Nov 09, 2022

IAOM Middle East Operative Millers Conference

Basis Commodities MD, Chris Whitwell has just returned from a trip to the Middle East to formally welcome our new GM in Dubai, Nader Hassan to the business and to speak at the annual IAOM Middle East Operative Millers Conference on the island of Zanzibar, Tanzania.

This is the 17th he’s attended.

With over 525 people registered for the conference, it was a great networking event with good discussions covering a number of different technical and market topics.

In particular, Chris was involved in a successful panel session covering the strategies employed by successful millers to manage wheat price volatility.

This was a fantastic opportunity to catch up with suppliers and customers all in one place.

While at the conference, Chris was also able to tour Stone Town, the UNESCO heritage listed centre of Zanzibar City.

An amazing place with hospitable people.

A huge thank you to Said Salim Bakhresa Group and the organising committee of the IAOM for their efforts to make our stay so memorable.

Below are some photos conference, if you’re interested in seeing more visit the IAOM website.

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Basis Commodities expands service offering to soybeans.

18 Apr, 2024

In late 2023, Basis Commodities successfully executed its first shipment of premium non genetically modified soybeans from Romania to Egypt, via two small vessels. Basis has many years of experience managing trade flows and relationships within the Middle East and we were pleased when the opportunity to add a new product – Soybeans – arose out of discussions with our suppliers in Romania and buyers in Egypt. To ensure the safe arrival of the produce, the company worked with several parties to facilitate the execution of this new flow for the company including managing due diligence, testing, insurance and contract execution. Soybeans are a primary source of protein and edible oil, making them essential for human nutrition. The largest producers of soybeans in the world are the United States, Brazil, and Argentina. These countries account for most of the global soybean production. Ukraine is the leading exporter of soybeans in Europe. However, Romania is seeing growth in this market after a long hiatus. This growth can be attributed to various factors including increased demand for soybeans globally, improvements in agricultural technology, and favourable climatic conditions for soybean cultivation in Romania. Egypt is among the top importers of soybeans in the world. The country imports large quantities of soybean, primarily for the production of soybean meal, a key ingredient in animal feed formulations. The country's growing population and expanding livestock sector contribute to the increasing demand for soybeans as a source of protein-rich feed. Basis Commodities General Manager in Dubai, Nader Ahmed said assisting companies making connections in the movement of soft commodities is a speciality of the company “we are committed to fostering international trade partnerships and promoting the exchange of quality agricultural products in the Middle East” and “We’re proud to have played a role in bringing premium soybeans into Egypts market”. For more information on how Basis Commodities and assist your business, reach out to the team on the details below