Malaysia’s restrictive orders hampers Aussie miner Lynas’ growth plans

Uncertainties surrounding Australian rare earths miner Lynas Corporation Ltd’s future in Malaysia have hampered efforts to plan expansion, its chief executive said, as reported by Reuters. Lynas’ next stage of growth will require additional investments beyond merely squeezing more capacity out of its existing asset, the CEO told Reuters this week. Lynas’ $800 million plant […]

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Australia accuses India of breaching WTO limits by its sugarcane subsidy

Australia has claimed that India’s annual subsidies to sugarcane producers have breached the allowed limits by as much as ten-fold in the past six years, Australia told the World Trade Organization in a document published by the world body. Australia claims that India had not reported any subsidies for sugarcane or its derived products since […]

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Australian Mines shares soar after partnering with Indian firm to produce key battery metal

Shares in Australian Mines closed 25 per cent higher last week after the company announced it had partnered with an Indian firm to evaluate the use of scandium in next-generation battery storage technology. The Perth-based miner said its planned collaboration with India’s Amrita Centre for Research and Development’s Centre of Excellence in Advanced Materials and Green Technologies acknowledges […]

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Global wheat supplies seen up in 2018/19 on higher production

The U.S. Department of Agriculture (USDA) raised global 2018/19 wheat supplies by 6.7 million tons on both increased production and beginning stocks, with the vast majority of this change stemming from the updated production data released by China that made significant output changes from 2007/08 through 2017/18. In addition, the USDA also raised China’s 2018/19 […]

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Australia says farm production value remains stable despite drought

The value of Australia’s farm production is forecast to remain relatively unchanged at $60 billion in 2018–19, well above the 10-year average of $56 billion, despite very dry conditions in some places, ABARES in the latest forecasts released in the September quarter Agricultural commodities report. “Although dry conditions are affecting agricultural production in eastern Australia, expected […]

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Brazil and Australia team up to oppose sugar export subsidy in India – report

Brazilian and Australian sugar industry groups have joined forces and are working together with their respective governments to prepare a formal complaint to the World Trade Organization (WTO) over any possible sugar export subsidy by India, a top Brazilian sugar official told Reuters. Eduardo Leão, executive director at Brazil’s cane industry group Unica, said in […]

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Australia says winter crop output to fall by 12% in 2018-19; wheat down 10%

Australia’s total winter crop production is expected to drop by 12 per cent to 33.2 million tonnes, with wheat crop down by 10 percent, as production declines in all eastern states, according to the latest crop report. According to the Department of Agriculture and Water Resources (ABARES) well below average production is expected in New […]

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