World’s top palm oil producer Indonesia projected to reach record output

Favourable weather and surging prices of palm oil are projected to drive world’s top producer Indonesia’s output and exports this year to a record 45.5 million tons during this marketing year, according to the US Food and Department of Agriculture (USFDA). “As the economy rebounds and social distancing and travel restrictions are eased, soybean and soybean meal […]

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“Asia’s bullion supplies snagged by logistics”

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Asia’s appetite for bullion is being tested by a global disruption in logistics that is still ongoing despite easing lockdowns, Padraig J Seif, partner at Precious Metals Asia, a leading Hong Kong-based bullion supplier told Indo Asian Commodities. With flights across the region far below capacities prior to Covid, air cargo rates for the precious metal have shot […]

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Indonesia halts deep-sea mining disposal of nickel for environment concerns

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Indonesia will no longer permit mining waste to be disposed in the ocean to allay concerns about the environmental impact of processing nickel used in electric vehicle (EV) batteries, a government official and a corporate mining source said. The Southeast Asian nation, the world’s biggest nickel producer, has not officially banned so-called deep sea tailings […]

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India’s sugar production up by 42% in the third quarter of FY21 (Oct-Dec): ISMA

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India’s sugar production increased by 42 per cent year-on-year during October-December period at 110.22 lakh tonnes on higher cane output and an early start of mills in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonnes […]

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