ICO raises 2018-19 global coffee surplus forecast

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The International Coffee Organization (ICO) has raised its forecast for global coffee production in 2018/19 to 168.05 million 60-kg bags from its earlier estimate of 167.47 million. World consumption in coffee year 2018/19 is estimated at 164.99 million bags compared to 161.38 million bags in 2017/18. The inter-governmental body now sees a global surplus of […]

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Extreme weather adversely impacts coffee output in last 4 years

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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 large-scale landslides in August 2018 in coffee producing areas of Kerala and Karnataka led to a dip of around 20 per cent in the total coffee production. South Indian states like […]

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London-based Vedanta Resources to expand zinc output in Africa and India – report

UK-based Vedanta Resources may accelerate expansion of its African zinc operations to take advantage of prices that have reached their highest levels in a decade because of a shortfall following years of under-investment, its international zinc head said, according to a Reuters report. The rally in zinc prices is the highest since 2007 and has […]

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Droughts destroy enough farm produce to feed 81 million people every day, says World Bank

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Repeated droughts around the world have shockingly large and often hidden consequences, destroying enough farm produce to feed 81 million people every day for a year, damaging forests, and threating to trap generations of children in poverty, according to a new report from the World Bank Group. Uncharted Waters: The New Economics of Water Scarcity […]

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September marked 393rd straight month with temperature above 20th-century average

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The average global temperature set in September 2017 was 0.78°C  (1.40 degrees F) above the 20th-century average of 15.0°C (59.0 degrees F), according to scientists from U.S. National Oceanic and Atmospheric Administration (NOAA). This average temperature was the fourth highest for September in the 1880-2017 record. This marked the 41st consecutive September and the 393rd […]

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Rise in number of commodity dependent developing countries cause of concern, says UNCTAD,

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An increasing number of developing countries – specially in Africa – that are becoming commodity dependent saw their revenue from commodity exports jump 25% to US$ 2.55 trillion between 2010-2015, the UN trade agency said in a new report. Commodity dependence can negatively affect human development indicators like life expectancy, education, and per capita income, […]

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