Page 154 - Import News Today

SEOUL: Price for imported goods to South Korea marked the first rebound in three months due to higher prices for global crude oil, central bank data showed on Thursday.

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THE governments plan to import around 500,000 metric tons (MT) of rice does not ensure prices will go down, the Federation of Free Farmers (FFF) said.

JAPANESE media has reported that China has told Japan that its blanket radiation testing on seafood imports from Japan is necessary to protect its consumers. Chinese observers said they believe the bilateral diplomatic communication over the nuclear-contaminated wastewater issue can help restrict Japan from starting its arbitrary dumping of the water from the Fukushima nuclear power plant.

Export prices in South Korea were up 12.8 percent on year in July, the Bank of Korea said on Thursday. That was below estimates for a decline of 16.5 percent following the 15.

The government has issued mandatory quality norms for electric ceiling fans to curb the import of sub-standard goods and boost domestic manufacturing of electric fans.

Minister Luhut says Indonesia has agreed to import meat and cattle from Brazil.

The court also suspended the decision to grant exclusive exportation rights to nine processors and dealers.

The cost of U.S. imported goods rose 0.4% in July, the Labor Department said Tuesday.

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