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2023-07-18 00:00:00
Potatoes 2023: major concerns over production volumes
According to the NEPG, total potato production area in 2023 in Belgium, the Netherlands, France and Germany will increase by 2-3% y-o-y. However, concerns about this year's production level are
2023-07-18 00:00:00
Demand for apples continues to disappoint
At the beginning of June'23, apple stocks in Poland were 13.7% lower y-o-y (-20% y-o-y in May) and in EU countries by 23.4% (per WAPA), reported the publication Agro Navigator of Bank PKO BP.More.
2023-07-10 00:00:00
Reserve Bank of India's IDG wants to make the Indian rupee into a global currency
The IDG, headed by the Reserve Bank’s Executive Director Radha Shyam Ratho, wants invoicing and settling of international trade transactions in the Indian currency to increase its international
2023-07-07 00:00:00
Yuan firms as People's Bank of China pledges to stabilize currency
Yesterday, China's currency firmed against the dollar after the People's Bank of China offered more reassurances to markets worried by the currency's recent sharp falls. The Financial News, a
2023-07-05 00:00:00
South Africa’s Central Bank governor says single Africa currency is "impossible"
South Africa’s Central Bank governor Lesetja Kganyago has stated that adopting an African currency is unlikely to succeed as it is difficult to attain ‘macroeconomic convergence’. Kganyago
2023-06-30 00:00:00
Sweden’s krona hits record low as Central Bank plays down currency intervention
Yesterday, Sweden’s krona hit a new record low as the country’s Central Bank Sveriges Riksbank raised rates and played down the possibility of market interventions. After the Riksbank
2023-06-30 00:00:00
China stood back from supporting yuan for a third day
Chinese parties have stood back from supporting the yuan for a third day. This triggered a pullback, in a sign it may not yet be ready to draw a line in the sand for the weakening currency. The
2023-06-29 00:00:00
Drier Swedish summer causes lower volume of local outdoor grown melons
Sweden’s largest outdoor melon grower, Ingmar Nilsson, is seeing lower production volumes this 2023 summer due to very dry conditions. Although the second generation melon grower based in
2023-06-28 00:00:00
Swiss National Bank to start digital currency pilot
The Swiss National Bank is getting ready to issue a wholesale central bank digital currency (CBDC) on Switzerland's SIX digital exchange. It is part of a pilot project, which will start soon.. SNB
2023-06-20 00:00:00
Argentina uses more Yuan to pay for Chinese imports
Argentina has stepped up the use of the Chinese yuan to pay for imports from China, instead of using US Dollars. This is part of a currency swap deal with Beijing. This payment of currency in
2023-06-20 00:00:00
Deal eases strike at US West Coast port
Following intervention from the US authorities the US West Coast Port union strike was dissipated somewhat. This is despite a cargo hold-up worth US$5.2 billion. There was 10-day congestion delays
2023-06-09 00:00:00
How did Indian lemons end up in Australia?
There are four species of Macadamia, of which two are the most important nut producers, namely Macadamia integrifolia and M . tetraphylla. All species belong to the Proteaceae family, meaning they
2023-06-08 00:00:00
The annual gap in retail prices in Georgia has reduced significantly
EastFruit analyst note that consumer price levels drop to the National Bank’s target range in Georgia. After rising fast since 2019, the retail price growth has finally cooled down.
2023-06-07 00:00:00
The annual gap in retail prices in Georgia has reduced significantly – The trend is likely to continue throughout June
EastFruit analyst note that consumer price levels drop to the National Bank’s target range in Georgia. After rising fast since 2019, the retail price growth has finally cooled down. Data source:
2023-06-06 00:00:00
Russian terrorists destroyed horticulture of southern Ukraine overnight
It is with great regret that we must state that the Russian occupation army continues to commit crimes against humanity on the territory of Ukraine. During the flight of Russian troops to the
2023-05-31 00:00:00
Caprabo has announced plans to open five new supermarkets in Barcelona in June
Amazon: ‘Digital euro accelerates innovation’ Amazon is convinced of the added value of the digital euro, which the European Central Bank (ECB) aims to introduce. The company has built a
2023-05-31 00:00:00
DP World and Standard Bank partner to expand trade finance in Africa
Standard Bank, the largest bank in Africa by assets, has partnered with DP World, a global player in supply chain solutions, to offer trade finance solutions jointly with DP World Trade Finance.
2023-05-23 00:00:00
Italy: Floods likely to cause disastrous fruit harvest in Emilia-Romagna
14 people were killed in the KW 20 floods, 20 rivers burst their banks and thousands of hectares of particularly fertile farmland were inundated. "We are on our knees," Sergio Tardani, a
2023-05-23 00:00:00
Pakistan and Russia open direct shipping route
Pakistan is set to welcome the first container ship directly from Russia at Karachi Port on May 25. This will mark the opening of a new sea route for direct shipping service between Pakistan and
2023-05-09 00:00:00
Abundance of avocados expected to lower prices in Australia
Australian avocado producers are expected to have another bumper crop. This might be good news for consumers, as prices are expected to drop. Harvest of the popular Hass avocado has begun with
2023-05-09 00:00:00
Frozen strawberry imports. One country leads the way in supplying Poland
Author: Aneta Gwara-Tarczyńska 09 May 2023 10:52 Imported frozen strawberries account for an increasing share of the Polish market, even though Poland still remains a net exporter of these
2023-05-05 00:00:00
Reduced vegetable supply affects prices. Onions in March became 133 per cent more expensive.
The EU vegetable market is subject to clear supply constraints. According to AMI (following S&P Global), EU vegetable production in 2022 declined by 8%. Declines were recorded in all major
2023-05-04 00:00:00
Smaller exports of apples from Poland. On the positive side, one direction of sales
According to WAPA, apple stocks in Poland at the beginning of April'23 were 8.8% lower y/y. Sales of apples at the beginning of the year were still low, with nearly 9% less stocks liquidated in
2023-05-04 00:00:00
Polish apple juice concentrate exports are on the rise
According to the CSO, it increased by 15% y/y in July-February'23. However, taking into account increased imports (by a factor of two, largely due to purchases from Ukraine), the surplus in