Indian cashew crop during 2020-21 will be shorter by approximately 50,000 tonnes due to a variety factors including the Covid-19 pandemic, according to an estimate by the International Nut and Dried Fruit Council (INC). India is the biggest consumer of cashew kernels in the world and the second-largest producer of raw cashews after Ivory Coast. […]
Domestic sales of steel have picked up, thanks to demand from the rural India, with the restart of industrial activities after India started exiting an extended lockdown to contain the Covid-19. Private sector steel companies, Tata Steel, JSW Steel and Jindal Steel & Power (JSPL), have seen an increase in domestic sales in June over May. For Tata Steel, […]
Global pepper demand has surged in the last two months with millions of people confined to their homes due to the pandemic. It is being believed that the experimenting home chefs across the world seem to have to consumed more than usual pepper to offset the consumption shortfall from restaurants and institutions. Pepper traders are […]
Global rice production for 2020-21 is forecast marginally higher this month on a larger crop in Brazil offsetting a smaller crop in Vietnam, the U.S. Department of Agriculture said in its latest monthly report. Global trade is slightly reduced on lower imports for Brazil. Exports are down slightly primarily on reductions for Vietnam For the […]
As most countries have been gradually reopening from their lockdowns since mid-May, recovery of economic activities is expected in the third quarter, claims the recently released Short Range Outlook (SRO) report for 2020 and 2021 by Wordsteel. Even though all steel-using sectors are affected by the lockdown measures, the mechanical machinery and automotive sectors are […]
The availability of smuggled Vietnam pepper from Myanmar and Nepal has curtailed the demand in Jharkhand and Bihar markets, HinduBusinessline reports. Traders are slow in procuring from the domestic market, as they can source the imported stuff at lower prices with hardly any GST in cash and carry mode. Vietnam pepper is priced at Rs.150 a […]
The global coffee sector will continue to be volatile due to the severe demand and supply shown because of the Covid-19 pandemic, and the effects will materialise in different places at different times, the International Coffee Organization (ICO) and the International Food Policy Research Institute (IFPRI) said in a joint paper. “Policymakers should recognize this […]
Asian steel market participants have seen another week pass without signs of light at the end of the tunnel in containing the coronavirus pandemic as countries across the region extend lockdown measures, with the exception of Vietnam. China, which has provided some relief to the supply glut by importing steel recently, has started to show […]
Corn prices in India have dropped due to lower demand after the country implemented a 21-day lockdown until April 14, putting all its non-essential services at halt in order to contain the spread of COVID-19. The Telangana government has announced that they will buy all the corn produced in the state at the minimum support […]
Global pepper market is witnessing a grim scenario with no demand seen in the past two weeks as the coronavirus outbreak impacts its prices in Europe and the US. As it is the demand has fallen by 6-8 per cent in 2020. This could fall further with COVID-19 as it spreads to key markets of […]
