Australia to harvest record amount of wheat in 2020/2021 season

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Australian farmers will harvest a record amount of wheat during the 2020/21 season, the country’s chief commodity forecaster said, after heavy rains in the country’s key producing regions boosted yields. With harvesting nearly complete, output will total a record 33.34 million tonnes in the season ending in July 2021, the Australian Bureau of Agricultural and […]

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Global gold output to rise 5.5% in 2021 – report

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After declining in 2019, global gold production was adversely affected by the covid-19 pandemic during 2020, while the suspension of expansion works and contractions from mines nearing closure also exacerbated the decline. Overall output in 2020 was estimated to have declined by 5.2% to 108 million ounces, according to UK-based analytics company GlobalData. This year, however, […]

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India, Japan, Australia planning to widen the ambit of proposed supply-chain pact to mitigate China’s growing influence

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To counter China’s dominance in world trade, India, Japan and Australia are planning to increase the scope of their proposed supply-chain partnership to include more like-minded countries in the Indo-Pacific region. In September this year, trade ministers of India, Japan and Australia had decided to launch an initiative later this year to achieve supply-chain efficiency […]

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Asian countries face policy uncertainty, resource nationalism in mining: Fitch report

Rising geopolitical tensions and pressures to the global economy will continue to evoke volatility in commodity markets, heightening risks to metal demand and prices, Fitch Solutions’ newest report on key Asia mining themes finds. The Asian mining landscape will continue to benefit from the availability of high-grade resources and low labour costs, although key countries will […]

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