Indian palm oil demand dips as food sector, households seek alternatives

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Palm oil demand in India, the world’s top edible oil importer, is set to plunge this year as coronavirus lockdowns have slashed food service sector demand, while households are opting for alternatives at the supermarket. Traders say India’s palm oil imports could plunge 20 per cent from a year ago to 7.5 million tonnes in the 2019/20 marketing […]

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Global coffee market volatility ahead on severe Covid-19 demand and supply shock – paper

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The global coffee sector will continue to be volatile due to the severe demand and supply shown because of the Covid-19 pandemic, and the effects will materialise in different places at different times, the International Coffee Organization (ICO) and the International Food Policy Research Institute (IFPRI) said in a joint paper. “Policymakers should recognize this […]

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Federation of Indian Mineral Industries seeks waiver of 15% duty on bauxite exports

As exports of non-plant grade bauxite from the country are losing traction in the international market, Federation of Indian Mineral Industries (FIMI) has sought exemption of 15 per cent duty levied on export shipments. The mineral lobby body has appealed to the Union finance ministry to exempt bauxite exports from duties. This intervention by the government will […]

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India’s sugar industry rapidly losing its sweetness; losses mount

The closure of restaurants, malls, and cinema halls has hit the offtake of sweetened products like ice cream, beverages, juices, confectionery, and sweets. The domestic sugar industry using almost 15 lakh tonnes of sugar per year finds itself locked out as Covid-19 lockdown continues to exert pressure on both demand and supply. Sugar traders estimate […]

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Philippines to dethrone Indonesia as largest global nickel ore producer

Global nickel production will drop significantly over 2020 as major producer Indonesia’s nickel ore export ban comes into effect, Fitch analysts assert in a recent report. This drop will be slightly offset by the impact of rising production growth in the Philippines where some currently suspended mines will become operational again, while the country aims to plug […]

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