Refiners in India are buying rare crude oil cheap as coronavirus scare slows demand in China

Indian refining companies are snapping up rare crude grades as the coronavirus outbreak curtails China’s demand for processing, executives and traders said, with prices for some grades falling by as much as 15 per cent. Chinese refiners have slashed output by at least 1.5 million barrels a day in February, or over 10 per cent, after the […]

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International Sugar Organisation (ISO) seeks sugar import from India to check global prices

After a couple of years of surplus sugar production across the world, Jose Orive, executive director of the International Sugar Organisation (ISO), has predicted that the global market may move to a deficit in the 2019-20 season. “India is among the few global producers with a surplus and, therefore, the ISO is encouraging neighbouring countries, […]

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Narendra Tomar announces approval for market access to sesame seeds from Brazil to India

The Union Minister for Agriculture and Farmers’ Welfare, Rural Development and Panchayati Raj, Narendra Singh Tomar held a bilateral meeting with the Brazilian Minister for Agriculture, Livestock and Food Supply Ms. Tereza Cristina Correa da Costa Dias at Krishi Bhawan in New Delhi to discuss various bilateral trade opportunities, interests and issues. Union Minister Tomar […]

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Banana production in India likely to drop due to climate change: Report

Climate change across the globe is bad news for India’s agriculture sector. India, the largest producer of bananas is likely to see a drop in its production, as per reports.  Researchers, led by Dan Bebber from the University of Exeter in the UK, studied both the recent and future impact of climate change on the world’s leading banana producers and exporters.  The study shows that 27 countries accounting for […]

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India’s sugar may dominate global market from next fiscal, FY 2020-21

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India may dominate the global sugar market as prospects for next year’s cane crop have brightened due to brimming reservoirs. Bountiful monsoon rains this year have led to above average water levels in reservoirs, which will in turn boost the amount of sugar cane that’s planted, according to industry and Indian government officials. Sugar output […]

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World crude steel production declines by 1% in November 2019: Worldsteel

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World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 147.8 million tonnes in November 2019, a 1.0 per cent decrease compared to November 2018. China’s crude steel production for November 2019 was 80.3 million tonnes, an increase of 4.0 per cent compared to November 2018. India produced 8.9 […]

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Co-op sugar mills seek restructure of soft loans to factories in Maharashtra

The National Federation of Cooperative Sugar Factories (NFCSF) is seeking restructuring of the soft loans given to factories in past five years. The sugar industry is in deep financial distress and needs support, Prakash Naiknavare, managing director, NFCSF said to Financial Express. He also hinted at the possibility of the Centre raising the MSP of […]

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