Data showed the yuan accounted for 31% of the non-US dollar payments for Russian coal in June and the Hong Kong dollar for 28%. The euro made up under a quarter and the Emirati dirham around one-sixth of the payments.
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoiding the US dollar and cutting the risk of breaching Western sanctions against Moscow.
Registered in Singapore but run from Dubai, the trading group Swiss Singapore, which is well-connected in New Delhi, has successfully started exporting rice to Africa. It has made a name for itself
By poaching veterans from rice trading giant Phoenix Global, which was liquidated in 2020, and taking over its contractual positions, the firm s competitors Swiss Singapore, Olam and Ameropa are now
The lowest price offered in the tender from Bangladesh’s state grains buyer to purchase 50,000 tonnes of rice which closed on Sunday was $421.99 a tonne CIF liner out, officials and traders said on Monday. Offers are still being considered and no purchase had yet been made, they said. The lowest offer was submitted by .