Kiwifruit harvest 2022 in the bin

The 2022 harvest of New Zealand’s largest horticultural produce, kiwifruit, is now largely complete with almost all 2,800 growers’ orchards from Kerikeri in the north to Motueka in the south picked for consumers. The 2022 season was expected to have a record-breaking...

Tight supply underpins oil price

Global oil prices rose by as much as 1% on Tuesday. Traders attribute the gains to continued tight global supplies and increased summer fuel demand in the US and Europe, notes CommSec. “Supporting prices were predictions from Exxon Mobil Corp Chief Executive Darren...

Oil prices swing higher

Global oil prices swung higher in volatile trading on Monday, as traders focused on tight crude supplies over slowing global economic growth. The Brent crude price rose by US$1.01 or 0.9% to US$114.13 a barrel. And the US Nymex crude price gained US71 cents or 0.6% to...

US investors fear rate hikes

14.6.22 US sharemarkets slumped again on Monday with investors fearing that aggressive inflation-fighting rate hikes could tip the economy into recession, notes CommSec. Reuters reported "Cryptocurrency- and blockchain-related stocks, including Riot Blockchain,...

Global food crisis looms

Global food prices continue to strengthen as shortages loom for basic foods such as grains, says the ANZ bank in its latest Agri Focus report. This means there will also be a shortage of carbohydrates to feed livestock, says ANZ agri economist Susan Kilsby. “This...