Pandemic tears through India’s agriculture commodity demand; exports show resilience

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 […]

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Concerned over dip in sugar sales, industry bodies ask for government relief

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 […]

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Oil markets face uncertain future after rebound from historic Covid-19 shock, says IEA

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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 […]

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COMMENT – Silver’s clean energy future

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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, […]

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Silver price will outshine gold as demand hits 8-year high in 2021: Silver Institute

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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. […]

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Tata Steel swings into black, posting almost Rs 4,000 crore profits in December quarter

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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 […]

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