Jewellery exports in June 2019 decline by 16% YoY on slow demand from China and Gulf countries

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Gem and jewellery exports declined 16.26 per cent to $2,826 million during June 2019 from $3,375.17 million during the same month last year. Exports during the first quarter of FY20 declined by 10.38 per cent to $9.18 billion from $10.25 billion during the same period last year. Experts say that the trend seen in first quarter is […]

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INTERVIEW – India could benefit from U.S.-China trade tensions if it builds capacities

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By Biman Mukherjee Though US and China recently agreed to resume their trade talks at the recent G-20 summit, analysts say tensions between two of the world’s largest economies are likely to persist in coming months. India may be in a unique position in Asia to actually benefit from the trade situation. Indoasiancommodities.com interviewed Prof […]

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Global crude steel output up 5.4% yr-on-yr in May; China rose 10%, India 5.1% – worldsteel

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 162.7 million tonnes (Mt) in May 2019, a 5.4% increase compared to May 2018. China’s crude steel production for May 2019 was 89.1 Mt, an increase of 10.0% compared to May 2018. the global body said in its latest […]

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Indian aluminium producers’ seek import duty hike ahead of budget

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Ahead of the budget, aluminium producers in India have sought steps from the government to hike import duty on primary aluminum, scrap and downstream products and rationalise costs of raw materials. Industry bodies such as the Aluminium Association of India (AAI) and FICCI have informed the government that the aluminium sector of the country is […]

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Indian 2019/20 wheat production estimated to hit record, says USDA

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The US Department of Agriculture (USDA)estimates 2019/20 India wheat production at 101.2 million metric tons, up 1 percent from last month and from last year. Area harvested is estimated at 29.8 million hectares, up slightly from last year. This minor revision from last month is based on the India’s Ministry of Agriculture third advance estimates. […]

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