Global coffee prices rise 7.1% in June: ICO; India’s coffee exports decline 6% in June quarter

The International Coffee Organisation (ICO) in its coffee market report, said that the composite price of coffee averaged US $99.97 cents/lb (0.45kg) in June 2019, 7.1 per cent higher than in May 2019. According to the report, that was the first increase in the monthly average since January 2019, when prices rose by 0.9 per […]

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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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Lower production, rising domestic consumption hit India’s coffee exports; global shipments up – ICO

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India’s coffee shipments fell by 10.7% to 598,240 bags in April 2019, while its exports in the first seven months decreased by 9.9% to 3.55 million bags, according to the International Coffee Organization (ICO). The latest ICO monthly report said that lower production coupled with rising domestic consumption has led to a decrease in coffee […]

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India to surpass China as world’s largest cotton producer: USDA

India will surpass China to become the world’s largest cotton producer in 2019-20 season, according to latest estimates from the US Department of Agriculture (USDA). India’s cotton production during the season is forecast to increase by 3-million-bales to 28.5 million bales, while China is likely to produce 27.75 million bales. One bale is equivalent to […]

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