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KENYA- Asia’s largest economy is diversifying its corn source markets from the US to South Africa and Latin American countries such as Brazil, which are key buying destinations for Kenya’s imports. The move by China spells doom for Kenya, which is relying on imports to address the runaway cost of flour that now stands at KES 6,100 (US$44.44) for a…
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INDIA – Oilseed growers in India want the government to revitalize the domestic rapeseed market by raising the import tax on palm oil, the most widely used vegetable oil, which will also raise the prices of the commodity, cushioning thousands of local farmers from further price crash. Last year India abolished the basic import tax on crude palm oil (CPO),…
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UKRAINE- Major grain producer and exporter, Ukraine, plans to ban imports from Moldova in response to a potential ban on Ukrainian grain announced on May 6, the Kyiv Independent reported. According to Moldova’s agriculture minister, the country plans to join other European Union countries in banning some Ukrainian grains while allowing their transit. In warning, Ukraine’s Deputy Minister of Economic…
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KENYA- The agriculture ministry has once again said the price of maize meal will drop in 10 days as 150,000 metric tonnes of maize imports are likely to arrive in Mombasa within the next fortnight. “We have 150,000 tonnes of maize that will be landing in Mombasa in the next 10 days, which will lower the cost of flour to…
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EUROPE- The Polish government has decided to keep the ban on Ukrainian grain imports for at least up to the end of the year 2023, according to Development Minister Waldemar Buda’s interview at private Polish Radio Zet. According to Buda, it is “absolutely impossible” for Poland to lift the embargo at the end of June and the earliest it could…
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TURKEY – The Turkish government has imposed a 130% import tariff on some grain imports, including wheat and corn, according to a presidential decision published in the Official Gazette as Reuters reported. This tariff is over 6 times higher than it was half a decade ago at 19.9% for wheat. Moreover, there was no import tax on wheat, barley, rye,…
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HUNGARY- The Hungarian Grain and Feed Association has strongly opposed the country’s ban on grain and oilseed imports from Ukraine, pointing out that the restrictions will hurt feed makers and industrial users in Hungary. According to the association, the ban on grains and oilseeds means feed manufacturers have lost access to the closest and most convenient source of raw material…
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HUNGARY- The European Union has criticized Hungary’s intention to follow Poland in banning Ukrainian food imports, saying that the unilateral moves were “unacceptable” and trade policies of this kind were a matter of “E.U. exclusive competence.” In its statement, the EU insists that “in such challenging times, it is crucial to coordinate and align all decisions within the EU” and…
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CHINA- China is forecasted to import approximately 12 million tonnes of wheat in the marketing year 2022-23, according to a report by the Foreign Agricultural Service of the US Department of Agriculture (USDA) . According to the report, this level is the highest China has imported since 1995-96 when the nation imported 12.5 million tonnes, and this new estimate will make the country the world’s…
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AUSTRALIA- Australia has reached a deal with China to attempt reopening the Chinese market to Australian barley after China imposed an 80% import tariff in 2020 and turned to Canada, France, and Argentina for most of its barley imports. The once-cozy trading partners are on the way to stabilizing their now-sour relationship caused by China’s punitive tariffs on Australian barley…
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