News
Wim’s News – India’s sugar export may decline 28.57% next season
According to a senior food ministry official, India’s sugar exports are likely to decline by 28.57 tonnes to around 8 million tonnes in the 2022-23 season due to lower opening balance stock and higher diversion for ethanol. Once the sugarcane crushing operation begins, the
Wim’s News – Reductions in production at European aluminium smelters impact China’s primary aluminium imports
SHANGHAI, Aug 25 (SMM) – Chinese imports of primary aluminium in July 2022 totaled 51,037.4 mt, an increase of 79.1% over the same month last year and a decline of 72% from the same period the year before. There were 248,273.2 mt of primary
Wim’s News – UK companies benefit from post-Brexit pound slump through online exports
Since the UK voted to leave the EU in June, British companies have seen a surge in international sales. In response to the post-Brexit slump in the value of the pound, PayPal reported that small and medium-sized businesses (SMEs) in the UK saw international
Wim’s News – Over 300 items are being suspended by Sri Lanka due to a soft-peg crisis
Since Wednesday, Sri Lanka has temporarily suspended the import of over 300 ‘non-essential’ items amid the soft-peg crisis. Under the Import and Export Control Act, the gazette was signed by President Ranil Wickremesinghe as Finance Minister. Cosmetics, electrical goods, watercraft, ships, aircraft, electrical and
Wim’s News – A hydrogen deal has been signed between Germany and Canada
A deal was signed on Tuesday between German Chancellor Olaf Scholz and Canadian Prime Minister Justin Trudeau for Germany to import Canadian green hydrogen. In Stephenville, Newfoundland, the two leaders signed the deal. Delivery is expected within three years. The two heads of government
Wim’s News – US trade representative team visits India to advance talks for bilateral Trade Policy Forum
The United States Trade Representative (USTR) is visiting India this week to discuss the bilateral Trade Policy Forum (TPF). Christopher Wilson, Assistant USTR for Central and South Asian Affairs, and Julie Callahan, Assistant USTR for Agricultural Affairs, will be in New Delhi this week.
Wim’s News – US demand to lift India’s lab-made diamond exports to $8 billion
Laboratory-made gems are becoming increasingly accepted in other markets as demand from the US surges and India cuts or polishes 90% of the diamonds sold in the world. Exports of polished lab-grown diamonds may double in the current financial year from $1.3 billion in
Wim’s News – Conflict in South China Sea would threaten 90% of Australia’s fuel imports
In the event of a major disruption, the country would run out within two months. Five ways to reduce vulnerability In light of China’s saber-rattling about Taiwan, Australia should be prepared for conflict in the South China Sea. China is increasingly capable of disrupting