Humble coconut oil turns into a luxury on rising demand, shrinking output
Prices of coconut oil are surging in Asia, where top consumer India leads the charge with a tripling in two years, as supply shortages and booming demand for the nutrient-rich water enclosed within turn the kitchen staple into a premium product, reports Reuters.The edible oil is slipping out of the...
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China says 'rampant' US protectionism threatens agricultural ties
BEIJING, Aug 24 (Reuters): US protectionism is undermining agricultural cooperation with China, Beijing's ambassador to Washington said, warning that farmers should not bear the price of the trade war between the world's two largest economies."It goes without saying that protectionism is rampant, casting a shadow over China-US agricultural cooperation," said...
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US tariffs behind surge in global arabica prices
SAO PAULO, Aug 24 (Reuters): The global arabica coffee market has surged in August with prices gaining more than 30 per cent on the ICE exchange, driven mainly by steep tariff hikes from the United States, the head of Brazil's coffee exporters council, Cecafe, said on Friday.The 50 per cent...
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WTO backs Indonesia in biodiesel dispute with EU
GENEVA, Aug 24 (Reuters): A World Trade Organization panel backed Indonesia on several key claims in its complaint over countervailing duties imposed by the European Union on biodiesel imports originating in the country, a copy of the ruling showed on Friday.Indonesia brought the dispute to the WTO in 2023, alleging...
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