Indian cashew crop during FY21 projected to fall short by 50,000 tonnes: INC

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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. […]

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India’s rural markets lead recovery in steel; domestic sales pick up

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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, […]

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Worldsteel predicts lower productivity and an extended production cycle for different geographies

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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 […]

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Global coffee market volatility ahead on severe Covid-19 demand and supply shock – paper

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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 […]

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Asian steel trade still languishing

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 […]

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