Grains Commodity and Trade Updates

By reducing its reliance on traditional suppliers such as Brazil, Argentina, Russia, and Uruguay, China aims to secure more stable and diverse feed protein sources

The shipment follows a commercial agreement finalized during Export Exchange 2023 in Austin, Texas, and further reinforced during the 2024-25 Corn Quality Rollout held in Istanbul.

The forecast, released during the IGC’s 62nd Council Session held in London, underscores strong momentum in the grains sector, with total use also expected to climb by 2% year-on-year to 2.372 billion tonnes.

With China’s green light, Bunge has now secured all required regulatory consents, including conditional approvals from key markets such as Canada and the European Union.

Maize accounts for a significant portion of poultry feed, yet Sri Lanka’s local cultivation fulfils less than 50% of national demand.

The falling prices are bringing welcome cost relief to feed manufacturers, but persistent volatility and trade tensions continue to cloud the outlook.

The development allows for greater adaptability to market dynamics ensuring sustained crushing volumes even when local soybean supplies fluctuate.​

The development comes amid a resurgence in trade tensions between the two largest economies, sparking fresh concerns among U.S. agricultural exporters.

SABIL, the newly-formed company, will manage 14 silo branches across the kingdom, including four located in major ports.

While the decision permits the import and processing of the GM corn for food and feed, it explicitly excludes their cultivation within the trading bloc.