ArcelorMittal to review its Canadian and Brazilian iron assets

The Mittals-owned ArcelorMittal is evaluating a potential sale of some of its iron ore operations, as the world’s biggest steelmaker seeks to cut debt by divesting non-core businesses, reports Bloomberg. The company is reviewing its iron ore assets in Canada, Brazil and Liberia. ArcelorMittal is reported to be speaking with financial advisers about options including […]

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India’s exports of extra sugar may drag down already low global prices

India’s export of sugar is being labelled as India dumping its extra sugar on the world, threatening to further drag down prices that are already at the lowest in almost a year, reports Bloomberg. India’s government is spending Rs 6,268 crore ($873 million) to subsidise exports in an effort to cut the nation’s record stockpiles. […]

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World Soybean demand may rise 1% to 148.86 million tonnes in 2019-20: USDA

World soybean demand in 2019-20 marketing year (October-September) is projected at 148.86 million tonnes, up 1 per cent year on year, due to increased Chinese purchases, according to the latest report by the US Department of Agriculture (USDA). The world’s top soybean importer, China is expected to buy 85 million tonnes of soybeans in 2019-20, […]

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South Africa oil discovery could be a game changer

One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and condensate find that could open a new exploration province for oil majors and change the energy fortunes of South Africa. France’s major Total said last week that it had made a significant discovery on the […]

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India’s chilli traders likely to hit by plant quarantine norms

Spices Board of India has proposed to extend the plant quarantine norms to all the buying countries. Red Chilli exporters in India will be hit if the plant quarantine certification requirement is extended to all consignments after December 31. At present, the certification is required only for Chilli exports to Mexico, which detected the presence […]

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