De Beers slashes diamond production forecast amid market collapse


De Beers, the world’s largest diamond miner by value, cut 2020 production guidance by a fifth on Thursday, as the coronavirus pandemic has brought the global supply chain to a halt, affecting demand. The Anglo American unit said it expected to produce between 25 and 27 million carats this year, down from a previous forecast of 32 to […]

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EIA forecasts US coal production to drop 2.7 per cent on year in 2019

The US Energy Information Administration (EIA) forecast coal production totaling 688 million tonnes in 2019, down 2.7 per cent from the year-ago production, the EIA’s Short-Term Energy Outlook reported. August ’s forecast  for 2019 output was up 0.6 per cent from July’s forecast , and the first  increase in four months. The 2020 projection increased, […]

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World cereal production to increase in 2019, but stocks to still decline slightly in 2019/20, says FAO


Early prospects point to a likely rebound of 2.7 percent in global cereal production in 2019, following a decline registered in 2018, the U.N. food agency said in its latest report. “Based on the conditions of crops already in the ground and on planting intentions for those still to be sown, and assuming normal weather […]

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World cereal markets remain well balanced in 2018/19, says FAO


Current world cereal production estimate for 2018, incorporating Chinese historical production revisions, stands at 2 655 million tonnes (including rice in milled terms), the U.N. food agency said in its latest monthly report. Although this figure is 46 million tonnes higher than the previous month’s estimate, world cereal production is still down 1.8 percent (48.8 […]

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Poor weather in key regions pushes IGC to reduce world wheat crop forecast to 5-year low


Global wheat production is likely to fall to a five-year low following significant downgrade to crop prospects in the European Union and Russia, the International Grains Council (IGC) said in its latest report. The inter-governmental body cut its forecast for world wheat production in 2018/19 by 16 million tonnes to 721 million tonnes, the lowest […]

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Slight decrease forecast for Australian winter crop production, says ABARES

Winter crop production is forecast to fall in 2018–19 to 38 million tonnes, with canola and chickpeas forecast to decrease, while wheat and barley production is forecast to increase, the Australian agriculture department (ABARES) said in its latest forecast. ABARES Executive Director, Dr Steve Hatfield-Dodds, said the latest Australian crop report provided a mixed outlook for Australia’s […]

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Higher maize crop pushes up month-on-month world total grains output forecast — IGC


A higher maize crop, mostly in the United States, is mainly responsible for a 6 million tonnes month-on-month increase in the forecast for world total grains production in 2017/18, the International Grains Council (IGC) said in in its latest monthly report. It forecast total wheat and coarse grains production the 2017/18 at 2,075 million tonnes, […]

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