Fearing a new kind of germ warfare, Indian government has alerted state governments, agriculture universities, seed associations, certification agencies and research institutes under Indian Council of Agricultural Research (ICAR) to remain vigilant as unsolicited seeds reaching the country via courier. The government is perceiving a new threat of foreign seeds harming India’s food chain and […]
The price fluctuations in the high-grade iron ore market remains a key concern for Chinese steelmakers, especially with iron ore fines prices hitting an intra-year high on August 3, according to FastMarkets. admin
Beijing aims to force all foreign oil companies out of the South China Sea, leaving itself as the only potential joint development partner for rival sea claimants. Last year, a US State Department spokesman estimated China is effectively blocking the development of $2.5 trillion worth of oil and gas resources in the South China Sea. Other analysts have […]
China, one of the biggest importers of raw materials from Africa, including copper, cobalt and oil, cut its imports from the continent by 31 per cent while its exports to Africa fell by 8.3 per cent as restrictions to curb the spread of the pandemic hurt both exports and imports, reports South China Morning Post […]
(The story appears here courtesy our content partner Mysteel Global) Daily crude steel output among the 97 member mills of the China Iron and Steel Association (CISA) dipped further over July 1-10 by another 11,400 tonnes/day or 0.5% over ten days to 2.13 million t/d, according to CISA, as many of them have commenced mid-year maintenance […]
Gold prices have crossed another important benchmark at above $1,800/troy ounce this week, the highest level since 2011, amid surging cases of coronavirus that have deepened worries about a global economic slowdown. But the question that is lingering on investors’ mind is whether this is the right time to get onboard gold’s rally? To be […]
Owing to heavy rains, it is believed at least 162 people are dead and several more missing after a heap of mining waste swept through a jade mine in northern Myanmar, burying many workers under mud and water. Workers had been collecting stones in a mountainous area of Kachin state, the heart of the country’s […]
Palm oil demand in India, the world’s top edible oil importer, is set to plunge this year as coronavirus lockdowns have slashed food service sector demand, while households are opting for alternatives at the supermarket. Traders say India’s palm oil imports could plunge 20 per cent from a year ago to 7.5 million tonnes in the 2019/20 marketing […]
While China – the world’s largest coal producer and consumer – is officially calling for a reduction in its reliance on the polluting fuel, its statistical consumption patterns tell a different story, reports Asia Times. admin
The country’s edible oil import rose 8 per cent to an eight-month high of 1.16 million tonne (mt) in June, even as palm oil shipments declined sharply, said Solvent Extractors’ Association (SEA), a Mumbai-based trade body, on Tuesday. India, the world’s leading vegetable oil buyer, had imported 1.07 mt edible oil during the same month […]
