
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
Chinese sugar producers are actually hoping for a taste of win already next week. It’s because the country’s government is ready to deliver its verdict on sugar import duties. Moreover, the government enhances its crackdown on rampant smuggling, which occurs along ancient trade routes.
China's Commerce Ministry is expected to release its first ruling on a months-long investigation into raw as well as refined sugar imports on Monday. By the way, the authorities have already suggested hefty tariffs in a draft ruling.
An enormous lift in duties by the world's number one sugar importer would appear to be a devastating blow for top notch producers, including Brazil and Thailand.
Nevertheless, it would provide a much-required reprieve to millions of small farmers as well as state-owned producers, including Cofco Tunhe Co and Nanning Sugar Industry, who argue cheap imports have generated billions of dollars of losses and provoked output cuts.
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
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