World coffee prices rise for fourth straight month on vaccine hopes

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If upbeat markets for coffee are any indicator, then the global economy should be out of the clutches of COVID pandemic soon. The world’s favourite cup of cheer until February-end rose for the fourth straight month, according to an index of the International Coffee Organization ((ICO). Prices are rising not just because of tightening supplies and […]

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Duty cuts on steel could bring down domestic steel prices by 10%: ICRA

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The Indian government’s proposal to reduce import duty on steel products in Budget 2021-22 would make their imports more competitive and in turn exert near-term pricing pressures on domestic steelmakers, rating agency ICRA said. In its report on implications of duty changes on the steel industry, the agency, however, said that domestic steel demand may […]

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India may not feel the pinch of high global food inflation

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Despite concerns about rising global inflation, India’s inflation rate is likely to remain range-bound to moderate in coming months as domestic food prices are likely to come down, economists said. However, the inflation level may remain above an optimal comfort level of around 4%. The Reserve Bank of India had recently revised its projection for Consumer […]

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