Delays in India’s sugarcane harvest likely to impact sugar prices globally

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As coronavirus infections surge throughout the country, migrant workers needed for the harvest are scared to travel, leading to a crisis of sorts for sugarcane harvest. The potential delays in the harvest of its massive sugarcane crop is threatening global supply. India’s sugar harvest begins in October, when other major global producers are winding down […]

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Global iron-ore production to grow modestly over coming decade, says Fitch Solutions

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Global iron-ore production will grow modestly over the years amid mine expansions in Brazil and increasing output from India, says financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions). It expects global iron-ore production to grow from three-billion tonnes this year to 3.7-billion tonnes by 2029. This is […]

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India’s fuel demand continues to weaken as coronavirus crisis worsens

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India’s fuel demand dragged lower in July, posting its fifth consecutive year-on-year decline, government data showed on Tuesday as a spike in coronavirus cases and floods in many parts of the country restricted economic activity. Consumption of refined fuels, a proxy for oil demand, fell to 15.68 million tonnes in July, 11.7 per cent lower compared with […]

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COVID-19 impact and lack of demand in auto industry reduces consumption of global iron ore by 2.8%: GlobalData

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The impact of COVID-19 on the mining industry has been strained by the struggling global automotive industry, which consumes approximately 17 per cent of iron ore globally, a report from GlobalData. Light vehicle sales fell by 24 per cent in Q1 (January-March) 2020 globally, then by 47.5 per cent in April 2020 and 33.8 per […]

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Coffee producers battle price gloom

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Coffee, the world’s favourite morning cuppa of cheer, is not bringing any joy to its producers. Coffee growers are struggling, as falling prices amid the Covid-19 pandemic are resulting in most producer countries unable to cover their costs, “let alone provide a decent livelihood to their families,” the International Coffee Organization (ICO) said.  Top executives […]

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