Dropping Rupee Impacts Imports and Economy The Indian rupee has continued to drop in value against the U.S. dollar. It is currently trading at 70.14 versus the USD, and the depreciation is now at 10.30 percent. As noted in the 29 June 2018 report (click here), the Indian rupee had at that time lost 7.7 percent of its value against the USD since 1 January 2018 and was thought then to have found its bottom. In the past month alone, however, the rupee has depriciated 2.39 percent, making it the most vulnerable and worst performer in Asia.
This is a difficult situation, according to experts, as imports will be expensive. This is especially the case with crude oil, which has touched $70/barrel. India’s vegetable oil imports are a...
The US election is over, but the market’s debate is just beginning. A shift in Washington’s balance of power is changing policy expectations, while developments involving Iran and an early decline in the dollar are adding to the uncertainty. Now traders must decide how much of that...
Key Takeaways: The 2026 U.S. Midterm elections surprised many pundits and have created significant changes in how agriculture and major agricultural production states will be represented in Congress. Details on how candidates expect to address agricultural issues are still limited, and no offi...
Key Takeaways: Japan’s mountainous geography and limited farmland constrain domestic agricultural production, while its highly developed economy and substantial purchasing power make it one of the world’s most important agricultural import markets. Japan’s calorie-based food...
