Tanzania to Export $250 Million in Maize to Drought-Hit Zambia
Tanzania has agreed to export 650,000 tons of maize worth $250 million to drought-stricken Zambia over the next 8 months. This deal was signed between the two countries to help…
Brazil Maintains 18% Ethanol Import Tariff on U.S., Straining Trade Ties
Brazil has decided to maintain an 18% import tariff on ethanol from the United States, despite calls from U.S. industry groups and lawmakers to remove the duty. The Brazilian government’s…
Russia Seeks Turkey’s Approval to Export Wheat Amid Global Trade Restrictions
Russia is seeking permission from Turkey to export wheat despite the restrictions imposed, as Turkey’s ban on wheat imports will affect trade flows and force Russia to find alternative markets…
China Set to Break July Soybean Import Record on Low Prices, Trump Trade Fears
China is poised to import a record volume of soybeans in July, with Chinese buyers booking around 12-13 million tons for arrival that month. This surge in imports is driven…
Turkey’s Steel Exports Soar 48.6% in January-May 2024
Turkey’s steel exports surged by 48.6% in quantity and 26.2% in value during the January-May 2024 period, reaching 5.4 million tons worth $4 billion. This strong performance was driven by…
EU Reimposes Tariffs on Ukrainian Eggs and Sugar Imports
The European Union has announced the reintroduction of tariff quotas on imports of eggs and sugar from Ukraine, effective July 2, 2024. This decision comes after import volumes of these…
Indonesia Exports 190 Tons of Coffee to US, Strengthening Trade Ties
Indonesian Trade Minister Zulkifli Hasan sent off an export consignment of over 190 tons of coffee beans to the United States from Deli Serdang, North Sumatra on Monday. Indonesia, the…
Russia Extends Gasoline Export Permit Amid Sanctions Pressure
The Russian government has extended the permit for the export of gasoline until July 31, 2024. This decision comes as Russia continues to grapple with the impact of Western sanctions…
Nigeria Secures Landmark Beef and Soybean Export Deal with Saudi Arabia
Nigeria has entered into a significant trade agreement with Saudi Arabia to export 200,000 metric tons of red beef and 1 million tons of soybeans annually. This deal represents a…
Vietnam’s Farm Exports Surge, on Course to Hit $54 Billion Target in 2024
Vietnam’s farm produce exports are on track to reach the target of $54 billion in 2024, having already earned $29.2 billion in the first half of the year, a 19%…