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 […]
In July 2020, world coffee exports fell by 11% to 10.61 million bags compared to July 2019, the International Coffee Organization (ICO) said, adding that shipments of Arabica fell by 7.6% to 6.65 million bags, and Robusta exports decreased by 16.1% to 3.96 million bags. “Other Milds recorded the largest decrease in July, falling by […]
Despite a purported trade war, U.S. crude oil exports to China grew by 139 per cent on the year in July 2020 thanks to bargain hunting among Chinese buyers, making the U.S. the fifth-largest supplier of oil to the critical Chinese market. Reuters reports that the United States exported a daily average of over 866,000 […]
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 […]
With Brazil struggling with one of the worst Covid flu outbreaks in the world, the possibility of a recovery in iron ore exports could be prolonged and be a multi-year event, according to Australian mining and metals major BHP. The seaborne supply conditions for this year and the next are “highly uncertain” since the collapse […]
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 […]
Global coffee production in coffee year 2019/20 is estimated at 168.01 million bags, a decrease of 2.9% from 2018/19, the International Coffee Organization (ICO) said in its latest monthly report seen on Friday. Arabica output is estimated to fall by 5.4% to 95.37 million bags, due to a decline in production in seven of the […]
The ICO composite indicator decreased by 5.2% to an average of 99.05 US cents/lb in June 2020, which is the third consecutive month of decrease, the International Coffee Orgnization said. It said prices for all Arabica groups trended downward in June 2020, but the Robusta group indicator rose by 0.1% to 64.62 US cents/lb. The […]
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 […]
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 […]
