India needs to focus on export-led growth: World Bank

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India’s economic growth in recent years has been driven by domestic demand and its exports were about one third of its potential, a World Bank official said, asserting that the next government needs to focus on export-led growth. Praising attempts to liberalise markets within India, Hans Timmer, World Bank Chief Economist for the South Asia […]

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ICO raises 2018-19 global coffee surplus forecast

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The International Coffee Organization (ICO) has raised its forecast for global coffee production in 2018/19 to 168.05 million 60-kg bags from its earlier estimate of 167.47 million. World consumption in coffee year 2018/19 is estimated at 164.99 million bags compared to 161.38 million bags in 2017/18. The inter-governmental body now sees a global surplus of […]

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World cereal markets remain well balanced in 2018/19, says FAO

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Current world cereal production estimate for 2018, incorporating Chinese historical production revisions, stands at 2 655 million tonnes (including rice in milled terms), the U.N. food agency said in its latest monthly report. Although this figure is 46 million tonnes higher than the previous month’s estimate, world cereal production is still down 1.8 percent (48.8 […]

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Global cotton consumption seen at record high in 2019/20 – ICAC

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While the global cotton industry continues to face a number of challenges — trade uncertainties, slowing economic growth and weakening demand — consumption is still expected to set an all-time high in 2019/20, reaching 27.3 million tonnes, the International Cotton Advisory Committee (ICAC) said. However, that record-breaking number still won’t be enough to keep global […]

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Global coal demand up 0.7 per cent in 2018, largely due to Asia: IEA

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Global coal demand totaled 3.778 billion tonnes of oil equivalent (Btoe) in 2018, up 0.7 per cent on the year, bolstered largely by increased use in India and Southeast Asia, according to data released by the International Energy Agency. Coal rode the wave of increased demand from several Asian countries, as global energy demand grew […]

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