Importers

Market liberalization is not enough to lower food prices

Liberalizing the entry of agricultural products into the country is not enough to lower food prices, an economist said, adding that the government should support small and medium importers to promote competition. B-SAFE project leader Winrock International and University of the Philippines economist Ramon Clarete said at a virtual forum hosted by the Philippine Competition Commission (CPC) and the Association ...

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Government lacks political will to operationalize the Komenda sugar factory – Former member of the board of directors

The government headed by President Nana Addo Dankwa Akufo-Addo lacks the political will to operationalize the former Komenda sugar factory in the Komenda-Edina-Eguafo-Abrem municipality of the central region. Mr. Ransford Chatman Vanni-Amoah, former Secretary of the Board of the Komenda Sugar Factory said that the non-functioning of the factory was a ploy to thwart the presidential ambition of Mr. John ...

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Provide finance to supply chains

Recently, new forms of supply chain finance such as reverse factoring have emerged as cheaper alternatives to traditional letters of credit and factoring in international trade finance. The key innovation of reverse factoring is that in reverse factoring transactions, a large creditworthy importer (eg, Walmart) initiates its own program with its international bank (eg, Bank of America). The international bank ...

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Sri Lankan rupee parallel markets diverge and bonds stagnate

ECONOMYNEXT – The Sri Lankan Rupee was largely inactive in the forex market with the official selling rate for importers around 203 and the parallel market diverged slightly with the market falling from previous highs, market participants said . In the interbank market, direct trades are rare and there are usually offers at 199.90 without offers, although the swap market ...

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Shipping carriers push back White House price controls

File image courtesy of World Shipping Council Posted on Jul 12, 2021 1:17 AM by The maritime executive Shipping carriers are pushing back White House pressure to examine the pricing power in the container shipping industry. Last week, as part of a broad executive order targeting anti-competitive business practices, the Biden administration called on the Federal Maritime Commission to use ...

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CBOT agricultural futures drop in rain forecast

Chicago, July 10 (Xinhua) – CBOT agriculture futures fell last week and corn is one of the main factors driving prices down, Chicago-based research firm AgResource said. However, AgResource remains bullish as the expanding variant of COVID-19 raises concerns about the recovery of emerging markets. CBOT corn futures prices fell sharply due to heavy rains last weekend in Iowa and ...

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CSIC concerned about the closing of the caisses – Journal

PESHAWAR: The Sarhad Chamber of Commerce and Industry expressed concern over the closure of ATMs and insisted that the government’s hasty decision without consulting trade bodies would severely affect Pakistan-Afghanistan trade and exports regional. The issue was discussed at a meeting chaired by SCCI President Sherbaz Bilour and attended by traders, exporters and importers in the House Chamber here on ...

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In crisis, Lebanon begs for foreign aid

July 10, 2021 LEBANON IS “a few days” away from a “social explosion”. This is what Hassan Diab, the interim prime minister, said on July 6. The country is plunged into a crisis that has seen the value of the local currency plummet and many of the population run out of food, fuel and medicine. “I call on the kings, ...

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