Ethiopia tenders 400,000tn wheat import bid to meet local demand

ETHIOPIA – The Ethiopian government is set to import another batch of wheat amounting to 400,000 tons in bid to meet market demand amid transportation crisis. Ethiopia is among top Africa’s wheat producing countries with […]

USDA projects increase in consumption of wheat, corn in Egypt

EGYPT – According the Global Agricultural Information Network report from the U.S. Department of Agriculture (USDA), consumption of wheat and corn in Egypt is forecast to increase in 2019-2020 due to population growth and increase […]

VTB acquires majority stake in Russian grain trader Mirogroup

RUSSIA — Russian state-controlled bank VTB has revealed that it has completed the purchase of a 70% stake in Russian grain trader Mirogroup, the Reuters reports. The transaction expands the lender’s diversification into the grain […]

Russia extends zero duty on wheat export on a stable market

RUSSIA – The Russian government has extended the zero rate for the wheat export duty to July 1, 2021. According to Russia’s Agriculture Minister Dmitry Patrushev, there were no reasons to abolish the zero-duty rate […]

World wheat flour trade estimated to modestly increase in 2019/20

UK – World wheat flour trade is expected to increase slightly in 2019-20, according to the initial estimate from the International Grains Council (IGC). According to a World Grain report, the IGC estimated world trade […]

Zimbabwe to import 200 000t of wheat to ease shortage

ZIMBABWE – Zimbabwe is set to import 200 000 tonnes of wheat to further alleviate the grain shortage in the country. According to the deputy Minister of Lands, Agriculture, Water, Climate and Rural Resettlement Vangelis […]

Gem Corp, Agro Corp secures Ethiopia’s 600,000 tons wheat supply contract

ETHIOPIA – The Ethiopian government procurement agency has awarded two companies, Gem Corp Commodities Trading SA and Agro Corp International, to supply 600,000 metric tons of wheat valued at US$116.53 million (3.38 billion birr) According to […]

Egypt unveils plans of increasing wheat output, targets 3.6m tonnes

EGYPT – Egypt, the world’s largest wheat buyer, has unveiled plans of increasing local production to 3.6 million tonnes in the coming season that starts in April. According to a report by Reuters, Egypt’s supply […]

Nigerian chamber of commerce faults wheat policy amid low production

NIGERIA – The Lagos Chamber of Commerce and Industry (LCCI) has faulted the federal government’s policy on wheat, saying heavy import tariff on the commodity are adversely affecting millers in the country. In 2012, the […]