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 […]
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 […]
In the heat and dust of elections, what appears to have missed the public eye is a lost opportunity worth billions of dollars for India’s iron-ore exports. Few political leaders appear to be talking about it except for those in the tiny western state of Goa, where the economy has been brought to the brink […]
A crash in Australian thermal coal prices is raising fresh questions about the viability of a controversial $4 billion coal mine just a week ahead of a national election in which climate change is a key issue. Final approval of the Carmichael coal mine in Queensland, owned by India’s Adani Enterprises, should come in “a […]
Global wheat production is forecast at a record 777 million tons, rebounding 46 million from last year, the U.S. Department of Agriculture said in its latest report. Production among the top exporting countries is projected up a combined total of 34 million tons as nearly all are expecting larger crops, it said, adding that the […]
The International Grains Council (IGC) has raised its forecasts for world wheat and corn production in the 2019/2020 season. The 2019-20 projections indicate a return to the bearish combination of rising production and stocks last experienced in 2017-18. The inter-governmental body, in a monthly update, increased its global wheat crop forecast by 3 million tonnes […]
India has issued a combined 650,000 tonne import quota for pulses for the fiscal year to March 2020, Reuters reported citing a government order, allowing overseas purchases of protein-rich pulse varieties. Two straight years of drought pushed up pulse prices in 2015 and forced New Delhi to allow duty-free imports. But record imports of 6.6 […]
The global iron ore market is likely to have a shortfall following the dam spill and mine curtailments at top supplier Vale SA, according to Fortescue Metals Group Ltd. founder Andrew Forrest, who cautioned that other producers face constraints in boosting output. “We do have to face the reality of a potential deficit,” Forrest said […]
With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. Mango exports to US have taken off in a big way with more than 1,000 tonnes expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board […]
China’s shift towards more environmentally friendly policies and its goal of doubling natural gas to at least 12 per cent of its energy mix, has made it quickly emerge as a significant player in the market. The potential LNG glut was forecast to persist until 2022, but Beijing single handedly changed the fortunes of producers with a massive increase […]
