Latest News for: Commodity imports

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Govt caps export of sugar to ensure stocks, steps in to cool edible oil prices

The Times of India 25 May 2022
While the import duty changes are likely ... The fresh reduction in import duty and agriculture development cess will bring further relief ... India imports around 60% of its edible oil requirement with the commodity being among the top contributors to retail inflation in recent months.
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Lebanese currency sinks to new record low

Suryaa 25 May 2022
Lebanese import companies, facing surging commodity prices in the global market, resorted to buying dollars from the black market to finance their business as commercial banks only supplied them with 20 per cent of the needed amounts, according to Moursel.
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Inflation forces desperate leaders to try and soften the blow

The Times of India 25 May 2022
It’s increased domestic production capacity in coal mining, boosted imports of commodities such as iron ore and released copper, zinc and aluminum from state reserves to slow price gains ... And to augment domestic availability of pulses, import restrictions on some commodities have been eased.
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Commodities Price Surge Hits Middle Eastern Importers

MENA FN 25 May 2022
(MENAFN - Brazil-Arab News Agency (ANBA)) S–o Paulo – Commodity prices have risen sharply and become a barrier for importers in the Middle East and North Africa (MENA) region, the International ... .
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Nigeria’s maize sufficiency quest: The Corteva Agriscience contribution

Business Day Online 25 May 2022
Maize is one of the most important agricultural commodities with an average local ...
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UN official says Ukraine-Russia conflict hurting performance of Africa's economy

People Daily 25 May 2022
Walid Badawi, the United Nations Development Programme (UNDP) resident representative in Kenya said that the crisis has resulted in the rising cost of basic commodities on the continent. "Many countries in Africa are net importers of food and rely heavily on exports of wheat from Russia and Ukraine ... Peng Yukai, Liang Jun). .
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Gold Prices Today Fall For The First Time In 6 Days, Silver Rates Drop | Mint

Live Mint 25 May 2022
Gold prices in India edged lower today tracking weak global cues ... dollar and as Treasury yields declined on subdued risk appetite," said Rahul Kalantri, VP Commodities, Mehta Equities Ltd. . “For gold, the $1867.22 level is an important obstacle to watch out for, and above the same it will test $1888-$1900 ...   .
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Takeaways from a trip to security-conscious Japan

Asiatimes 25 May 2022
... is making prices of imported energy and other commodities even costlier ... But there are signs that the consensus may be shifting, as the weak yen compounds the pressure felt by households, SMEs and purely domestic firms thanks to rising commodities, imported food and energy costs.
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Understanding Turkey's role in the Balkans

The New Arab 25 May 2022
Due to geographic proximity, history, deep cultural ties, and economics, the Balkans have been of particular interest to Turkey throughout the 21st century ... From Ankara’s vantage point, the two go together ... You don’t want to be dependent on a single supplier for one of your most important inputs or commodities on which your economic growth depends.”.
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1.68m tons of basic commodities imported in 2 months

Tehran Times 24 May 2022
TEHRAN- Iran’s Government Trading Corporation (GTC) has announced that 1.68 million tons of basic commodities has been imported to the country by this company during the first two months of the current Iranian calendar year (March 21-May 21) ... .
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Mideast, North Africa Commodity Importers Hit By Higher Prices - IMF

MENA FN 24 May 2022
(MENAFN - Kuwait News Agency (KUNA)) WASHINGTON, May 24 (KUNA) -- The International Monetary Fund (IMF) said Tuesday that 'the war in Ukraine and related sanctions have triggered a sharp increase ... .
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From Cars to Livestock: Here are Egypt’s Top 5 Imports

Egyptian Streets 24 May 2022
As Egypt is the world’s largest wheat importer, this national project aims to bridge the gap between production and import, maximize agricultural production, and ultimately achieve food security and self-sufficiency in strategic commodities ... wheat as a strategic commodity.
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Surge in commodity prices: G20 merchandise trade at new high in Q1

Anadolu Agency 24 May 2022
G20 exports increased 3.6% quarter-on-quarter to $4.6 trillion in January-March, while imports climbed 5.8% to $4.8 trillion, data showed. The growth was driven by surging commodity prices amid Russia's war on Ukraine and stringent COVID-19 containment measures in East Asia, the Paris-based group said in a statement.
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Inflation and high commodity prices to hit Mena oil importing countries, IMF says

The National 24 May 2022
Inflation and the Ukraine war-driven surge in commodity prices will take a significant economic toll on Middle East and North Africa oil-importing nations, the International Monetary Fund has said.
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MENA to face high inflation at 14% in 2022 on account of Russia-Ukraine war: IMF

Arab News 24 May 2022
For oil-importing countries, the agency marked down its projections, “as higher commodity prices add to the challenges stemming from elevated inflation and debt, tightening global financial conditions, uneven vaccination progress, and underlying fragilities and conflict in some countries.”.

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