Pakistan won’t approve new coal power plants: Prime Minister Imran Khan

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Pakistan’s Prime Minister, Imran Khan, announced over the weekend that as part of a number of efforts to counteract the effects of climate change, his administration will not approve new coal-fired power generation projects. “We have already scrapped two coal power projects which were supposed to produce 2,600 megawatts of energy. [We have] replaced them with hydroelectricity,” […]

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Pakistan in talks with Tethyan Copper to resolve $5.8 billion dispute

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Pakistan is in talks with Tethyan Copper to settle a $5.8 billion dispute around the Reko Diq copper project, two senior Pakistani officials told Reuters. The World Bank’s International Centre for Settlement of Investment Disputes (ICSID) last year had ordered Pakistan to pay damages of $5.84 billion to Tethyan Copper – a joint venture between Chile’s […]

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Global cotton trade seen higher this month, says USDA

The U.S. Department of Agriculture said the November global cotton forecast shows slightly higher trade, beginning stocks, and ending stocks. “Use and production are marginally lower. Sharply lower production in Pakistan and Turkmenistan more than offset increases in Australia, China, and Uzbekistan,” it said in its latest World Agriculture Supply and Demand Estimate (WASDE) report. […]

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Global cotton supply chain continues to suffer from COVID, trade tensions and sluggish economy – ICAC

The entire world might be tired of the COVID pandemic and simply want to be done with it — but it is, sadly, far from done with the cotton industry, the International Cotton Advisory Committee (ICAC) said, pointing to the possibility of production outpacing consumption in 2020/21. According to the ICAC, production of (24.9 million […]

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Global cereal markets to remain well supplied in 2020/21, says FAO

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Global cereal markets are expected to remain adequately supplied in 2020/21 despite this month’s downward revisions to production and inventories, the Food and Agriculture Organization (FAO) said in its latest monthly report. With trade in cereals seen expanding in 2020/21, global cereal markets continue to demonstrate their resilience amidst the challenges and uncertainty caused by […]

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As India bans export of onions, Bangladesh issues over 200 import permits for 88,000 tonnes of onions

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Bangladesh importers have been eagerly waiting for onion consignments to get cleared from Chittagong port, a day after the Indian government allowed pre-contracted onions to enter the markets. According to the Chittagong Plant Quarantine Station, more than 200 import permits (IPs) were issued for 88,045 tonnes of onions from September 3 to 17. Of them, 3,320 tonnes are from the […]

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European Commission seeks public comments on India’s Basmati GI right plea

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The European Commission has sought public comments on India’s plea to register the name ‘Basmati’ under geographical indication (GI). The GI application was filed by India in 2018. Similar applications have also been filed by Agricultural & Processed Food Products Export Development Authority (Apeda) to register the aromatic rice variety under GI in Thailand and Malaysia. […]

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