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Morning round-up, Tuesday July 02


* US President Donald Trump would like any trade deal his administration agrees to with China to favour the US.


The president made the comment on Monday, adding that renewed trade discussions between the world’s two biggest economies were underway via phone.


The US and China agreed to restart trade talks over the weekend after discussions broke down in May amid allegations that China backtracked on its commitments.




* Uganda’s Coffee Development Authority reported that the country’s coffee exports in the first eight months of the 2018-19 season dropped by 5% compared to a year before.


It said that shipments decreased to 2.8m 60-kilogramme bags from the 2.95m bags the country exported during the first eight months of the 2017-18 season.


The authority blamed dry weather and the low global coffee price for the drop in exports.



* The Ukrainian ministry of agriculture said on Monday that the country’s grain exports jumped to 49.7m tonnes during the July-June season, up from last year’s 39.4m tonnes for the same period.


According to the ministry’s data, wheat made up 15.58m tonnes of Ukraine’s total grain exports, barley made up 3.60m tonnes, and corn made up 29.82m tonnes.




* Reuters reported on Monday that the Ivory Coast plans to tackle illegal cocoa production in the country’s national parks and forest reserves in a bid to better control output.


The government is also hoping that these efforts will help it better support the new floor price for cocoa agreed on last month between buyers, manufactures and processors across Ghana and Ivory Coast.


Officials told Reuters that operations to combat illegal production would be carried out over the next five years.


The government estimates that around a quarter of the Ivory Coast’s annual cocoa output of over 2m tonnes comes from illegal operations in protected lands.




* According to the International Coffee Organisation, global coffee output in May was up 19.4% compared to the same period last year.


It said that production reached 11.6m 60-kilogramme bags during that month and that for the first eight months of the 2018-19 season 86.57m bags were produced.


That represents an increase of 7.5% compared to last year.


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