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May-June Monthly Newsletter from Foodchem
Trade News
In an environment of stable consumption growth and abundant stocks globally, much of the variation in the wheat supply chain emanates from supply shocks and major disruption to trade flows. Weather events, farmer profitability, and improved yield potential are some of the major factors that influence global wheat production.
Global wheat trade flows are made more complex by robust export competition between the major exporters. Currency devaluations in major exporting and importing countries, trade protectionism, and competition between different cereal grains compound the complexity of global wheat trade flows.
Egypt鈥檚 government has indicated domestic firms will no longer be required to use letters of credit (LCs) when buying production inputs and raw materials from abroad, just months after the new import rule was introduced. In February, the Central Bank of Egypt (CBE) issued circular instructing trade finance banks to stop using the documentary.
Company News
In the year 2022錛?we are officially opening our future-proof new home base in Jiangxi, China. Meet up in Jiujiang.
The move to the new site is part of the Focus to Perform program, a larger strategic initiative that focuses on operational excellence. The new factory, and accompanying infrastructure, offer a strong base for gradually improving our efficiency and will help us to respond quickly to new market trends.
The factory is equipped with advanced machines and qualified management, Foodchem is confident it to meet the higher challenges, and create a better future.
Foodchem is appreciate to have reached this outstanding milestone of having more than 200K followers on Facebook. We are big thanks to everyone who follows our page and comments on our content. We appreciate your support and enjoy engaging with you! You are helping us grow and we鈥檙e really grateful for this.
Foodchem has the aim to promote innovation-driven development and the digital economy. Early in May, Foodchem has the New Cooperation for one of the Top 100 companies and exchange of experience between foods, feeds, ingredients, and beverages organization in North America.
We are delighted to announce the new what's app tool interface will allow companies to speed up their response time to our customers.
Public Holidays
The renowned聽(tīng)Dragon Boat Festival, also known as Tuen Ng, falls on the fifth day of the fifth lunar month. It commemorates the death of Qu Yuan, a Chinese poet and minister known for his patriotism and contributions to classical poetry and who eventually became a national hero.
Mother鈥檚 Day聽(tīng)is a holiday in honor of mothers that is celebrated in countries throughout the world. In its modern form the holiday where is observed on the second Sunday in May. Where it continued into modern times, although it has largely been replaced by Mother鈥檚 Day.
The date of June 1st is used by many ex-Soviet countries as 'The International Children鈥檚 Day聽(tīng)was established on 1 June 1950 following the Women's International Democratic Federation's congress in Moscow that took place in 1949. Throwback to that day,聽(tīng)Foodchem聽(tīng)has a gift given to the kids of our employees. It was tended to our employees feel noticed and valued not only themselves but family.
