Amit K. Sethi reigns supreme over Africa's informal food sector span >
The Indian trader Amit K. Sethi, who has been based in Dubai since 2005, owes the growth of his business to African importers in the informal sector. [...]
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Faced with a tense food situation and the lukewarm success of their agricultural projects in Africa, Saudi Arabia, the UAE and Qatar have fallen back on commodities traders such as Louis Dreyfus and Olam. They are also using the traders' Dubai-based teams to help Egypt and other friendly nations struggling. [...]
With grain shipments in the Black Sea becoming impossible, large and small suppliers of both millers and state agencies are having to adapt to meet their requirements. At the same time, prices are exploding, which may be a double-edged sword. [...]
By poaching veterans from rice trading giant Phoenix Global, which was liquidated in 2020, and taking over its contractual positions, the firm's competitors Swiss Singapore, Olam and Ameropa are now ready, thanks to their vastly expanded African network, to face the current surge in food prices. [...]
Red alert among the world leading cereals trading groups! The Algerian Interprofessional Office for Cereals (OAIC) is to revise its list of accredited suppliers in the next few months. At stake is a $2 billion market dominated - for the [. [...]