India’s tea output fell by 54 per cent from a year earlier in April 2020 to 39.02 million kilograms as lockdown restrictions reduced plucking in the top producing north-eastern state of Assam, the state-run Tea Board of India said. For Assam alone, output in April 2020 plunged by 76 per cent from a year ago to 10.99 million […]
The impact of COVID-19 on the mining industry has been strained by the struggling global automotive industry, which consumes approximately 17 per cent of iron ore globally, a report from GlobalData. Light vehicle sales fell by 24 per cent in Q1 (January-March) 2020 globally, then by 47.5 per cent in April 2020 and 33.8 per […]
In partnership with its country’s business sector, the Japanese government will invest some $14.4 billion (1.5 trillion yen) in liquefied natural gas development in Mozambique, the Nikkei Asian Review reported. According to the report, the money will fund the development of a gas field in the African country to produce some 12 million tonnes of LNG […]
The natural gas industry sees no change to the strong long-run outlook for demand following the COVID-19 crisis, but expects a supply shortfall in the next four years as the pandemic lockdowns and oil price collapse lead to delays on gas projects. Gas producers, buyers, liquefied natural gas (LNG) developers and a major contractor said […]
Nearly 3.5 tonnes of mangoes — the first consignment of the fruit this season — was sent to Japan by air from Mumbai. Last season, around 40 tonnes of mangoes were exported to Japan. The consignment that was sent to Japan underwent vapour heat treatment at Maharashtra State Agriculture Marketing Board’s (MSAMB) vapour heat treatment […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.8 million tonnes (Mt) in May 2020, an 8.7% decrease compared to May 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production […]
The world’s six largest fisheries out of 10 are in Asia — India, China, Japan, Indonesia and the Philippines. Yet the region’s ocean ecosystem have been pushed to the brink of collapse, says an Asian Development Bank (ADB) report. Half of all coral reefs have disappeared, fish and marine stocks are declining and the ocean […]
As most countries have been gradually reopening from their lockdowns since mid-May, recovery of economic activities is expected in the third quarter, claims the recently released Short Range Outlook (SRO) report for 2020 and 2021 by Wordsteel. Even though all steel-using sectors are affected by the lockdown measures, the mechanical machinery and automotive sectors are […]
Metals and crude oil prices rose on the expectation of a recovery in demand following the gradual re-opening global economy and stronger manufacturing data from China, the world’s largest consumer. The price of copper for delivery in three months jumped 0.7 per cent to trade at $5,415 a tonne on the benchmark London Metal Exchange (LME) on increased demand from […]
World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 137.1 million tonnes (Mt) in April 2020, a 13.0% decrease compared to April 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production […]
