The Argentinian foreign trade is facing severe hardships as shipping companies are now charging freights at the source due to a new scheme imposed by the country’s Central Bank. This change is leading to increased costs, endangering the competitiveness of exports, and potentially triggering a wave of layoffs in the logistics sector. Central Bank’s New … Read more
Rethinking the 2022/23 Soybean Market Forecast The United States Department of Agriculture (USDA) experts have made some adjustments in their May report for the Fiscal Year (FY) 2022/23 soybean production and ending stock forecasts. The slight increase in these figures is expected to exert additional pressure on the market quotes in the new season. The … Read more
Wheat prices on global exchanges have seen an uptick of 2-4% at the start of the week, defying the bearish USDA report. The surge can be attributed to the delayed planting and poor state of crops in the United States’ primary agricultural regions, potentially leading to a lower harvest compared to the previous year. U.S. … Read more
Increased Global Sunflower Production According to recent forecasts from the United States Department of Agriculture (USDA), global production of oilseeds, including sunflowers, is set to grow by 7% in the 2023/24 season. This increase is primarily attributed to significant production booms in soybeans in South America and sunflowers in the European Union, Ukraine, and the … Read more
The Russian Federation’s Disruption of the Grain Agreement The ongoing grain agreement dispute, primarily involving Russia and Ukraine, is revealing a significant power play in the realm of international trade. According to Ukraine’s Permanent Representative at the UN, Serhiy Kyslytsia, Russia has been manipulating the situation to its advantage, alleging that the grain agreement is … Read more
As the world grapples with overfishing and depleting fish stocks, a global effort is underway to protect our oceans. The Agreement on Fisheries Subsidies is a significant stride towards healthier oceans and sustainable fishing practices, with the United Arab Emirates (UAE) recently becoming the seventh member of the World Trade Organization (WTO) to formally accept … Read more
Trade relations between the United States and China have been a subject of global interest for several decades. The recent legislation on higher tariffs on Chinese imports, known as the ‘Raising Tariffs on Imports from China Act,’ introduced by Senator Josh Hawley, seeks to reduce the U.S. trade deficit. This article examines the implications of … Read more
China’s Trade Performance amidst Global Challenges Despite a myriad of internal and external pressures, China’s foreign trade has demonstrated an unexpected resilience in the initial four months of 2023. Aided by a resurgence of demand stemming from the aftermath of the COVID-19 pandemic and the steep upswing in replenishment needs from international retailers, China’s imports … Read more
The Evolving Global Trade Landscape The global trade landscape has been rapidly evolving, influenced by a multitude of factors such as geopolitical shifts, technological advancements, and recent global events like the COVID-19 pandemic. This has led to a shift in traditional trade relations and the forging of new alliances and partnerships. The United States, for … Read more
The US dollar has been the world’s primary reserve currency since the end of the Second World War, a position that has remained unchallenged even as political and economic landscapes shifted. Today, however, emerging trends indicate that this supremacy might be facing a contest. The Unwavering Dominance of the US Dollar The US dollar’s prominence … Read more