Soybean and Palm Oil Prices Climb Amid Falling Oil Prices and Shifting Demand

pexels david bartus 404966 scaled

Soybean and palm oil prices have continued to rise, despite lower oil prices, as traders anticipate increased imports by China and India. In the context of the US Fed’s interest rate increase to 5-5.25% and an expected recession in the US economy, traders have turned to agricultural assets as a more attractive investment. This article … Read more

EU Oilseed Imports Surge Amid Shifting Supplier Dynamics

pexels владимир васильев 14859706 scaled

The Dominance of Ukrainian Oilseeds in EU Market In the 2022/23 marketing year, Ukraine emerged as the leading supplier of sunflower seeds, rapeseed, sunflower meal, sunflower, and soybean oil to the European Union. This significant import increase, up 68% from the previous season to 9.8 million tons, reshaped the EU’s import landscape for oilseeds. The … Read more

UN and Russia to Discuss Black Sea Grain Deal Amid Ongoing Conflict: International Trade Implications

pexels dapur melodi 972939 scaled

Amid the ongoing Russo-Ukrainian War, which escalated with Russia’s invasion and occupation of parts of Ukraine on 24 February 2022, the Russian Foreign Ministry announced that talks between Russia and the United Nations regarding the Black Sea grain deal are scheduled to take place in Moscow on May 5, 2023. UN’s top trade official Rebeca … Read more

Copper Prices to Recover Slowly Amid Economic Uncertainties

pexels movidagrafica barcelona 1474993 scaled

Low Inventories Support Copper Prices Copper prices are expected to experience a moderate recovery in the coming months, primarily driven by low inventories. However, the upward trend may be limited due to weak physical demand in China and concerns over a potential global recession, according to a Reuters poll. Copper prices have been losing momentum … Read more

WTO Launches Online Registration and Call for Proposals for 2023 Public Forum

pexels nextvoyage 695694 scaled

The WTO has commenced online registration for the 2023 Public Forum, themed “It is Time for Action,” scheduled to take place at the WTO headquarters in Geneva from September 12th to 15th. The organization has also initiated a call for proposals for the event. This year’s Public Forum will focus on how trade and the … Read more

The Importance of Agri-Commodity Payments at Port of Loading: Ensuring Fairness in International Trade

pexels laura c 9570326 scaled

The international trade of agricultural commodities involves complex transactions, with buyers and sellers negotiating various aspects, including payment terms and quality inspections. One critical aspect to consider is the timing and location of payments and inspections for agri-commodities. This article discusses the main reason why agri-commodity payments should be made at the port of loading … Read more

Oil Prices Plummet Amid Reduced Demand in China, Fed Rate Hike, and Global Market Shifts

pexels mareefe 1022385 scaled

Fed’s Interest Rate Hike Plans Impact Commodity Markets The US Federal Reserve’s plan to raise interest rates by 25 basis points above 5% to curb inflation is causing a ripple effect in stock and commodity markets, decreasing speculative demand and prices for oil and other commodities like grains and oilseeds. The move to increase interest … Read more

The Impact of International Trade on the US Pork Industry and Economy

pexels mark stebnicki 2737175 scaled

The Importance of International Trade for US Pork Producers In honor of World Trade Month, it is essential to understand the significance of international trade for US pork producers and the US economy. The National Pork Producers Council (NPPC) emphasizes that US pork farmers have built a global reputation for providing high-quality, safe, and affordable … Read more

Impact of Iraq’s Crude Production Decline on International Trade

pexels rian daud 14545803 scaled

Iraq’s April Crude Production Decline In April, Iraq experienced a significant 6% decline in crude production, with production dropping to 3.938 million barrels per day (bpd) from 4.2 million bpd in March. This decrease in production can be attributed to Turkey’s decision to halt Iraq’s 450,000 bpd of northern exports following an arbitration ruling by … Read more

Increasing Risks for US Businesses in China: A Closer Look at the Challenges in International Trade

pexels zhang kaiyv 683419 scaled

US Chamber of Commerce Raises Concerns The US Chamber of Commerce has recently issued a warning regarding the increasing uncertainties and risks for American businesses operating in China. With heightened scrutiny from Chinese authorities, American firms are finding it more challenging to navigate the complex landscape of international trade in the country. The chamber is … Read more

Verified by MonsterInsights