Gold Teak Holding, a Singaporean company with operations in Myanmar and Italy, gave a flawless display of hubris last week when it posted a photo on its LinkedIn profile showing a container of timber with the caption “An other [sic] cargo carried out despite COVID-19 and #Myanmarcoup”, the Environmental Investigation Agency (EIA) reported. The LinkedIn post photo available […]
Going by the 4.8 per cent increase in global steel production in January 2021, it would appear that the demand for steel is increasing all over, indicating a recovery in economy. The COVID 19 pandemic broke the back of many industries globally, large or small, apart from taking away the lives of more than 2.5 […]
Global wheat production in 2021 is likely to increase and hit a new record of 780 million tonnes, according to FAO’s preliminary forecast, as expectations of a rebound in production in the European Union more than offset weather-impacted production prospects for output in the Russian Federation. Maize production in South Africa is expected to reach […]
After a tough exports season last year, mango growers in India are looking at higher exports this year, and targeting newer markets. Malaysia and Argentina have emerged as the new markets for the Indian mango this season with exports to the Middle East expected to commence next month onwards, senior officials of the Maharashtra State […]
The World Trade Organization has delayed until at least the second half of 2021 its ruling on metal tariffs imposed by the United States, giving President Joe Biden more time if he wishes to settle the disputes. The WTO panel handling challenges brought by China, the European Union, India, Norway, Russia, Switzerland and Turkey had […]
Global issuance of green, social and sustainability bonds – or sustainable bonds – will hit a record of $650 billion in 2021, a 32% increase over the $491 billion issued in 2020, according to Moody’s Investors Service. Still, the growth would be a moderation over the 52% growth achieved between 2019 and 2020, when sustainable bond […]
Bucking the global trend, China and Russia produced more steel in 2020 than in 2019. Among the top five nations, production declined in India, Japan and the United States by up to 17.2 per cent. Global crude steel production reached 1,864.0 million tonnes for the year 2020, down by 0.9 per cent compared to 2019. […]
The Maharashtra State Agriculture Marketing Board (MSAMB) has called for a coordination meeting of various stakeholders including processors, exporters, suppliers, farmers to chalk out an action plan to encourage exports of raisin and jaggery from the state. The government of Maharashtra is planning to give an extra push to raisin and jaggery exports from the […]
Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire. The deal means it has swerved away from a chaotic finale to a tortuous divorce that has shaken […]
China’s stainless steel production is expected to rise by 2.1% this year to more than 30 million tonnes amid robust demand for the corrosion-resistant metal. Apparent stainless steel consumption in China, the biggest market, is set to rise by 6.4% to 25.5 million tonnes this year, according to the Stainless Steel Council of China Special […]
