India closed its grape export season of 2018-19 with a 31 per cent rise in export of the fruit to Europe, the most premium market. Exports to Russia, China and other destinations are expected to have increased by about 25 per cent to 30 per cent. Grape growers had reported a bumper crop this year […]
A large-scale deal that would have helped Tata Steel hive off its European operations now appears to be unlikely, analysts concurred after the Thyssenkrupp-Tata Steel joint venture that was in the works for a year fell apart last week. A report by foreign brokerage firm noted that Tata “will continue to explore all options including […]
India’s crude steel production fell by 1 per cent to 9.412 million tonnes uring March 2019, according to World Steel Association’s (worldsteel) report. India had produced 9.506 million tonnes crude steel during the same month a year ago, the global steel industry body said in its latest report. India produced 9.412 million tonnes crude steel […]
Agriculture prices are projected to fall 2.6 per cent this year but are estimated to rebound in 2020 due to lower crop production and higher costs for energy and fertilisers, the World Bank said in its April Commodity Markets Outlook. Agricultural and food prices are expected to remain stable over the medium term. However, sharp […]
The World Steel Association (WSA) has revised the October 2018 forecasts of country-wise steel consumption and these figures are being formally announced in April 2019 meeting. The global demand for finished steel at 1,711.6 million tonnes (MT) in 2018 is slated to reach 1,734 MT (+1.3%) and 1,750 MT in 2020. The volume growth in […]
In a 2011 report, the International Energy Agency (IEA) asked a provocative question: are we entering a golden age of gas? At the time, U.S. shale gas production was surging and new fields were coming online around the globe, encouraged by high oil prices. Gas, it seemed, was poised to “play a far more prominent role […]
With a good harvest expected this season, the country’s mango exports is expected to cross 50,000 tonnes. Last season, India exported some 40,000 tonnes. Mango exports to US have taken off in a big way with more than 1,000 tonnes expected to be exported this year, senior officials of the Maharashtra State Agriculture Marketing Board […]
The U.S. and China have started to sketch out the framework of a comprehensive trade deal, including on some of the thorniest issues that have long prevented an agreement, according to a news report from Reuters. In the first few weeks of this year, there seemed to be little progress, raising the specter of a huge […]
India’s tea production nudged 0.8 percent lower in 2018 from a year ago to 1311.63 million kg, trimming exports from the world’s biggest black tea producer by 1.1 percent, the state-run Tea Board said. India’s exports eased to 249.11 million kg from 251.89 million kg a year ago, the board said in a statement. India, […]
Gold-backed exchange-traded funds ended 2018 with new inflows globally as uncertainty about Britain’s exit from the EU drove investors to the perceived safety of European-backed ETFs, more than offsetting outflows in North America resulting from a strong U.S. dollar, says a Reuters report. Gold-backed exchange-traded funds (ETFs) worldwide registered net inflows of $3.4 billion, a […]
