World Price

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World Price

A price for a good or service in all countries other than one's own. The world price influences international trade. Barring any trade barriers, a country exports goods and services with local prices lower than the world price. On the other hand, it imports goods and services with higher local prices than the world price.
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According to the world prices, the exporters must return some currency obtained as a result of export, Mousavi said.
Meanwhile, traders said the rupee devaluation has faded away the impact of falling world prices, thereby increasing the prices of ghee, cooking oil, tea, pulses, and spices.
KUWAIT, Feb 5 (KUNA) -- Kuwait Petrochemical Industries Company (PIC) has clinched a major contract worth USD 3.2 billion for a project to turn propane into plastic, which will deliver world prices to land-locked western Canadian oil and gas producers.
Malacanang's decision to continue collecting the excise tax was because world prices are going down.
But after we joined it went down steadily for five years and by 1978 it was 5.9% Then it suddenly increased to 18% in 1982 due to the oil-price shock brought about by OPEC - in other words by an increase in world prices - and had nothing to do with the EU, which is not an oil producer.
The country's coconut oil exports in the first quarter of the year fell by 39.2 percent to $383 million from $630 million last year as world prices continued to decline due to supply glut.
As for inflation of regulated products, the absence of significant pressures on world prices of basic foodstuffs and energy would promote relaxation of the pace of growth of prices of this product group.
Summary: Kuwait's state oil firm said Wednesday it expects to restore full production within three days after workers ended a strike in a surprise about-turn that triggered a renewed slide in world prices.
Muscat, Feb 17 (ONA) World prices of basic food commodities declined 31 percent during the period from October 2014 until October 2015.
According to the statistics of the PTB, the world prices for FCV tobacco are indicated below: The above reveals that the best vintage tobacco grown in Pakistan sadly gets the lowest price in the world.
The UAE imports most of its consumer goods including food, and the world prices of these goods have a direct impact on inflation.

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