Consumer investment in gold increased in the second quarter of 2021 but some investors were less bullish, according to the World Gold Council’s latest Gold Demand Trends report. The two forces helped create a gold demand of 955.1 tonnes over the quarter, a 9% rise from the first quarter of 2021. Last year, the demand for […]
India’s shrimp exports to China have been witnessing a sharp decline, and that has made shrimps cheaper in the domestic markets by 30-40 per cent since March 2021. Given that China is the second largest purchaser of Indian shrimps after the USA, it has impacted exports quite severely. According to shrimp exporters, since China was […]
The Olympic cauldron, for the first time in Olympic history will be powered with hydrogen and will expectedly shine a new light on the opportunities for clean energy in Japan and across the planet. Hydrogen is being used for the first time to fuel the Olympic torch during its journey through Japan for Tokyo 2020, […]
Hot and spicy red chillies continue to top the export basket of spices from India. And China emerges as the largest importer of Indian red chillies, especially the fiery Teja variety, as it consumes large quantities of the pungent spice. In FY21, India exported 6,01,500 tonnes of red chillies worth about Rs 8,430 crore. The […]
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 […]
Supplies of critical minerals essential for key clean energy technologies like electric vehicles and wind turbines need to pick up sharply over the coming decades to meet the world’s climate goals, creating potential energy security hazards that governments must act now to address, according to a report by the International Energy Agency. The special report, The […]
Recent reports about Mumbai’s gold hub at Zaveri Bazaar shifting to New Mumbai is nothing new. Plans to shift the congested gold market in south Mumbai have been afoot for three years when Maharashtra state government signed an agreement with Gems and Jewellery Export Promotion Council (GJEPC) at the Magnetic Maharashtra 2018 conclave during the […]
The International Cotton Advisory Committee (ICAC) said in its latest report that it expects global cotton production for 2020/21 at an estimated 24.6 million tonnes, led by India. Global consumption is estimated at 25 million tonnes, led by demand from China. Global trade, it said, was estimated at 9.8 million tonnes. The ICAC said these […]
