Global coffee consumption may exceed production in 2019–20: ICO

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Global coffee consumption will exceed production in the 2019 to 2020 coffee year, creating a global deficit of about 502,000 bags, the International Coffee Organization (ICO). “Despite a slowdown in growth, consumption is predicted to overtake production during the course of the year,” the report said. World production in coffee year 2019/20 is projected to […]

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High production, decline in exports may affect cotton prices: Ind-Ra

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High cotton production due to greater-than-average rainfall in the country and increased sowing by farmers may adversely impact prices. As per Cotton Corporation of India (CCI) estimates, cotton production is likely to increase 13.6 per cent to 35.5 million bales (170kg) for the October 2019-to-September 2020 season. Area under cotton cultivation has increased by 6 […]

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Global 2019/20 coffee production seen slightly down due to fall in Arabica output

World production in coffee year 2019/20 is projected to fall by 0.9% to 167.4 million bags, according to the International Coffee Organization (ICO), While Robusta output is projected to rise by 1.5% to 71.72 million bags, Arabica output is anticipated to decrease 2.7% to 95.68 million bags, it said in a statement, adding that the […]

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Indian mills cut steel inventory amid declining production of finished product

India’s mills are working to reduce their steel inventories as domestic production of finished steel fell for a third-straight month in August amid poor demand. Production in August amounted to 8.39 million tonnes, while consumption fell to 8.23 million tonnes from 8.85 million tonnes in July, data released by the Joint Plant Committee showed. “Every […]

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US-China trade war gives India hopes to tap $1-billion of jewellery export opportunity to US

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India’s gems and jewellery sector hopes to tap a $1-billion export opportunity arising out of the ongoing trade war between the United States (US) and China, reports Business Standard. The opportunity came India’s way after the US levied a 10 per cent import duty on import of gems and jewellery from China, taking the tariff to 20.5 per cent. […]

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India’s oilmeal exports drop 73% in August 2019; Malaysia end-Aug palm oil stocks fall to 2.25 million tonnes

India’s exports of oilmeals fell by 73 per cent in August 2019 at 98,871 tonnes on account of higher domestic prices of soyabean meal, according to data compiled by the Solvent Extractors’ Association of India (SEA). Export of oilmeals during August 2018 stood at 359,752 tonnes. The overall export of oilmeals during April-August 2019 declined […]

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