India’s big business corporate houses like Reliance, Adani, Tata, and Jindal are some of the 18 companies that have applied for the government’s Rs 4,500 crore production-linked incentive (PLI) scheme. They expect to start or increase their manufacturing capacity with the help of these funds. State-owned giant, Coal India Limited (CIL), which is also trying […]
Global iron-ore production growth will accelerate in the coming years, predicts Fitch Solutions’ Country Risk and Industry Research. The firm forecasts that global mine output growth will average 3.6% over the 2021 to 2025 period, compared with a negative 2.3% over the previous five years. This will lift yearly production by 571-million tonnes by 2025, […]
Last March, as the world economy shut down, commodity producers knew they were in for a harrowing time. Demand fell off a cliff and producers scrambled to cut capacity. Mines shut shop, rolling mills ground to a halt and oil transporters had to pay buyers to take delivery. A year later, the speed of the […]
Iron ore is the most heavily-traded dry cargo globally. India participates both as an exporter and importer. It is only expected that prices in the world market will have its impact in India as well. The fluctuations in iron ore prices In this decade alone have been astounding. Iron ore prices peaked at $187 a […]
India had a very good monsoon in 2019, leading to a bumper harvest early 2020. Just when the harvest season was nearing completion and the produce were about to go reach the markets when the Covid stuck. Suddenly within few hours, the entire country went on a lockdown on 24 March. The lockdown affected farm […]
The spread of the Covid-19 pandemic led to lockdowns and economic devastation across the world. The story for commodities was far more nuanced, reflecting that the pandemic was not your run-of-the-mill global recession. The story for 2021 is likely to be dominated by the recovery from the coronavirus, especially since it now seems likely that […]
Australia’s ties with top trade partner China soured in 2018 when it became the first country to publicly ban China’s Huawei from its 5G network, and worsened after Canberra called for an enquiry into the origins of the coronavirus. Tit-for-tat diplomatic reprisals have since followed, including raids on the homes of Chinese journalists in Australia, […]
For the sugar season which has started, the annual production is estimated to be 326 lakh tonne, without any diversion towards ethanol, and the season has started with opening stock of 107 lakh tonne. Thus India’s sugar stock at the end of the season is estimated to be a whopping 433 lakh tonnes. Domestic consumption […]
At the very outset, allow me to dispel any lingering notion that India will replace China. That much-vaunted, zealous sabre rattling is just that – sabre rattling at worst and a distant dream at best. If at all, by all indications the economic disparity between India and China might expand, rather than contract, with time. […]
The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said. “There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as five years,” […]
