EU extends steel safeguard by 3 years; industry welcomes move saying it provides long-term safety net

The European Union on Monday extended its steel safeguard, saying it will run from July 1, 2021 to June 30, 2024, with an automatic annual liberalisation of 3%. Eurofer (European Steel Association) welcomed the move and said the conditions that required the launch of the safeguard initially were still very much present – including global […]

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Global sugar production in 2021/22 seen up at 186 million tons on higher production in EU, India and Thailand – USDA

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Global sugar production in 2021/22 is forecast up 6 million tons to 186 million as higher production in the European Union, India, and Thailand will more than offset the decline in Brazil, the U.S. Department of Agriculture said in a report. Consumption is forecast to rise to a new record due to growth in markets […]

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Despite pandemic and military coup, firm boasts of trading Myanmar teak: EIA

Gold Teak Holding, a Singaporean company with operations in Myanmar and Italy, gave a flawless display of hubris last week when it posted a photo on its LinkedIn profile showing a container of timber with the caption “An other [sic] cargo carried out despite COVID-19 and #Myanmarcoup”, the Environmental Investigation Agency (EIA) reported.  The LinkedIn post photo available […]

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