IGC revises up world wheat, corn output forecast; India likely to post bumper production
Total grain production in the 2018/19 marketing year will be 10 million tonnes higher than expected, and global stocks 6 million tonnes more than previously …
Indian gold demand lags on price surge; other Asian countries bet on Lunar New Year
Gold demand in India turned weak last week as local prices jumped to their highest level in two and a half years. Traders in major buying centres in Asia have …
Extreme weather adversely impacts coffee output in last 4 years
Coffee-producing South Indian states have been witnessing a series of extreme weather events in the last four years. Extreme rainfall causing heavy flood and …
ISMA says India’s sugar production up by 6.7% till Dec 31
India’s sugar production till December 31, 2018 was up by 6.7 per cent to 110.52 lakh tonnes as compared to 103.56 lakh tonnes in the same period last year, …
ICRA has stable outlook on India’s gold jewellery industry despite subdued demand
Ratings agency ICRA has a stable outlook on gold jewellery retail industry. Following a strong 9% volume growth in FY2018, gold jewellery demand has been …
Arab energy firms set to boost borrowing after oil prices crashed
Energy companies in Arab countries in the Persian Gulf may resume issuing more debt and borrow more money for expansion plans after oil prices plunged by 40 …
World crude steel output up 5.8% in October led by China and India – worldsteel
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 156.6 million tonnes (Mt) in October 2018, a 5.8% …
India unveils Rs 5,500 crore plan to help sugar industry battle excess production
The Indian government unveiled a Rs 5,500 crore assistance plan for the country’s sugar industry reeling under price pressures due to higher-than-expected …
Chances of El Nino developing by end of year as high as 70 percent – WMO
There is a 70% chance of an El Nino developing by the end of this year, according to the latest update from the World Meteorological Organization (WMO). Its …
Time running out for world’s forests as cover area continues to shrink – report
Time is running out for the world’s forests, whose total area is shrinking by the day, warns a new FAO report urging governments to foster an …