From south-west to north-east, a stretched monsoon has pushed vegetables in India into an unsavoury stew of high prices, ratings agency CRISIL said in a report, adding that any respite in the short-term will be a function of how it pours from here. “First came the erratic and often copious summer spells that delayed arrivals […]
World coffee consumption is resuming its steady growth of the last 10 years as before the outbreak of the Covid-19 pandemic, the International Coffee Organization (ICO) said in the latest monthly report. Consumption is projected to rise by 1.9% to 167.15 million bags in 2020/21 as compared to 164.02 million bags for coffee year 2019/20, […]
Countries need to make their agrifood systems more resilient to sudden shocks of the kind witnessed during the COVID-19 pandemic, which has emerged as a major driver of the latest rise in global hunger estimates, the Food and Agriculture Organization of the United Nations (FAO) said in a report, adding that without proper preparation unpredictable […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 145.7 million tonnes (Mt) in October 2021, a 10.6% decrease compared to October 2020, with China leading the way with a sharp decline. China produced 71.6 Mt in October 2021, down 23.3% on October 2020. India produced 9.8 Mt, […]
The demand for gold is likely to remain subdued this year following Covid-related disruptions that continues in India, the World Gold Council (WGC) said in a report. However, in 2022, the impact of pent-up demand for the precious metal is likely to herald a period of robust demand, the report suggested. Demand for gold may be more […]
A new energy economy is emerging around the world as solar, wind, electric vehicles and other low-carbon technologies flourish, but this clean energy progress is still far too slow to put global emissions into sustained decline towards net zero, the International Energy Agency (IEA) said in its new World Energy Outlook. “The world’s hugely encouraging clean […]
After two consecutive years of decline, revenue of gold jewellery retailers is poised to grow 12-14% on-year this fiscal, driven by stable gold prices and recovery in discretionary spending, including on wedding and festive jewellery, ratings agency CRISIL said in a note. Operating margin, though, will be restored to the pre-pandemic level of 6.5-7.0%, with […]
The recent increase in global crude oil prices is creating immediate short- and mid-term challenges for India as it emerges from a second wave of the Covid-19 virus to find pump prices at record highs that could impact both inflationary pressures and the economy. Global crude prices were touching $75/barrel this week – up 33% […]
Australia might have been hurt badly after China shut doors to it coal, but India has emerged as a saviour buying a lot more than it did from Canberra earlier as demand in Asia’s third-largest economy rises. India and China have been the largest consumers of Australian coking coal, buying about 25 per cent and […]
Forecasts tell you a lot about the forecaster, but they don’t tell you anything about the future or in the case of commodities the grammatically weird plural futures. When they do come true, it is usually a mixture of deep intelligence meeting immense luck. The July 1995 released film The Net, starring Sandra Bullock as […]
