Thermal coal stockpiles at Indian power plants began to decline over the last week, although they remained markedly higher than the year-ago period, according to data released Monday by the Central Electricity Authority. Data available with the Central Electricity Authority showed that 23 of the 114 plants had low coal stocks, much higher than just […]
The current state of the global economy made gold a very attractive investment, said Somasundaram PR, managing director of World Gold Council, India, acknowledging that the dark clouds thanks to the on-going US-China trade war, depressed interest rates and uncertainties around oil production and prices made things difficult. “It is well known that during times […]
India closed its grape export season of 2018-19 with a 31 per cent rise in export of the fruit to Europe, the most premium market. Exports to Russia, China and other destinations are expected to have increased by about 25 per cent to 30 per cent. Grape growers had reported a bumper crop this year […]
India imported 1,232,283 tonnes of vegetable oil, consisting 1,198,763 tonnes of edible oils and 33,520 tonnes of non-edible oils, in April, down 11 per cent as compared to 1,386,466 tonnes in April 2018, according to latest data from the Solvent Extractors Association (SEA). The overall import of vegetable for the first six months of the […]
Global demand for gold grew to 1,053.3 tonnes in Q1, up 7 per cent year-on-year, according to the latest report by the World Gold Council (WGC). A big reason for the stronger demand is central banks, which continued to buy gold for diversification and liquidity purposes. Another is improvement in the India market. Central banks around the […]
Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said. Metal prices are expected to continue a recovery in 2019 that follows a sharp drop […]
The government of India has estimated the country’s wheat production at 25.16 million tonnes in the 2018-19 Rabi crop sowing season. The estimate came in a meeting of the Federal Committee on Agriculture (FCA). The FCA, which was tasked with overseeing strategic measures to ensure food security in the country, reviewed harvests of Rabi crops […]
Indian sugar mills have contracted to export 2.7 million tonnes of sugar since the current season began on Oct. 1, trade body All India Sugar Trade Association (AISTA) said. Mills have already shipped out 1.7 million tonnes of the sweetener, a top official of the All India Sugar Trade Association told Reuters. Indian mills have […]
Recent policy measures by the government to improve the investment climate and boost private consumption and investment will help India to lift economic growth in the next two fiscal years, according to a new report from the Asian Development Bank (ADB). In its Asian Development Outlook (ADO) 2019, ADB projects gross domestic product (GDP) growth in […]
Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions, according to a new Asian Development Bank (ADB) report. The latest Asian Development Outlook (ADO) 2019, ADB’s flagship economic publication, forecasts that growth in the region will soften […]
