Iron ore started 2021 in much the same fashion as most of last year, moving higher and adding to a rally that saw the spot price surge 75% in 2020. But while the steel-making ingredient is continuing its stellar run, the fundamentals may slowly be starting to turn against further gains, with easing prices seeming […]
Brisk demand from China and tight supplies has propelled a 50% rise in US soybean prices since mid-August, according to the United States Department of Agriculture (USDA). After falling back a tad from late-November highs, prices in December continued to rise. Cash prices pushed past $13/bushel in early January in tandem with futures prices that rose […]
Prices of edible oil have risen by 40-50 per cent across the country in the/ last five months and 15 per cent in the past one month. Prices are expected to remain on the higher side until March, edible oil industry experts feel. Atul Chaturvedi, president, Solvent Extractors Association of India (SEA), said the association […]
India’s sugar production increased by 42 per cent year-on-year during October-December period at 110.22 lakh tonnes on higher cane output and an early start of mills in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonnes […]
The total volume of iron ore dispatched to global destinations from Australia and Brazil was 29.7 million tonnes in December, the highest since June 2019, according to a survey from Mysteel. Iron ore shipments from ten Australian ports bound for global destinations hit 21.7 million tonnes, and the tonnage shipped from Brazil’s nine ports to reach […]
Iron ore prices are soaring. Prices have reached approximately $160 per tonne by the middle of December. This level was last recorded in early 2013. Demand growth, particularly in China, is driving the increase in the cost of the raw material. The dispute between the authorities in China and Australia is curtailing trade of various […]
Union Food Minister Piyush Goyal has said the government cannot reduce the minimum price at which sugar mills have to purchase sugarcane from farmers and urged the industry to expand product portfolio as well as remain profitable rather than depend on central subsidies. Sugarcane is bought by sugar mills at a Fair and Remunerative Price (FRP), which is also the minimum selling price fixed […]
Sugar prices have tumbled, on signs of sluggish year-end demand due to a pandemic that’s restricting festivities for 2020. The seven-week low after a seven-month-long rally may present a sweet buying opportunity. Sugar has two main demand sources: as food and as biofuel. The first may see staggered growth until the rage in infections, hospitalizations […]
Prices of iron ore and steel generally rise in tandem. Contributing to strong iron ore prices are Vale’s delayed recovery in iron ore production and solid Chinese demand. Traders believe steel prices across the world should continue climbing through the first half of the next calendar year. On Dec 3, the price of Australian iron […]
Your morning cup of cheer coffee could become pricier, as the world coffee production during the current crop year 2019/20 will decrease by 1.6% to 168.55 million bags, says the International Coffee Organization (ICO). The decline will come largely on the back of 5.1% drop in Arabica output, offsetting a 3.2% increase in robusta production. […]
