The Cotton Association of India (CAI) has estimated its cotton crop for the 2019-20 season at 354.50 lakh bales of 170 kgs. each which is higher by 42.50 lakh bales compared to the previous year’s crop of 312 lakh bales. The increase in crop estimated for the 2019-20 season is on account of higher acreage […]
After a lacklustre performance in the second quarter, several top domestic steelmakers are cutting down on capital expenditure and conserving cash, for what can be described as a long winter before demand revives. Tata Steel, JSW Steel and Jindal Steel and Power (JSPL) have decided to slash their capital expenditure for the year, says a […]
China lifted its annual rare earth output quotas on Friday by 10 per cent to record-high levels for 2019, potentially easing fears the world’s dominant producer of the group of 17 prized minerals will restrict supply. Beijing in late May raised the prospect of weaponising its control of rare earths, used in everything from consumer […]
India’s new steel scrap policy has raised several market concerns ranging from a surge of mixed metal (unprocessed) scrap flowing into the country to challenges of setting up recycling centers, market participants said. On 6 November, 2019, India’s Ministry of Steel unveiled its steel scrap recycling policy after seeking industry feedback on a draft of […]
World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United Nations food agency said. The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 172.7 points […]
The government will now prioritise getting contracts for coking coal imports at competitive prices instead of trying to buy coal mines, as it was planning earlier. “The plan is to not acquire assets but only freeze orders in advance to get coal at competitive prices,” said Union Coal Minister Pralhad Joshi to Business Standard, on […]
The country’s export of oilmeals during October 2019 has been provisionally reported at 105,085 tonnes compared to 233,867 tonnes in October, 2018, a decrease of 55 per cent. As per the data compiled by the Solvent Extractors’ Association of India, the overall export of oilmeals during April to October 2019 is reported at 13,92,564 tonnes […]
The Department of Consumer Affairs (DoCA) through an inter-ministerial committee has again reviewed the prices and availability of onions. During the meeting it was informed by officials that supply disruptions are mainly due to rain and two cyclones and it is expected to improve in the coming days. With supplies running short and onion prices […]
India’s 2019-20 sugar production is set to fall by 19 per cent over previous year, industry body Indian Sugar Mills Association (ISMA) said in its first estimate of sugar production for 2019-20. India is expected to produce 268.5 lakh tonnes sugar in 2019-20 as against 331.61 lakh tonnes produced in the previous year. A press […]
OPEC admitted that demand for its oil over the next few years could be drastically weaker than it previously thought, due to a combination of a weakening economy, rising supply elsewhere, and pressure from climate activists. In its World Oil Outlook, OPEC said that demand for its oil may only reach 32.8 million barrels per […]
