Global pepper output to tank for first time after several years: Nedspice Report

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Netherlands-based Nedspice estimates global pepper production to decline this season by 74,000 tonnes for the first time after several years, mainly driven by unfavourable weather in Vietnam, reports Financial Express. However, the mismatch between global supply and demand of the spice will continue to put pressure on the price with supply seen higher by almost […]

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India’s steel consumption growth waning as downstream demand tanks

India’s steel consumption growth is likely to slow down for its financial year-ending March 31, 2020, as its domestic downstream industries face weaker demand for their end-products. Steel consumption for April-July amounted to 33.706 million tonnes, about 6.6 per cent higher than the 31.607 million tonnes recorded a year ago, data from state-run Joint Plant […]

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India’s GDP may grow at 7.3% in FY20: Ind-Ra

India Ratings and Research (Ind-Ra) has revised India’s gross domestic product (GDP) growth estimate for fiscal 2019-20 to 7.3 per cent from 7.5 per cent earlier. The predicted lower-than-normal monsoon, the continued agrarian distress and the loss of momentum in the industrial output growth are being cited as the key reasons for the downward revision. […]

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