Fluctuating prices

VietNamNet Bridge – Many pineapple farmers in Tien Giang Province’s Tan Phuoc District, the largest pineapple planting area in the Cuu Long (Mekong) Delta, are taking losses because of fluctuating prices caused by an oversupply. A farmer in Tien Giang Province harvests pineapples. — VNA/VNS Photo Nam Thai Nguyen Xuan Hai, deputy head of the district’s Agriculture and Rural Development, said that pineapples were selling for VND2,000–3,000 a kilo. Since mid-year, the price has ranged from VND1,500–5,500 a kilo. With the decline in price, farmers are now suffering a loss of VND10-15 million (US$440-$660) per ha per crop. The fruit has helped many farmers escape poverty in recent years. Tan Phuoc’s Queen pineapples, one of the main varieties in Tien Giang, are well-known for high quality. The district has about 16,500ha of pineapples with an average yield of 20 tonnes per ha per crop. A pineapple crop lasts between 12-15 months. … [Read more...] about Delta pineapple farmers suffer losses due to fluctuating prices

President Donald Trump warned OPEC about its "artificially very high" oil prices Friday, saying they are "no good and will not be accepted!" His warning came in an early morning post to Twitter. Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted! — Donald J. Trump (@realDonaldTrump) April 20, 2018 Trump's rebuke of the Organization of Petroleum Exporting Countries came after Saudi Energy Minister Khaled al-Faleh said the global market has the capacity to absorb higher oil prices, after crude hit the highest level in more than three years. "I have not seen any impact on demand with current prices. We have seen prices significantly higher in the past — twice as much as where we are today," Faleh told reporters ahead of an oil producers' meeting in Jeddah, Saudi Arabia. "Energy intensity as you know has declined significantly ... this … [Read more...] about Trump Warns OPEC on ‘Artificially Very High’ Oil Prices

Sep 17, 9:50 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By AFP News 09/17/19 AT 9:30 PM Expectations are high for the US Federal Reserve to deliver the year's second interest rate cut on Wednesday as members conclude a hotly-anticipated policy meeting in Washington.With the meeting underway, central bank officials on Tuesday also moved for the first time in a decade to prevent market fluctuations from pushing short-term interest rates beyond the Fed's control.US Federal Reserve Chairman Jerome Powell has sent strong signals in recent weeks that a rate cut is coming, vowing that policymakers stand ready to "act as appropriate" amid "significant risks" to the economy -- notably President Donald Trump's trade wars.He is due to make his announcement at 1800 GMT on Wednesday afternoon.Meanwhile, the New York Fed on Tuesday announced emergency measures to pump billions into the banking system through arrangements known as … [Read more...] about US Fed Signals Rate Cut As Market Odds Fluctuate

All domestic airlines have been sent a letter by the antitrust watchdog Competition Commission of India (CCI), after it found that airlines were selling seats at almost equal prices that offered little choice to travelers. CCI, which doubted that airlines were acting like a cartel, has sought details on the way they estimated their fares. CCI secretary Smita Jhingran has written a letter to domestic airlines dated March 27, asking it to explain the reason for such identical pricing of airfares.Indicating that the fares were expensive, CCI had asked airlines to provide details of the average cost on four routes—New Delhi-Mumbai-New Delhi, New Delhi-Bangalore-New Delhi, New Delhi-Hyderabad-New Delhi and New Delhi-Pune-New Delhi—for 2012-13 and 2013-14. Besides wanting to know the criteria adopted for deciding the base fare, fuel surcharge and other charges such as airport development fee, passenger service fee, service tax and the so-called CUTE (common user … [Read more...] about Probe started by CCI in identical airfare pricing

As with any market, supply and demand are key to price. Recently, nowhere else has this been seen more acutely than in the oil & gas markets. Headlines at the turn of the year were dominated by the fall in oil prices. Brent crude remains at around US$58 a barrel, down from US$100-120 only last summer. So, four months on from OPEC’s decision (in November 2014) not to cut supply in the face of reducing global demand and increased non-OPEC production, how have companies in the oil sector fared?Up pipeThose with deep pockets will obviously fare better than others. Whilst the major oil & gas companies have cut back on exploration, staff and capital expenditure, oil price volatility is not new to them and these companies are generally used to weathering and planning for such storms. Equally, however, oil & gas companies are keen overall not to stop new investment or let skilled staff go. Previous downturns have shown this to be a poor strategy for the medium turn but it … [Read more...] about Coming Down the Pipeline: Risk and Opportunity for Oil and Gas Sector in Era of Low Oil Prices