraine was unable to ship food grains for 5 long months through its Black Sea ports despite having grains stocked up in the silos.

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Wheat

Why Wheat Reserves Hit A 14-year Low In India?

Why Wheat Reserves Hit A 14-year Low In India

A lower wheat yield amid a severe summer made prices go high in the local market of India. Steps had to be taken to regulate the market and in May, the government decided to ban the export of wheat to ensure food security. There were reports asserting that India is about to import wheat due to a shortage of stocks in the domestic market and this took many by surprise as India has been pretty much self-reliant in terms of wheat. However, the government denied such claims and assured us that there are enough stocks of the essential commodity for public distribution. 

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Long Grain Rice

Ukraine Grain Exports Exceed 1 Million Tons: Türkiye

Ukraine Grain Exports Exceed 1 Million Tons Türkiye

Since the establishment of the Black Sea grain corridor, Ukraine has exported food shipments to a tune of 1 million tonnes. Defense Ministry of Türkiye has informed in a written statement that owing to the smooth conduct of the Istanbul-based Joint Coordination Center (JCC), a total of 1,04,286 tons of grains have been exported from Ukraine. 

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Rice

Bangladesh Issues Tender To Buy 50,000 Tonnes Rice

Bangladesh Issues Tender To Buy 50,000 Tonnes Rice

Bangladesh is still recovering from the flood that hit its population. Thousands of homeless and destitute people have struggled to deal with extreme flooding. Among other parts, Bangladesh’s northeast was hit by flash floods this May, followed by the monsoon in June and July which brought erratic and excessive rainfall. Such was the severity that an unprecedented 970 millimeters (38 inches) of rain was recorded in a day, as per the Indian Meteorological Department (IMD). As a part of emergency response, the government of Bangladesh has provided relief along with other aids that included housing materials.

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