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EGYPT – Egypt has raised the price of local wheat procurement for the new harvest season, which starts in April 2023, by 42 percent to hit EGP 1,250 (US$23.3) per ardeb (1 ardeb= 150kg), up from EGP 880 (US$16.4) Egypt relies heavily on wheat for making bread, a main staple in the Egyptian diet, with citizens consuming almost 100 billion…
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CANADA-Blendtek Ingredients Inc., a premier ingredient solution and product development company, has entered into a strategic distribution with the giant commodity trader, Cargill. This new partnership strengthens Cargill’s distribution network across Canada leveraging Blendtek’s locally-stocked and customer-focused distribution capabilities. Blendtek company, headquartered in Cambridge, specializes in providing high-quality Organic & Conventional Food ingredients, Cosmetic & Pharmaceutical Ingredients among other ingredients.…
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AUSTRALIA – The Grains Research and Development Corporation (GRDC) has pledged US$17.5 million to Grains Australia Limited (GAL) to bolster the competitiveness and profitability of the nation’s grain sector across the value chain in the domestic and international markets. Australian grain farmers produce about 46.8 million tonnes of grains annually, according to the latest figures from the Australian Bureau of…
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CHINA-China, the world’s top buyer of soybeans, has expanded its planting area to 10.26 million hectares, an increase of 1.82 million hectares year-on-year as the country continues its self-sufficiency push. For years, China has been heavily reliant on imports to meet its local demand. The average soybean import is at 60%, the figure that the government is working to slash…
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