The war in Ukraine has pushed up global food prices to historically high levels, intensifying inflation dynamics at a time when global CPI inflation rates are already at multi-year highs, Fitch Ratings said in its latest Economics Dashboard. The conflict has worsened the outlook for the supply of key grains given the destruction of Ukraine’s […]
Australia’s resources and energy export earnings are forecast to surge to a record-high $425 billion for 2021-22, according to the latest report from the Department of Industry, Science, Energy, and Resources’. Minister for Resources and Water Keith Pitt said the latest forecast is up a stunning 12 percent on the December 2021 quarterly projection of […]
The volatility of the supply chain continues to be a major story in the global coffee trade. On the supply side, what was once more or less forecastable has been disrupted by COVID restrictions, unpredictable extreme weather destroying crops in major producing countries like Brazil, unknown stockpile sizes, and farmers defaulting on shipments to capitalising on the volatile and now skyrocketing C-market […]
Ratings agency CRISIL has reiterated its December 2021 forecast of India’s gross domestic product (GDP) growth at 7.8% in fiscal 2023, saying any potential upside due to the early end of a mild third wave of Covid-19 infections will be offset by the ongoing geopolitical strife stemming from Russia’s invasion of Ukraine, which is creating […]
China’s introduction of a new “reasonable” price range of CNY570-770 per tonne (t) for 5,500kcal/kg coal at Qinhuangdao (QHD) Port will benefit power generation companies (gencos) more than coal producers, Fitch Ratings said in a new report. The price band was introduced by the National Development and Reform Commission (NDRC) on 24 February 2022 and […]
Electricity demand in south-east Asia is likely to increase in 2021, following slow growth or contraction in 2020, thanks to state support that has mitigated the impact of the coronavirus pandemic on power consumption, Fitch Ratings said in a new report. In Vietnam, a resurgence of Covid-19 cases in 2H21 led to re-imposition of restrictions. […]
Global steel production has more than tripled over the past 50 years, despite nations like the U.S. and Russia scaling down their domestic production and relying more on imports. Meanwhile, China and India have consistently grown their production to become the top two steel producing nations. See graphic here Below are the world’s current top […]
A century-old American grains trader is betting on Asia, opening up new offices and running assets in the region, as growing populations drive up demand for food and livestock feed, reports Bloomberg. admin
The new LNG policy draft has recommended liquefied natural gas (LNG) as the fuel of the future for heavy transport as well. The policy targets to convert 10 per cent of long haul heavy duty trucks to ply on LNG. The timeline to achieve the target, however, has not been specified in the draft document. […]
The 497 sugar mills operational in the country have together produced nearly 209 lakh tonnes of sugar till February 15 as against 170 lakh tonnes in the corresponding period last year, an increase of nearly 23 per cent. According to a press release issued by industry body Indian Sugar Mills Association (ISMA), while 183 sugar […]
