Ghana called the reason for the ban on the export of corn and soybeans

Published 2022년 4월 14일

Tridge summary

On April 14, 2022, Ghana made the decision to ban the export of corn and soybeans to eight countries, including the DR Congo, USA, Niger, Italy, Canada, the UK, Qatar, and Sierra Leone. This move is aimed at increasing the availability of these commodities in the domestic market to support the poultry feed industry. However, this ban is expected to result in higher prices for these products in the DR Congo, as the country relies heavily on imports.

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Original content

The decision to suspend the export of corn and soybeans to eight countries was made by the authorities of Ghana, on April 14, according to the information portal Zoom-eco. The Ghanaian authorities banned the export of corn and soybeans to the DR Congo, the USA, Niger, Italy, Canada, the UK, Qatar and Sierra Leone. Ghana's Ministry of Commerce said in a statement that the decision will increase the supply of corn and soybeans in the domestic market to ensure sufficient poultry feed production. It should be noted that the adopted measure will only increase the prices for this raw material in the Congolese markets, ...

Source: Oilworld