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TRUST YOUR SUPPLIERS BUT NOT THEIR DATA: A ProPurchaser INSIGHT

   ProPurchaser INSIGHT: Trust your suppliers but not their data.   Trust vs. Data Of course you need to trust your suppliers: their products, delivery, quality and service.  Makes sense or why would you want to do business with them? 

ZINC RISES AS STOCKPILES DROP THE MOST SINCE 2007

  NEGOTIATOR’S TAKE: As zinc rises, expect galvanized steel products to follow suit.   04.11.16 – Largest decline in 8 years Zinc rallied with other industrial metals as inventories in warehouses tracked by the London Metal Exchange declined the most

LUMBER PRICES JUMP AS TRUDEAU-OBAMA MEETING FUELS HOPES FOR TRADE PACT

  NEGOTIATOR’S TAKE:  With wood prices rising, now is probably a good time to renegotiate pallet and crating contracts.   03.11.16 – Lumber prices touch 8-month high after state visit Prime Minister Justin Trudeau raised expectations that the latest chapter in

BRENT OIL PRICES AT LOWEST LEVELS IN OVER A DECADE

NEGOTIATOR’S TAKE:  Transportation, plastic components, and petrochemicals all ripe for downward price negotiations. 12.30.15 – Expanding global surplus due to high-paced production sparks fears that prices will fall further Below $34 a barrel for the first time since 2009 Brent

Oil rout impacts the Canadian economy

A new Conference Board of Canada report released today at the Oil and Gas Summit 2015 in Calgary estimates Canada’s economy will suffer a 0.4 per cent hit to growth this year. Lower oil prices will have sharply differing effects

Iron ore: Apocalypse now?

Scandinavian iron ore miner Northland Resources SE has filed for bankruptcy with more than $650 million in debt. Kumba, whose Sishen mine in South Africa is the continent’s largest iron ore operation, will reduce stay-in-business capital expenditure 20 percent and

Potash war: what’s new?

Last July, Uralkali quit the cartel it was forming with Belaruskali, and which controlled around 40% of the world’s trade in potash, saying it would seek to maximize its own volumes. It warned that prices could fall as much as

FAO Food Price Index highest in 19 months

The FAO Food Price Index of 55 food items rose to 208.1 points last month, 5.2 points, or 2.6 percent, above a slightly revised index for January, but still 2.1 percent less than one year ago. February’s rebound, the sharpest

Wheat prices under heavy pressure

US grain futures declined on Tuesday, with wheat futures for March delivery falling 0.3 percent to $6.1975 a bushel. Earlier, the price touched $6.1875, the lowest for a most-active contract since June 2012, amid forecasts for record-high global output. Wheat