Vegetable prices surge ahead of mandi closure despite surge in arrivals

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Vegetables prices went up further today despite increased arrivals of key produce in the Agricultural Produce Market Committee (APMC) Vashi, as the market decided to remain closed tomorrow in order to facilitate disinfection and protect participants from coronavirus (Covid-19), reports Business Standard. Total vegetable arrivals in the mandi surged to 830 vehicles, holding about nine tonnes each, and […]

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Oil demand crawling at slowest pace since 2008 financial crisis: IEA

Mounting signs of an economic slowdown and a ratcheting up of the U.S.-China trade war have caused global oil demand to grow at its slowest pace since the financial crisis of 2008, the International Energy Agency (IEA) said. “The situation is becoming even more uncertain … global oil demand growth has been very sluggish in the first half of 2019,” the IEA […]

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Steel pains seen continuing for China, India – ratings agencies

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  Restructuring and capacity cuts in China’s beleaguered steel industry will only increase due to a slump in demand, while any meaningful improvement in India’s steel consumption will be dictated by government spending in infrastructure, ratings agencies said, raising doubts over an immediate turnaround. Moody’s Investors Service said in a report that Chinese steelmakers’ profitability […]

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