KIEV — The Ukrainian Grain Association (UGA) on Thursday upgraded its forecast for the nation’s mixed grain and oilseeds harvest this 12 months by about 11 % to 76.8 million tons.
“The increase in the forecast for this year’s crop is due to favorable weather conditions and better crop yields than expected,” the affiliation mentioned in a press release on its web site. (Ukraine-Grain Output)
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HANOI — Vietnamese exporters have been urged to diversify export markets amid challenges posed by world rising inflation, the downward development in commodity costs and the falling demand in lots of markets, native newspaper Vietnam News reported on Friday.
The diversification of export markets is now a matter of survival for companies within the present context, the newspaper cited Pham Thi Ngoc Thuy, director of the Private Economic Development Research Board. (Vietnam-Export-Market)
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TOKYO — Tokyo shares ended barely greater on Friday after a rebound from important losses earlier within the week, whereas the market cautiously awaited the forthcoming U.S. employment information, which has the potential to point an prolonged interval of U.S. financial coverage tightening.
Japan’s benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, rose 33.47 factors, or 0.10 %, from Thursday to 32,192.75. (Japan-Market-Stocks)
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ISLAMABAD — The State Bank of Pakistan (SBP) mentioned that its overseas alternate reserves had decreased by 32 million U.S. {dollars}.
During the week ending on July 27, the overall overseas alternate reserves of the Pakistani central financial institution fell to round 8.2 billion {dollars}, the SBP mentioned in a press release. (Pakistan-Forex Reserves)