World oil markets rebalancing, but inventories still a concern – IEA
World oil markets are re-balancing as OPEC and allied countries implement production cuts, the International Energy Agency (IEA) said in its monthly report …
Cotton – Sales from China State Reserve reach 10 million bales, says USDA
Sales from China’s State Reserve remain strong with cumulative sales since the start of auctions on March 3 reaching over 10 million bales (2.2 million tons) …
USDA forecasts global oilseeds production in 2017/18 higher at record 577 million tonnes
Global oilseed production is forecast higher this month to a record 577 million tons, the U.S. Agriculture Department (USDA) said in its latest supply and …
Global coal falls as gas rises, IEA report on world energy balance shows
Global coal production fell significantly in 2016, while global trade in natural gas was up, according to the World Energy Balances report by the International …
Trade indicator points to continued modest recovery of world trade in third quarter, says WTO
The World Trade Organization (WTO) said its latest outlook indicator suggests that global merchandise trade growth will continue to strengthen in the third …
After tomatoes, onion prices begin to skyrocket in India
After tomatoes, it is the turn of onions now to start hurting an average Indian’s pocket. Average onion prices at the Laslagaon wholesale market in …
Indian jewellers stockpiled gold before new tax set in; festive season augurs well for demand, says WGC
Gold demand in India jumped by 37% this quarter against corresponding three months of previous year, but it will still hold below a five-year average in 2017, …
Sugar, dairy and cereals push global food prices up for the third month in a row – FAO
Global food prices rose for the third consecutive month in July, driven mainly by higher cereal, sugar and dairy quotations, the U.N food agency said in its …
Global cotton output forecast to rise by 8% in 2017/18; India seen as biggest producer
World cotton production is projected to increase by 8% to 24.9 million tons in 2017/18 due entirely to an 8% expansion in global cotton area to 31.7 million …
Overly dry conditions in some countries to reduce grains output by 4% in 2017/18, says IGC
The International Grains Council (IGC) has cut its forecast for world total grains production in 2017/18 by 11 million tonnes, month-on-month, to 2,038 million …