India’s agriculture industry is in a wait-and-watch mode amid the worsening pandemic situation, as localised lockdowns have stagnated market demand, while any subsequent stricter restrictions in the coming days are expected to slow down trading activity and disrupt supply operations. Even though agriculture and allied activities are exempted from government restrictions so far, several markets […]
Sugar sales have plummeted by nearly 1 million tonnes since March 2020 after demand took a hit as Covid lockdown and subsequent extension of restrictions lowered consumption of many sweetened products including confectionery, soft drinks, chocolates, and sweetmeats among others. “Even as businesses pick up, it is unclear how quickly demand will recover with subdued sugar […]
Packaged food may not be what the doctor would order for anybody, but the demand for nutritious meals that can be bought straight out of the box is seeing a spike in India. Forced to stay at home for months, rich urban consumers are eating such packaged meals—especially traditional Indian food items—like never before. After […]
World oil markets have rebounded from the massive demand shock triggered by Covid-19, but still face a high degree of uncertainty that is testing the industry as never before, according to a new IEA report. The forecast for global oil demand has shifted lower, and demand could peak earlier than previously thought if a rising focus […]
Base metals surged higher early this week, with copper rallying above $ 9,000 a tonne on estimation that increased demand driven by the recovery from the pandemic will spur a historic deficit, putting the economic bellwether on course for a record run of monthly gains. Nickel topped $ 20,000 a tonne. Copper climbed as much […]
We live in unprecedented times. As the world’s population grows and industrialization takes hold in more corners of the world, climate change is accelerating, and, in response, humanity’s concern for our planet’s health is growing. The teenage activist Greta Thunberg put it best: “I want you to act as if the house is on fire, […]
Demand for physical gold in India has been surging as local prices have dropped to their lowest levels since June last year. Gold buying is also expected to pick up in other Asian centres after the Chinese Lunar New Year holiday week. In India, dealers were charging a premium of up to $7 an ounce over […]
Global demand for silver will rise to 1.025 billion ounces in 2021, its highest in eight years, as investors and industry ramp up purchases, the US-based Silver Institute said, predicting that prices would rise. The coronavirus outbreak triggered a rush among investors to stockpile silver, which like gold is traditionally seen as a safe place to store money. […]
Tata Steel reported a consolidated net profit of Rs 3,989 crore for October-December quarter on higher revenue and better realisation. The company had posted a net loss of Rs 1,166 crore in the year-ago quarter. Its total revenue grew 11.5 per cent year-on-year (YoY) to Rs 39,594 crore. Earnings before interest, tax, depreciation and amortisation […]
The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year. This has helped support global oil demand despite lockdowns in parts of China and many major European economies. China’s oil imports are estimated to have jumped by more than 32 […]
