The International Monetary Fund (IMF) has revised its global economic growth forecast lower at 3.6% this year and the next due to the war in Ukraine and new bottlenecks in supply chains due to Covid-related lockdowns in China. “Compared to our January forecast, we have revised our projection for global growth downwards to 3.6 percent […]
The conflict between Russia and Ukraine is a major blow to the global economy that will hurt growth and raise prices, the International Monetary Fund analysts said in a blog. They said impacts will flow through three main channels. One, higher prices for commodities like food and energy will push up inflation further, in turn […]
The Russian invasion of Ukraine has the potential to establish a new commodity world order that tilts reliable supply toward North America, Bloomberg Intelligence said in a research note. Analyst Mike McGlone argues that should oil and gas prices continue to spike amid the increased geopolitical tension, it could very well be the catalyst for […]
Credit buffers among APAC nations to withstand risks from high commodity prices are generally strong, but have been eroded during Covid-19, Fitch Ratings said in a report. “The impact of energy-market turmoil following the Russia/Ukraine conflict differs significantly per sovereign, but on the whole is likely to be a headwind for the region. Risks are […]
U.S. lawmakers have said they are devising the “mother of all sanctions” against Russia as a method of defending Ukraine that would be “crippling to [the Russian] economy.” The 5 key commodities likely to be hardest hit are: #1. Aluminum Russia accounts for approximately 6% of global aluminum supply. While China is the world’s biggest aluminum producer, […]
India signed its first free trade agreement (FTA) in over a decade, as it signed the Comprehensive Economic Partnership Agreement (CEPA) with the UAE. Both countries have pledged to boost bilateral trade to $ 100 billion in five years, from about $ 60 billion now. India will gain greater duty-free market access in many labour-intensive […]
Several commodity markets are starting to price in some geopolitical risk around the growing tension between Russia and Ukraine. There is still plenty of uncertainty over how the situation will evolve, but it is still worthwhile to look at what the potential impact could be should tension boil over into a conflict. A scenario where […]
Iron ore prices fell this week on signs of continuing economic weakness in China. The drop came despite a surprise easing of monetary policy by the Chinese central bank and also weighed on other Dalian steelmaking inputs and steel futures in Shanghai. According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were […]
Agritech startup Pepper Farms has raised $ 1 million (around Rs 7.39 crore) from investors to grow its business. The startup helps farmers organise vegetable production lifecycle starting with plantations until harvest and sales. In a statement, Pepper Farms said it has secured $ 1 million in a seed funding round led by AxilorVentures and […]
Markets watchdog Sebi has banned the launch of new derivative contracts of crude palm oil, moong, wheat and few other agricultural commodities with immediate effect amid rising inflation. For running contracts, no new position will be allowed to be taken and only squaring up of positions will be allowed. The directions will be applicable for […]
