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Canada bets big on canola as China-US spat creates opening

Bloomberg As China plans for tariffs against US soybeans, Canada’s farmers are gearing up to exploit an opening for demand by doubling down on oilseeds. Growers will probably swap out lentils, peas and cereal crops in favour of canola amid higher prices and the US-China tensions, said David Reimann, a market analyst at Cargill Ltd. Plantings could reach 24 million ...

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India’s gold imports fall by half

Bloomberg Gold imports by India, the largest market after China, fell by almost half last month, according to a person familiar with the information, even as jewellers prepare for “decent” sales during an auspicious Hindu day. Shipments plunged 47 percent to 64.2 metric tons in March from 121 tons a year earlier, the person said, asking not to be identified ...

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Foreigners buy Indian bonds

Bloomberg While there’s still skepticism that India’s state-run banks will get back into the nation’s sovereign bond market, overseas investors are keen to buy more of the notes after the central bank granted them greater access. India’s high yields and relatively stable currency have spurred Mitsubishi UFJ Kokusai Asset Management to buy more rupee securities, said Tatsuya Higuchi, executive chief ...

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