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☆ Trump tariff threat looms large on several Asian countries — not just China — says Goldman Sachs
▼ + stars: | 2024-11-11 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

President Donald Trump meets business leaders at the Great Hall of the People in Beijing, China, in November, 2017. Donald Trump's victory in U.S. elections has raised the specter of higher tariffs on China — but it may not be the only Asian country that faces this predicament, according to Goldman Sachs. Meanwhile, Vietnam's trade surplus with the U.S between January and September stands at $90 billion. U.S. data shows that the U.S. trade deficit with China narrowed to $279.11 billion in 2023, from $346.83 billion in 2016. Regardless of tariffs, Goldman still expects continued pressure for the relocation of certain supply chains from China to Southeast Asia, India or Mexico in particular.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Trump, Andrew Tilton, Tilton, Mr Trump, Trump's, Brian Tan, Mari Pangestu, Pangestu, Goldman Organizations: of, People, Pacific, Trump, U.S, United, Emerging Asia, Barclays Bank, FT Commodities Locations: Beijing, China, U.S, Asia, Korea, Taiwan, Vietnam, South, United States, India, Japan, Singapore, Thailand, Malaysia, Mexico, Indonesia, Trump, Southeast Asia

☆ Prices of key goods on the rise as port strike impact spreads
▼ + stars: | 2024-10-03 | by ( Pippa Stevens | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrices of key goods on the rise as port strike impact spreadsCNBC's Pippa Stevens joins 'Squawk on the Street' to report on how the ongoing port strike is impacting key goods and soft commodities.

Persons: Pippa Stevens

☆ Katie Stockton has an under-the-radar way to play the comeback in wheat and other soft commodities
▼ + stars: | 2024-09-23 | by ( Katie Stockton | ) www.cnbc.com time to read: +8 min

—Katie Stockton with Will Tamplin Access research from Fairlead Strategies for free here . Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: CTVA, Katie Stockton Organizations: Invesco DB Agriculture Fund, Wheat, CNBC, NBC UNIVERSAL, Fairlead, CNBC Pro, Securities Locations: CTVA

☆ Valentine's Day chocolate prices highest in years amid cocoa shortage
▼ + stars: | 2024-02-14 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

But lovers may experience sticker shock this year due to higher cocoa and sugar prices. "Chocolate prices are the highest we've seen in years," said a representative of NielsenIQ. He noted that in spite of higher prices, the chocolate market is robust in mature markets like Europe and North America. Now, chocolate and Valentine's Day are synonymous, even if critics say the affiliation is perpetuated by marketing gimmicks. That being said, chocolates are not the only Valentines' Day treats that will dent the wallet this year.

Persons: Scott Olson, Sergey Chetvertakov, David Branch, there's, Kim, Mintec, It's, Andrew Francis Wallace Organizations: Valentine's, Getty, P, El Nino, Food Institute, Branch, CNBC, Bloomberg, National Confectioners Association, Toronto Star Locations: Chicago , Illinois, Ghana, Ivory Coast, Wells, Asia, India, Africa, Azaguie, Europe, North America, Western Europe, Singapore, Toronto

☆ El Niño's 'sweet tooth' means indulgent treats could soon be even more expensive
▼ + stars: | 2023-12-25 | by ( Sam Meredith | ) www.cnbc.com time to read: +3 min

Futures contracts on orange juice , cocoa , coffee and sugar have soared in part because of extreme weather and supply concerns related to El Niño. "You can say El Niño has a sweet tooth because it sort of eats or takes away much of the sugar in the world," Carlos Mera, head of agri commodities market research at Netherlands-based Rabobank, told CNBC. "Sugar prices have probably already been passed on [to consumers] but certainly for chocolate we should expect a big increase at retail level — and El Niño is certainly something to watch." Joe Raedle | Getty Images News | Getty ImagesThe effects of El Niño tend to peak during December, but the impact typically takes time to spread across the globe. It also warned that several crops could be adversely affected by El Niño early next year, while acknowledging there is the potential for some crops to benefit, citing those in the United States, southern Brazil and Argentina.

Persons: El, Carlos Mera, El Niño, Joe Raedle, Dave Reiter, Reiter, Sia Kambou Organizations: Future Publishing, Rabobank, CNBC, Getty, Reiter Capital Investments, Twitter, Workers, Afp Locations: Yichang City, China's Hubei, Netherlands, El, Orange, Miami , Florida, Southeast Asia, India, Australia, Africa, United States, Brazil, Argentina, Florida, Hermankono

[1/4] An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe, November 26, 2020. The government reintroduced the local currency in 2019, but it rapidly lost value. Zimbabwe's dollarization story is as full of warnings as it is with promise. During the five years before dollarization in 2000, the monthly measure of annualized inflation averaged 33% in Ecuador. "With our local currency we couldn't buy anything, it was very expensive to acquire things, so dollarization ... allowed people to have greater security in their purchases."

Persons: Javier Milei, Milei, Zimbabwe's, Bongiwe Mudau, Dollarization, dollarization, Mudau, Moses Mhlanga, Nestor Cerneaz, Wilson Andrade, Juan Carlos Villota, Guido Puig, Tito Correa, Nyasha, Miguel Lo Bianco, Rodrigo Campos, Adam Jourdan, Karin Strohecker, Rosalba O'Brien Organizations: REUTERS, Philimon, Rights, U.S ., Reuters, International Monetary Fund, hawker, Reuters Graphics Reuters, dollarization, Thomson Locations: Harare, Zimbabwe, Philimon Bulawayo, Rights QUITO, HARARE, BUENOS AIRES, Zimbabwe's, Quito, Ecuador, Argentina, El Salvador, greenbacks, Buenos Aires, Argentine, New York

Israeli Prime Minister Benjamin Netanyahu and Israeli Finance Minister Bezalel Smotrich attend an inauguration event for Israel's new light rail line for the Tel Aviv metropolitan area, in Petah Tikva, Israel, August 17, 2023. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsJERUSALEM, Nov 10 (Reuters) - Israel's finance ministry said on Friday it would divert to the war effort some 1.6 billion shekels ($440 million) this year out of billions earmarked for parties in Prime Minister Benjamin Netanyahu's far-right coalition government. They expressed alarm last month at the government's plan to transfer 9 billion shekels ($2.2 billion) to ultra-Orthodox and far-right-wing pro-settler parties, as part of an agreement Netanyahu made with them to secure his ruling coalition. The finance ministry's proposal would cut around 70% of 2.5 billion shekels of funding for coalition partners still due to be paid in the current 2023 budget. Finance Minister Bezalel Smotrich said in a letter on Friday that he planned to cut some 4 billion shekels ($1 billion) from the 2023 budget excluding war funding, and increase war funding by a further 9 billion, on top of 22 billion shekels already allocated.

Persons: Benjamin Netanyahu, Bezalel Smotrich, Amir Cohen, Benjamin Netanyahu's, Netanyahu, Maytaal, Peter Graff Organizations: Israeli Finance, Tel, REUTERS, Rights, Finance, Thomson Locations: Tel Aviv, Petah Tikva, Israel

Gaza City, the Hamas militant group's main bastion in the territory, is now surrounded by Israeli forces. The military said troops have advanced to the heart of the city, while Hamas says its fighters have inflicted heavy losses. Air strikes had also killed a Hamas weapons maker, Mahsein Abu Zina, and several fighters, the Israeli military said. The Israeli military had told them they should move south of the Wadi Gaza wetlands along the main Salah al-Din Road. Hamas's armed wing, the Izz ad-Din al-Qassam Brigades, said its fighters had destroyed an Israeli tank in Gaza City.

Persons: General Guterres, Khan Younis, Mohammed Abu Daqa, Daniel Hagari, Mahsein Abu Zina, U.N, General Antonio Guterres, Christian Lindmeier, Mohammed Al, Masri, Rights Israel, Salah, Al Shifa, Israel's, Yahya Sinwar, Israel, Benjamin Netanyahu, Nidal al, Angel, Emily Rose, Maayan, Rami Amichay, Matt Spetalnick, Michael Perry, Angus MacSwan, Mark Heinrich, Simon Cameron, Moore, Peter Graff, Alex Richardson Organizations: Jihad, Reuters NEXT, REUTERS, Rights, Hamas, Reuters, ABC, U.S, Thomson Locations: Israel, GAZA, JERUSALEM, Gaza, Palestinian, Iran, Geneva, Beach, Gaza City, Wadi Gaza, al, Washington, Israeli, Jerusalem, Tel Aviv

Gaza City, Hamas' main stronghold in the territory, is encircled. Israel says its troops have advanced to the heart of the densely-populated city while Hamas says its fighters have inflicted heavy losses on the invading forces. Defence Minister Yoav Gallant said Israel had "one target - Hamas terrorists in Gaza, their infrastructure, their commanders, bunkers, communications rooms". Gallant, the Israeli defence minister, said that after the war was finished, neither Israel nor Hamas would rule Gaza. The International Committee of the Red Cross (ICRC) said a humanitarian convoy came under fire in Gaza City on Tuesday.

Persons: Yoav Gallant, Israel, Daniel Hagari, ISRAEL, Ghazi Hamad, Al, " Hamad, Joe Biden, Benjamin Netanyahu, Netanyahu, Ammar Awad, Gallant, Ebrahim Raisi, Khalid Al, Valeria Nesterov, Al Shifa, Haitham, Cross, Nidal al, Angel, Emily Rose, Maayan, Rami Amichay, Rami Ayyub, Michael Perry, Cynthia Osterman, Simon Cameron, Moore Organizations: Hamas, Jihad, REUTERS, of Islamic, Bloomberg, Economy, Gaza, International Committee, Thomson Locations: Saudi, Riyadh, China, GAZA, JERUSALEM, Gaza, Israel, Gaza City, Al Jazeera, Gaza . Washington, SAUDI, Saudi Arabia, of Islamic Cooperation, Iranian, Tehran, Singapore, Hamas, Tel Aviv, Al, Jerusalem

Gaza City - traditionally a Hamas stronghold - was surrounded, military spokesperson Rear Admiral Daniel Hagari said. The Israeli military said its troops and tanks were encountering mines and booby traps as they advanced in Gaza. Those who live in Gaza City and the north will have to find shelter elsewhere as the Israeli forces have cut off roads. Israeli spokesperson Hagari said Israeli was also "highly prepared" on its northern border with Lebanon, where he said Iranian-backed militants were carrying out actions with the aim of diverting it from the war in Gaza. Palestinians trapped in Gaza City hoped that a truce could be reached soon.

Persons: Daniel Hagari, Leo Varadkar, Antony Blinken, Benjamin Netanyahu, Israel, Mustafa Dalul, Khan Younis, Amir Cohen, Ayman Safadi, Safadi, Abu Ubaida, Gazans, Hagari, Nidal al, Ali Sawafta, Dan Williams, Emily Rose, Maytaal, Clauda, Patricia Zengerle, Phil Stewart, Idrees Ali, Michael Perry, Angus MacSwan, Miral Fahmy, Andrew Cawthorne Organizations: Ireland's, Palestinian, Palestine, United, Israel, REUTERS, Jordan's, Qatari, West Bank, Workers, Reuters, Thomson Locations: Gaza, Israel, GAZA, JERUSALEM, Gaza City, Blinken, Iran, United Arab Emirates, Amman, United States, Egypt, Rafah, Lebanon, Iranian, Ramallah, Jerusalem, Dubai, Washington

The January contract of frozen concentrated orange juice (FCOJ) on the Intercontinental Exchange (ICE) hit an all-time high of $4.17 per pound during the session, before falling back to $3.83 per pound. Did anyone predict $4.00 orange juice? As a comparison, the most traded contract among the soft commodities, ICE's raw sugar, had over 435,000 lots in open interest. Ibiapaba Netto, executive director at CitrusBR, the association representing Brazilian juice producers, said that a reversal of the current tight supply situation would take time, and is not certain to happen. Brazil has a 75% share of the global orange juice trade.

Persons: Mohamed Abd El Ghany, Dave Reiter, OJ, Darin Fessler, Ibiapaba Netto, Netto, greening, Marcelo Teixeira, Nick Zieminski Organizations: REUTERS, Intercontinental Exchange, Reiter Capital Investments, CitrusBR, Thomson Locations: El Nobaria, Cairo, Egypt, New York, United States, Brazil, Mexico, U.S

[1/3] Atomo Coffee's 'beanless coffee', which uses superfoods and upcycled ingredients to mimic the molecular structure of coffee, is seen in this handout picture obtained by Reuters on September 29, 2023. "Coffee is causing deforestation at a pretty alarming rate - almost up to ten (New York) Central Parks a day," said Atomo's CEO and co-founder Andy Kleitsch ahead of the firm's beanless coffee launch at the New York Coffee Festival on Friday. Atomo says its initial "proof-of-concept" cold brew beanless coffee caused 93% fewer carbon emissions and used 94% less water than regular coffee. The firm expects to see similar figures for its new hot beanless coffee which is also made using mostly upcycled ingredients like date pips, which tend to be discarded in the commercial production process. However, Atomo says it is in talks with most of the world's major coffee firms about how it might scale up and supply them.

Persons: Andy Kleitsch, Atomo, Maytaal, Mark Potter Organizations: Reuters, Atomo, REUTERS, Acquire, baristas, Central Parks, New York Coffee, Time Magazine, Thomson Locations: Seattle, New York, Central

"In our region, we lost 15% of the (sugar beet) area (this year)," said Alexandre Pele, who has a 240 hectare farm in central France. Since January's court ruling banning exemptions, the area devoted to growing sugar beet in France, the EU's largest sugar grower, has hit a 14 year low. The EU beet acreage has already fallen 17% percent since the 2018 neonics ruling, EU data shows. A shrinking sugar beet sector could hit other staple crops because farmers need to plant alternates like sugar beet or oilseeds on their wheat, barley and corn fields every other year in order to maintain soil health. "If I no longer have sugar beet it would be a real loss."

Persons: Alexandre Pele, Pele, We’ve, Tereos, Noa Simon Delso, KWS, Andrew Blenkiron, Maytaal Angel, Elaine Hardcastle Organizations: Farmers, Reuters, EU, European, European Commission, Thomson Locations: France, PARIS, Europe, Britain, Brussels, England

☆ Some soft commodity prices are surging, adding to consumer woes
▼ + stars: | 2023-09-25 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Futures contracts on orange juice, live cattle, raw sugar and cocoa each hit their highs for the year this month. The higher prices add another layer of pain to consumers' wallets at a time when stubborn core inflation, excluding food and energy, stood at 4.3% in August. The juice futures market reached a record $3.50 per pound this month. Meat prices have been driven by shrinking U.S. cattle herds, continued beef demand, plus higher input costs for labor and fuel. Shoppers are bearing the brunt of the higher prices as the world's largest food companies try and pass along their rising input costs.

Persons: Paul Caruso, It's, Darwei Kung, Kung, François, Xavier Roger, Grame David Pitkethly, Ben, Jerry's, Pitkethly, We've Organizations: Ancora, U.S, U.S . Department of Agriculture, Shoppers, Barclays Consumer Staples Conference, Barclays, Unilever Locations: Florida, Brazil, Mexico, India, Thailand

REUTERS/Mike Blake/File Photo Acquire Licensing RightsChocolate makers are banking on the traditional resilience of their product to price increases. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. "We are seeing consumers starting to react more than before, I'd be very cautious with price increases," said Dan Sadler, a candy expert at U.S.-based market researcher IRI. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Nielsen, Dirk Van de, Luca Zaramella, Patrick Folan, Mike Blake, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: Nielsen, Hershey, Reuters, Consumers, Cadbury, Barclays, REUTERS, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Europe, United States, North America, Encinitas , California, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

"The increase in sugar and cocoa specifically is material," Mondelez CFO Luca Zaramella said in July. The data showed Hershey's sales volumes increasingly declined during the period as the company hiked prices. Barry Callebaut (BARN.S), the world's biggest chocolate maker supplying most major brands including Nestle (NESN.S), doesn't expect any growth in sales volumes this year. In the U.S., private label sales volumes grew nearly 9% in the year to mid-June despite near double-digit price rises, IRI data shows. Pennsylvania-based Hershey, is hoping that as it eases off the rate of price hikes, its sales volumes will reverse their current downtrend.

Persons: Mike Blake, Dirk Van de, Luca Zaramella, Patrick Folan, Mondelez, Hershey, Zaramella, Bernstein, I'd, Dan Sadler, Barry Callebaut, Hershey's, Michele Buck, Matt Scuffham, Elaine Hardcastle Organizations: REUTERS, Hershey, Reuters, Consumers, Nielsen, Cadbury, Barclays, IRI, Nestle, Rabobank, El, Kailyn, Thomson Locations: Encinitas , California, Europe, North America, U.S, Pennsylvania, El Nino, West Africa, Ivory Coast, Ghana, Kailyn Rhone, New York

But some of its beans, known as unwashed or 'natural' arabicas, have not previously been used for high-end benchmark coffee contracts around the world. Unwashed coffee is so-called because its fruit is left to dry whole before the bean is extracted. He added that relatively little Brazilian coffee ends up in ICE warehouses because it usually fetches higher prices in the physical markets. The two companies declined to comment on whether they had got a mix of semi-washed and unwashed beans certified by ICE. Zooming out to inflation adjusted terms however, coffee prices in 1980 were equivalent to about $8 per lb - a whopping 500% higher than they are today, according to Reuters calculations.

Persons: Juan Carlos Ulate, Dagoberto Suazo, unwashed, Marcio Ferreira, Cecafe, Ferreira, Louis Dreyfus, Pedro Mendoza, Maytaal Angel, Gustavo Palencia, Marcelo Teixeira, Frank Jack Daniel Our Organizations: Workers, REUTERS, LONDON, Agricultural, Intercontinental Exchange, Reuters, Producers, IF IT, ICE, Central, Thomson Locations: Grecia, Costa Rica, TEGUCIGALPA, Honduras, Brazil, America, Africa, Cafetaleras, Colombia, Central America, Peru, Europe, Swiss, Sucafina, U.S, London, Tegucigalpa, New York

☆ Stocks rise, dollar retreats ahead of inflation data
▼ + stars: | 2023-07-11 | by ( Amanda Cooper | ) www.reuters.com time to read: +4 min

Markets are awaiting U.S. inflation data on Wednesday to see if price pressures are continuing to moderate, which could provide clues on the interest rate outlook. The MSCI All-World index (.MIWD00000PUS) rose 0.3%, lifted by gains in European shares, as the STOXX 600 (.STOXX) rose 0.6% and U.S. stock index futures , rose 0.2-0.4%, suggesting a modest rise at the opening bell. Economists polled by Reuters expect the consumer price index to have risen by 3.1% in June, after May's 4% increase. "There is a massive eye on tomorrow's inflation data - it comes to late in the day for the July meeting. Analysts expect earnings to have shrunk 6.4% in the second quarter year-on-year, according to IBES data from Refinitiv.

Persons: Toby Melville, Craig Erlam, Jim Reid, Wells, Julie Zhu, Jamie Freed, David Evans, Chizu Organizations: London Stock Exchange Group, City of, REUTERS, Federal, Reuters, U.S ., Treasury, Deutsche Bank, London Metal Exchange, JPMorgan, Citigroup, Refinitiv, Thomson Locations: City, City of London, Britain, China, U.S, Brent, Wall, Hong Kong

The benchmark September contract for cocoa in London gained more than 2% on Wednesday to 2,590 pounds per metric ton. Prices are rising in reaction to a tight market for cocoa beans, which are mainly produced in Ivory Coast and Ghana. Arrivals of cocoa at Ivory Coast ports for export are down nearly 5% this season. The International Cocoa Organization (ICCO) widened this month its forecast for a global deficit on cocoa supply from 60,000 metric tons previously to 142,000 metric tons. Arabica coffee settled down 5 cents, or 3%, at $1.6195 per lb, while robusta coffee fell $99, or 3.6%, at $2,616 a metric ton.

Persons: Leonardo Rosseti, Rosseti, Maytaal, Mark Potter, David Gregorio Our Organizations: YORK, Intercontinental Exchange, International Cocoa Organization, StoneX, Refinitiv Commodities Research, Thomson Locations: London, West Africa, Ivory Coast, Ghana, West, New York

☆ Watch CNBC's full interview with Clocktower's Marko Papic and Atlantic Council's Fred Kempe
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Clocktower's Marko Papic and Atlantic Council's Fred KempeFred Kempe, CEO of the Atlantic Council, and Marko Papic, chief strategist at the Clocktower Group, join 'The Exchange' to discuss pressure worsening on soft commodities, investment strategies relating to the Ukraine conflict, and uncertainty in Russia catalyzing oil prices.

Persons: Clocktower's Marko Papic, Fred Kempe Fred Kempe, Marko Papic Organizations: Atlantic Council, Clocktower Locations: Ukraine, Russia

☆ It is clear that Russia is destabilizing, says Clocktower Group's Marko Papic
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is clear that Russia is destabilizing, says Clocktower Group's Marko PapicFred Kempe, CEO of the Atlantic Council, and Marko Papic, chief strategist at the Clocktower Group, join 'The Exchange' to discuss pressure worsening on soft commodities, investment strategies relating to the Ukraine conflict, and uncertainty in Russia catalyzing oil prices.

Persons: Clocktower Group's Marko, Fred Kempe, Marko Papic Organizations: Atlantic Council, Clocktower Locations: Russia, Ukraine

LONDON, June 6 (Reuters) - Nestle (NESN.S) is piloting a scheme to give cash to coffee farmers who grow beans sustainably as part of its plan to halve greenhouse gas emissions in its coffee business by 2030, the food company said on Tuesday. The move comes as major consumer goods companies face increased reputational and legal pressure to clean up their supply chains globally. Nestle, the world's largest packaged food company has pledged to spend $1 billion by 2030 on its plan to source coffee sustainably, which now includes efforts to boost farmer income. The company said it has, under the plan, offered some 3,000 coffee farmers in developing countries like Ivory Coast, Indonesia and Mexico conditional cash incentives to encourage them to transition to regenerative agricultural practices. These include using organic fertilisers to improve soil fertility, planting shade trees that protect coffee beans and intercropping to preserve biodiversity.

Persons: Maytaal Angel, Bernadette Baum Organizations: Nestle, Rainforest Alliance, European Union, Fairtrade, Technoserve, Thomson Locations: Ivory Coast, Indonesia, Mexico

Nestle (NESN.S) and Hershey (HSY.N) said they paid the LID premium. But when the COVID pandemic cratered demand, global cocoa prices plunged before they built up a cushion. Ivory Coast and Ghana say companies should pay both premiums. Industry data from the International Cocoa Organisation (ICCO) shows cocoa output in Ivory Coast rose to record levels in the 2020/21 season. Of the roughly 2 million tonnes of cocoa Ivory Coast produces each year, between 20-30% is grown illegally in protected forests by an estimated 1.3 million people, many of them children.

[1/5] People hold Israeli flags during a demonstration against Israeli Prime Minister Benjamin Netanyahu and his nationalist coalition government's plan for judicial overhaul, in Tel Aviv, Israel April 1, 2023. REUTERS/Ronen ZvulunJERUSALEM, April 1 (Reuters) - Protests against Israeli Prime Minister Benjamin Netanyahu's judicial overhaul showed no sign of abating on Saturday, despite its suspension by the embattled premier this week, as tens of thousands took to the streets to demand it be scrapped entirely. Israeli media estimated more than 150,000 people attended anti-government protests nationwide on Saturday, the largest in commercial hub Tel Aviv. We cannot live in a state that is not democratic," said Limor Moyal, at the Tel Aviv demonstration. Additional reporting by Natalie Thomas in Tel Aviv Writing by Maayan Lubell Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

JERUSALEM, March 29 (Reuters) - Israeli Prime Minister Benjamin Netanyahu voiced confidence on Wednesday that he would find compromise with the political opposition over his judicial overhaul after the contested reforms drew a strong reproach from U.S. President Joe Biden. Separately, Netanyahu predicted on Wednesday that Israel would join the U.S. Visa Waiver Programme in September after passing legislation required by Washington. The national guard was launched last year under former Prime Minister Naftali Bennett. "We don't trust the government and certainly not the prime minister and his gang," said 75-year-old retiree Chanoch Lipperman in Tel Aviv. But Biden, when asked by a reporter if he would be inviting Netanyahu, replied: "No, not in the near term."

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