17-Kenyan Imports Of Wheat And Maize From At War Russia And Ukraine Have Quadrupled

1. Kenyan Imports Of Wheat And Maize From At War Russia And Ukraine Kenyan Imports Of Wheat And Maize From At War Russia And Ukraine Have Quadrupled Have Quadrupled During the first half of the year, Kenya spent more than four times as much on imports from Russia and Ukraine, according to official data released on Thursday. This growth was primarily caused by an increase in wheat and maize grain import orders. Imports Spending's By Kenya Imports Spending's By Kenya Kenyan traders purchased goods from both of their rival Eastern European neighbors for a record-high amount of about Sh50.97 billion, according to the Kenya National Bureau of Statistics (KNBS). That represented an increase of 369.98% over the Sh10.84 billion in the same period the year prior, when the conflict between Russia and Ukraine, which had started in February 2022, had reached its height and major trade routes had been cut off. The import bill from these two sources was driven by an increase in wheat suppliers from the Russian Federation and wheat and maize imports from Ukraine, according to KNBS analysts for the second quarter's Balance of Payments report. In the first half of the year, imports from Russia totaled Sh43.30 billion, up from Sh8.72 billion the year before, while imports from Ukraine reached Sh7.66 billion, up from Sh2.12 billion. The Black Sea Grain Initiative The Black Sea Grain Initiative Grain exports from Ukraine benefited significantly from the one-year agreement that allowed exports to leave the war-torn country via a safe route across the Black Sea.

2. A deal between Turkey, Russia, and the UN allowed for the resumed shipping of grains through that route, and as a result, the Black Sea Grain Initiative was established in July 2022 in Istanbul, Turkey. Kenya is heavily dependent on the two countries, especially Ukraine, for its supply of wheat. The ongoing conflict in Ukraine had a detrimental effect on the global wheat supply last year, which led to an increase in wheat prices. Steps By Steps By kenya Kenya, whose production was severely affected by drought, experienced record prices for the commodity as a result of the conflict in Ukraine earlier in the year, which was made worse by export restrictions in India. kenya As a result, Kenya was able to convince the Council of Ministers of the East African Community to grant its request for permission to import wheat for a year beginning in July with a 10% levy rather than the customary 35%. The Treasury Cabinet Secretary Njuguna Nhung's claims that the lower tariffs will “ensure enough wheat to meet local demand, while protecting wheat farmers from unfair competition from imported wheat.” If you are a wheat importer wishing to buy wheat in bulk or a wheat exporter willing to export bulk wheat, then Tradologie.com is the right platform for you. Tradologie.com is a Software as a Service platform that facilitates bulk agro-trade across the globe. Through tradologie.com’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates. The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.