Export price – Tarocchi Amore http://tarocchiamore.net/ Mon, 08 Nov 2021 17:57:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tarocchiamore.net/wp-content/uploads/2021/08/default.png Export price – Tarocchi Amore http://tarocchiamore.net/ 32 32 Gazprom sees export price hike as Europe’s energy crisis worsens https://tarocchiamore.net/gazprom-sees-export-price-hike-as-europes-energy-crisis-worsens/ https://tarocchiamore.net/gazprom-sees-export-price-hike-as-europes-energy-crisis-worsens/#respond Fri, 08 Oct 2021 07:00:00 +0000 https://tarocchiamore.net/gazprom-sees-export-price-hike-as-europes-energy-crisis-worsens/ (Bloomberg) – Gazprom PJSC has raised its 2021 price forecast for natural gas exports, while being cautious about the volumes it could ship, as the energy crisis in Europe worsens. The Russian gas giant, Europe’s largest supplier of fuel, recalled that building up stocks at home was its top priority. It was only after filling […]]]>

(Bloomberg) – Gazprom PJSC has raised its 2021 price forecast for natural gas exports, while being cautious about the volumes it could ship, as the energy crisis in Europe worsens.

The Russian gas giant, Europe’s largest supplier of fuel, recalled that building up stocks at home was its top priority. It was only after filling its own storage facilities by the end of October that the company would consider a potential increase in exports to mainland Europe, Wood & Co. and BCS Global Markets wrote in separate notes on Friday. following a webinar with Gazprom executives.

Gazprom has raised its full-year gas price forecast for exports to Europe and Turkey to a range of $ 295 to $ 330 per 1,000 cubic meters, wrote Ildar Davletshin, head of the Russian research at Wood & Co. Mitch Jennings, senior analyst in Moscow. based at Sova Capital, also described the same price range. Gazprom’s revised outlook for average prices in the region is good news for the company’s investors, as it indicates higher dividends may be ahead.

Wood & Co. and Sova Capital also say Gazprom is sticking to its conservative estimate of gas supplies to Europe and Turkey for the full year, estimated at 183 billion cubic meters.

Gazprom did not immediately respond to a Bloomberg request for comment sent out of normal business hours.

Supply Attention

The energy crisis sweeping across Europe, due to the scarcity of supply exhausted by the rebound in demand, threatens to hamper the region’s economic recovery by driving up business costs and household bills and driving up inflation. As a result, Gazprom’s caution on shipments could disappoint some traders and policymakers hoping for an immediate increase in supply.

Russian President Vladimir Putin suggested on Wednesday that the country’s exports to Europe could hit a record high in 2021, but would not specify specific volumes or when the ramp-up could begin.

Read also: Russia proposes to alleviate the gas crisis in Europe, with conditions

It is not uncommon for Gazprom to offer cautious supply prospects, as its sales are highly dependent on the weather, both in Russia and abroad. However, the company has been careful to reiterate in recent days that it is fulfilling all of its contractual obligations and will aim to boost exports where possible.

Analysts say Gazprom views longer-term contracts and longer-term pricing as a tool that would help Europe mitigate the impact of extreme volatility.

Jennings of Sova Capital said the company may consider reverting the price of gas to oil in some contracts “because buyers might want less price volatility.”

Meanwhile, the gas rally in Europe is already signaling a record dividend for Gazprom. Earlier this year, BCS predicted that the gas giant’s payments in 2021 could exceed 40 rubles (56 cents) per share, more than double the record dividends of 2018.

© 2021 Bloomberg LP


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The export price of ginger to Europe has fallen by around 30-40% compared to the same period last year https://tarocchiamore.net/the-export-price-of-ginger-to-europe-has-fallen-by-around-30-40-compared-to-the-same-period-last-year/ https://tarocchiamore.net/the-export-price-of-ginger-to-europe-has-fallen-by-around-30-40-compared-to-the-same-period-last-year/#respond Wed, 29 Sep 2021 12:32:23 +0000 https://tarocchiamore.net/the-export-price-of-ginger-to-europe-has-fallen-by-around-30-40-compared-to-the-same-period-last-year/ Around the Mid-Autumn Festival, the ginger export market ushered in a wave of rising prices. The main reason for this is that markets such as Europe have started to place orders for ginger for the new season, and as a result many processing factories have started to actively buy ginger, which to some extent has […]]]>

Around the Mid-Autumn Festival, the ginger export market ushered in a wave of rising prices. The main reason for this is that markets such as Europe have started to place orders for ginger for the new season, and as a result many processing factories have started to actively buy ginger, which to some extent has favored the increase in export prices. Chinese National Day will come next week. Customers are expected to arrange orders and deliver goods in advance, but this will not result in increased purchases.

“At this point, the arrival price of ginger sent to Europe is around US $ 1,700-1,800 per tonne. This price is about 30-40% lower than the US $ 2,400-2,500 per tonne at the same time last year. The drop price has some relation to the changes in demand in the domestic and foreign markets. In addition, some overseas ginger is cheaper and the quality is stable this season, among which Brazilian ginger is the best representative. With many overseas customers buying Brazilian ginger specifically, the current large amount of ginger in the domestic market in China has ultimately led to lower prices, ”said Jason Wang of Anqiu Tailai Foods Co., Ltd. in an interview with FreshPlaza.

Jason added, “The most volatile shipping factor right now is the cost of ocean freight. Although some shipping companies announced the suspension of shipping charges some time ago, this part of the effect has not yet appeared. On the contrary, many freight forwarders have said that the upward trend in freight costs will not stop in the short term, and a new wave of increases is likely to occur from mid to late October. As we all know, the congestion in American ports is still very serious. the cost of transportation to the shipping company, and the shipping company is likely to pass the cost to the sender out of disarray. Therefore, I think if congestion continues to increase, ocean freight rates are likely to continue to increase. “

For more information:

Jason Wang – Sales Director

Anqiu Tailai Foods Co., Ltd

http://www.tailaifoods.com

Jason@tailaifoods.com


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Chinese garlic export price increased 45% from last year https://tarocchiamore.net/chinese-garlic-export-price-increased-45-from-last-year/ https://tarocchiamore.net/chinese-garlic-export-price-increased-45-from-last-year/#respond Fri, 24 Sep 2021 12:33:58 +0000 https://tarocchiamore.net/chinese-garlic-export-price-increased-45-from-last-year/ “Chilled garlic entered the market in September. The overall price remained stable for most of the month, but started to increase around the Mid-Autumn Festival. [21 September, 2021]. The proportion of garlic kept cold in the garlic market continues to grow every day. There is more than enough garlic in storage. The overall export price […]]]>

“Chilled garlic entered the market in September. The overall price remained stable for most of the month, but started to increase around the Mid-Autumn Festival. [21 September, 2021]. The proportion of garlic kept cold in the garlic market continues to grow every day. There is more than enough garlic in storage. The overall export price of Chinese garlic rose 45%, mainly due to higher shipping costs.

Many buyers are delaying the purchase of garlic due to increased shipping costs. They hope the price will drop, and then they will start buying their garlic. This phenomenon is so prevalent that some garlic processing factories have had to return their processed garlic products to cold storage until orders can be shipped. This puts a lot of pressure on the storage facilities. When products remain in stock for a long time, there is an increasing risk that buyers will cancel their orders. This will undoubtedly affect the export volume of Chinese garlic.

Garlic

The exorbitant prices of shipping are getting worse every day and some countries have started to think about supervising the industry. Many major shipping companies have chosen to freeze their prices in mid-September. But “frozen prices” only apply to the base price, not to surcharges, and the additional costs have gradually become the heaviest burden on traders.

For most traders, the temporary freeze on shipping charges will have no short-term impact on the market. In addition, the situation has become so uncertain that most exporters are unable to provide accurate prices, which of course increases the risks of export trade.

According to Ms. Annie Chen: “The increase in the price of shipping costs is much greater than the increase in the prices of export garlic. Compared to last year, export prices increased by 45%. Even though the shipping companies announced a price freeze, the situation stabilized, but only got worse. In addition, cabin space is difficult to secure as there is a shortage of sea containers. This issue will not be resolved until the end of this year. Additionally, bad weather conditions can affect the last stage of the garlic planting season, which will drive up the price. In other words, customers had better order as soon as possible.

For more information:

Ms. Annie Chen – Sales Director

Jining Fenduni Foodstuff Co., Ltd.

Skype: fenduni5

WhatsApp: + 86 18678710377

WeChat: + 86 18678710377

Viber: + 86 18678710377

Email: annie@china-garlic.com

Website: www.ails.com

Website: www.china-garlic.com


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Chinese garlic export price increased 10-15% from last year https://tarocchiamore.net/chinese-garlic-export-price-increased-10-15-from-last-year/ https://tarocchiamore.net/chinese-garlic-export-price-increased-10-15-from-last-year/#respond Mon, 06 Sep 2021 07:00:00 +0000 https://tarocchiamore.net/chinese-garlic-export-price-increased-10-15-from-last-year/ The buying season of garlic for storage is already over. The export price of garlic increased rapidly for a brief period in August for various reasons. Farmers reacted to this development with an eagerness to sell, but warehouse owners were more in conflict. This is why the price of garlic quickly fell again. In a […]]]>

The buying season of garlic for storage is already over. The export price of garlic increased rapidly for a brief period in August for various reasons. Farmers reacted to this development with an eagerness to sell, but warehouse owners were more in conflict. This is why the price of garlic quickly fell again. In a short time, the price rose from 2.5 yuan [0.39 USD] per 0.5 kg to 2.2 yuan [0.34 USD] per 0.5 kg. The price then recovered as new buyers entered the market, and in the second half of August the price stabilized.

Garlic processing plant

“The supply of Chinese garlic to Europe is relatively stable. The current export price is about 10% to 15% higher than the same period last year. The overseas market demand is lower than usual, but this has no visible impact on the speed of garlic export. in China.

“There are three reasons for this situation: First, foreign demand weakened during the pandemic. Second, rising shipping costs and the shortage of shipping containers are obstacles for the export of Chinese garlic. Third, garlic production volumes in overseas production areas have increased this year. Brazil, Turkey and Iran have all benefited from bountiful garlic harvests. These developments have weakened China’s position in the international garlic market to some extent. This is according to Mr. Lee of the Pioneer Garlic Group.

Garlic

Pioneer Garlic Group exports Chinese garlic to many markets around the world. Chinese garlic export volumes to the Brazilian and Turkish markets both declined by more than 80%. This is mainly because these markets have weakened. The Pioneer Garlic Group now exports mainly garlic to Central America and Europe, with a small additional supply volume for Africa.

Asked about the outlook for the market, Mr. Lee replied, “There are two decisive factors for the development of the market. First, the volume of garlic stores in September. Personally, I think the volume of reserves is about 4,400,000 tonnes. This means that the reserves are quite large. , and therefore the market price cannot easily increase. There may even be a small drop in prices. Second, the announcement of the overall area devoted to garlic planting in October will have a big impact on the market outlook.

Garlic processing plant

Pioneer Garlic Group is located in Mamiao Town, Jinxiang County, also known as “Chinese Hometown of Garlic”. Mamiao Town has a long history of garlic cultivation. This is the only place in China where Pure White garlic grows. The quality of the Mamiao garlic product is exceptional. Many exporters and processing plants are concentrated in this area and in neighboring towns. After years of development, the company has grown into a modernized garlic supplier that integrates agricultural by-product production, purchasing, processing and cold storage.

For more information:

Mr. Lee

Garlic Pioneer Group

Website: www.freshgarlic.cn

Phone. : +86 537 8772 726

Mobile: +86 155 6239 7099

Email: manager@freshgarlic.cn


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Gansu onion export price increases by more than 75% from last year https://tarocchiamore.net/gansu-onion-export-price-increases-by-more-than-75-from-last-year/ https://tarocchiamore.net/gansu-onion-export-price-increases-by-more-than-75-from-last-year/#respond Thu, 02 Sep 2021 07:00:00 +0000 https://tarocchiamore.net/gansu-onion-export-price-increases-by-more-than-75-from-last-year/ The vegetable market has recently benefited from an upward price trend. This is mainly the result of heavy rains in late July and early August. Across the country, the growth and distribution of vegetables has been hampered by these extreme weather conditions. The volume of the market supply naturally decreased, and the price therefore increased. […]]]>

The vegetable market has recently benefited from an upward price trend. This is mainly the result of heavy rains in late July and early August. Across the country, the growth and distribution of vegetables has been hampered by these extreme weather conditions. The volume of the market supply naturally decreased, and the price therefore increased. This trend was most evident in the onion market. Most of the onion supply volume currently comes from the Gansu production areas.

“Not only has the production volume of Gansu onions increased compared to last year, but also the price. The purchase price in the production areas is now around 0.7 yuan. [0.11 USD] per 0.5 kg. And the price of top quality onions can reach 0.8 yuan [0.12 USD] per 0.5 kg. It is more than 75% higher than the price of 0.4 yuan [0.06 USD] per 0.5 kg at about the same time last year. According to Mr. Zhang Jinhua of Gansu Jinhua Agricultural Development Co., Ltd.

Mr. Zhang continued, “This upward trend is mainly due to the fact that extreme weather conditions have hampered the distribution from production areas to markets, but the overall increase in demand from overseas markets is also playing a role. Export demand is much higher than in previous years. India, one of the largest onion exporters, has temporarily halted its onion exports to avoid a shortage in the domestic market. Buyers from Europe and Southeast Asia have gradually turned their attention to China. In addition, many countries are slowly relaxing measures to prevent Covid-19, which is another boost for the onion export market. As consumers start to eat out again and the food service industry begins to recover, demand from this industry will increase again. This is another reason for the rise in the price of onions. “

In the end, the onion export market is doing quite well, but like all other agricultural export products, onions also face the challenge of increasing transport costs and a shortage of sea ​​containers. Mr. Zhang explained, “Shipping prices increased at an insane rate at the start of the year, but they are no longer the case. The pace is almost normal and foreign customers have started to get used to this price. They take into account fluctuations in distribution costs. consideration when placing orders. The shortage of shipping containers is a bigger puzzle. These circumstances are beyond the control of anyone. We also have customers who occasionally cancel their orders because there are no shipping containers. “

For more information:

Mr. Zhang Jinhua

Gansu Jinhua Agricultural Development Co., Ltd.

Phone. : +86 151 9340 5179

Email: 15193405179@qq.com


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Chinese garlic export price fell in early August, but is now stable https://tarocchiamore.net/chinese-garlic-export-price-fell-in-early-august-but-is-now-stable/ https://tarocchiamore.net/chinese-garlic-export-price-fell-in-early-august-but-is-now-stable/#respond Mon, 16 Aug 2021 07:00:00 +0000 https://tarocchiamore.net/chinese-garlic-export-price-fell-in-early-august-but-is-now-stable/ New cases of Covid-19 in many production areas caused panic in the Chinese garlic market in early August. Some traders and farmers feared stricter policies would halt trade, and traders with storage, wholesalers and processing plants have all withdrawn from production areas. The supply volume increased, but the number of customers suddenly fell, and therefore […]]]>

New cases of Covid-19 in many production areas caused panic in the Chinese garlic market in early August. Some traders and farmers feared stricter policies would halt trade, and traders with storage, wholesalers and processing plants have all withdrawn from production areas. The supply volume increased, but the number of customers suddenly fell, and therefore the price fell.

“This month the price fell due to a panic in the Chinese garlic market. Apart from garlic in storage, there is only a small volume of garlic and the quality of its product is declining. Garlic that is not stored can only be sold for about 2-3 weeks. However, market demand declined rapidly at the start of the month. Yet there is still some degree of market demand. This is why the price of garlic has already started to stabilize. The price drop is likely to turn in the coming weeks. ”That’s according to Ms. Annie Chen, sales manager at Jining Fenduni Foodstuff Co., Ltd.

Garlic

Many different factors played a role in lowering prices. First of all, the garlic started to sprout early due to flooding, typhoons, and high temperatures. This makes the garlic more difficult to store and the farmers more willing to sell their stock. Second, garlic went into storage about 7-10 days later than in previous years. Garlic storage period is now coming to an end and traders with storage are buying less garlic than before. Third, rising shipping costs and a shortage of shipping containers have reduced foreign demand for Chinese garlic.

Ms. Annie Chen added, “The floods and typhoons in Henan did not have a direct impact on garlic production areas in Jinxiang, the hometown of Chinese garlic, but some traders from Henan have come. in Jinxiang to buy and store their garlic there, which pushed the price of garlic in Jinxiang increased. Nonetheless, I believe that the impact of the floods will have little impact on the Chinese garlic market as a whole.

At present, Jining Fenduni Foodstuff mainly exports garlic to Africa, Middle East and Eastern Europe. According to Ms. Annie Chen, “Traders with garlic in stock will start supplying the market from mid-September. The overall export price of Chinese garlic is still higher than last year. But the pandemic is still serious in Africa and the South. America. In addition, shipping costs continue to increase. This will certainly have an impact on Chinese garlic exports. However, we are not too worried. There is still a foreign demand for Chinese garlic. And we have worked hard for many years to build a loyal following. “

For more information:

Ms. Annie Chen – Sales Director

Jining Fenduni Foodstuff Co., Ltd.

Skype: fenduni5

WhatsApp: + 86 18678710377

WeChat: + 86 18678710377

Viber: + 86 18678710377

Email: annie@china-garlic.com

Website: www.ails.com

Website: www.china-garlic.com


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Foreign demand for Chinese ginger is limited because the export price is too high https://tarocchiamore.net/foreign-demand-for-chinese-ginger-is-limited-because-the-export-price-is-too-high/ https://tarocchiamore.net/foreign-demand-for-chinese-ginger-is-limited-because-the-export-price-is-too-high/#respond Thu, 22 Jul 2021 07:00:00 +0000 https://tarocchiamore.net/foreign-demand-for-chinese-ginger-is-limited-because-the-export-price-is-too-high/ The price of ginger was rather high at the end of last season, which is why the price of ginger started higher than usual at the start of this season. At the same time, with the outbreak of the Covid-19 pandemic, distribution difficulties are numerous, in particular a shortage of sea containers, which is pushing […]]]>

The price of ginger was rather high at the end of last season, which is why the price of ginger started higher than usual at the start of this season. At the same time, with the outbreak of the Covid-19 pandemic, distribution difficulties are numerous, in particular a shortage of sea containers, which is pushing up prices. That is why foreign importers are careful when ordering Chinese ginger.

This year, the volume of Chinese ginger exports is significantly lower than last year at the same period. In the first five months of this year, Chinese ginger export volume was 30% lower than in the first five months of last year. Even though the overseas markets are facing the pandemic and the number of orders is increasing, the increase in orders is still very small. This is only a small improvement over an otherwise difficult season.

“There is currently a lot of pressure on ginger exports. The volume of supply is too large. Chinese ginger growing areas have enjoyed a bountiful harvest this year, so the production volume is larger than last year. In addition, the volume in reserve is currently 15% more than at about the same time last year. In addition, foreign demand is weak. In other words, supply exceeds demand, and that is why ginger exports are under great pressure. This is according to Mr. Cao Shuming from the Shandong Anqiu Yiming Fresh Ginger Processing Plant.

China is one of the biggest producers and exporters of ginger. Most of the exported ginger comes from the production areas of Shandong. According to Mr. Cao: “The volume of exports in May 2021 decreased by about 45% compared to May 2020. This shows how severe the contraction of ginger exports is this year. As for the price, the export price should remain. high for the foreseeable future. And that will undoubtedly have an impact on the next ginger crop.

Ginger is not a necessity and can be easily replaced with other agricultural products. When the price is too high, foreign consumers simply consume less ginger. Plus, the summer months are slow months for the ginger industry. This is why Chinese ginger exports have declined considerably.

For more information:

Mr. Cao Shuming

Shandong Anqiu Yiming Fresh Ginger Processing Plant

Phone. : +86 159 5449 8966

Email: 1197194330@qq.com


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The fastest import price in nearly 7 years in June, surpassing the export price for Korea https://tarocchiamore.net/the-fastest-import-price-in-nearly-7-years-in-june-surpassing-the-export-price-for-korea/ https://tarocchiamore.net/the-fastest-import-price-in-nearly-7-years-in-june-surpassing-the-export-price-for-korea/#respond Wed, 14 Jul 2021 07:00:00 +0000 https://tarocchiamore.net/the-fastest-import-price-in-nearly-7-years-in-june-surpassing-the-export-price-for-korea/ 확대 [Graphics by Song Ji-yoon] Import prices rose faster than South Korea’s exports last month, with the pace accelerating to nearly seven years due to the unwavering strengthening of international commodity prices, which could hurt profitability current account dependent on exports and inflationary pressure from fans. longer term. According to the Bank of Korea (BOK) […]]]>

확대

[Graphics by Song Ji-yoon]

Import prices rose faster than South Korea’s exports last month, with the pace accelerating to nearly seven years due to the unwavering strengthening of international commodity prices, which could hurt profitability current account dependent on exports and inflationary pressure from fans. longer term.

According to the Bank of Korea (BOK) on Wednesday, the import price index rose 2.3% from the previous month to 115.43, climbing for the second consecutive month to reach the highest level since September 2014. Compared to a year earlier, it has jumped. 14 percent.

The export price index in June edged up at a slower pace of 0.7% on the month to 107.12 (base year 2015), marking the seventh consecutive month of monthly price increases. The index gained 12.7% year on year, the fastest growth since March 2009.

The rise in import prices is mainly due to rising international prices for oil and raw materials, BOK said. The price of benchmark Dubai crude, which averaged $ 66.34 per barrel in May, rose 7.9 percent to $ 71.6 per barrel in June.

Import raw material prices rose 6.4% from a month ago and intermediate products edged up 1%. Capital goods were unchanged and consumer goods fell 0.2%.

Rising import prices for raw materials and intermediates would lead local producers to raise product prices to reflect increases in manufacturing costs, a BOK official said.

The resumption of global business activities and the surge in demand for chips and automobiles have led to the overall rise in the country’s export price index, according to the bank. The prices of coal and petroleum products increased by 6.2%, those of agricultural and fishing products by 2.1%. Computers, electronics and optics edged up 0.9%. Prices for LCD screens for televisions jumped 10.8% on the month and flash memory prices jumped 5.3%.

By Lee Soo-min

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]


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Definition of import and export price indices (MXP) https://tarocchiamore.net/definition-of-import-and-export-price-indices-mxp/ https://tarocchiamore.net/definition-of-import-and-export-price-indices-mxp/#respond Fri, 02 Jul 2021 07:00:00 +0000 https://tarocchiamore.net/definition-of-import-and-export-price-indices-mxp/ What are the Import and Export Price Indices (MXP)? The Import and Export Price Indices (MXP) measure changes in the prices of non-military goods and services entering and leaving the United States. MXPs are published for many different types of commodities, goods and services industries, origin location and destination location. Indexes are updated monthly and […]]]>

What are the Import and Export Price Indices (MXP)?

The Import and Export Price Indices (MXP) measure changes in the prices of non-military goods and services entering and leaving the United States.

MXPs are published for many different types of commodities, goods and services industries, origin location and destination location. Indexes are updated monthly and are produced by the International Prices Program (IPP) of the Bureau of Labor Statistics (BLS).

Key points to remember

  • The Import and Export Price Indices (MXP) measure changes in the prices of goods or services purchased abroad by U.S. residents (imports) and sold to foreign buyers by U.S. residents (exports).
  • Indexes are updated monthly by the International Prices Program (IPP) of the Bureau of Labor Statistics (BLS).
  • The data is used to deflate government trade statistics, predict future inflation and price changes, set fiscal and monetary policy, measure exchange rates, negotiate trade contracts, and identify specific industry trends and world prices.
  • Investors pay close attention to price trends because inflation is generally bad for bond and stock markets.

How the Import and Export Price Indices (MXP) Work

MXPs are created by compiling the prices of goods purchased in the United States but produced outside the country (imports) and the prices of goods purchased outside the country but produced in the United States (exports). The data is collected from the declarations of the exporters and the documents of entry of the imported goods.

The BLS defines its indices as “containing data on the evolution of prices of non-military goods and services traded between the United States and the rest of the world.” These measures, he adds, “show how the prices of a basket of goods and services in international trade change from period to period.

Not all U.S. international trade is conducted in United States dollars (USD). The BLS reports that 6% of imports and exports currently studied are denominated in foreign currencies. For its indices, all prices are converted into local currency, using an average exchange rate for the month preceding the pricing month.

Import and export price changes from the previous month are usually published in the middle of the following month.

How the Import and Export Price Indices (MXP) are used

MXP serves several purposes. Among other things, they can be used for:

  • Deflate government trade statistics: Since trade statistics are reported and aggregated in nominal dollar terms, analysts can use MXPs to convert them to actual values.
  • Predict future prices and domestic inflation: The prices of some consumer goods may depend in part on the cost of imported goods or raw materials used in their domestic production.
  • Help the Federal Reserve Board (FRB) decide on fiscal and monetary policies to be implemented: Monitoring trade flows and the expected future development of domestic inflation are both important policy considerations.
  • Measure exchange rates and negotiate commercial contracts: MXPs can be used to estimate or set exchange rates and exchange rate escalation factors for trade deals and contracts.
  • Identify specific industry trends and global prices: MXPs for different industries, products or countries of origin can be used to help identify trends in these different dimensions.

MXPs are one of the three primary measures of the price movement of goods and services in the US economy. The others are the consumer price index (CPI) and the producer price index (PPI).

Import and export price indices (MXP) and investment

MXPs can help identify price and inflation trends, which are important factors in investment markets and, as such, interesting for investors to watch.

Data from these indices often have a direct impact on bond markets. Indices are used to help measure the inflation of commodities that are traded globally. Bond prices often fall when import inflation becomes too high as it erodes the value of the initial investment.

Inflation can also hurt stock markets. As inflation rises, central banks sometimes raise interest rates to keep prices from rising. Higher interest rates make borrowing more expensive and encourage consumers to save. Often the result is falling stock prices.


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Export price of live cattle hits record high in Western Australia as ranchers celebrate best rainy season in years https://tarocchiamore.net/export-price-of-live-cattle-hits-record-high-in-western-australia-as-ranchers-celebrate-best-rainy-season-in-years/ https://tarocchiamore.net/export-price-of-live-cattle-hits-record-high-in-western-australia-as-ranchers-celebrate-best-rainy-season-in-years/#respond Mon, 19 Apr 2021 07:00:00 +0000 https://tarocchiamore.net/export-price-of-live-cattle-hits-record-high-in-western-australia-as-ranchers-celebrate-best-rainy-season-in-years/ As the live animal export season accelerates in northern Western Australia, record prices are being hit in Western Australia by ranchers sending cattle to Indonesia. Key points: Live cattle export prices hit record high for WA pastoralists 3,000 head cargo expected to leave Broome port Record prices after the best rainy season in years For […]]]>

As the live animal export season accelerates in northern Western Australia, record prices are being hit in Western Australia by ranchers sending cattle to Indonesia.

For the first time, Kimberley producers are now receiving up to $ 4.10 per kilogram for feeder steers on Broome Port’s first major shipment, more than double what they got there is ten years old.

Northern Rural Supplies Broome chief agent Andrew Stewart said the record prices came from the best rainy season in three years.

Mr Stewart said that after two decades as a stockbroker in the Kimberley, he couldn’t think of a better time for the northern pastoral industry.

“I have never seen a price higher than what is currently paid [and] it’s been such a fantastic season.

“[Meanwhile] everyone’s costs are going up and it’s getting harder and harder to do business, so it’s kind of a reward for everyone. “

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Unprecedented price: good and bad in the scorching cattle market.(Jennifer nichols)

High optimism as the season picks up

The majority of the 3,000 cattle loaded onto the Bison Express at Broome passed through the nearby Roebuck Export Depot, leased and operated by the Indigenous Land and Sea Corporation.

On average, the facility sees around 80,000 head per year for live export and domestic sales.

Roebuck Plains station manager Jak Andrews said it was a slightly delayed start to the season for export yards which would normally start filling in March.

Portrait image of a man in a blue shirt wearing an akubra, looking out of frame.
Jak Andrews says record prices and a fantastic wet season have left WA breeders vibrant for the season ahead.(

ABC Kimberley: Erin Parke

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But with prices rising and pastures blooming after some late rains in the area, Mr Andrews said the wait was worth it.

“We have certainly had a few mild wet seasons over the past few years,” he said.

“So getting some prolonged rain has certainly improved the optimism and mood across the country… when you have good years like this where you have good pasture, you have cattle that are gaining weight… and coupled with that with record price north of $ 4 [per kilo].

Close up of truck with cow's head sticking out
The 3,000 head is Broome’s first major shipment this season, after a ship from Port Hedland was filled with a small number of cattle in February.(

ABC News: Ben Collins

)

Could a price correction be in progress?

In the Northern Territory, the export price to Indonesia peaked last month from Darwin, with some producers reaching as high as $ 4.40 per kilogram, a trade record.

With Ramadan now underway and shipments from the north increasing, that price has dropped to around $ 4.20 (ex Darwin), where prices are traditionally much higher than in northern Western Australia.

In Australia, the Eastern Young Cattle Indicator (EYCI) also broke the 900 cents per kilogram mark for the first time in history last week.

Mr Andrews said northern producers were not taking the record prices for granted, predicting that supply would increase in the Australian herd, that there would be a correction in the market later this year.

A man wearing a baseball cap sits in front of an open butcher's stall in a wet market.
Some wet markets in Indonesia are struggling with record prices for Australian cattle.(

Provided: Matahatiproductions

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Demand for Australian cattle is usually at its peak in Indonesia at this time of year, but record cattle prices have started to get unpleasant for some feedlots and meat traders.

According to Meat and Livestock Australia, Australian cattle export volumes fell to 55,073 head in March, below the five-year average for the month of 82,955 head.

In markets like Indonesia and Vietnam, there has also been increasing competition from Brazilian beef and alternative proteins like Indian buffalo.

Kimberley Live’s export outlook is good

As of yet, there are no signs of weakening demand for livestock from the Port of Broome, with a steady flow of ships expected over the coming months according to the Kimberley Port Authority.

Mr Stewart said that as the rally intensifies across the Kimberley and Pilbara, he expects more than four export ships live via the port per month in the future.

A living export ship laden with cattle in a port
Following a significant decline in live fish export vessels from Wyndham, the number of vessels out of port increased significantly during the year.(

Provided: Dreamtime Photos

)

Mr Stewart said domestic buyers in eastern states and southern markets looking to replenish depleted herds were also competing for some northern cattle that were traditionally destined for the live export market.

Confidence in the live animal export season is also high at Washington state’s northernmost port of Wyndham, where just a year ago trade was in rapid decline.

Port operator Cambridge Gulf Limited CEO Tony Chafer said last month they made their first shipment to Indonesia.

“It was just over 3,800 head of cattle, which brought our toll to 20,482 for the year,” he said.

Cambridge Gulf Ltd Managing Director Tony Chafer leaning against a wall outside his office in Kununurra
Tony Chafer says the unexpected turnaround in exports of live fish from Wyndham has been exciting for port operators.(

ABC News: Tom Edwards

)

Mr Chafer said record live cattle prices this year contrasted sharply with prices paid at the port less than a decade ago.

“I remember the story when they went from $ 2 to $ 2.20 a kilo and everyone was very excited that there was a 10 percent increase,” he said. .

“I didn’t know until this season that we ever had prices over $ 4 per kilo.

“The best year we’ve had at Wyndham is just over 79,000, so I see no reason why we couldn’t get back to that level.”


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