The number of people facing acute food insecurity and needing urgent life and livelihood-saving assistance has hit a five-year high in 2020 in countries beset by food crises, an annual report launched today by the Global Network Against Food Crises (GNAFC) – an international alliance of the UN, the EU, governmental and non-governmental agencies working to tackle food crises […]
The global market for cashews is booming, but the African countries growing more than half the world’s supply aren’t cashing in, an UNCTAD report says, due to their lack of processing industries. Between 2000 and 2018, world trade in raw cashew nuts more than doubled to 2.1 billion kilograms, and African producers – led by […]
World cotton consumption is expected to exceed production for the second year in a row, reducing world stocks by 3.2 million bales, the U.S. Department of Agriculture has said. World cotton production is expected to rise 4.7 percent with the most significant year-over-year growth in Pakistan, Australia, Brazil, the United States, and West Africa. Global […]
India’s oil imports from Africa jumped to its highest in 10 months in August 2020 as refiners switched out more expensive crude from the Middle East, Reuters reports citing shipping data. The world’s third biggest oil importer shipped in about 3.95 million barrels per day (bpd) of oil in August, the highest volume since April, from African […]
The Indian government is all set to propose a World Solar Bank during the next assembly of International Solar Alliance (ISA) scheduled to be held in October, according to a report in Business Standard. The proposed financing agency is aimed to pool resources from across the globe and use them to fund solar power projects in ISA […]
The Covid-19 disruptions have changed the structure of India’s oil and gas sector with telling effects. The share of OPEC crude in Indian oil imports fell to a decade-low in July 2020, reports IANS. As per data, the oil cartel’s share in India’s oil imports fell to about 67 per cent in July as against highs of […]
China, one of the biggest importers of raw materials from Africa, including copper, cobalt and oil, cut its imports from the continent by 31 per cent while its exports to Africa fell by 8.3 per cent as restrictions to curb the spread of the pandemic hurt both exports and imports, reports South China Morning Post […]
More people are going hungry than before and their ranks are only set to increase with the onset of the deadly Covid-19, the United Nations’ Food and Agriculture Organisation (FAO) said in a new report. The number of people who went hungry in 2018 rose by 10 million to on year to 690 million and […]
(This story appears here courtesy our content partner MySteel Global) After 10 years of struggling and little progress in the Simandou co-development mainly between Rio Tinto and Aluminum Corporation of China Limited (Chalco), the deposits has been back on the radar in the world’s iron ore community, coincidentally with a resurgence in global iron ore prices […]
Record harvests of wheat and barley are expected to outweigh a poorer maize crop to lift world total grains — wheat and coarse grains — production by 40m t in 2019/20, to 2,177m, only modestly below the all-time peak in 2016/17, the International Grains Council (IGC) said in its latest monthly report. Consumption is forecast to climb […]
