1042 days ago
Which country drinks the most beer ?
The uncontested champion of beer drinking is Spain, with 52% of Spaniards admitting drinking beer regularly, followed by Italy and Poland.
1042 days ago
Inflation is literally digging in to your plate
Raw materials, food specifically, is becoming more expensive. Things like soya oil futures prices are up almost 90% since the beginning of last year and orange juice futures are up by a fifth.
1042 days ago
Chinese officials urge for a toning down of commodity prices.
Chinese commodity firms pared back their bullish futures bets at the request of the government as Beijing is raising the red flag on rising commodity prices. Over the past weeks, several commodity merchants reduced their long positions in locally traded products including iron ore and coal.
1042 days ago
Macro signals in commodity related currencies have been mixed
After rising sharply earlier in May, maybe because of mixed signals from the BoC, the Canadian Dollar hit a ceiling against the USD. On the other hand, the NZD has broken out above its prior trading range this week. The AUD is looking flat, but if the recent trend for softer iron ore prices keeps up, the AUD could head southwards. Given the importance of commodities to these economies, the hawkish signals from their respective central banks will sustain if high commodity prices continue.
1042 days ago
Shipping-container rate climbs to $10,000 from Asia to Europe
The cost to move goods in a shipping container from Asia to Europe has skyrocketed to $10,000, an all-time high. The cost of shipping reached $10,174, up 3.1% from a week ago and 485% from a year ago.
