Global wheat supplies seen up in 2018/19 on higher production

The U.S. Department of Agriculture (USDA) raised global 2018/19 wheat supplies by 6.7 million tons on both increased production and beginning stocks, with the vast majority of this change stemming from the updated production data released by China that made significant output changes from 2007/08 through 2017/18. In addition, the USDA also raised China’s 2018/19 […]

Read more

India’s steel demand seen rising with other developing nations despite challenges

As India recovers from the twin shocks of demonetisation and the goods and services tax (GST) implementation, its steel demand is expected to move back to a higher growth track, worldsteel said in its latest short range outlook, adding that the demand will be supported by improving investment and infrastructure programs. However, it warned that […]

Read more

Global steel demand to rise 1.4% to 1,681 Mt in 2019, China demand growth seen slowing – worldsteel

20151002142348-5a335b0a.jpg

Global steel demand will reach 1,657.9 Mt in 2018, an increase of 3.9 percent over last year, and further rise by 1.4 percent to 1,68 Mt in 2019, worldsteel forecast in its latest short range outlook. “In 2018, global steel demand continued to show resilience supported by the recovery in investment activities in developed economies […]

Read more

Global wheat supplies reduced; coarse grain, oilseeds output lowered in latest USDA forecast

james-wainscoat-744643-unsplash.jpg

The U.S. Department of Agriculture (USDA) said it was reducing global 2018/19 wheat supplies forecast, primarily on lower production forecasts for Australia and Russia. “Australia’s production is decreased 1.5 million tons to 18.5 million on continued dry conditions and possible frost damage. This would be Australia’s smallest production since 2007/08,” it said in its latest […]

Read more

Robust supplies pushed global food prices down in September — FAO

Food-Collage.jpg

Global agricultural food commodity prices fell in September due to growing inventories of key staples, the UN food agency said in its latest monthly report. The FAO Food Price Index declined 1.4 percent from August and is now 7.4 percent below its level during September 2017. The FAO Cereal Price Index dropped 2.8 percent, led by maize […]

Read more

Gold demand in India to rise by 25% due to higher MSP to farmers – report

India’s gold demand is likely to surge 25 per cent in the second half of this year on improved purchasing power of farmers owing to higher minimum support price (MSP) for crops announced by the government, a report by Assocham-World Gold Council report. India, the world’s second-biggest buyer of the precious metal, consumes 800-900 tonne […]

Read more