Vietnam has said it will crack down on goods of Chinese origin illegally relabelled “Made in Vietnam” by exporters seeking to avoid the United States. President Donald Trump’s tariffs on Chinese imports, Reuters reports. admin
Saudi Arabia and Russia are on a collision course. On Friday, the International Energy Agency will publish its first forecast of oil market balances in 2020. The headline figures will probably show stockpiles rising next year if the OPEC+ producer group does not extend output cuts into a fourth year, Bloomberg reports. admin
Rosneft CEO Igor Sechin said that Iran’s oil output may fall by a further 10%-20% by the end of 2020, as US sanctions against it continue to hit production, Platts reported. admin
Gold imports by India grew 36% in May from a year earlier as jewellers and customers rushed to buy after prices declined to the lowest level this year, Bloomberg reported. admin
Indian farmers are likely to plant more basmati rice, maize, cotton, tur, urad and soyabean and less of moong and groundnut because of the price trend and export demand but they will take call after the government announces the minimum support price for this year’s kharif, or summer-sown crops, The Economic Times reported. admin
Australia is staring down the barrel of another lower-than-average winter crop, as ongoing dry weather hinders planting across the nation, according to Rabobank’s Australian 2019 Winter Crop Outlook. Although Western Australia bucked the nationwide trend last year by delivering a bumper 17.1 million-tonne crop, that is unlikely to be the case for the 2019/20 harvest […]
Soybeans may not seem all that useful in a war. Nonetheless, they’ve become China’s most important weapon in its ever-worsening trade conflict with the U.S. China, the world’s biggest buyer of the crop, has reportedly stopped purchasing any American soybeans in retaliation for the Trump administration raising tariffs on US$250 billion of Chinese goods. This […]
A team of Chinese scientists has developed a new process they say significantly reduces the time needed to extract rare earths from ore, and it could also cut industry pollution, the South China Morning Post reported. admin
The simplest supply measure is all the oil pulled out of the ground globally. On this view it does indeed look like global production has fallen sharply over the past six months, as the OPEC+ group of countries slashed supply, while the U.S. has toughened sanctions on the oil industries of Iran and Venezuela, Bloomberg […]
The US has hit China where it hurts by going after its telecom champion Huawei, but Beijing’s control of the global supply of rare earths used in smartphones and electric cars gives it a powerful weapon in their escalating tech war, AFP reports. admin
