Lithuania Bans Russian and Belarusian Agricultural Imports Amid EU Restrictions
Lithuania has imposed a ban on the import of agricultural products and animal feed from Russia and Belarus, effective as of June 3, 2024. The ban covers a wide range…
Russian Proxy Allows Export of 34,000 Tonnes of Grain Worth €6 Million from Kherson Oblast
Russian proxy allowed Russian exporters to take 34,000 tonnes of grain worth €6 million out of Kherson Oblast. This significant move comes amid ongoing tensions between Russia and Ukraine over…
Global Avocado Market ‘Braced for Expansion’ as Exports Reach 3 Million Tonnes by 2025
The global avocado market is braced for expansion, with a recent Rabobank report forecasting significant growth in both production and trade. Global avocado exports are expected to surpass the 3m…
China Surpasses USA to Become India’s Largest Trading Partner in FY24, Says Volza
China has surpassed USA to become India’s largest trading partner in FY24, with a two-way commerce value of $118.4 billion. This significant shift in trade dynamics is attributed to a…
SE Asia Faces Shipping Crisis as Container Shortage Drives Freight Rates to Record High
SE Asia is currently facing a shipping crisis due to a container shortage, which has driven freight rates to record highs. The container shortage has been exacerbated by a reduction…
Allianz Trade Partners with Saudi EXIM Bank to Boost Non-Oil Exports to Saudi Arabia
Allianz Trade has partnered with Saudi EXIM Bank to boost non-oil exports to Saudi Arabia through an Initial Framework Agreement. This collaboration aims to bolster Saudi Arabia’s economic growth by…
India to Benefit from Over $4 Decline in Global Oil Prices
India is set to benefit from the decline in global oil prices, which has dropped by over USD 4 a barrel. This significant reduction in oil prices will have a…
Turkey’s Steel Exports Surge 49.4% Year-Over-Year in January-April Period
Turkey has seen a significant surge in steel exports, with a 49.4% year-over-year (y/y) increase in the January-April period. This growth is attributed to strong demand from key markets such…
Slower Start to Asian Onion Exports Amid Weather and Logistical Issues
Asian onion exports have experienced a slower start to the year, with exports from India, China, and Pakistan all below expectations. India, the world’s largest onion exporter, has seen exports…
Weaker Global Beef Production to Support Prices in Second Half of 2024
Weaker global beef production is expected to support prices in the second half of 2024, according to a recent report. Global beef production is anticipated to contract in the second…