The recent much publicised cases of fraud and losses in various trading companies in Asia and MENA (e.g. Hin Leong, Agritrade, Phoenix, Hontop Energy and Zenrock) have left a deep mark on the industry. The “usual suspect” group of financing banks (e.g. HSBC, ABN AMRO, Société Générale, Natixis, CACIB, BNP Paribas, ING, MUFG etc.) was seriously impacted with potential losses in some banks going well over USD 100 million. As a direct consequence some leading banks have decided to completely discontinue the coverage of this sector, others have discontinued their activities in certain geographical regions and let their respective teams go. Furthermore, new business has been frozen and thorough reviews are currently being prepared by other leading sector lenders.

Major Factors Affecting Global Soybean and Products Trade Projections

Blockchain offers a range of benefits for the fresh produce industry. It promises greater transparency and traceability in supply chains; implicating improved productivity and greater food safety. By providing logistical insight, and increased control over produce; blockchain could help fresh produce businesses reduce costs, scale production, and invest in focused growth.

mports are the goods and services imported from other countries. International trade is carried out through these transactions, including exports and imports. Importing is important for the economy of a country because it provides its people with goods and services that may be scarce, high cost, or low quality in their own country. Moreover, foreign companies usually choose to export their products so they can earn a stable profit margin and also increase sales of their goods and services. As some countries are better at supplying low-cost raw materials, it makes sense for them to be manufacturing and exporting their products to countries where it would be more expensive. The customs department of the country that the goods are being imported into is usually involved in the import business. The importing business may seem attractive considering that a lot of the foreign countries are capable of producing the goods and services in a cheap and efficient manner.