U s exports to korea

Rajendra Jadhav, Maximilian Heath and Nigel Hunt (Reuters) (The Jakarta Post) PREMIUM Mumbai, India/Buenos Aires/London   ● Tue, June 28 2022 It only took 24 hours last month for Prime Minister Narendra Modi's government in India -- the world's second-largest producer of wheat -- to shelve its plans to "feed the world". In April, Modi had said publicly that the world's most populous democracy was ready to fill part of the gap left by Ukraine in global grains markets by increasing its wheat exports, following five consecutive record harvests. India traditionally exports only a modest amount of wheat, retaining most of its crop for domestic consumption. On May 12, India's Ministry of Commerce and Industry said it was preparing to send delegations to nine countries to export a record 10 million tons of wheat this fiscal year -- sharply up the previous season. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and … [Read more...] about Food export bans risk fueling inflation

- A + A (June 27): Hong Kong’s exports surprisingly declined in May as trade with China continued to face disruptions from Covid and other global headwinds stalled momentum. Overall exports slid 1.4% last month from a year earlier, reversing April’s 1.1% gain, the Census and Statistics Department said Monday. Economists had expected an improvement of 4.3%. Imports rose 1.3% in May from a year earlier, also worse than economists’ forecast of a 4.8% expansion. The trade deficit was HK$36.7 billion (US$4.7 billion), worse than estimates and the fourth straight month the city has recorded a deficit. May’s decline in exports comes after an unexpected uptick improvement in April, when exports to China were still falling but not as severely as in March. This time around, trade with China fell 10.1%, worse than April’s 9.4% drop, the statistics bureau said. The decline in the value of exports was attributed to “increasing headwinds” faced by the global economy, the … [Read more...] about Hong Kong exports post surprise fall on China curbs, global woes

- A + A MUMBAI/BUENOS AIRES/LONDON (June 27): It only took 24 hours last month for Prime Minister Narendra Modi's government in India — the world's second-largest producer of wheat — to shelve its plans to "feed the world". In April, Modi had said publicly that the world's most populous democracy was ready to fill part of the gap left by Ukraine in global grains markets by increasing its wheat exports, following five consecutive record harvests. India traditionally exports only a modest amount of wheat, retaining most of its crop for domestic consumption. On May 12, India's Ministry of Commerce & Industry said it was preparing to send delegations to nine countries to export a record 10 million tonnes of wheat this fiscal year — sharply up the previous season. But a barrage of alarming data changed all that. First came a downward revision to India's wheat crop in early May as a sudden heatwave hammered yields. Then data on May 12 showed inflation in the nation … [Read more...] about Food export bans, from India to Argentina, risk fueling inflation

Divya Karyza (The Jakarta Post) PREMIUM Jakarta   ● Mon, June 27, 2022 The number of cold storage installations for the fishery sector is set to rise rapidly this year on increasing online orders for cool delivery and improving seafood production, but industry players need to anticipate rising installation costs. Cold Storage Association (ARPI) chairman Hasanuddin Yasni expects 32,000 tons of cold storage to be installed this year, up 50 percent from last year’s capacity increase, as the industry expands to accommodate growing production in the marine products and fishery sector. “New players that provide mini-middle cold storage have begun to emerge. This group is expected to provide 200 tons to 600 tons of cold storage,” Hasanuddin told The Jakarta Post on Thursday, adding that 60 percent of cold storage used in the fishery sector was for export purposes while the remaining 40 percent was used as a storage system to supply the domestic seafood processing … [Read more...] about Cold storage to grow 50% as fishery firms push for export markets

KUALA LUMPUR: Southern Cable Group Bhd is targeting higher overseas revenue in the financial year ending Dec 31, 2022 (FY22) on the back of improving regional demand in line with recovering economic activities. As at March 31, Southern Cable is slated to fulfil RM628.6mil worth of orders in hand over the next two years, of which overseas represent less than 1%. In a statement, the cable and wire manufacturer said it also hopes to penetrate into the United States market in the second half of 2022. Managing director Tung Eng Hai said the group is ready to support the improved economic activity, especially in the existing markets of Myanmar and Singapore, as they accelerate the pace of infrastructure and development projects. “Building on our strong track record in supplying power cables and wires, we are also undergoing final stages of testing and evaluation for our in-house developed XHHW-2 industrial cables for a customer in the US, for use in residential, commercial and … [Read more...] about Southern Cable targeting higher exports in FY22

Electricity meter on a building in Seoul on Monday. The government announced that it is raising utility rates, including the electricity rate, due to rising international energy prices and won falling against the dollar. [YONHAP] Electricity rates will increase by 5 won per kilowatt-hour from next month, the Ministry of Trade, Industry and Energy announced Monday. This is the sharpest increase since a new billing system went into effect in 2021. Gas rates will also be increasing, by 1.11 won per megajoule. The government has been forced to increase rates as oil prices increase globally and as the won falls against the dollar. Electricity is currently billed at 88.3 won ($0.07) per kilowatt hour for the first 200 kilowatt-hours per month, 182.9 won per kilowatt-hour for 201 to 400 kilowatt-hours and 275.6 won per kilowatt-hour above 400 kilowatt-hours. Gas is currently 15.88 won per megajoule. The changes are expected to hit households already struggling with high … [Read more...] about Electricity rates to increase by 5 won per kilowatt-hour

Cho Gue-sung, left, and Kwon Chang-hoon celebrate after Kwon scored for the Korean national team in a game against Egypt at Seoul World Cup Stadium in western Seoul on June 14. Both Cho and Kwon play for K League 1 side Gimcheon Sangmu. [YONHAP] The K League announced at the end of last week that it will add an additional international break to allow players to join the national team for the East Asian Football Federation (EAFF) E-1 Football Championship next month. The ninth edition of the EAFF E-1 Football Championship, which is typically played every two or three years, will take place in Japan from July 19 to July 27. The championship, which pits one qualifying team against Korea, Japan and China in a round robin tournament, is not played during an official FIFA international break, meaning that clubs are not required to release their players to compete. That means that Korean footballers playing overseas — like captain Son Heung-min of Tottenham Hotspur, forwards Hwang … [Read more...] about K League reshuffles games to create EAFF E-1 international break

Ji So-yun, center, fights for the ball during an international friendly against Canada at BMO Field in Toronto, Canada on Sunday. [NEWS1] The Korean women's football team on Sunday held Olympic champions Canada to a 0-0 draw at BMO Field in Toronto. The Taeguk Ladies, ranked at No. 18 on the FIFA world ranking, held off No. 6 Canada for 90 minutes despite the home side having a clear advantage in terms of possession and chances on goal. Canada controlled 67 percent of the ball and tested the Korean defense a huge 13 times, with four of those shots landing on target. Despite the non-stop offensive, goalkeeper Yoon Young-geul and a solid defensive lineup — including veteran defender Kim Hye-ri in her 100th appearance for the national team — held off the attack to prevent Canada from getting anything in the back of the net. Offense was more of a concern for Korea, with the Taeguk Ladies failing to get a single shot on target throughout the first half. Ji So-yun, the former … [Read more...] about Taeguk Ladies hold Olympic champions Canada to a 0-0 draw

Jeong Jae-hong The author is an international affairs and security editor of the JoongAng Ilbo. Gustavo Petro was elected president of Colombia on June 19. According to an analysis in the Washington Post, Columbia, ruled by right-wing politicians over 200 years, elected a left-wing president because the middle-class collapsed due to the Covid-19 pandemic and voters wanted the government to ease economic inequality. Brazil is scheduled to have a presidential election on October 2, and leftist former president Luiz Inácio Lula da Silva, commonly known as Lula, is getting over 50 percent of support. In addition to Mexico, Argentine, Chile, Peru and Columbia, another left-wing administration is about to launch in Brazil, too The left-wing wave in Latin America largely resulted from right-wing administrations’ failure to cope with the pandemic and the collapse of the middle class in the region. The middle class is the bastion of democracy. A country with a strong middle class … [Read more...] about A class above all others

- A + A KUALA LUMPUR (June 27): Bursa Malaysia closed broadly higher on Monday (June 27) on persistent buying interest mainly in technology and energy stocks, said an analyst. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.42 points to 1,438.12 from Friday's close of 1,436.7. The benchmark index, which opened 2.12 points higher at 1,438.82, fluctuated between 1,431.65 and 1,441.03 throughout the trading session. On the broader market, gainers beat losers 546 to 365, while 393 counters were unchanged, 1,004 untraded, and 55 others suspended. Total turnover expanded to 2.65 billion units worth RM1.43 billion from 2.46 billion units worth RM1.47 billion on Friday. Key regional markets also continued to trend higher following positive cues on Wall Street including the upbeat performance of the tech-heavy Nasdaq Composite last Friday. Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said the FBM KLCI, which ended 0.1% … [Read more...] about Bursa ends broadly higher