Burkina Faso Suspends Gold Exports from Artisanal Mining to Organize Sector and Combat Fraud
Burkina Faso, Africa’s fourth-largest gold producer, has suspended exports of the precious metal from artisanal mining in a bid to “better organise” the sector and increase its foreign currency reserves.…
Argentina Awaits $80 Billion Investments Pending Rigi Regulation for Cryptocurrency
Argentina is poised to attract US$80 billion in investments pending the establishment of regulations for the Rigi cryptocurrency. This regulatory framework is crucial for ensuring investor confidence and fostering a…
India Exports First Ready-to-Drink Fig Juice to Poland, Showcasing Purandar Figs on Global Stage
India has exported its first consignment of ready-to-drink fig juice made from GI-tagged Purandar Figs to Poland. The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated this landmark…
Indonesia Increases Palm Oil Price Cap to Boost Domestic Supply of Cooking Oil
Indonesia has raised the price cap for palm oil sold under its domestic market obligation (DMO) scheme to 15,700 rupiah ($1.01) per liter, up from 14,000 rupiah. This adjustment aims…
Russia’s Agricultural Market Thrives: A Decade After Food Embargo
Russia’s Minister of Agriculture has announced that the country has developed one of the world’s most competitive agricultural markets over the past decade, largely due to a food embargo. This…
China’s $300 Billion Investment: What’s Next for Africa’s Export Growth?
After China pledged $300 billion in investments and trade financing for Africa during the 2018 Forum on China-Africa Cooperation, the continent’s exports to China have grown significantly. However, concerns remain…
Russia Implements Export Duty on Pine Nuts to Boost Domestic Processing and Control Harvesting
Russia is tightening its control over pine nut harvesting and exports by implementing an export duty on in-shell pine nuts starting August 1, 2024. The duty will initially be set…
Pakistan to Allow Commercial Hemp Cultivation from January 2025, Targeting $5-7 Billion in Exports
Pakistan has announced plans to allow the commercial cultivation of hemp starting in January 2025. This move marks a significant shift in the country’s stance on cannabis-derived products. The decision…
Georgia Faces Critical Wheat Shortage as Reserves Deplete, Mills Near Closure
Georgia is currently facing a critical wheat shortage, with mills expected to halt operations due to dwindling supplies. The country has increasingly relied on flour imports instead of wheat, primarily…
Russia Displeased with Kazakhstan’s Extended Ban on Russian Grain Imports
Russia has expressed dissatisfaction with Kazakhstan’s decision to extend its ban on Russian grain imports until the end of 2024. The ban aims to combat “gray imports” and protect local…