Page 8 - Lean Hogs News Today

ASIA: China’s consumer prices rose in September at their fastest pace in more than two years as pork prices climbed, the National Bureau of Statistics said last Friday. The consumer price index increased by 2.8% last month from a year ago, matching expectations from a Reuters poll. Much of the gains came from a

ASIA: Singapore's economy grew at a slower pace of 4.4 percent, but exceeded expectations, in the third quarter of 2022, according to advance estimates released by the Ministry of Trade and Industry (MTI) last Friday. On a quarter-on-quarter seasonally adjusted basis, Singapore's gross domestic product (GDP) expanded by 1.5 percent after contracting 0.2 percent in

ASIA: The Bank of Japan is considering revising its inflation outlook upward for the current fiscal year to next March, factoring in a bigger-than-expected impact from the yen's sharp drop and higher commodity prices, Reuters reported. The central bank is widely expected to maintain its ultralow rate policy as the pace of economic recovery

ASIA: India’s retail inflation is set to ease from September levels, while economic activity is poised to expand, the Reserve Bank of India said in its monthly bulletin published on Monday. India's retail inflation accelerated in September to a five-month high of 7.41% from a year earlier as food prices surged. RBI said the persistence

ASIA: Growth in India's services industry eased to a six-month low in September, led by a cooling in demand amid high inflation, a private survey showed. The S&P Global India services Purchasing Managers' Index fell to 54.3 in September from August's 57.2, lower than the Reuters poll expectation of 57.0. However, the September reading stayed

ASIA: Business sentiment among Japanese manufacturers worsened for a third straight quarter from July to September, according to a survey by the central bank, as the world's third-largest economy struggled with rising costs, a slumping yen and pandemic restrictions. The business outlook for major manufacturers fell to plus-8 in September from plus-9 in June,

ASIA: The Agricultural Bank of China will provide more than 300 billion yuan ($43.3 billion) in loans to support the country's autumn harvest and planting, China Central Television (CCTV) reported on Monday. According to a CCTV report, the loan will focus on areas including grain production, storage of agricultural products, cold chain logistics and

ASIA: To stabilize China's foreign exchange market and support the value of the yuan, the country's central bank, the People's Bank of China (PBC), announced that it will raise the foreign exchange (FX) risk ratio for foreign exchange forward trading from 0 to 20 percent, effective Wednesday. It will increase the cost of foreign exchange

ASIA: India's restrictions on rice exports have crippled trading in Asia, with buyers seeking alternative supplies from Vietnam, Thailand and Myanmar, where sellers are delaying deals as prices rise, industry officials said. India, the world's top grain exporter, on Thursday banned shipments of broken rice and imposed a 20% tariff on exports of various other