New variety of zinc-fortified wheat to be expanded soon to combat malnutrition

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Scientists at International Maize and Wheat Improvement Center (CIMMYT), a leading global grains research institute are expecting to ramp up new wheat varieties enriched with zinc that can boost the essential mineral for millions of poor people with deficient diets.  Martin Kropff, director general of CIMMYT told Reuters he expects the newly-developed high-zinc wheat to […]

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ArcelorMittal to review its Canadian and Brazilian iron assets

The Mittals-owned ArcelorMittal is evaluating a potential sale of some of its iron ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, reports Bloomberg. The company is reviewing its iron ore assets in Canada, Brazil and Liberia. ArcelorMittal is reported to be speaking with financial advisers about options including […]

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India’s exports of extra sugar may drag down already low global prices

India’s export of sugar is being labelled as India dumping its extra sugar on the world, threatening to further drag down prices that are already at the lowest in almost a year, reports Bloomberg. India’s government is spending Rs 6,268 crore ($873 million) to subsidise exports in an effort to cut the nation’s record stockpiles. […]

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World Soybean demand may rise 1% to 148.86 million tonnes in 2019-20: USDA

World soybean demand in 2019-20 marketing year (October-September) is projected at 148.86 million tonnes, up 1 per cent year on year, due to increased Chinese purchases, according to the latest report by the US Department of Agriculture (USDA). The world’s top soybean importer, China is expected to buy 85 million tonnes of soybeans in 2019-20, […]

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