Latest News for: Global commodity trading

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THALIA PETOUSIS: Why the commodity boom cannot be counted on to see us through tough times

Business Day 05 Oct 2022
The past 40 years of global order and Nato-enabled peacetime trade ... In part due to this trade disruption, global inflation has ventured into an inferno in 2022 — and taken a host of commodity prices along for the bumpy ride as price increases invariably feed each other.
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WTO sharply cuts global trade growth forecast for 2023 to 1%

Financial Express 05 Oct 2022
The World Trade Organization (WTO) on Wednesday slashed its global trade growth forecast for 2023, stating that elevated commodity prices and rising interest rates would curb import demand, and warned of a likely contraction if the conflict in Ukraine escalates ... “While trade ...
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World Bank cuts Ghana’s growth rate to 3.5% in 2022

Joy Online 05 Oct 2022
“In Ghana, the S&P Global Purchasing Managers Index (PMI) dropped from 48.8 in July to 45.9 in August 2022—the lowest reading in 28 months ...Economic growth continues to be supported by high commodity prices, global trade, and domestic demand ... slowing down of the global economy”.
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DMCC, Fresh Water Norway MoU aims to bring 1b litres of natural drinking water to Dubai

Khaleejtimes 04 Oct 2022
Fresh Water Norway will be able to avail in immediate terms of DMCC’s world-class services, global connections and network across supply chains, and unrivalled ability to drive trade flows through Dubai ... DMCC has continued to enhance Dubai’s status as a leading hub for global commodities trade.
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Analysis-Global metals volumes slide on recession fears, volatile markets

FX Empire 04 Oct 2022
Trading volumes of copper have tumbled by up to a third on global commodity exchanges so far this year, and those in most other industrial metals also slumped, with nickel hardest hit ... The dramatic decline is because the Shanghai contract has not established itself as a global ...
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Trafigura expands management committee, combines gas and power trading

Reuters 04 Oct 2022
LONDON, Oct 4 (Reuters) - Trafigura has appointed Richard Holtum as its global head of a newly combined gas and power division, the commodities trading firm ...
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Türkiye's exports up by 9.2 pct in Sept.

China.dot.org 04 Oct 2022
dollars in September, Trade Minister Mehmet Mus announced Tuesday ... The country's foreign trade deficit is widening amid a surge in the global price of commodities, which, along with the increasing inflation, threatens the government's economic program.
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How a Strong Dollar Affects Currencies and Commodities

Henry Herald 03 Oct 2022
First, a strong dollar often starts to depress global trade growth, as it is the invoicing currency of the world and holds the most purchasing power ... Global trade, supply disruptions, and climate-related events are areas that can amplify commodity price movements and their role in economic activity.
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DMCC wins Global Free Zone of the Year award

Gulf Daily News 03 Oct 2022
DMCC (Dubai Multi Commodities Centre) has been named Global Free Zone of the Year 2022 by the Financial Times’ fDi Magazine for the eighth consecutive year.  ... Enabling global commodities trade. DMCC has continued to enhance Dubai’s status as a leading hub for global commodities trade.
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DMCC AWARDED GLOBAL FREE ZONE OF THE YEAR FOR EIGHTH CONSECUTIVE YEAR

The Eastern Herald 03 Oct 2022
... of Dubai Authority on commodities trade and enterprise – has been named Global Free Zone of the Year 2022 by the for the eighth consecutive year ... Enabling global commodities trade. DMCC has continued to enhance Dubai’s status as a leading hub for global commodities trade.
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Dubai: DMCC named Global Free Zone of the Year 2022

Gulf News 03 Oct 2022
Dubai's DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – was named Global Free Zone of ... Enabling global commodities trade. DMCC has continued to enhance Dubai’s status as a leading hub for global commodities trade.
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Peso drops to new low of P59 vs dollar

The Manila Times 03 Oct 2022
"But global crude oil prices nevertheless lingered near 9-month lows or since early January 2022, together with the recent decline in other major global commodity prices that could lead to lower net imports/narrower trade deficits, additional rollback in local fuel pump prices ...
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How There Will Be Blood Explains the Crumbling Global Economy

New York Magazine 03 Oct 2022
The view from beyond our borders, however, has largely been even bleaker — so bad that the American economy is now viewed as an enviable bastion of strength amid a collapsing global system ... When other countries trade internationally, commodities are generally priced in dollars ... As that dynamic worsens, there starts to be a rise in global defaults.
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Ian McNulty: Inside the Louisiana Pepper Exchange, where dashes of heat flow by the ton

The Advocate 03 Oct 2022
20, 2022. (Photo by Sophia Germer, NOLA.com, The Times-Picayune ... 20, 2022 ... 20, 2022 ... The name Louisiana Pepper Exchange sounds like an old-fashioned commodities trading floor, though in reality it’s a specialized part of the global supply chain — one that imports, stores and ships different kinds of peppers, mostly in the form of pepper mash ... 20, 2022.
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Saudi coffee forum speakers brew up fresh thinking in sustainability

Arab News 02 Oct 2022
Currently coffee is considered the second-largest traded commodity in the world after oil, with the global coffee market value reaching $102 billion in 2020 ... The presence of potential in the Kingdom to be in the first place for the manufacture and trade of coffee with unique specifications, including the coffee fruit and its strategic location.

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