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Egypt reversed the widely criticized mandate by the Central Bank of Egypt for importers to utilize a process where letters of credit would substitute the long-established cash-against-documents process.

Post forecasts that sugar cane production in Zimbabwe will increase by 4 percent to 3.7 million metric tons (MT) in the 2022/23 marketing year (MY), based on normal weather conditions, availability of sufficient irrigation water, and an increase in area planted.