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Beef prices in the US continue to rise


As ranchers face the leanest herds in 70 years A years-long drought in the American West has dried up pastures and created a shortage of calves... The average price of a pound of ground beef rose to $5.79 in US cities in March, up 12.8 per cent from last year and the highest on record, according to Labour Department data. The price of raw beef steaks also hit all-time highs, reaching $10.98 per kilo. A years-long drought in the American West has dried up pastures and US farmers have steadily reduced their herds, creating a shortage that has driven up the price of calves and, consequently, other beef products. Labour and insurance costs have also risen, and although cattle weights are higher than ever before, this is not enough to compensate for the collapse in cattle numbers... Inflation is low (2.3%) but is likely to rise soon with the tariffs.

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From Uniqlo to Temu: Japanese buyers make a generational change


Chinese platforms have broken through barriers once considered impenetrable Temu and Shein because they offer products at prices as much as 90% lower than Japanese retailers. Japan has long been known as a retail graveyard, where even global giants like Tesco, Walmart and Carrefour have failed. The rise of Chinese platforms signals a fundamental shift in one of the world's most closed consumer markets. Historically, the retail and e-commerce sector in Japan has been defined by its insularity. Local groups such as Aeon, Uniqlo and Rakuten have long dominated, thanks to intricate supply chains, loyal customer bases and favourable regulatory environments. Cultural factors add another layer of difficulty for foreign players, from the long-standing preference for domestically manufactured products to geopolitical tensions, particularly among the older generation. Yet a surprising reversal of this trend has been taking place in recent years. Chinese companies, including PDD Holdings' Temu and Shein, have broken through barriers once considered impenetrable, offering products at prices as much as 90% lower to local retailers. Chinese-ownedTikTok is preparing to enter the Japanese online shopping market in the coming months, signalling a further deepening of the Chinese retail push in the country...

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Overall, Chinese exports grew in April


This morning the Chinese chinese import-export data for April (remember that Trump's official announcement of duties took place on 2 April) Export from China to USA -21% in April (-2.5% YTD) US imports to China -14% in April (-4.7% YTD) Overall Chinese exports grew in April with strong contributions from Asean🇮🇩🇵🇭🇹🇭and Europa🇪🇺 the number of cargo ships travelling from China to the US dropped dramatically towards the end of the month Read about it here but also here

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Disney and Google


Disney 10.76% after announcing more foot traffic and higher spending at its parks Alphabet (Google) closed at -7% speaking in court for an antitrust case against Alphabet Eddy Cue an Apple manager said that for the first time in history the volume of Google searches passing through Safari (Apple's browser) has dropped the main reason is the growth in the use of the various AI systems for searches remember that Alphabet is worth about $1.8tn and 90% of its revenues come from searches

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FAO: Food price index on the rise


Global food commodity prices rose in April, driven by rising prices of cereals, meat and dairy products that outpaced declines in sugar and vegetable oils, the UN Food and Agriculture Organisation said today. The FAO food price index, which tracks monthly changes in a basket of internationally traded food products, averaged 128.3 points in April, up 1 per cent from the March estimate of 127.1 points. Note below the inflationary peak of 2022

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Amazon invests $4 billion to expand delivery network in rural America


This investment will grow the company's rural delivery network footprint to over 200 delivery stations. According to Amazon, once the expansion is complete, its network will be able to deliver more than 1 billion more packages each year to customers living in over 13,000 postcodes covering 1,200,000 square miles - an area the size of Alaska, California and Texas combined. Amazon opened its first rural delivery station in 2020. Three years later, it began scaling its small-town delivery network and has already experienced a 50 per cent improvement in delivery speed on average