AfDB grants $30 million facility to Mauritania’s GBM
The African Development Bank Group has approved a $30 million trade finance facility for the Générale de Banque de Mauritanie
Reuters reports that Algeria’s OAIC is believed to have purchased durum wheat in an international tender, European traders said. It is the latest purchase that follows potential import shipments from Mexico and Turkey. According to WheatGrain.com wheat imports for Algeria are expected to remain elevated at 8.7 million tons in 2024-25, due to lower production. In its Jan. 30 report, the Foreign Agriculture Service of the U.S. Department of Agriculture said below-average rain and soil moisture would create conditions for lower-than-average wheat and barley production for 2024-25.
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