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Fitch Ratings has warned that emerging markets in Asia could face rising cost pressures across agribusiness sectors and food supply chains if a prolonged US-Iran conflict continues to disrupt fertiliser supplies further into the planting season....
Global Inflation Scare: Chinese Exporters Hike Prices As Iran War Triggers Ethane Shortage, Plastics Crunch
Chinese exporters are finally passing on the pain - right as they're experiencing a major shortage of a key industrial material. After years of cutting prices amid overcapacity and cutthroat competition, manufacturers are now raising prices on everything from swimsuits and ski suits to medical syringes and air conditioners. The culprit: the Iran war's energy shock, which has sent oil-linked input costs skyrocketing and is now rippling straight through to global store shelves.
Customs data compiled by Trade Data Monitor and analyzed by Bloomberg reveal sharp year-on-year price jumps in March across more than a dozen categories of household goods - the first sustained reversal in a disinflationary trend that had helped keep a lid on inflation from the U.S. to Europe for nearly three years.
"I held off raising prices for as long as I could in March, but in the end I had no choice,&qu...
The India Meteorological Department has forecast the possibility of El Nino conditions during the South West monsoon season. Economists and experts note that a weak monsoon will add to the woes caused by higher crude oil prices, and fertilizer supply disruptions....
The University of Michigan's final April sentiment index dropped to 49.8 this month from 53.3 in March. While that was slightly improved from the preliminary reading, it remained the lowest in data back to 1978. Mike McKee reports on "Bloomberg Open Interest." (Source: Bloomberg)...