Russia’s latest export tax comes as global wheat production falls below demand, keeping importers across Africa and the Middle East focused on supply and prices.
Russia is looking at Nigeria as a possible supplier of palm oil as demand in the Russian market continues to rise.
Stable prices, lower freight costs, and strong competition continue to shape the Black Sea wheat market ahead of the new harvest season.
Mali is discussing new arrangements with Russia to secure fertilizer supplies amid rising geopolitical tensions and export restrictions that are increasing pressure on global agricultural input markets.
The country says current stocks and incoming shipments will keep supply stable in the coming months.