Indonesia to suspend some palm oil export permits to secure domestic supplies
Indonesia will suspend some palm oil export permits to secure domestic supply amid rising cooking oil prices ahead of Islamic festivals, senior cabinet minister Luhut Pandjaitan said on his official Instagram account.He said palm oil exporters had accumulated large shipments quota from last year and they now had little incentives to supply the domestic market.Indonesia […]
NZ Dec. trade data: Exports NZD6.72bn (prior 6.68bn) & Imports NZD7.19bn (prior 8.54bn)
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Japan December Exports +11.5% y/y (expected +10.1%) Imports +20.6% (expected +22.4%)
Trade data from Japan for December 2022. Trade balance Y -1.44bn expected Y-1.65bn, prior Y-2.03bn for the year as a whole, the trade deficit is the highest ever at 19.97tln yen Exports +11.5% y/y expected +10.1%, prior +20.0% this is the 22nd consecutive monthly gain Imports +20.6% y/y more to come Exports to: the US […]
China Dec trade USD terms: Exports -9.9% y/y (expected -10.0%) Imports -7.5% (-9.8%)
Exports USD terms -9.9% y/y forecast was -11.1%, previous -8.7% Imports -7.5% y/y expected -9.8%, previous -10.6% Trade Balance USD 78bn surplus expected $76.20bn, prior $69.84bn – Yuan terms also … Exports -0.5% y/y Imports 2.2% y/y Trade Balance 550.1bn — For 2022 as a whole exports rose 4.3% and imports +10.5% ADVERTISEMENT – CONTINUE […]
Farmgate rates of eggs hit record-high
Farmgate prices of eggs in Namakkal surged to a record high of ₹5.65 a piece on Friday on buoyant exports, higher input costs and increased offtake in North India due to a cold wave sweeping the region. However, the rates dropped by 30 paise on Monday. On Sunday, prices zoomed to ₹6.15 in Kolkata and ₹6.06 […]
Iran has cut its gas exports to Turkey by 70% – network fault cited
Turkey’s state pipeline operator Botas issued a statement on Saturday. Says that a fault on the Iranian network side had decreased the volume of gas piped to Turkey as of January 1. Turkish authorities have requested Iran fix the issue as quickly as feasible. Iran is the second-largest gas supplier to Turkey after Russia. Weirdly, […]
Export cargo at Chennai airport grounded
Over 100 tonnes of export cargo could not be airlifted at the Chennai airport as the Bureau of Civil Aviation and Security withdrew permission for AI Airport Services Ltd. (AIASL) to accept palletised air cargo, said industry sources. The AIASL (formerly known as Air India Air Transport Services Limited) and the Airports Authority of India […]