Brazil’s farmers dump sugar for soy as trade war boosts Chinese demand

Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields. He looked at global trends, including rising U.S.-China trade tensions and a stubborn sugar-market glut. Then he tore up the last of his cane fields and ditched a decades-old supply contract with a local sugar mill. Lopes planted soybeans across
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China’s threats of new tariffs on $60 billion worth of U.S. imports will create shifts in the energy market, as American liquefied natural gas makes the list of goods Beijing will target, analysts said. The move to include LNG raised eyebrows as China had previously held back at including the fuel on the list of
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The combined profits of Chinese steel makers surged in the first half of 2018 on strong demand, industry association data showed Wednesday. In the first half, profits of about 380 steel makers stood at 139.27 billion yuan (about 20.5 billion U.S. dollars), up 151.15 percent year on year, according to the China Iron and Steel
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China imported 146 million mt of coal and lignite in the first half of 2018, up 9.9% from the previous year and a three-year high, according to preliminary data released Friday by the General Administration of Customs. In June China imported 25.5 million mt of coal, up 17.9% on the year and 14% on the
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Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc (WMT.N) and Amazon.com (AMZN.O) face uncertainty due to U.S. President Donald
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There has been a structural increase in LNG import demand into China. There was a gradual increase in demand from the start of 2016 through the middle of 2017. From 2017 through to the present the contribution of global ton mile demand coming from Chinese imports has outweighed that created by South Korea. Imports are
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In order to provide a level playing field to domestic players and guard them against below-cost imports, the government may impose anti-dumping duty of up to $ 528 per tonne for 5 years on ‘High Tenacity Polyester Yarn’, a Chinese polyester yarn used in automobile and other industries, it is understood. The anti-dumping duty has
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Tirupur Exporters’ Association (TEA) has stressed the need to enter into Free Trade Agreements (FTA) with European Union, USA, the UK and Russia, to face the Chinese threat in export markets. In a memorandum submitted to Union Textile minister, Smriti Irani in New Delhi, the association said though garment exports from China had been declining
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 The global economy appeared to be ticking along in the first quarter, with cargo throughput at all Major Ports rising by 3.4% from the first quarter of 2018, according to the Shanghai International Shipping Institute’s (SISI) latest Global Port Development Report for Q1 2018. However, throughput growth at Chinese Ports slowed down, falling 4.1 percentage
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At the ‘Summit of Bruges’ last month, Port of Zeebrugge announced the investment by Shanghai Lingang Economic Development Group in the Maritime Logistic Zone, to establish a service and distribution park. Under the name ‘One park, two centers China/Europe’, Lingang signed an agreement of 85.3 million euros to establish a 30 ha logistics park. The
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