Deforestation last year rose to the highest level since 2015 in Brazil’s Cerrado, prompting scientists on Monday to raise alarm over the state of one of the world’s most species-rich savanna.
The Canadian government on Tuesday launched a challenge against American duties on Canadian softwood lumber under the terms of the USMCA trade deal, Canadian Trade Minister Mary Ng said in a statement.
Hurricane-force winds that raked the U.S. Plains belt last week appeared to cause varying degrees of damage to a winter wheat crop that was already struggling with dry conditions, Kansas crop observers said.
Trade volume slipped between July-September due to supply chain disruptions, shortages of production inputs and rising COVID-19 cases, the WTO said in a statement on its website.
China will raise import tariffs on most pork products next year, the finance ministry said on Wednesday, after the world’s top producer rapidly expanded domestic production and reduced its needs for imports.
Saudi Arabia’s energy minister said on Monday that oil markets could face a dangerous period as reduced investments in exploration and drilling threaten to cut crude production by 30 million barrels per day by 2030.
Farmers have asked the DOJ to investigate whether recent spikes in fertilizer prices are attributable to market manipulation by fertilizer companies, according to a letter sent by the Family Farm Action Alliance.
Oil prices were on track for their biggest weekly gain since late August, with market sentiment buoyed by easing concerns over the Omicron coronavirus variant’s impact on global economic growth and fuel demand.
Global demand has been stable even as shrinking supplies have pushed prices to multiyear highs, but recent shortfalls in some U.S. exports are an example of how U.S. products are priced out of the market when costs soar.
President Biden planned to meet with chief executives of major retailers and companies to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.
