India announces import tariff changes to certain commodities

India’s finance ministry said it was amending import tariff on commodities such as palm oil, gold and areca nuts as mentioned in the Customs Act 1962.  In the said notification, for TABLE-1, TABLE-2, and TABLE-3 the following Tables shall be substituted namely: – TABLE-1 Sl. No. Chapter/ heading/ sub-heading/tariff item Description of goods Tariff value (US $Per Metric […]

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Oman decides to invest $120 million in Spanish uranium mine deal with Berkeley Energia

Gulf states seem to be shaking off their dependence on oil. The sovereign wealth fund of the Sultanate of Oman, has an option to acquire 37 per cent of Berkeley Energia, a London and Australia-listed company which is developing the Salamanca mine west of Madrid. Oman has agreed to invest up to $120 million in […]

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China slowdown affecting global agriculture commodities: RaboBank

Many developments in China, including the economic slowdown, have had an impact on the global markets for agricultural products, says Rabobank’s Food & Agribusiness Research department. “The stock market developments have led the prices for commodities which are imported in China, to decrease substantially. Financial investors are shifting money around and financial investors are looking […]

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We are not the only hot spot

The dry conditions in Northern Europe that has already been trimming forecasts for production in France, but it would appear there has been an even larger issue in Southern Europe. Both Italy and Spain have been experiencing severe drought, and it is already estimated that cereal grain production could be the lowest in the past […]

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