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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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Ramadan Preparations - Dhaka

Shopkeepers have prepared various products for customers on the occasion of Ramadan including rice, oil, dal, sugar in market ahead of the Muslim Holy Month of Ramadan in Dhaka, Bangladesh on March 11, 2024. Prices for essential food items continue to rise in the South Asian country ahead of Ramadan with consumers blaming the government for not keeping costs in check. Photo by Habibur Rahman/ABACAPRESS.COM

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India's retail inflation eases to 15-month low in March

STORY: India's retail inflation eases to 15-month low in March DATELINE: April 13, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of food grain wholesale market 3. various of food grains 4. various of vegetable market 5. various of roads STORYLINE: India's retail inflation eased to a 15-month low at 5.66 percent in March, data released by the Ministry of Statistics and Program Implementation (MoSPI) showed on Monday. "The inflation based on Consumer Price Index (CPI) in March 2023 was 5.66 percent," the government data said. "It was 6.44 percent in February." The food inflation also eased to 4.79 percent in March, as against 5.95 percent in February and 7.68 percent in the year-ago period, the data showed. The fall in the rate of retail inflation is attributed mainly to a decline in the rate of rise in prices of essential commodities like vegetables, meat, fish, and oil, among others. Data from MoSPI showed that inflation eased to 5.51 percent

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#CHINA-GASOLINE-DIESEL-RETAIL PRICE-RISE (CN)

(230103) -- ZAOZHUANG, Jan. 3, 2023 (Xinhua) -- A staff member refuels a vehicle at a gas station in Zaozhuang City, east China's Shandong Province, Jan. 3, 2023. China will raise the retail prices of gasoline and diesel from Wednesday, based on the recent rise in international oil prices. Gasoline and diesel prices will be up by 250 yuan (about 36 U.S. dollars) per tonne and 240 yuan per tonne, respectively, the National Development and Reform Commission said in a Tuesday statement. (Photo by Sun Zhongzhe/Xinhua)

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#CHINA-GASOLINE-DIESEL-RETAIL PRICE-RISE (CN)

(230103) -- MENGZI, Jan. 3, 2023 (Xinhua) -- A staff member refuels a vehicle at a gas station in Mengzi City, southwest China's Yunnan Province, Jan. 3, 2023. China will raise the retail prices of gasoline and diesel from Wednesday, based on the recent rise in international oil prices. Gasoline and diesel prices will be up by 250 yuan (about 36 U.S. dollars) per tonne and 240 yuan per tonne, respectively, the National Development and Reform Commission said in a Tuesday statement. (Photo by Xue Yingying/Xinhua)

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#CHINA-GASOLINE-DIESEL-RETAIL PRICE-RISE (CN)

(230103) -- WEIFANG, Jan. 3, 2023 (Xinhua) -- A staff member refuels a vehicle at a gas station in Qingzhou, east China's Shandong Province, Jan. 3, 2023. China will raise the retail prices of gasoline and diesel from Wednesday, based on the recent rise in international oil prices. Gasoline and diesel prices will be up by 250 yuan (about 36 U.S. dollars) per tonne and 240 yuan per tonne, respectively, the National Development and Reform Commission said in a Tuesday statement. (Photo by Wang Jilin/Xinhua)

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#CHINA-GASOLINE-DIESEL-RETAIL PRICE-RISE (CN)

(230103) -- CONGJIANG, Jan. 3, 2023 (Xinhua) -- A staff member refuels a vehicle at a gas station in Congjiang County, southwest China's Guizhou Province, Jan. 3, 2023. China will raise the retail prices of gasoline and diesel from Wednesday, based on the recent rise in international oil prices. Gasoline and diesel prices will be up by 250 yuan (about 36 U.S. dollars) per tonne and 240 yuan per tonne, respectively, the National Development and Reform Commission said in a Tuesday statement. (Photo by Luo Jinglai/Xinhua)

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#CHINA-GASOLINE-DIESEL-RETAIL PRICE-RISE (CN)

(230103) -- HANDAN, Jan. 3, 2023 (Xinhua) -- A staff member refuels a vehicle at a gas station in Handan City, north China's Hebei Province, Jan. 3, 2023. China will raise the retail prices of gasoline and diesel from Wednesday, based on the recent rise in international oil prices. Gasoline and diesel prices will be up by 250 yuan (about 36 U.S. dollars) per tonne and 240 yuan per tonne, respectively, the National Development and Reform Commission said in a Tuesday statement. (Photo by Hao Qunying/Xinhua)

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Kuraray assuming oil price rise to $200 in new business plan

TOKYO, Japan - Fumio Ito, president of Kuraray Co., speaks at an interview with Kyodo News in Tokyo. Ito said the major Japanese chemicals maker will pursue a double-digit sales increase under a new medium-term business plan even if crude oil prices shoot up to $200 per barrel.

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Lebanon's olive oil farmers struggle to sell amid depreciation of local currency

STORY: Lebanon's olive oil farmers struggle to sell amid depreciation of local currency DATELINE: Nov. 17, 2022 LENGTH: 00:06:21 LOCATION: Beirut CATEGORY: SOCIETY SHOTLIST: 1. various of olive trees in Chouf, Mount Lebanon 2. various of farmers picking and sorting olives 3. various of the oil milling plant 4. SOUNDBITE 1 (Arabic): SALAH FAHD GHANNAM, Oil milling plant owner 5. SOUNDBITE 2 (Arabic): SAYYED CHARBEL ISSA, Farmer 6. SOUNDBITE 3 (Arabic): SALAH FAHD GHANNAM, Oil milling plant owner 7. various of the oil milling plant STORYLINE: Lebanon's steep financial crisis and the collapse of the local currency have led to a rise in olive oil prices and made selling for Lebanese farmers even harder. Salah Fahd Ghannam, owner of an oil milling plant, told Xinhua that oil milling plants have been unable to sell their products as most of those who consume olive oil are people employed by the public sector and their salaries are paid in the depreciating Lebanese currency. Lebanon has been going through an un

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Turkish fuel prices rise for 3 days after OPEC+ oil production cut decision

STORY: Turkish fuel prices rise for 3 days after OPEC+ oil production cut decision DATELINE: Oct. 8, 2022 LENGTH: 00:02:19 LOCATION: ISTANBUL, Türkiye CATEGORY: ECONOMY SHOTLIST: 1. various of Istanbul city, cars running on the highway 2. various of exchange office, bank and street views STORYLINE: Fuel prices in Türkiye have risen for three days in a row as of Friday, with the median prices of diesel oil in Turkish cities, for instance, now as high as 27.20 Turkish liras (1.46 U.S. dollars) per liter. The consecutive fuel hikes come hard on the heels of the decision made on Wednesday by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, to slash its daily oil production by 2 million barrels beginning November, breaking the downward trend of oil prices in the past several months. "Announcement by OPEC+ to cut daily production down by 2 million barrels is apparently enough to make fuel prices go higher, even before the production is lowered," sa

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New Zealand hikes official cash rate to 3 pct

STORY: New Zealand hikes official cash rate to 3 pct DATELINE: Aug. 17, 2022 LENGTH: 00:01:56 LOCATION: Wellington CATEGORY: ECONOMY SHOTLIST: 1. various of streets 2. various of port 3. various of supermarket 4. various of people on streets STORYLINE: The Reserve Bank of New Zealand (RBNZ)'s Monetary Policy Committee raised the Official Cash Rate (OCR) to 3 percent from 2.5 percent on Wednesday. The Committee agreed it remains appropriate to continue to tighten monetary conditions at a pace to maintain price stability and contribute to maximum sustainable employment. Core consumer price inflation remains too high and labor resources remain scarce, said the central bank in a statement. The central bank uses the OCR to control inflation, encouraging people to either spend or save. The OCR is the interest rate the RBNZ pays on settlement accounts and is reviewed seven times a year. Global consumer price inflation has continued to rise, albeit with some recent reprieve from lower global oil prices, it sa

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Myanmar's traders lower rice price to reduce household spending amid pandemic

STORY: Myanmar's traders lower rice price to reduce household spending amid pandemic DATELINE: Aug. 4, 2022 LENGTH: 00:03:47 LOCATION: YANGON, Myanmar CATEGORY: ECONOMY SHOTLIST: 1. various of rice trading market 2. various of people buying rice 3. various of taking rice home STORYLINE: Myanmar's rice producers and traders have retailed rice at lower prices in the country's commercial hub of Yangon starting from Wednesday as food prices are soaring. In the commercial hub Yangon, the price of Emata rice, or the Myanmar long grain rice, a staple food for locals, and the special groundnut oil increased by about 5.8 percent and 6.4 percent on Wednesday respectively, compared to a week earlier, showed the Central Statistical Organization (CSO)'s data. Although Myanmar is an agricultural country and a rice exporter, commodity prices including that of rice are on rise amid the COVID-19 pandemic. The lower-priced rice sale is aimed at helping households in the country reduce their spending on rice as commodity

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Greece's inflation hits 30-year record high in June

STORY: Greece's inflation hits 30-year record high in June DATELINE: July 9, 2022 LENGTH: 00:00:39 LOCATION: Athens CATEGORY: ECONOMY SHOTLIST: 1. various of the street view in Athens 2. various of the Hellenic Statistical Authority (ELSTAT) headquarters 3. various of the Athens Fish Market STORYLINE: Greece's annual inflation rate reached 12.1 percent in June, hitting a 30-year record high in the country, the Hellenic Statistical Authority (ELSTAT) said on Friday. The figure was up 0.8 percentage points from that in May. Greek inflation merely stood at one percent in June 2021. The ELSTAT attributed the rise of the inflation rate mainly to the rise in energy costs over the past year. Natural gas prices increased by 117.7 percent in June compared to the same period of 2021, while electricity prices by 70.4 percent and heating oil by 65.1 percent, according to the ELSTAT. In addition, housing costs increased by 31.5 percent in June year-on-year, transport by 25 percent, and food and non-alc

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SOUTH KOREA-SEOUL-GASOLINE PRICES

(220527) -- SEOUL, May 27, 2022 (Xinhua) -- A man fuels a vehicle at a self-service gasoline station in Seoul, South Korea, May 27, 2022. Oil prices continued to rise in South Korea recently, with a liter of regular gasoline in Seoul costing 2080.22 won (approximately 1.67 U.S. dollars) on average on Friday. (Photo by James Lee/Xinhua)

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SOUTH KOREA-SEOUL-GASOLINE PRICES

(220527) -- SEOUL, May 27, 2022 (Xinhua) -- Car owners fuel vehicles at a self-service gasoline station in Seoul, South Korea, May 27, 2022. Oil prices continued to rise in South Korea recently, with a liter of regular gasoline in Seoul costing 2080.22 won (approximately 1.67 U.S. dollars) on average on Friday. (Photo by James Lee/Xinhua)

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SOUTH KOREA-SEOUL-GASOLINE PRICES

(220527) -- SEOUL, May 27, 2022 (Xinhua) -- Car owners fuel vehicles at a self-service gasoline station in Seoul, South Korea, May 27, 2022. Oil prices continued to rise in South Korea recently, with a liter of regular gasoline in Seoul costing 2080.22 won (approximately 1.67 U.S. dollars) on average on Friday. (Photo by James Lee/Xinhua)

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SOUTH KOREA-SEOUL-GASOLINE PRICES

(220527) -- SEOUL, May 27, 2022 (Xinhua) -- A woman fuels a vehicle at a self-service gasoline station in Seoul, South Korea, May 27, 2022. Oil prices continued to rise in South Korea recently, with a liter of regular gasoline in Seoul costing 2080.22 won (approximately 1.67 U.S. dollars) on average on Friday. (Photo by James Lee/Xinhua)

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SOUTH KOREA-SEOUL-GASOLINE PRICES

(220527) -- SEOUL, May 27, 2022 (Xinhua) -- Gasoline and diesel prices are displayed at a self-service gasoline station in Seoul, South Korea, May 27, 2022. Oil prices continued to rise in South Korea recently, with a liter of regular gasoline in Seoul costing 2080.22 won (approximately 1.67 U.S. dollars) on average on Friday. (Photo by James Lee/Xinhua)

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Moody's lowers India's 2022 growth projection to 8.8 pct

STORY: Moody's lowers India's 2022 growth projection to 8.8 pct DATELINE: May 27, 2022 LENGTH: 00:01:47 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of fuel station 3. various of people taking fuel into his vehicle 4. various of grocery super market 5. various of food item 6. various of wholesale market 7. various of traffic STORYLINE: Global credit rating agency Moody's on Thursday slashed India's economic growth projection to 8.8 percent for 2022 from its earlier projection of 9.1 percent, citing high inflation as the main reason. It said that the growth momentum at the end of 2021 had carried through into the first four months of this year. "However, the rise in crude oil, food and fertilizer prices will weigh on household finances and spending in the months ahead. Rate hike to prevent energy and food inflation from becoming more generalized will slow the demand recovery's momentum," it said in a statement. Moody's added that it has maintained the 2023 growth fo

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U.S.-CALIFORNIA-MILLBRAE-GASOLINE PRICES-RISE

(220517) -- MILLBRAE, May 17, 2022 (Xinhua) -- Gasoline and diesel prices are displayed at a gas station in Millbrae, California, the United States, May 16, 2022. Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-GASOLINE PRICES-RISE

(220517) -- MILLBRAE, May 17, 2022 (Xinhua) -- Gasoline and diesel prices are displayed at a gas station in Millbrae, California, the United States, May 16, 2022. Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-GASOLINE PRICES-RISE

(220517) -- MILLBRAE, May 17, 2022 (Xinhua) -- Gasoline prices are displayed at a gas station in Millbrae, California, the United States, May 16, 2022. Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-GASOLINE PRICES-RISE

(220517) -- MILLBRAE, May 17, 2022 (Xinhua) -- Gasoline prices are displayed at a gas station in Millbrae, California, the United States, May 16, 2022. Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-GASOLINE PRICES-RISE

(220517) -- MILLBRAE, May 17, 2022 (Xinhua) -- A man pumps gasoline into his car at a gas station in Millbrae, California, the United States, May 16, 2022. Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-GASOLINE PRICES-RISE

(220517) -- MILLBRAE, May 17, 2022 (Xinhua) -- Gasoline prices are displayed at a gas station in Millbrae, California, the United States, May 16, 2022. Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. (Photo by Li Jianguo/Xinhua)

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U.S.-CALIFORNIA-MILLBRAE-GASOLINE PRICES-RISE

(220517) -- MILLBRAE, May 17, 2022 (Xinhua) -- Gasoline and diesel prices are displayed at a gas station in Millbrae, California, the United States, May 16, 2022. Oil prices rose on Monday as gasoline futures extended gains amid tight supplies. (Photo by Li Jianguo/Xinhua)

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India's imports from Russia rise 3 folds since Ukraine conflict

STORY: India's imports from Russia rise 3 folds since Ukraine conflict DATELINE: May 12, 2022 LENGTH: 00:01:36 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. shot of India gate 2. shot of government buildings 3. various of oil tank 4. various of fuel station 5. various of people filling fuel into vehicle 6. various of traffic STORYLINE: India's imports from Russia witnessed a jump of more than threefold since the beginning of the Ukraine conflict, a local newspaper reported Wednesday. The increase in imports to 4.67 billion U.S. dollars from a year before has been attributed to the discounted prices offered by Russian suppliers, Financial Express reported. "The surge in shipments from Russia is thanks to New Delhi's efforts to strike good deals with Russian suppliers to tide over a growing shortfall of crude oil and other inputs like coal and fertilizers," it said. The newspaper citing preliminary data obtained from sources said between February 24 and May 8, India's purchases of crude oil from R

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BRAZIL-NATURAL GAS PRICE-RISE

(220501) -- CAXIAS DO SUL, May 1, 2022 (Xinhua) -- A worker is seen at a gas distribution center in Caxias do Sul, Brazil's state of Rio Grande do Sul, on May 1, 2022. Petrobras announced on April 29 that the price of natural gas sold to dealers will increase by 19 percent from May 1 in view of changes in Brent crude oil prices and exchange rates. (Xinhua/Wang Tiancong)

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BRAZIL-NATURAL GAS PRICE-RISE

(220501) -- CAXIAS DO SUL, May 1, 2022 (Xinhua) -- A worker is seen at a gas distribution center in Caxias do Sul, Brazil's state of Rio Grande do Sul, on May 1, 2022. Petrobras announced on April 29 that the price of natural gas sold to dealers will increase by 19 percent from May 1 in view of changes in Brent crude oil prices and exchange rates. (Xinhua/Wang Tiancong)

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BRAZIL-NATURAL GAS PRICE-RISE

(220501) -- CAXIAS DO SUL, May 1, 2022 (Xinhua) -- A worker is seen at a gas distribution center in Caxias do Sul, Brazil's state of Rio Grande do Sul, on May 1, 2022. Petrobras announced on April 29 that the price of natural gas sold to dealers will increase by 19 percent from May 1 in view of changes in Brent crude oil prices and exchange rates. (Xinhua/Wang Tiancong)

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BRAZIL-NATURAL GAS PRICE-RISE

(220501) -- CAXIAS DO SUL, May 1, 2022 (Xinhua) -- A worker is seen at a gas distribution center in Caxias do Sul, Brazil's state of Rio Grande do Sul, on May 1, 2022. Petrobras announced on April 29 that the price of natural gas sold to dealers will increase by 19 percent from May 1 in view of changes in Brent crude oil prices and exchange rates. (Xinhua/Wang Tiancong)

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BRAZIL-NATURAL GAS PRICE-RISE

(220501) -- CAXIAS DO SUL, May 1, 2022 (Xinhua) -- A worker is seen at a gas distribution center in Caxias do Sul, Brazil's state of Rio Grande do Sul, on May 1, 2022. Petrobras announced on April 29 that the price of natural gas sold to dealers will increase by 19 percent from May 1 in view of changes in Brent crude oil prices and exchange rates. (Xinhua/Wang Tiancong)

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Senegalese suffer from rising food prices during Ramadan

STORY: Senegalese suffer from rising food prices during Ramadan DATELINE: April 16, 2022 LENGTH: 00:01:50 LOCATION: Dakar CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Dakar 2. STANDUP (English): WANG ZIZHENG, Xinhua correspondent 3. SOUNDBITE (Senegalese): FATOU NIANG, Vendor of a fruit stand in Dakar, Senegal 4. SOUNDBITE (Senegalese): OUSMANE KANE, Consumer STORYLINE: STANDUP (English): WANG ZIZHENG, Xinhua correspondent "The energy and food prices in many African countries have continued to rise recently. People feel real pressure of rising prices during Ramadan. In Senegalese capital Dakar, many people complained that prices had risen too much, especially during Ramadan, when food consumption increases. People have also expressed their hope that the government can do more to curb the increase of price. The Senegalese President Macky Sall decided to cut prices for daily necessities such as oil, rice and sugar at the end of February, but this still failed to prevent price increases. He also

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Tunisia bans exports of fruits, vegetables to curb rising prices

STORY: Tunisia bans exports of fruits, vegetables to curb rising prices DATELINE: April 13, 2022 LENGTH: 0:01:23 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of a supermarket in Tunis STORYLINE: Tunisian government decided to ban the exports of some vegetables and fruits in order to stabilize domestic prices, according to a statement from the Tunisian Commerce Ministry issued on Tuesday. The statement said that due to the rapid rise in the price of some food products in Tunisia recently, the Tunisian government decided to stop exporting some vegetables and fruits to give priority to the domestic market. The ministry mentioned that the banned vegetables include peppers, tomatoes, potatoes, onions and other varieties. Affected by the rising prices of international commodities, Tunisia has seen a sharp rise in prices for vegetable oil, flour, rice and so on. In 2021, Tunisia exported about 45 million U.S. dollars of vegetables and fruits, mainly to Libya. Xinhua News Agency correspondents repor

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Russia-Ukraine crisis worsens Lebanon's food security

STORY: Russia-Ukraine crisis worsens Lebanon's food security DATELINE: April 1, 2022 LENGTH: 0:02:01 LOCATION: Beirut CATEGORY: SOCIETY SHOTLIST: 1 various of streets in Beirut 2 STANDUP (English): DANA HALAWI, Xinhua reporter STORYLINE: STANDUP (English): DANA HALAWI, Xinhua reporter "Hello everyone. I'm Dana Halawi, Xinhua's reporter in Beirut, Lebanon. Lebanon has been suffering from a steep financial crisis, with over 70 percent of the population plunged into poverty, and people's access to sufficient nutrition impeded. The Lebanese situation deteriorated as food prices surged globally after the pandemic outbreak. Today, the ongoing Ukraine-Russia conflict risks having even worse effects on Lebanon's food security. One the one hand, the international rise in the oil prices will lead to an increase in prices of food products. On the other hand, Lebanon imports 85 percent of its wheat needs from Ukraine and Russia and, at some point, will have to face a shortage in this commodity. Lebanon is among the

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BELGIUM-BRUSSELS-MARKET-PRICE

(220329) -- BRUSSELS, March 29, 2022 (Xinhua) -- A man fills the tank of a car at a gas station in Brussels, Belgium, March 29, 2022. Due to rise of high energy prices, Belgium markets witnessed the rise of prices of petrol, diesel, cooking oil, flour, etc, in recent times. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-MARKET-PRICE

(220329) -- BRUSSELS, March 29, 2022 (Xinhua) -- Photo taken on March 29, 2022 shows French fries whose price has risen at Maison Antoine in Brussels, Belgium. Due to rise of high energy prices, Belgium markets witnessed the rise of prices of petrol, diesel, cooking oil, flour, etc, in recent times. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-MARKET-PRICE

(220329) -- BRUSSELS, March 29, 2022 (Xinhua) -- A customer chooses cooking oil at Lidl supermarket in Brussels, Belgium, March 29, 2022. Due to rise of high energy prices, Belgium markets witnessed the rise of prices of petrol, diesel, cooking oil, flour, etc, in recent times. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-MARKET-PRICE

(220329) -- BRUSSELS, March 29, 2022 (Xinhua) -- A customer chooses cooking oil at Colruyt supermarket in Brussels, Belgium, March 29, 2022. Due to rise of high energy prices, Belgium markets witnessed the rise of prices of petrol, diesel, cooking oil, flour, etc, in recent times. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-MARKET-PRICE

(220329) -- BRUSSELS, March 29, 2022 (Xinhua) -- Combo photo shows screens displaying prices for diesel and gasoline on March 23 (top) and March 29, 2022 in Brussels, Belgium. Due to rise of high energy prices, Belgium markets witnessed the rise of prices of petrol, diesel, cooking oil, flour, etc, in recent times. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-MARKET-PRICE

(220329) -- BRUSSELS, March 29, 2022 (Xinhua) -- A man pays at a gas station in Brussels, Belgium, March 29, 2022. Due to rise of high energy prices, Belgium markets witnessed the rise of prices of petrol, diesel, cooking oil, flour, etc, in recent times. (Xinhua/Zheng Huansong)

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BELGIUM-BRUSSELS-MARKET-PRICE

(220329) -- BRUSSELS, March 29, 2022 (Xinhua) -- A shelf for cooking oil is seen at Colruyt supermarket in Brussels, Belgium, March 29, 2022. Due to rise of high energy prices, Belgium markets witnessed the rise of prices of petrol, diesel, cooking oil, flour, etc, in recent times. (Xinhua/Zheng Huansong)