Developing Countries Are Increasing Food Export Revenues – FAO

A new report published on Thursday by the Food and Agriculture Organisation (FAO) says developing countries are managing to increase food export revenues. Global trade in food products has proven remarkably resilient during the COVID-19 pandemic. Data available through June “suggest strong, albeit not complete, resilience of the global food markets to COVID-19 shocks”, the […]

GLOBAL PANDEMICS, GLOBAL DISASTERS AND THE NEW GLOBAL REALISM

The progressive march of human civilization, especially in science and technology in the last two centuries had seemed to make the world in which we live fairly foreseeable and predictable in almost all spheres. As a matter of fact, humanity, at certain times, had been tempted to crow, quite deafeningly about already living in the […]

Latest UNCTAD Report Says Merciless COVID-19 Cuts Global Trade Values in 2020 Q1

The hard-hitting COVID-19 pandemic has mercilessly slashed global trade values by three per cent in the first quarter of this year. So says the latest data published by the United Nations Conference on Trade and Development (UNCTAD) in a joint report by 36 international organisations. Unfortunately, the downturn is expected to accelerate in the second quarter, with […]

Drop in global trade growing worse than 2008 – WTO

The World Trade Organization (WTO) has said that drop in the world is growing worse and is predicting a severe decline in international commerce this year than the 2008 experience. In a new report, the WTO forecasts a contraction of between 13% and 32% this year. The wide range of possibilities reflects the uncertainties about […]

Global Trade, Economic Output Stagnated In 2019, UNCTAD Says

The 2019 Handbook of Statistics published by the United Nations Conference on Trade and Development (UNCTAD) says global trade and economic output stagnated this year after a continued surge last year.   Merchandise trade is however, predicted to drop by 2.4% to $19 trillion, after significant growth rates in 2018 (9.7%) and 2017 (10.7%). Trade […]

Clarksons Research Says Global Trade in LNG is Zooming 

The global trade in Liquefied Natural Gas (LNG) has continued its upward climb with an expected 7.4 percent growth next year, going by a Clarksons Research forecast. Clarksons Research is respected worldwide as the most authoritative provider of data and intelligence for global shipping. According to them, ‘’global trade in LNG continues its strong growth […]