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Indonesia’s refined tin exports plunge 98% in Feb, trade ministry says

Indonesia’s refined tin exports dropped 98.27% on a yearly basis in February to 55 metric tons, data from the Trade Ministry showed on Friday, though shipments increased from January. Exports of mining products from Indonesia have been affected by delays in approvals of annual work plans for mining companies, amid changes in the approval process at the mining ministry. Earlier this month, a senior ministry official said authorities had approved production quota requests from 120 of the 723 mineral mining companies that applied, and that the ministry aimed to complete ...

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Mongolia coal exports to fall 13.8% in 2024, industry official says

Mongolia’s coal exports are expected to fall 13.8% to 60 million metric tons in 2024, an official from the Mongolian Coal Association said on Friday, citing logistics as the biggest challenge to boosting sales to key trading partner China. Zoljargal Jargalsaikhan Zolo, executive director at the Mongolian Coal Association, said he expected a rail connection called Bichigt, which is to be built this year or next, to boost movement of coal between the two countries. “China Energy won the bid for construction of that facility, and we hope they will ...

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Ukraine exports 1.3 mln T grain so far in March

Ukraine’s grain exports so far in March have increased to 1.3 million metric tons from 1.2 million tons a year earlier, agriculture ministry data showed on Friday. Ukraine’s grain exports in the 2023/24 July-June marketing season have fallen to around 31 million tons from 33.5 million a year earlier, the ministry data showed. Exports included 12.4 million tons of wheat, 16.6 million tons of corn and 1.76 million tons of barley. Ukraine has traditionally exported around 95% of its grain via its deep-water Black Sea ports. In February, Ukraine exported ...

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China Jan-Feb copper imports rise 2.6% as year-on-year demand improves

China’s unwrought copper imports rose 2.6% in the first two months of 2024, customs data showed on Thursday, as domestic demand improved from the same period in the previous year, when pandemic restrictions had just been lifted. Arrivals of unwrought copper and products in China, the world’s biggest consumer of the metal, were 902,000 metric tons in January and February, up from 879,000 tons in the same year-ago period, the General Administration of Customs data showed. China combines import data for January and February into one release to smooth out ...

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Enbridge working on new projects to boost USGC crude exports

Enbridge has embarked on further enhancing its crude oil export capabilities at the US Gulf Coast through a combination of brownfield acquisitions and new build outs to accommodate growing output from the Permian Basin and Western Canada, senior company officials said March 6. “Today we are announcing accretive new capital investments focused on our USGC strategy that include additional export docks and storage tanks at EIEC [Enbridge Ingleside Energy Center],” CEO Greg Ebel said on a webcast at the Enbridge Investor Day in New York. “These investments provide near-term growth ...

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China Jan-Feb iron ore imports jump on restocking ahead of Lunar New Year

China’s iron ore imports in the first two months of 2024 climbed 8.1% from the previous year as steelmakers restocked to meet production needs during and after the week-long Lunar New Year holiday. The world’s largest iron ore consumer brought in 209.45 million metric tons of the key steelmaking ingredient – a record high for the two-month period, customs data showed on Thursday. The number works out to a monthly average of 104.73 million tons, versus a monthly average of 98.39 million tons in 2023. That compares to 100.86 million ...

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China Jan-Feb crude imports rise on strong holiday travel demand

China’s imports of crude oil rose 5.1% in the first two months of 2024 from a year earlier, data showed on Thursday, as refiners ramped up purchases to meet fuel sales during the Lunar New Year holiday. Imports during January and February amounted to 88.31 million metric tons, or about 10.74 million barrels per day (bpd), according to the General Administration of Customs. That compared to 10.4 million bpd in the corresponding period last year. China releases combined import data for January and February to smooth out the impact of ...

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Egypt’s GASC seeks wheat in tender

Egypt’s state grains buyer the General Authority for Supply Commodities (GASC) is seeking wheat in an international tender. The deadline for offers is March 7. Offers should be submitted on a free-on-board (FOB) for shipment between May 1-10. Suppliers were asked to submit offers for payment via both 180-day and 270-day letters of credit and GASC will choose between them. Source: Reuters (Reporting by Nafisa Eltahir)

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Vietnam 2024 rice exports seen falling to 6.5-7.0 mln tons

Vietnam’s rice exports are estimated at 6.5-7.0 million metric tons this year, down from last year’s record high of 8.1 million tons, according to a report by Vietnam Food Association. The Southeast Asian country, the world’s third largest rice exporter after India and Thailand, has earlier flagged that it would gradually cut its overall export volumes to focus on higher quality, higher-priced rice, while also adapting to climate change and ensuring domestic food security. Exports in the year to mid-February rose 14.4% from a year earlier to 663,000 tons, according ...

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South Korea’s MFG bought some 66,000 T corn in private deal, traders say

South Korea’s Major Feedmill Group (MFG) purchased an estimated 66,000 metric tons of animal feed corn in a private deal on Wednesday without issuing an international tender, European traders said on Thursday. It was expected to be sourced from South America or South Africa and followed another corn purchase on Wednesday by South Korean importer NOFI. It was bought at an estimated $238.70 a ton c&f plus an additional $1.50 a ton surcharge for additional port unloading. Seller was believed to be trading house ADM. The corn was for shipment ...

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Taiwan tenders for estimated 56,400 T wheat of U.S.-origin

The Taiwan Flour Millers’ Association has issued an international tender to purchase an estimated 56,400 metric tons of grade 1 milling wheat to be sourced from the United States, European traders said on Thursday. The deadline for submission of price offers in the tender is believed to be March 15. The tender seeks a range of wheat types in one consignment for shipment from the U.S. Pacific Northwest coast between May 9 and May 23. Wheat types sought include dark northern spring, hard red winter and soft white wheat. The ...

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Bangladesh seeks Saudi cooperation for crude oil import

Bangladesh Foreign Minister Hasan Mahmud sought cooperation for the import of crude oil during a meeting with his Saudi counterpart in Jeddah, as the South Asian nation works to secure support to help address challenges in its fragile economy. Mahmud met with the Saudi Foreign Minister Prince Faisal bin Farhan on the sidelines of an Organization of Islamic Cooperation meeting in Jeddah on Tuesday, where they joined other foreign ministers to discuss Israel’s ongoing aggression in Palestine. “During the meeting, (the) Bangladesh foreign minister expressed satisfaction on the level of ...

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Chile copper exports reach $3.47 billion in February

Chile, the world’s top copper producer, saw exports of the red metal reach $3.47 billion in February, up 3.77% from a year earlier, the central bank said on Thursday. The country posted a trade surplus of $1.52 billion in the month, it added, falling short of the $2.05 billion surplus expected by economists polled by Reuters. Source: Reuters (Reporting by Natalia Ramos and Peter Frontini; editing by Gabriel Araujo)

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Ukraine grain exports at 774,000 T so far in March, ministry says

Ukraine’s grain exports so far in March have totalled 774,000 metric tons against 641,000 tons in the same period a year earlier, agriculture ministry data showed. Ukraine’s grain exports in the 2023/24 July-June marketing season have fallen to about 30.4 million tons from 32.9 million a year earlier, the ministry data showed. Exports included 12.1 million tons of wheat, 16.4 million tons of corn and 1.69 million tons of barley. Ukraine has traditionally exported around 95% of its grain via its deep-water Black Sea ports. In February, Ukraine exported 5.8 ...

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EU 2023/24 soft wheat exports at 21.0 mln T by Feb 28, data still missing

Soft wheat exports from the European Union since the start of the 2023/24 season in July had reached 21.00 million metric tons by Feb. 28, compared with 21.38million a year earlier, data published by the European Commission showed on Tuesday. However, the Commission said data was only available up to Feb. 28 because of a continuing technical problem. Data for Ireland was missing since June 2023 while import data for Bulgaria is available until Jan. 12, it said. The publication has been subject to repeated delays, some of which the ...

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