India’s oilmeals export rises 6% in FY19: SEA

India’s oilmeal exports during April 2018 to March 2019 is reported at 3,205,768 tonnes, up 6% as compared to 3,026,628 tonnes during the corresponding period last year, according to latest data compiled by the Solvent Extractors’ Association of India (SEA). The export of oilmeals during March 2019, provisionally reported at 263,817 tonnes compared to 261,308 […]

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Global coffee demand continues to rise, but small farmers poorly off as prices fall – ICO

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World coffee consumption is continuing to grow at a healthy rate of 2% annually, but millions of coffee growers are selling their coffee at prices that have fallen by over 30% over the last two years, the International Coffee Organization (ICO) said. Currently, many farmers are unable to cover even their production costs. The consequences […]

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China sets antidumping measures on steel products from EU, Japan, South Korea, Indonesia; Indonesia also slaps duty on Indian steel

Indonesia and China slapped anti-dumping import duties on each other’s steel products in an escalation of a global tariff row involving one of the world’s most widely used metals. Indonesia extended anti-dumping import duties of up to 20 per cent for a number of flat-rolled iron and steel products from seven countries, including China, Russia […]

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World coffee exports up 2.6 pct year-on-year in Jan 2019 , says ICO

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World coffee exports amounted to 11.06 million bags (184,314 metric tons), in January, up 2.6% higher from January 2018, the International Coffee Organization (ICO) said in a report, adding that shipments of Brazilian Naturals, Colombian Milds and Robusta rose by 12.8% to 3.51 million bags, 14.5% to 1.31 million bags and 3.2% to 4.43 million […]

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Global cotton consumption growth projected to slow to 0.04% in 2018/19

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Global cotton consumption is projected to post its third straight year of growth — but just barely, with an expected increase of only 0.04%, the International Cotton Advisory Committee (ICAC) said in its latest forecast. Many of the top consuming countries are undergoing a slowing in consumption growth, including: East Asia — 6%, down from […]

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China’s HBIS agrees to buy 70% of Tata’s Southeast Asian steel projects

Chinese steelmaker HBIS Group agreed to buy 70 per cent of Indian conglomerate Tata Steel’s projects in Southeast Asian countries on Monday, which is considered a “smart move” by experts, according to the Chinese news agency Xinhua. HBIS, the world’s third-largest steelmaker by output, will take over Tata Steel’s projects in Singapore, Thailand, Vietnam and […]

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Southeast Asia’s energy demands will require $2.7 trillion investment: IEA

As Southeast Asia continues to urbanize at a breakneck speed, the developing region is projected to see a massive growth in energy demand over the next 20 years. Expected to increase by a whopping two thirds by the year 2040, Southeast Asia’s energy demand will require enormous investment and infrastructure in the energy generation and transmission […]

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