USDA raises world Wheat supply forecast by 800,000 tonnes
Despite a reduction in Australian production, world wheat supplies for 2018-19 have increased by 800,000 tonnes, according to the latest US Department of …
India rejects US warning that it has violated cotton MPS scheme
India has expelled a counter warning issued by the US claiming that New Delhi’s Market Price Support (MPS) for cotton has broken the allowed levels of …
Can Egypt become Europe’s next big energy hub?
Egypt’s oil and gas future has been looking bleak for years, as the impact of the Arab Spring, the emergence of a Muslim Brotherhood government and a …
EU imposes definitive anti-dumping duties on Chinese corrosion resistant steel
The European Union (EU) Commission has imposed ‘definitive’ anti-dumping duties on corrosion resistant steel from China until 2022. A probe had already led …
Love for olive oil at a high; global stocks tighten despite higher output
Global olive oil production in 2017/18 is forecast to rise to 2.7 million tons, recovering slightly from last year, but tightening stocks on rising demand has …
Global almonds output seen up 6 percent in 2017/18; India’s imports forecast to rise 9 percent
Global almond production for 2017/18 is forecast 6 percent higher to a record 1.3 million metric tons (tons) shelled basis on record output in the United …
USDA forecasts global oilseeds production in 2017/18 higher at record 577 million tonnes
Global oilseed production is forecast higher this month to a record 577 million tons, the U.S. Agriculture Department (USDA) said in its latest supply and …
European Union, China fail to agree on steel, trade dumping at summit
The 19th EU-China Summit ended without a joint statement due to an ongoing row about China’s status before the World Trade Organization (WTO). China has …
IMO sulphur reduction deadline to hit the world of commodities
The global shipping industry is dreading a regulatory decision that while reducing maritime pollution, will nearly double fuel costs in a sector already …
OPEC net oil revenues in 2016 were the lowest since 2004, says EIA
Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004, …