China is currently Singapore’s third largest trading partner, the second largest source of tourist arrivals, and top investment destination.
Some 19.3 million head of lamb are expected to be exported, a drop of 7.7% compared to last season. Despite the lower volume of lambs, higher prices will see export receipts for the season total around $2.6 billion.
The company, which employs 2,400 people in the region has evacuated its 25 expatriate employees on private planes and asked its local employees to stay home.
Minute Maid Pulpy was launched nationally in China in 2005, and is now available in 18 markets across three continents including Indonesia, Taiwan, Philippines, Thailand and India.
The US Department of Agriculture (USDA) has said it expects the Consumer Price Index to rise by 2 to 3% in 2011, ending a period of near-stagnant food price inflation over the past two years, according to FoodNavigator-US.com.
The report cited Clarkson Plc, the world’s biggest shipbroker, saying a total of 38 capesizes, carriers three times the size of the Statue of Liberty, will be demolished this year.
China will permit designated banks to trade yuan/foreign currency swaps on behalf of their clients from March 1, according to a Reuters report quoting the country’s foreign exchange regulator.
UAE demand for handsets is said to be topping 3.5 million units annually, 25% of which are re-exported to Africa, Iran and the Levant, according to GulfNews.com.
A new multi-recyclable food packaging design is set to hit British supermarket shelves, according to Packaging International’s website.
Sugar futures surged to a 30-year high on mounting concern that global supplies will trail demand following crop damage in Australia and India, two of the world’s leading producers, according to the Sydney Morning Herald.
Plans have been announced to set up a facility to produce 36,000 high-quality Arabian lambs a year for the Bahrain market, according to Trade Arabia News Service.
The service will be a rival to traditional money transfer operators like Western Union (WU.N) and MoneyGram initially, but could replace credit cards in the future.
Under the programme, qualifying companies will get the opportunity to develop their ideas into prototypes and proofs of concept utilising IRL’s world-leading science and engineering expertise. The firm will contribute 50% of the total project funding with IRL matching their contributions dollar for dollar.
China and Switzerland formally launched bilateral talks on a free trade last week, according to People’s Daily News.
Pipfruit NZ chief executive Peter Beaven says apple exporters expect to have more than 17 million cartons to sell this year.
According to a Datamonitor study: Other Savoury Snacks in the BRIC (Brazil, Russia, India, China) Countries – Market Overview and Forecasts to 2014, India will be the most lucrative destination in terms of revenue and volume growth over the forecast period.
Europe’s ban on shipping conferences has led to greater rate volatility, costs and supply chain instability but the true impact of this ban cannot be determined due to the impact from the global economic downturn, according to the Shipping Gazette citing the American Shipper.
“There is a move towards the liberalisation of the supply of grain, but that will be phased in over the medium term … maybe over five years at least,” said Abd Elaziz Ellili, a departmental chief at the agency, l’Office des Cereales was quoted saying.
Saudi Arabia says it plans to spend 580 billion riyals (NZD$208 billion) in 2011 as it invests in education and infrastructure to spur growth in the top oil exporter, according to GulfNews.com.
The report cited Clarkson Plc, the world’s biggest shipbroker, saying a total of 38 capesizes, carriers three times the size of the Statue of Liberty, will be demolished this year.
China and Switzerland formally launched bilateral talks on a free trade last week, according to People’s Daily News.
Europe’s ban on shipping conferences has led to greater rate volatility, costs and supply chain instability but the true impact of this ban cannot be determined due to the impact from the global economic downturn, according to the Shipping Gazette citing the American Shipper.
