The Zimbabwean government has lifted the ban on private grain sales and granted the nod to individuals and corporates with free funds to import quantities of their choice to complement Treasury’s efforts in ensuring adequate national grain reserves. The intervention comes at a time when Zimbabwe has suffered reduced yields as a result of drought experienced last season. The country needs an estimated 800 000 tonnes of maize imports to cover the gap up to the next harvest and government has assured the nation that no one will starve. Please click on the linked article first published in The Herald to peruse.
USGC focuses on trade potential in emerging markets
CINCINNATI, OHIO, U.S. — On day two of the U.S. Grains Council (USGC) summer meeting in Cincinnati, Ohio, U.S., participants focused on agricultural trade in emerging markets. The three markets focused on were India, Africa and opportunities for ethanol sales. Read more…
IGC revises global grain output lower
LONDON, ENGLAND – The International Grains Council (IGC) has lowered its forecast for 2019-20 global grain production as projected wheat output in the E.U., Russia and Canada as well as corn production in China has declined from the previous month. Read more…
Russia extends zero wheat export duty
MOSCOW, RUSSIA — The Russian government on July 1 announced that it is extending the term of the zero rate on wheat exports until July 1, 2021. The zero wheat export duty, introduced in Russia three years ago, was valid until July 1, 2018, with a subsequent extension until July 1, 2019. Read more…
Zimbabwe receives funding for wheat imports
HARARE, ZIMBABWE — The Reserve Bank of Zimbabwe has released $7 million to buy wheat imports as part of the government’s plan to avoid wheat and bread shortages, the Grain Millers Association of Zimbabwe said June 19. Read more…
IGC forecasts total grains output to climb by 2%
LONDON, ENGLAND — Convening for its annual meeting this week in London, members of the International Grains Council (IGC) released their grains, rice and oilseed production outlook for 2019-20. Read more…
Kenya facing maize shortage crisis
NAIROBI, KENYA — Kenyan millers are on the verge of running out of maize as disputes continue between the government, the Strategic Food Reserve (SFR), millers and the National Cereals and Produce Board (NCPB). Read more…
Focus on China
With a massive population and growing economy, China is a hugely important player on the world’s grain and oilseeds market, notably as the world’s largest oilseeds importer. Read more…
IGC: Grain production estimates up 2%
LONDON, ENGLAND — Total world grain production is expected to increase 2% in 2019-20 to a total of 2.178 billion tonnes, according to the International Grains Council’s (IGC) Grain Market Report issued on April 25. Read more…