The reductions are part of previously announced voluntary cuts led by Russia and Saudi Arabia totaling 1.7 million barrels per day.

Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.

The nation, which has curbed overseas sales of all grades of rice to control domestic food inflation, will reduce the minimum export price to $850 a ton from $1,200.

The average shrink rate for the 2022 fiscal year grew to 1.6% from 1.4% in 2021, aligning with shrinkage rates seen in 2020 and 2019.

The appeal only focuses on the voluntary suspension of importing rough diamonds, meaning Indian diamond manufacturers will be allowed to continue their operations without interruption.

Prices of the crop, a staple for half the world, surged to the highest levels in almost 15 years after the globe's top shipper began curbing exports.

Sources said that the strikes will likely expand to 38 additional GM and Stellantis facilities across 20 states, but expanded strike actions are not expected against Ford.

The ban, which also applies to gasoline, came into force September 21 and doesn’t have a final date, according to the government decree.

A successful deal could end the strikes that started almost two weeks ago at plants that supply about 7% of the world’s liquified natural gas.

If the situation escalates, the car companies or their direct suppliers may have to support smaller companies in the supply chain to protect their production plans.