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HOLLARD

VERSEKERING

  • Cocoa prices ended 2018 with strong gains, leading generally firmer agricultural markets, but the year marked falls for most major commodities as increasing global economic uncertainty hit metals and oil.

  • Themed "Delivering Value across Palm Oil & Rubber Supply Chain” the conference aims to highlight these key issues:

  • Researchers from the University of the Basque Country in Spain have been the first to discover the presence of certain aldehydes in food, which are believed to be related to some neurodegenerative diseases and some types of cancer.

  • The hardening positions by the US and China on their year-old trade war ahead of high-stakes talks in Washington, will likely have an impact on June’s petrol price in South Africa, along with the introduction of a carbon tax by the local government.

    As an importer of oil products, South Africa is already sensitive to changes in the international oil price.

    This week, US president Donald Trump threw trade talks between the world’s two largest economies into disarray as he threatened to raise tariffs on Chinese imports, roiling global markets.

    Trump threatened not only to more than double tariffs on $200 billion of Chinese exports to the US, but also raised the possibility of imposing a 25% tariff on an additional $325 billion of goods.

    Bloomberg reported that China’s top trade envoy, vice premier Liu He, is due to land in the US capital on Thursday afternoon and go immediately into discussions with Trump’s top negotiator, Robert Lighthizer.

    And trade war concerns, along with a global oversupply of oil, has caused Brent crude prices down towards $70 a barrel.

    Impact on South Africa

    For South Africa, a drop in oil prices would point to a short-term win. According to the latest data from the Central Energy Fund (CEF) of South Africa, the most recent drop in the price is having a net positive effect on the outlook for local petrol prices.

  • The resumption of U.S. soybean sales to China has helped to buoy the market in oilseeds, although traders warn that uncertainties remain. At the same time, a developing row between Canada and China threatens to divert trade flows in rapeseed. China’s demand for soybeans has been hit by a fall in demand for meal as the country’s hog herd is affected by African swine fever.

  • The word “climate” makes most of us look up to the sky – however, the IPCC’s new special report on climate change and land should make us all look under our feet.

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SASOL

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