• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Samsung Electronics rose 2%, and SK Hynix rose 0.5%.Futures News, July 14th - According to foreign media reports, ICE canola futures closed higher on Monday, with the benchmark contract rising 1.47%, mainly boosted by a sharp rise in international crude oil futures. US President Donald Trumps reinstatement of the blockade of Iranian vessels in the Strait of Hormuz triggered a surge in international crude oil futures. This followed military strikes by the US and Iran in the Middle East over the weekend. Continued rainfall across much of the Canadian Prairie may reduce the canola harvested area, with abandonment rates potentially exceeding the usual 1%. The Canadian dollar was almost unchanged on Monday afternoon, trading at 70.68 US cents per Canadian dollar.July 14 (Futures News) – According to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed sharply higher on Monday, with the benchmark contract rising 3.2%, reaching its highest level in over a month, following the surge in international crude oil futures. US President Trumps announcement that the US would reinstate a naval blockade against Iran reignited concerns about disruptions to energy transport through the Strait of Hormuz, pushing global benchmark September Brent crude futures up 9.59%, reaching their highest price since June 12.On July 14th, according to foreign media reports, most corn futures contracts on the Chicago Board of Trade (CBOT) closed higher on Monday, with the benchmark contract rising 0.5%, mainly reflecting concerns about hot and dry weather in the Midwest and a surge in crude oil futures. The benchmark December contract touched $4.695 during the session, its highest level since June 2nd. Weather forecasts indicate that the western Corn Belt will continue to experience hot and dry weather this week, potentially extending into next week. July is a crucial month for the corn crop, as most corn will enter the pollination stage at this time. The pollination period is a key stage in determining corn yield. The U.S. Department of Agriculture predicts that the average U.S. corn yield in 2026 will reach the second highest on record, at 183 bushels per acre, second only to last years record of 186.5 bushels. However, the continued high temperatures could affect the crops harvest prospects. One analyst stated that if this weather persists, a yield of 180 bushels per acre may be closer to reality. A decline in yield will suppress U.S. supply. He added that if the yield is below 180 bushels per acre, the U.S. corn supply will be very tight.Venezuelas chief economic advisor: We will release a sustainability analysis of the necessary debt restructuring in the coming weeks.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

微信截图_20230227135413.png


According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.