Steel stocks at Chinese traders’ warehouses declined further and faster over September 11-17, thanks to the firm end-user demand over the period, even though market sentiment stayed gloomy, Mysteel Global noted. The inventories of rebar, wire rod, hot-rolled coil, cold-rolled coil and medium plate among traders in 132 cities nationwide checked by Mysteel decreased for […]
Heavy rains in some parts of the country have affected standing crops including paddy, pulses, oilseeds, spices, fruits and vegetables, Agriculture Minister Narendra Singh Tomar said in a written reply in the Rajya Sabha. “There have been extreme weather events in the form of heavy rains in some parts of the country which affected the standing crops,” he said. Tomar […]
While India has imposed a total ban on exports of inions to check domestic rise in its prices, Karnataka farmers have urged the Centre to allow shipment of 10,000 tonnes of ‘Bengaluru Rose’ variety of onions to prevent the produce from damage as there is no demand in the domestic market. A delegation of ‘rose […]
A surge in demand from the auto and white goods sectors followed by some activity in government infrastructure projects are driving the recovery of large Indian private steel producers. However, small steel producers have had to cut production because of severe shortage of raw material and higher input costs. India’s largest private sector steel producer, […]
International skimmed milk powder (SMP) prices have hit a seven-month high, reports Indian Express. Last week, prices of SMP at Global Dairy Trade (GDT), the fortnightly auction platform of New Zealand’s Fonterra Cooperative, averaged $2,889 per tonne. This was a 8.5 per cent jump over the previous auction rate of $2,663 on September 1 and […]
Expecting a bumper crop, Maharashtra is all set to commence the cane-crushing season of 2020-21 from October 15, reports Financial Express. The area under cultivation this year is estimated to have increased by 29 per cent to 10.66 lakh hectare for the sugar year 2020-21, according to the estimates prepared by the Maharashtra Sugar Commissionerate. […]
Thinking about peaches and cherries during the lockdown? Sure, a word of advice though — it may be easier to go for cherries than peaches this year. World peach and nectarine production is set to fall by 5% to 21.0 million tons because of bad weather in top producers China and the European Union. China’s […]
Chinese steel-makers, in search of a way out of the U.S.-China trade war, have been on a blast furnace construction binge in Southeast Asia. As a result, the region’s capacity has swelled so significantly that the Southeast Asia Iron and Steel Institute has issued a warning: In the next few years, the region may face […]
India’s coal-fired electricity generation rose 9.4 per cent in the first half of September, provisional government data showed, as demand from industrial western states rose for the first time since coronavirus lockdowns were enforced. The country’s overall electricity generation rose 1.6 per cent during the first 15 days of September, a Reuters analysis of daily […]
India’s petrol sales rose for the first time in the first half of September since the country’s lockdown in late March, indicating demand may have returned to pre-COVID-19 levels. Petrol sales between September 1 and 15 rose 2.2 per cent year-on-year and were up 7 per cent over the previous month, according to preliminary industry […]
