Miscellaneous

Collect&Go (Colruyt) tests self-driving vehicle for grocery delivery

Collect&Go, Colruyt Group's online grocery delivery service, is currently testing the technology of a brand new innovation: an unmanned vehicle developed by Estonian company Clevon that combines remote control with an advanced autopilot. Remotely controlled, the self-driving vehicle took to public roads…

"U.S. dollar and Chinese yuan may soon be neck and neck"

The U.S. dollar has always been the world's strongest currency. But for how much longer? For many emerging economies (especially in the region between Europe and China), that…

Tradiro

Staffing agency shares budget

NL: How profitable are migrant hotels really for Dutch job agencies?

The Dutch employment agency Tradiro has shared insight into how much they earn from migrant worker hotels. The regional newspaper Omroep West saw their budget and spoke with director Michael Mostert. "We lose a lot of money with these housing complexes. But we have to use them," was one of his…

Sicural

Focused analyses based on the needs of retail chains

Performing analyses on the produce as a form of self-check has become part of the routine. But not all laboratories provide the service of communicating to clients whether their products would be accepted by supermarket chains in Germany, Austria, Holland or Great Britain, whose parameters are often…

Smaller growers are asking to just be left alone

Don’t hinder us. That’s the message from small growers such as Tim Stanton in Fear Bush, New York about the future of their smaller farming operations. “Anybody who is left farming is doing something right. Let them do their job. The government asks what they can do to help and I just say to leave us…

Call for urgent increase to flood support

NSW Farmers says there needs to be an urgent increase in emergency payments to flood-affected communities with more than half of the state's local government areas enduring a…

A new product from Retiplast presented at Interpoma

A thermoplastic film combined with netting to protect orchards from climate change and pests

Retilplast, a southern Italian company that manufactures, processes and markets nets, films and tarpaulins, will be presenting at the international trade fair Interpoma in Bolzano, located in northern Italy, its latest innovation in protective covers applied to fruit growing, namely protective films and…

Combimetal Carrera: "More ventilation and full plant coverage"

The drop in ferrous material prices rekindled interest in actinidia umbrella structures

The market trend for ferrous materials appears to be improving, especially with steel, after months in which prices had reached dramatic values. There is thus a march back in quotations, which is also having positive repercussions in the agricultural sector, with a resumption, albeit modest, of…

Farmer survey reveals extent of flood impact

Flood-affected NSW farmers are facing significant losses

A survey of the state’s flood-affected farmers has found significant losses across many regions, leading to massive costs as most of the damage is uninsurable. More than…

Western Australia’s pome industry said goodbye to two legends this month

APAL was saddened to hear of the passing of two of Western Australia’s pome industry legends this month: Steve Dilley and Neil Casotti. Steve Dilley of Perivale Orchards, Donnybrook, passed away on 1 November after a short battle with cancer. Steve’s contribution to both the industry and community was…

TR Turoni introduces a universal grader suitable for all products

TR Turoni from Forlì will present its new automatic grader at Interpoma. The company is one of the leading when it comes to ripening and quality control and it has just launched a new universal grader to size fruits and vegetables. The company will attend Interpoma (November 17th-19th, 2022) at stand CD…

South Africa's oldest table grape producer passes

The South African Table Grape Industry (SATI), posted a tribute to South Africa's oldest table grower on LinkedIn It is with great sadness that we share the news of Martin van Niekerk's passing. Martin, aged 96, was South Africa's oldest table grape producer. His farm, Rondog, situated in Vredendal is a…

50,000 police in ports and wholesale markets on first day of trucker's strike

The Spanish government deployed more than 50,000 police to monitor the first day of a strike by truckers amid concern the protest could snarl up supplies of food and goods. Police units have been sent to strategic locations such as Barcelona’s port and Madrid’s wholesale market for fresh produce,…

© Shaiith | Dreamstime.com

£1.5m crop research centre opens at University of Warwick

A facility using gene-editing technology to improve the quality, resilience and sustainability of vegetable crops has opened at the University of Warwick. The Elizabeth Creak Horticultural Technology Centre (ECHTC), which also contains The Jim Brewster Laboratory, is a £1.5 million facility which will…

Turkish hazelnut exports drop due to spillover from EU energy crises

Hazelnut exports from Turkey to Europe decreased by 35% as citizens in the bloc tighten their belts due to higher energy prices. As EU citizens buy less chocolate, the…

AgroFresh and Ceradis sign exclusive distribution agreement for an organic biofungicide

AgroFresh Solutions, Inc. and Ceradis Crop Protection B.V., a global developer of environmentally friendly crop protection products, announced they have entered into an…

Erich Baumeister Ltd presents new single-net process at expoSE 2022

"Elastic and non-elastic yarns with ecologically sustainable materials"

Erich Baumeister Ltd develops and distributes forward-looking solutions for bundling, packaging, labeling. Now, the market launch of a new process for netting with sustainable, ecological materials is imminent. "We have used the economic upheaval that was Corona to establish and expand our sustainability…

Drugs were found inside a container that carried lemons to Greece

Brazil authorities seize 85kg of cocaine in the port of Santos

The Brazilian Federal Revenue Service seized 85 kilos of cocaine in the Port of Santos, on the coast of São Paulo. The drug was found on Monday (7) inside a container that…

UK and EU closer to deal on Northern Ireland Brexit spat

The United Kingdom and the European Union are said to be closer to reaching a deal on post-Brexit trading rules with Northern Ireland. The UK's live database to track goods…

Gjalt Hooghiemstra - IMASA

Legal victory should restore confidence in municipal market among producers

The Institute for Market Agents of South Africa (IMASA) will now decide on its engagement with other markets following their legal victory against Tshwane Municipality, the first time the association had undertaken an action of this kind.A week ago, the Pretoria High Court found in IMASA's favor and…

"Nearly 70% of Europe's ammonia production has been halted since August due to high gas prices"

On October 19, the Minister of Agriculture, Luis Planas, stated in a forum in Huesca that 50% of the fertilizer production facilities are already closed or have reduced their…

Using farmland for solar panels is not the solution to drought in California

Coping with severe droughts in California and the Southwest requires tough choices, all of them expensive and none of them perfect, but taking millions of acres out of…

Etna, Sicily

Volcanic ash as a fertilizer

According to a CNR study just published in JSFA Reports (see link at the bottom), volcanic ash is a multi-nutrient inorganic fertilizer whose catalytic mechanism of action integrates the required trace metals for bacterial enzymes to both fix and make available to plants those vital elements such as nitrogen, carbon,…

Queensland labor-hire company in court for alleged underpayment of 87 visa holders

The Fair Work Ombudsman has commenced legal action against a labor-hire company that operated on farms in Far North Queensland, alleging it underpaid visa holders almost…

Nigeria: Currency redesign deadline leads to rush on dollars

As Nigerians rushed to buy dollars one week after the Central Bank said it would redesign higher-value notes, the naira saw a further decline against the American currency on…

The Egyptian pound still faces currency black market

The Central Bank of Egypt ended a managed exchange rate regime for the second time in six years. This allowed the Egyptian pound to trade freely against foreign currencies.…

More and more Britons think Brexit was a mistake

According to a recent poll, only 43% of the British population consider that the UK's departure from the European Union was a good decision. 57% think it was a mistake. These…

Shipping company Maersk: Europe close to a recession, US not far behind

Yesterday, A.P. Moller-Maersk came out with a statement, saying Europe is close to entering a recession and the North American economy may not be far behind. Maersk chief…

Iran: Currency hits new low against dollar due to national unrest

On Tuesday, after weeks of nationwide unrest, Iran's currency dropped to its lowest value against the dollar. A stalemate in negotiations to revive Tehran's nuclear deal was…

Ecuadorian goods were en route to Batumi, Georgia

Malta Customs detects 610 kgs of cocaine in banana shipment

Last weekend, Maltese Customs officials discovered 610kg of cocaine hidden in a shipment of bananas at the Malta Freeport.  The cocaine was packed in 610 packets weighing 1kg each. The container they were in was singled out by the Customs Monitoring Unit following a meticulous risk assessment. Officials at…

Democratic Republic of Congo: Currency shortage threatens small businesses

A severe shortage of small-denomination Congolese francs has made it nearly impossible for traders in Kirumba and the wider Lubero territory where the town is located, to…

Eskom focuses on implementing energy security plans

Eskom says it is focusing on implementing all projects in order to meet the required 53GW of new additional energy for the period up to 2032 which will ensure energy security.…

Francois Knowles – Agricultural Produce Agents Council

Regulator of South African agricultural agents pursues investigations without fear or favour

The recent drug busts made in India on consignments of South African fruit has again underlined the extreme importance for growers to keep an eye on the value chain.“We are shocked to learn about individuals pretending to be export agents and involved in drug smuggling. The fact that it has happened,…

SA officials join forces with India to crack down on drug smuggling in fruit shipments

Indian officials recently announced they intercepted a drug shipment worth R4.3 billion, hidden in shipments of apples, pears and oranges, imported from South Africa. South…

National Farmers’ Federation

Federal budget has some good news for farmers but falls short on food pricing measures

Australia's peak farming body has welcomed the Federal Government's increased commitment to sustainable farming into the future but criticised that not enough was done to combat food price inflation, including fruit and vegetables. In this week's budget, $302.1 million over 5 years from 2023–24 has been…

Guava Root-Knot Nematode

Invasive roundworm pest found in Northern Territory

In the Northern Territory, a highly pathogenic and aggressive worm that targets fruit and vegetable crops has been detected. Biosecurity officers found the invasive…

South African government will provide Eskom with R 225 billion to ensure its viability

Yesterday, South Africa's Treasury has stated it will take over more than half of Eskom's multi-billion-dollar debt. This is an attempt to ensure the energy utility's…

Egyptian Ministry of Tourism and Antiquities

'Fruit shipment' is not what it seems

Egyptian officials intercept suspicious ship with 1,700 smuggled artefacts on board

Egyptian officials have intercepted a cache of smuggled Egyptian artefacts on a suspicious vessel. The large cargo vessel was docked at the port of Nuweiba on the Red Sea. It ship should have been carrying fruits, but it had something else on board. Authorities discovered 1,752 cultural artefacts in the…

Egypt seeks new currency indicator for its pound

Egypt plans to develop a new indicator for its currency to be linked to a basket of gold and other currencies besides the US dollar, the new Central Bank Governor said. Hassan…

London march: Thousands of protesters call for UK to rejoin EU

This Saturday, thousands of protesters have marched through central London calling for the UK to rejoin the EU. The national rejoin march saw large crowds of people walk from…

Egypt: Currency devaluing faster than previous projections

Egypt’s currency will weaken at a steeper pace than expected, although inflation is likely to decrease over the next few years. The Egyptian pound, trading at 19.61 to the…

Víctor Moller, president and founder of Hortifrut, passed away

On Wednesday, October 19, Víctor Moller Schiavetti, president and founder of Hortifrut, passed away at the age of 79. "He will be remembered for his leadership, concern for…

Nigeria: Morocco’s OCP Group inaugurates fertilizer blending plant

In Kaduna, Northern Nigeria, the OCP Group has inaugurated a fertilizer blending plant. It is its first on the continent. Extending over 10 hectares, this facility houses a…

"Irradiation is simple, effective and can be used across a range of commodities and pests"

A focus on growing acceptance for Phytosanitary Irradiation internationally to expand Australia's exports

The Australian government and horticulture sector leaders are helping to spread the message that phytosanitary irradiation is an effective, safe, and environmentally sustainable treatment for fresh produce. The Assistant Director of Market Co-ordination and Strategy Group at the Department of…

Australian plants to grow on the moon

The Australian National University (ANU) is one of the organizations working with space start-up Lunaria One to grow plants on the Moon by as early as 2025.   Australian Lunar Experiment Promoting Horticulture (ALEPH-1) is the first in a series of experiments investigating whether plants can thrive on the lunar…

Launch of a new range of biostimulants for extensive crops

Grainfol a new range of biostimulants for extensive crops, is the latest launch from agricultural biotech company LIDA Plant Research on the international market, offering…

Fertilizer prices down – Surpluses emerge as farmers pull back

Fertilizer prices are dropping as farmers, frustrated by the high costs, hold off on purchases. This is driving down demand and causing gluts that are upending the market for…

Following Netflix Documentary

Goldenberry Farms expands investment into Soil Health & Corporate Social Responsibility (CSR) Programs

Goldenberry Farms, a leading grower and exporter of Sugar Mangos™, berries, and tropical fruit, announces new investments and expansion of sustainable-farming programs, including soil health and carbon bank initiatives, under its “Where good things Grow™” sustainable-farming initiative.The program was…

24 hours at the International Market of Rungis

The Rungis market has published a video showing life in the “Belly of Paris.” A dive into the heart of the world’s largest fresh produce market. Sectors of activity, logistics, training organizations, innovation, etc. Discover what goes on behind the scenes at the Paris wholesale market. 

Photo: Dreamstime Seggey Milyanchikov

Indian customs received a tipoff ahead of multiple drug seizures, among the largest ever

Drugs concealed in South African fruit a "new modus operandi", Indian media report

The Hindustan Times has reported that in the first week of October large amounts of cocaine and crystal metamphetamine were found in several containers carrying green apples and Valencias from South Africa.The fruit was on its way from a cold store when it was intercepted after police had reportedly…

India pushes for settlement of international trade with Sudan in rupee

India has reached out to Sudan towards settlement of international trade in rupees. This move is part of its push towards internationalization of the domestic currency. If…

Japanese yen at 32-year low against US dollar

After official figures showed that prices had risen faster than expected in the US, the Japanese yen touched a 32-year low against the dollar; it dropped to 147.66 against the…

"We can bury our head in the sand and not do anything about it and that will probably be the end of the industry"

An Australian pineapple farming innovation protecting environmental water quality

An innovative de-nitrification bioreactor project at a pineapple farm on Queensland's Sunshine Coast is achieving some impressive environmental results for not only the industry but also the health of the region's waterways - with hopes that more farmers can look into installing the simple technology.…

Egypt hopes to push critical IMF deal in Washington

Egypt is pushing to tie up a crucial financial package from the International Monetary Fund in Washington this week. Officials are hoping to stem a currency crisis that has…

Spain is very well-positioned for the development of biofactories to make molecules for agricultural use

Despite the EU's restrictive legislative framework, now under review, Spain is working hard so it won't be left behind in the scientific revolution involving the development of new genetic editing techniques. One of the emerging fields in this field is the development of biofactories to obtain, from…

The Ethical Trade Forums Association offers a meeting point for the entire chain, with a focus on dialogue and collaboration

How to find solutions to the difficult challenges faced daily by the agro-food sector

The Ethical Trade Forums Association, a collaborative initiative that was established in 2015, and which aims to improve the working conditions of workers in the agricultural sector, has been officially presented at the recent edition of Fruit Attraction. Sergio Barberá, CEO of Ethical Trade Forums, said…

Central Bank China claims it will 'resolutely' curb large currency swings

On Tuesday, China's Central Bank spoke out against big currency swings. It has stated that it will take steps to keep the yuan stable. The People's Bank of China (PBOC) also…

Drugs were hidden among different cargoes, one of which was fruit

Drug traffickers arrested for shipping cocaine to Valencia, Spain

A multi-year Guardia Civil investigation has brought down a gang of cocaine importers that was shipping in illegal substances in shipping containers, docking in Valencia. The…

There is concern about the lack of generational change in the agricultural sector

"60% of Spanish farmers will have retired by 2030"

More than half of the current farmers will have retired by the end of this decade, stated Sergio Ballester Caravaca, COAG agricultural technical engineer in El Mirador, during…

Washington State University leads project to advance soil-biodegradable mulches and innovate plastic recycling

New grant aims to reduce plastic taken from fields to landfills

Washington State University is leading a new project that aims to advance soil-biodegradable mulches and develop innovative methods for recycling the plastic. The projects is funded by a $8 million, four-year Specialty Crop Research Initiative grant from the USDA National Institute of Food and…

Artificial intelligence tool trialled for high-risk bug detection

Some of Australia’s brightest minds are collaborating to finalise a portable device that uses artificial intelligence to help biosecurity officers more quickly identify…

'Convert veggie trimmings to organic fertilizers'

Composting of biodegradable materials like vegetable trimming is encouraged to boost the soil and improve the quality of fruits and vegetables produced by farmers, same as this sold by the Baguio Pony boys at Wright Park in an undated photo in 2020. The municipality of La Trinidad, Benguet has reminded…

The 'Gap Year' campaign looking at the contribution Gen Z workers could make in horticulture

Peak Australian horticulture body Growcom has recently wrapped up its campaign, which not only encouraged young people to explore working in the agriculture sector but also gained valuable information about the new generation of workers (Gen Z) for future workforce planning. Agri Workforce Officer Blair…

© Dmitriy Saburov | Dreamstime.com

Plant stress: When is it (still) useful?

In horticulture, the status of a crop is described in several ways. Also, the word 'stress' is used, and it usually defines a negative situation that should be avoided. But is this correct? This question is relevant because solving this 'stress' often involves the use of energy. In the project 'Stress:…

Image: Israel Space Agency

Israel teams up with Australia to grow plants on the moon by 2025

Scientists from Australia and Israel have teamed up to grow plants on the Moon by 2025, thus ensuring food security for the planned lunar colonies. Seeds of a few plants will be sent on the Beresheet 2 spacecraft, which is targeted for launch in 2025 as part of Israel's Moon mission. According to plant…

Central Bank of Egypt plans new derivatives to build a market for currency hedging

Egypt’s Central Bank is set to allow new currency derivatives to unlock liquidity in the local market. This will make available instruments to hedge against risks to the pound…

Under the cover of a fruit business

Kerala businessman arrested in Mumbai for drug smuggling

This weekend, the Directorate of Revenue Intelligence arrested a Malayali businessman in connection with a drug trafficking incident in Maharashtra. The suspect has been…

Iranian currency at record low

Iran's national currency, the rial, fell to a record low against the US dollar amid a wave of protests triggered by the death in custody of a young woman. The rial traded at 331,800 to the dollar on…

"What we've tried to do is work through what this concept actually means in terms of horticulture production"

Australian horticulture industry strengthening its approach to sustainability goals and indicators

The Australian horticulture industry is in the process of moving from its sustainability framework stage to having a more detailed report to help guide the different fruit and vegetable industries specifically measure their goals and outcomes in the future. The Australian Grown Horticulture…

“We provide clients a complete innovative solution for farming”

Agritek has various areas of expertise, such as building greenhouses and making profitable farming feasible even in the desert ecosystem, says Mr. Nehayet Rasoul, Chief Operating Officer of Agritek: “We provide complete agriculture solutions to help farms develop more sustainable agricultural practices…

English a world language?

What is the state of English proficiency by country? Statista looked into it. The Netherlands appears to score high. Asian countries perform on average. Africa shows the biggest downward deviations.

Lebanese government set to fix currency at new level

The Lebanese Finance Ministry said in a statement on Wednesday that the Lebanese pound's official rate, which has been set at 1.5075 per dollar since 1997, will be fixed at…

India: Rupee depreciation will increase the cost of imports

The Indian rupee has dropped to a historic low of 81.09 to the dollar. This will make it more costly to import crude oil and other goods, which would further increase…

Taiwan: Central Bank spent $8.25 bln to hold back currency depreciation in H1

Taiwan's central bank has issued a statement saying that in the first half of this year it sold a net $8.25 billion to intervene in the foreign exchange market, intent on…

Industry reaction to Sterling crash

Deals that were agreed upon months ago still have to be honored at the agreed price

The UK Chancellor Kwasi Kwarteng announced a 'mini budget' on the 23rd of September, which has resulted in the Pound dropping to an all-time low against the US Dollar and hit 1.079 against the Euro on Monday. This will have a massive impact on the imports of fresh produce into the UK as contracts with…

Chinese yuan: Drop nears 14-year low

Commerce is bracing for more pushback from China’s Central Bank as the yuan is nearing its lowest level in 14 years. The onshore yuan has lost about 4% over the past month,…

Pound hits record low as markets react to the UK tax cuts plans

As markets react to the UK's biggest tax cuts in 50 years, the pound has dropped to a record low against the dollar. Chancellor Kwasi Kwarteng has promised more tax cuts on…

"It's very much about explaining what the hoops are and how to get there."

Australian government support to help make fruit and vegetable exports easier

The Australian Government has been trying to make the process of horticulture exporting easier for producers by proving support through Regional Assurance Managers (RAM), as restrictions and regulatory policies are developed between trading countries. Department of Agriculture, Water and the Environment…

Statement on the Cabinet discussions on energy of 21 September 2022

Yesterday, the Cabinet held its scheduled virtual meeting, to discuss a number of pertinent issues that will be outlined in the comprehensive Cabinet Statement to be released…

SA Harvest redirects close to 100 tonnes of citrus to food-insecure communities

Something sweet out of the bitterness of a citrus season gone awry

When SA Harvest read on FreshPlaza about citrus being dumped in the Sundays River Valley, they quickly saw how to turn that into opportunity. Right: an assortment of trucks and small pickups (bakkies) picking up citrus fruit on behalf of community organisations and soup kitchens  “We've been overwhelmed with…

Pakistani rupee nears record low as country awaits Middle Eastern aid

India's top lender asks exporters to trade with Bangladesh in rupee & taka

India’s top lender, the State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar and other major currencies as it looks to curb exposure…

Asian currencies reach multi-year lows as yuan drags

Several Asian currencies hit multi-year lows late last week, as the yuan weakened past the important 7-per-dollar level, while bets of a big U.S. Federal Reserve rate hike…

ValenteProtect

Technical solutions for orchards

Valente Iberica was set up in 2022 as a commercial and productive point of reference for the Iberian market of Valente Srl, a company established in Italy in 1963 and a global leader in the design and manufacturing of technical solutions for orchards. The production ranges from cement poles, which represented the beginning of…

Fears that the electricity grid might be close to collapse

South Africa's electricity crisis is an existential threat to the economy and society

South Africans are incredulous that the state-controlled electricity company Eskom is asking for a 32% increase in electricity tariffs while the country is experiencing power cuts for a third of the day (reportedly even longer in some areas). It is vacillating between stage 5 and stage 6 loadshedding,…

Poor retail sales reinforce economic problems

Pound falls to 37-year low

Sterling has dropped to a 37-year low on the US dollar today after weaker-than-expected retail sales figures added to worries about the health of Britain's economy. The pound fell more than 1%…

'The peach king of the US'

Didar Singh Bains has passed away at the age of 83

Didar Singh Bains, known as the peach king of California, has passed away at the age of 83. Bains was born in 1939 in the Nangal Khurd village in Punjab's Hoshiarpur district.…

Australia's first forum held to assist the fresh produce industry grow with phytosanitary irradiation

More than 150 people attended Australia's first phytosanitary irradiation forum in Melbourne today, with the aim of ensuring that the treatment continues to be developed effectively to protect and grow Australia’s horticultural industry. Phytosanitary irradiation use in Australia has grown significantly…

Italy's Bioplanet hosted the 15th edition of the IOBC - MRQA Working Group

Researchers from all over the world at the Cesena-based biofactory

Researchers from around the world who attended the 15th IOBC - MRQA Working Group, 'Delivering on the Increasing Demand for High Quality Invertebrates' in Bologna, Italy, last week also visited the Bioplanet insect factory in Cesena, Italy, as an active member of the organizing committee. Participants…

Biosecurity - 'We Can All Do Our Part' awareness campaign kicks off for school holidays

Western Australians are being urged to do their part to keep our State free from devastating pests and diseases that could affect animals, primary industries, and the…

US dollar soars to 24-year high versus Japanese yen

Yesterday, the US dollar surged to a 24-year peak against the yen and a 37-year high versus sterling. Japan's dovish monetary policy and Europe's economic problems are now…

Recycling near you

Melbourne school replaces canteen vending machine with student-run vertical farm

As part of an education program, students in Melbourne are learning how to grow their own edible plants on an urban farm that has replaced the canteen’s vending machine. The program, run by social enterprise Farmwall, is designed to teach youth about sustainable urban farming as a method of mitigating…

As energy demand will be spiking

Governor of California temporarily removes requirement for berthing vessels to connect to shore power

Governor Gavin Newsom has removed the requirement for berthing vessels to connect to shore power at Californian ports. He made the announcement on 2 September, stating that…

Euro drops to 20-year low

On Monday, the euro hit a 20-year low after Russia said it would shut off its main gas pipeline to Europe, citing ‘maintenance issues’. The European currency dropped as much as 7% to 98.8 cents,…

Tree planted in memory of Frank Costa AO

A project to commemorate Frank Costa AO and contribute to biodiversity across Costa farms has started, with trees planted at our farms in the Sunraysia region. Frank Costa…

Sterling suffered worst month since Brexit

In August, Sterling suffered its sharpest monthly fall against the US dollar post-Brexit, as political uncertainty and a historic cost-of-living crisis weigh heavily on the…

China ups currency defense as yuan nears 7 per dollar

The People’s Bank of China has set its daily reference rate for the yuan at 6.8906 per dollar. That’s after the bank set the yuan fixing at 249 pips higher than estimated on…

Biden declares emergency over Mississippi water crisis

President Joe Biden's administration approved an emergency declaration over a water crisis in the State of Mississippi, also ordering Federal assistance to supplement the…

South Africa: Limpopo dam levels have dropped slightly

A weekly report on dam levels issued by the Department of Water and Sanitation in Limpopo has shown a slight drop of the province’s dam levels from last week’s 87,2% to 86,9% this week. During a similar period last year, the province’s overall storage capacity stood at 81,9%. This marginal drop means that the available…

Ghana: Currency drops past 10 to a US dollar for the first time

As Ghanese investors await a financing deal with the International Monetary Fund, the nation’s currency dropped past 10 to a dollar for the first time. The cedi has dropped…


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