- China's trade surplus widened and exports recovered last month. The nation's trade balance widened to $60 billion, taking the full-year tally to $594.5 billion. Exports slid 1.4 per cent in U.S dollar terms in December from a year earlier while it rose if accounted in the local currency.
- Agri markets started the year on a bearish note, though sources indicate the present fall in rates may not be sustainable. With prices having fallen continuously over last 2 years, despite weak Monsoon, a strong recovery from these lower levels looks inevitable in the long term.
But a favorable weather in Rabi growing regions, along with lack of domestic and export demand—the situation aggravated by economic crisis in China and some European nations, there was no strong trigger for the prices to recover.