Brazil seeks WTO to set up dispute panel against India on sugar subsidy

Brazil has sought establishment of a dispute panel under the aegis of the World Trade Organization (WTO) in a case against India’s sugar subsidies to farmers. In February, Brazil and several other countries including Australia and Guatemala have dragged India into the WTO’s dispute settlement mechanism alleging that New Delhi’s sugar subsidies to farmers are […]

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Australia predicts 50% drop in iron ore price by 2021

In its latest quarterly report, the Australia’s Department of Industry predicts Chinese steel output – which represents half global production – has reached its high water mark. The official forecaster of the world’s top exporting country sees Chinese steel production peaking at 940 million tonnes this year before going into a steady decline, dragging down imports […]

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Kuwait plans overseas expansion of Natural Gas

State-owned Kuwait Petroleum Corporation (KPC) aims to significantly raise production from its assets in Canada and Australia. The acting CEO of Kuwait Foreign Petroleum Exploration Company (KUPFEC), Sheikh Nawaf Saud Al-Sabah, told Bloomberg that KUPFEC plans to raise production from Canada’s shale gas project Kaybob Duvernay from some 12,000 barrels of oil equivalent per day […]

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Australia finally clears Adani to mine one of the world’s largest coal reserves

The most divisive mining project in recent Australian history can finally break ground after the state of Queensland cleared the final regulatory hurdle on Thursday for Adani Group’s Carmichael coal mine. The approval of the project’s groundwater management marks the end of an almost 10-year wait, during which the proposed mine faced steady resistance by environmental groups. Local […]

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Australia’s winter crop forecast to jump 20 per cent after last year’s drought – ABARES

Australia’s winter crop will jump 20 per cent after a drought-ravaged season last year, national forecaster ABARES said in a statement. It forecast this year’s winter crop to reach 36.4 million tonnes. “Above average May rainfall in South Australia, Victoria and southern New South Wales made for favourable planting and growing conditions in these regions. […]

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Adani’s coal project in Australia may take off as new govt comes to power

A surprise election victory for Australia’s pro-coal ruling Coalition is ratcheting up pressure on the Queensland state government to approve development in one of the biggest untapped reserves of the fossil fuel. Adani Group’s Carmichael coal project is located in Australia’s huge Galilee Basin, which if fully developed, has the potential to more than double […]

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RCEP deal may hurt India’s export competitiveness: Trade Promotion Council

The proposed Regional Comprehensive Economic Partnership (RCEP) agreement may hurt India’s export competitiveness as the trade balance is already skewed, Trade Promotion Council of India (TPCI) said. TPCI said that the proposed RCEP, which is a mega free trade agreement, could lead to flooding of goods in the Indian market from the member countries; and […]

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