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Morning round-up, Monday December 02


* According to data from Indonesia’s trade office, the country’s Lampung province exported 15,798.5 tonnes of Sumatran robusta beans in November.


That is up 41% compared to the same month a year earlier.




* According to Chinese state media, the Asian nation wants the US to remove all existing tariffs on Chinese goods as part of any phase one deal the two countries agree to.


Global Times, which is published by the ruling party’s People’s Daily newspaper, reported on Sunday that Chinese officials close to the negotiations said that the US was resisting this demand.



* Algeria spent around 12% less on cereal imports in the first nine months of 2019 compared to the same period in 2018.


Government data showed that the value of cereal imports for January to September reached a total of $2.1bn.


This was down from the $2.4bn spent in 2018 for the same period.




*AmSpec Malaysia reported on Saturday that the country’s palm oil exports in November reached 1,418,415 tonnes, down 7.4% compared to the 1,532,237 tonnes exported in October.


Intertek Testing Services said that exports for the month reached 1,414,884 tonnes, down 2.9% from October’s 1,456,624 tonnes.




* Russia has given two Brazilian beef plants access to its markets after it had placed a temporary ban on pork and beef imports from the South American nation in 2017 due to the presence of ractopamine, a feed additive banned in the country.


The authorised plants are operated by JBS and Minerva SA.




* Cocoa prices in Nigeria’s Cross River, Ogun and Oyo states jumped to their highest level since the beginning of the year.


According to Dow Jones, traders and officials in the country point to high demand at time when supply is low due as the reason behind the improved prices.


Prices in Cross River, the country’s second largest cocoa producing region, jumped to 835,000 Nigerian naira ($2.320) a tonne last week from between 810,000 naira and 815,000 naira the week before.




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