South Africa has partially lifted the Brazilian chicken import ban, which should ease pressure on prices in the medium term.
The NDB is providing the finance in local currency to guard instalments against market fluctuations.
Both sides could waive tariffs on some products such as aircraft, spirits and medical devices.
The shipping season is in full swing and on target to reach the sector’s forecast figures.
“South Africa doesn’t have anyone at the wheel in Washington.” – Minister of Agriculture, John Steenhuisen.
Automation is also filtering down to last-mile delivery dynamics.
Many textile factories have been forced to shut down, with buyers unnerved by a 50% tariff.
Saudia Cargo reported a 14% year-on-year increase in exports in the previous year.
Of interest is the fact that the US has not constructed LNG carriers since the late 1970s.
The group will also explore opportunities to develop inland logistics hubs and transit corridors.
The rise comes despite decreasing global prices of the mineral and ahead of a 2027 export ban.
