Renewable sources of electricity such as wind and solar grew at their fastest rate in two decades in 2020 and are set to expand in coming years at a much faster pace than prior to the pandemic, according to a new report by the International Energy Agency (IEA). The growth in Europe and the United […]
Martin Scorsese—the director who whets America’s obsession with gang movies—in his 2019 film ‘The Irishman’ inadvertently touched upon the vital cog of commodities: trucks and the American truck union Teamsters. The unsolved disappearance in 1975 of Jimmy Hoffa, President of America’s largest union Teamsters—they had enormous liquidity with pension funds and it is believed that […]
The blitz that caused Colonial Pipeline to shut down the biggest US gasoline pipeline on Friday began with hackers launching a cyber-attack against the company a day earlier, stealing a large amount of data before locking computers with ransomware and demanding payment, Bloomberg reported on Sunday morning citing people familiar with the matter. The intruders, […]
The Southwest monsoon will in all likelihood hit Kerala on time, according to the Extended Range Forecast (ERF) released by the India Meteorological Department (IMD) on Thursday. The normal date for the monsoon onset over Kerala is June 1. “IMD’s ERF suggests that the monsoon will arrive over Kerala on time, around June 1. This […]
Global coffee prices continued their upward trend in April, as the monthly average of the ICO composite indicator rose to 122.03 US cents/lb, 1.4% higher than in March 2021 and 12% higher than in April 2020, representing the sixth consecutive month of increase and the highest monthly average in over three and a half years, […]
International food commodity prices rose for the 11th consecutive month in April, with sugar leading the increase and cereals resuming their upward trend, the Food and Agriculture Organization of the United Nations (FAO) said on Thursday. The FAO Food Price Index averaged 120.9 points in April, 1.7 percent higher than March and 30.8 percent higher than its level […]
Emboldened by the impressive annual export numbers in 2020-21 (released early April), the exporters fraternity till recently was exuding confidence of trade figures reaching a new trajectory in 2021-22. However, with the new wave of Corona creating a more devastating impact especially since the middle of April, the exporters are now wary of a sudden […]
The spread of the Covid 19 pandemic and the subsequent lockdown last year actually helped tea producers realise better price at the tea auctions as demand surged with an increase in home tea consumption and shortage of tea supply, Dr KK Dwivedi, Principal Secretary, Industries and Commerce, Government of Assam, who is also the chairman […]
Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets. Aluminum is surging and iron ore jumped to a fresh high as commodities advance toward the highs of the last supercycle. Metals are benefiting as the world’s largest economies announce stimulus programs and climate pledges […]
With volume uptick unlikely for the second year in a row in coffee consumption in the global market due to Corona led restrictions, Indian coffee exporters are expecting lower supply from the main producing country Brazil somewhat salvaging the situation for them in 2021. Speaking with indoasiancommodities, Ramesh Rajah, President, Coffee Exporters Association of India said the […]
