WRI Market Insights: The war in Ukraine will tighten lumber markets both short and long term, particularly in Europe but also in China and the US
The war in Ukraine will tighten lumber markets both short and long term, particularly in Europe but also in China and the US
Biden’s Russia sanctions coordinator to take leave of absence
Daleep Singh, the White House official who has spearheaded U.S. sanctions against Russia, plans to take a leave of absence, according to a person familiar…
US homebuilders urge Biden to help cut costs for market in ‘extreme duress’
The biggest U.S. housing industry group urged President Joe Biden to help reduce the cost of homebuilding, saying soaring prices and rising mortgage rates are…
EU proposes tariffs, quotas cut on Ukraine goods to aid economy
The European Union has proposed to temporarily remove all remaining tariffs and quota requirements on Ukrainian exports in an effort to bolster the war-torn nation’s…
US goods-trade gap soars to record, surpassing all estimates
The U.S. merchandise-trade deficit widened unexpectedly to a new record in March as the value of imports dwarfed that of outbound shipments, reflecting a surge…
U.K. ministers split over proposal to cut some food tariffs
(Bloomberg) -- U.K. ministers are split over proposals to slash some food tariffs in a bid to ease the country’s cost of living crisis, a…
Crop futures gain with export limits, weather straining supply
Crop prices gained as global vegetable-oil markets face increasingly strained supplies and wet, chilly weather delays North American plantings.
Indonesia adds to global food shock with widened palm export ban
Indonesia the world’s biggest edible oils shipper, will widen a export ban to include crude palm oil, adding to uncertainty in a market that’s suffered…
Palm oil rallies 10% as market prepares for Indonesia export ban
Palm oil jumped 10% while rival soybean oil hit a fresh record high as traders prepare for the start of Indonesia’s export halt.
Brexit drives rise in U.K. food prices and lifts cost of living
Brexit-related trade barriers have driven a 6% increase in U.K. food prices, adding to a squeeze on consumer spending power, according to a new report.
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