The oil market saw a rather significant surplus in the first half of 2019, much larger than previously expected. Looking forward, supplies are set to tighten in the second half of the year, but that may only be a hiatus before the glut returns. Global oil supply exceeded demand by about 0.9 million barrels per […]
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 […]
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 […]
Global soybean production in 2019-20 is forecast to reach 355.4 million tonnes, a 2 per cent year-on-year decline, as US soy harvest is estimated to decline due to low prices, high carry-over, weather issues, and uncertainty over trade with China, according to the US Department of Agriculture (USDA). In 2019-20, Brazil and US will continue […]
With global harvested area for cotton projected at its highest in 7 years, and yields rebounding in major producing countries, production is expected to rise 7.0 million bales to a near-record 125.5 million 2019-20, the US Department of Agriculture (USDA) said in its latest report. U.S. production is expected to rise the most, closely followed […]
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 […]
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 […]
India’s buffalo meat exports have fallen 9 per cent as major importer China is not importing directly from India, which makes shipments go via Vietnam or the Philippines, making it costlier. The industry has complained that it has not been given the kind of incentives that other exports get, making things difficult for buffalo meat […]
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 […]
World coffee exports amounted to 10.98 million bags in March 2019, compared with 11.42 million in March 2018 down 3.8 per cent on year, according to latest data from the International Coffee Organization (ICO). Shipments of Arabicas rose by 2 per cent to 6.794 million bags. Volumes of Colombian Milds and Brazilian Naturals were up […]
