Record wheat and barley harvests seen lifting world grains output by 40 million tonnes in 2019/20

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Record harvests of wheat and barley are expected to outweigh a poorer maize crop to lift world total grains — wheat and coarse grains — production by 40m t in 2019/20, to 2,177m, only modestly below the all-time peak in 2016/17, the International Grains Council (IGC) said in its latest monthly report. Consumption is forecast to climb […]

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India’s move to open commercial coal mining can halve its annual import bill, says CRISIL

India’s move to open up commercial coal mining can halve the annual expenditure incurred on importing non-coking coal because of substitution through domestic production. In fiscal 2020, India imported an estimated 180-190 million tonne (MT) of non-coking coal costing over Rs 90,000 crore. The government earlier this month approved the liberalisation of coal mining by […]

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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 […]

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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 […]

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

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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 […]

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

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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 […]

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