Indian Rupee Hits Six-Week High Following Fed Rate Cut Amid Increased Dollar Demand
The Indian rupee has risen to a six-week high, trading at 83.70 against the US dollar, following the Federal Reserve’s unexpected 50 basis point rate cut. This development has weakened…
Iraq Plans to Begin Gas Exports by 2030, Aiming for Energy Independence
Iraq plans to commence gas exports by 2030 as part of its strategy to develop its natural gas sector. The Iraqi government aims to enhance its processing capacity and reduce…
US Agricultural Trade Delegation Seeks Cooperation Opportunities in Vietnam
The agricultural sector in Vietnam presents significant opportunities for increased collaboration with the United States, driven by the country’s robust economic growth and expanding middle class. In 2023, the U.S.…
Brazil Aims to Boost Cotton Exports to India Amid Growing Demand
Brazil is actively pursuing an expansion of its cotton exports to India, engaging in discussions with the Indian government to secure an import quota that would exempt Brazilian cotton from…
Peru’s Avocado Sector Faces Production Decline and Smaller Fruit Sizes Amid Weather Challenges
Peru’s avocado sector is grappling with significant challenges this season, including an anticipated 25% to 30% drop in production due to adverse weather conditions exacerbated by the El Niño phenomenon.…
Taiwan and Hungary Deny Manufacturing Explosive Pagers Linked to Hezbollah Attacks in Lebanon
Taiwanese officials have confirmed that there are no records of local company Gold Apollo exporting pagers to Lebanon, following reports of explosions involving these devices. The Ministry of Economic Affairs…
Australia to Ban Importation of Engineered Stone Linked to Silicosis Starting January 1, 2025
The Australian government has announced a ban on the importation of engineered stone, including benchtops, slabs, and panels, effective January 1, 2025. This decision follows growing concerns about the health…
RFA Calls for Tighter Regulations on Imported UCO and Tallow, Seeks Update on EPA Feedstock Audits
The Renewable Fuels Association (RFA) has called on the U.S. Environmental Protection Agency (EPA) for an update regarding its audits of biofuel feedstock imports, specifically focusing on used cooking oil…
UK Agri-Food Trade Faces ‘Marked Declines’ Post-Brexit, Urgent Policy Changes Needed, Reports Aston University
A recent report from Aston University highlights significant declines in the UK’s agri-food trade post-Brexit, revealing a 27% drop in exports and a 32% reduction in imports from the EU…
India’s Diamond Sector Faces Severe Crisis: Factory Closures and Job Losses Amid Declining Imports and Exports
India’s diamond sector is facing a severe crisis marked by significant factory closures and job losses, according to the Global Trade Research Initiative (GTRI). The industry has experienced a sharp…