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The Government of Kenya approved duty-free importation of GM cottonseed cake for animal feed manufacturing, allowing eight manufacturers to bring in up to 28,000 metric tons. The approval is intended to address a feed shortage and affordability crisis in the livestock sector.
The duty exemption and volume cap add supply to a short Kenyan feed market, which should moderate local cottonseed cake prices. The effect is limited by the modest tonnage.
isaaa.orgJun 15, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
