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Showing posts from October 13, 2011

WHY THE IMO TAKES NOURIEL ROUBINI VERY SERIOUSLY...

How Nouriel Roubini Became a Research Brand

October 12, 2011 • Loch Adamson




Page 1 of 8



On a recent muggy July morning in London, Nouriel Roubini was doing what he does best: lecturing. 
With his shirtsleeves rolled up, the New York University Leonard S. Stern School of Business economics professor outlined, in his low, guttural voice, the reasons why the slowdown in global growth was raising the probability of another recession in advanced economies. 
The U.S. had yet to face up to its unsustainable deficit, he explained, and problems in the euro zone were intensifying. Public and some private debt in Greece, Ireland and Portugal would have to be restructured. Political dithering, while postponing the inevitable, was raising the likelihood that the restructuring would be disorderly — and damaging — for global credit markets.

Roubini’s audience sat in rapt silence. No one moved, although the crowded room was hot and uncomfortable. Finally, Roubini paused for questions. His listeners, howe…

FAO REPORT ON INDUSTRIAL USE OF MANGO SEED...

Mango seed

I. GENERAL

COMMON NAME OF THE OIL

Mango Kernel Oil

BOTANICAL NAME

Mangifera indica

FAMILY

Anacardiacae

OTHER NAMES HABITAT

Tropical

MAJOR PRODUCING COUNTRIES

India

YIELD AND DESCRIPTION

While considerable variations occur depending on variety on average the dry stone makes up some 10% of the fruit weight. The -kernel makes up 75% of the seed weight and contains, on average, 10% oil (Bring)).

It has been estimated that in India alone some 30,000 tons of oil could be extracted from 4 million tons of the total annual harvest of 7 million tons (Bring)). Some mango kernel oil has been commercially extracted in India with 150 tons being exported in 1976 rising to 850 tons in 1978 (Bring)).

MAIN USES

The main use of mango is as a fresh fruit and as an ingredient in a wide range of fruit products. The kernels are edible, have a protein content of about 9% and are eaten, particularly in times of food scarcity. Oil is commercially extracted from the kernels in India and finds use as a cocoa butter s…

MANGO SEED : SECONDARY BENEFIT OF "VALUE ADDED" PROCESSING OF MANGO...

Another benefit to mango growers and exporters who process the fruit at source point is the "minor" oil that comes from pressing the seed:



Mango butter is the fatty acid cold-pressed from mango seeds. 
Its properties and even chemical structure are similar to cocoa and shea butter, and it is used for many of the same purposes. 
The natural form of mango butter is semi-solid and non-greasy, and it is used as a moisturizer for hair and skin as well as an ingredient in cooking.

Raw mango butter is rich in oleic acid, a mono-unsaturated omega-9 acid, and stearic acid, a saturated fatty acid. 
Its natural ingredients act as emollients to add moisture to and soothe dry skin and hair. 
Emollients play an important role in adding moisture to skin and improving its elasticity and ability to heal itself. 

Mango butter is a common product in many commercial soaps, lotions, and even cosmetics. It may also be included in shampoos, conditioners, and hot-oil treatments for hair.

Another common use…

MOST READ POSTS ON THE IMO BLOG (PAST 7 DAYS)...

INDIAN PORTS COME TO A TEMPORARY "STAND STILL"...

Congested Indian Port Suspends Export Operations
JOC Staff | Oct 13, 2011 3:42PM GMT
The Journal of Commerce Online - News Story



Port of Chennai also scales back vessel handling as bottlenecks reach critical level




The port-terminal authorities at Chennai, India’s second-largest container gateway, temporarily suspended export cargo movements and scaled back vessel handling as congestion at its two marine terminals reached a critical level.


“In order to ease the current situation a bit, eventually with no other options, there will be a complete stoppage of exports from Oct. 13 through Oct. 16,” a representative of the Chennai Steamer Agents’ Association said.


The decision came at a recent meeting with stakeholders to identify measures to tackle the worsening port situation that spurred surcharge announcements by ocean carriers and cargo diversion by shippers. A leading shipping line agent at Chennai said the closure and restrictions could lead to serious berthing delays and schedule disruptio…

LATEST FROM ST&R ON THE FREE TRADE AGREEMENTS APPROVED BY BOTH CHAMBERS OF THE USA CONGRESS...

October 13, 2011


CONGRESS APPROVES FTAS, RENEWS GSP AND ATPA PROGRAMS


The Colombia, Korea and Panama free trade agreement implementation legislation was approved last night by both chambers of Congress.



The FTAs were signed in 2006-2007, but congressional approval for implementation had been delayed due to various domestic interests. 
They were finally endorsed yesterday with fairly comfortable margins, though as expected, a large majority of Democrats in the House voted against the Colombia FTA due to ongoing concerns about labor rights protections. 

President Obama is expected to sign the agreements sometime next week.

While actual implementation may take several months to complete, companies can now prepare to take advantage of these economy-boosting preferential trade programs. 
According to the International Trade Commission, the Colombia FTA will expand exports of U.S. goods alone by more than $1.1 billion while the Korea FTA promises to add $10 billion to annual merchandise exports…

ECUADOR & PERU MANGO SHIPPERS WOULD DO WELL TO TAKE THE WEATHER INTO ACCOUNT THIS WINTER...

Brutal Winter Predicted for U.S.

Another La Nina in the Pacific Ocean will make it a cold and snowy winter in most parts of the country

By Heather Buchman and AccuWeather

 | October 6, 2011 |


Image: AccuWeather.com



The AccuWeather.com Long-Range Forecasting Team is predicting another brutally cold and snowy winter for a large part of the country, thanks in large part to La Niña... yet again.

La Niña, a phenomenon that occurs when sea surface temperatures across the equatorial central and eastern Pacific are below normal, is what made last year's winter so awful for the Midwest and Northeast. Monster blizzards virtually shut down the cities of New York and Chicago. Last winter was one of New York City's snowiest on record.

La Niñas often produce a volatile weather pattern for the Midwest and Northeast during winter due to the influence they have on the jet stream. The graphic below shows the position the jet stream typically takes over the U.S. during La Niña.



This graphic illustrates …

IMO TWITTER ACCOUNT CONTINUES TO GROW...A GREAT WAY TO KEEP UP WITH THE IMO BLOG...

A GREAT WAY TO KEEP UP WITH THE IMO BLOG & ALL THE LATEST NEWS FROM MANGO WORLD MAGAZINE IS TO BECOME A FOLLOWER ON TWITTER !


Here is our "call sign" on TWITTER:
 @I_Mango_Org

These are your Twitter stats from last week. 

Follow the activity of your Twitter account on   TwitterCounter.com →











Followers
392
Growth this week


Prediction next week
396

www.twitter.com


FORCAST FOR USA MARKET FROM NATIONAL MANGO BOARD (NMB)...

Mexico, Brazil and Ecuador
Mango exports to the United States analysis


The National Mango Board affirmed that during the first week of October, the amount of mango exported to the United States was 826,535 boxes, representing 9.4% less than in the last week of September.



Mexico was one of the countries that lowered the amount of exported mangos during the first week of this month, by sending 67,551 boxes, which represents 69% less by comparison with week 39. For last week, the estimated amount was of 60,000 boxes of mangos exported to the US. 

One of the reasons why the amounts dropped has to do with the end of the season last week, with 55,700,000 boxes.



As assured by the National Mango Board, it's believed that the most important varieties for 2011 are: Tommy Atkins (35%), Ataulfo (26%), Kent (22%) and Keitt (11%). 
Moreover, the exported amount in 2011 will be, at least 50 million boxes (8.8 lb/box) 



The mango campaign in Brazil started in August and it will end by the beginning of No…

CAUTION IS URGED FOR MANGO EXPORTERS IN UNCERTAIN ECONOMIC OUTLOOK...

Business trends in international freight forwarding

The business for international freight forwarders showed improvements in 2010 and through the first half of 2011. However, global economic uncertainty has dented recovery. What’s in store for international freight forwarding in 2011 and beyond? There are some early trends, but at this stage they are etched in sand rather than stone.



By George Lauriat, Editor-in-Chief,AJOT



Recent trends in International Freight Forwarding suggest a slowing in business after a recovery in 2010. 
Global political and economic uncertainty has dampened recovery, although it is perhaps too early to understand the full impact. 
What impact will Greece’s financial woes have on European trade? Will the ongoing political uncertainty in the Middle East dog trade in the region? Will China’s emphasis on domestic development under the new Five Year Plan, squeeze exports or spur imports? Whither India: will a burgeoning middle class push demand for imports or another d…

ISO (INTERNATIONAL STANDARDS ORGANIZATION) MARKS 20TH ANNIVERSARY OF VIENNA AGREEMENT...

20th anniversary of Vienna Agreement on maximizing effectiveness of international and European standardization



2011-10-13

Twenty years of the "Vienna Agreement" which helps to ensure that international and European standards avoid duplication and make the best use of development resources are being celebrated at an international conference in the Austrian capital on 4 November 2011.


ISO President, Dr. Boris Aleshin, and Vice-President (technical management), Mr. Jacob Holmblad, are to attend the conference which marks the signing of the agreement between ISO (International Organization for Standardization) and the European Committee for Standardization (CEN). The conference is being organized by the Austrian Standards Institute (ASI), which is a founder member of both organizations, with the support of ISO and CEN.

The conference will situate the Vienna Agreement in the global economic context. It will look back at its successes and lessons and, most importantly, address the fut…

CAMBIO EN EL CORPORATIVO DE CAMPOSOL...

Renuncia Gerente General de Camposol



El Consejo Administrativa de Camposol Holding Plc anuncia que el Sr. Fabio Matarazzo di Licosa ha renunciado a la posición de Gerente General. A partir del 10 de octubre del 2011, el Sr. Samuel Dyer Coriat, Presidente de la Junta, también tiene la función de CEO, convirtiéndose en Presidente Ejecutivo.

"El liderazgo de Fabio en los últimos dos años guió a la compañía para convertirse en un participante global importante en la calidad de productos agrícolas de la marca. La Junta quiere aprovechar esta oportunidad para darle las gracias por su dedicación y por haber desempeñado un papel destacado en la apertura del mercado estadounidense para el aguacate peruano Hass, evento que representa un alza importante en el valor de la empresa y los resultados financieros futuros. La Junta le desea lo mejor en sus proyectos", dice el Sr. Coriat.

Después de su proceso de inclusión en el año 2008, la compañía dirigió la mayor parte de sus proyectos de exp…

COAST OF JALISCO TAKES FULL FORCE OF HURRICANE JOVA...

Hurricane Jova barrels into Mexico's Pacific coast
by Staff Writers
Manzanillo, Mexico (AFP) Oct 11, 2011






Hurricane Jova barreled into Mexico's Pacific coast late Tuesday, according to the national weather service, unleashing torrential rains and threatening devastating mudslides.

"Jova is landing on the coast of Jalisco, 45 kilometers (28 miles) southeast of Punta Farallon," meteorologist Marco Antonio Lugo told AFP, adding that it was a category two storm on the five-point Saffir-Simpson wind scale.

The US-based National Hurricane Center had earlier predicted that Jova would weaken after hitting land but warned of heavy rains and life-threatening mudslides.

The bustling port city of Manzanillo had been bracing for the storm's arrival, as Mexico issued hurricane alerts for large swaths of the Pacific coast and placed four southern coastal states on high alert.

A zone of some 500 kilometers (300 miles) could be affected by the storm, stretching from the port of Lazaro C…