Commodities
Colombian Emerald Exports to Rebound on India Demand
BusinessWeek Colombia, producer of the world’s largest emeralds, expects to boost export sales by about half this year as buyers in India spur a recovery in demand. Exports of the gems mined mainly in the mountains of central Colombia will rise to about $120 million this year, from $80 million in 2009, Oscar Baquero, president [...]
If copper is the new gold, Chile is the Saudi Arabia of copper
Incidents of theft of copper cable in the UK are on the rise as the world prepares itself for a shortage of the very useful metal. The expansion of infrastructure in developing companies like China, India, Brazil and Russia means that, all in all, it’s just another BRIc in the wall. Copper (periodic ticker number [...]
India’s Interest in Latin America/South America must go beyond World Cup: Not just football superpowers, agriculture superpowers as well
Note: an abbreviated version of this article titled “India’s Interest in Latin America must go beyond World Cup” was syndicated by Indo-Asian News Wire Service. A few portals that ran the article include: SIFY, TradeIndia, IndiaNewsPost, ThaIndian, SouthAsiaMail, ProKerala, Gulf Times, Qatar and the Ministry of Overseas Indian Affairs. Over the next few weeks, millions [...]
Indian Mills Sign Sugar Import Deals
WSJ.com Mills in northern India have struck deals in the past 10 days to import 80,000-100,000 metric tons of raw sugar, industry officials said Wednesday. The raw sugar is being imported mostly from Brazil at $300-$330/ton, free on board. The shipments are expected to arrive in the June-July period. Indian mills are importing sugar to [...]
China, electric cars to drive copper prices
Reuters Asian urbanization coupled with the electrification of the auto industry should be a boon for copper prices and a huge benefit for copper mining countries such as top producer Chile, mining financier Robert Friedland said on Thursday. Speaking at the CRU/CESCO copper conference in the Chilean capital of Santiago, Friedland said massive Chinese demand [...]
India May Allow Duty-Free Imports of Raw Sugar
Bloomberg.com: Asia India, the world’s biggest consumer of sugar, may allow mills to import the raw sweetener duty free in two weeks to ease a local shortage and prevent an increase in domestic prices before elections next year. The government plans to allow refiners to buy sugar from overseas for processing and sale in the [...]
India may import raw sugar in 2009
The Economic Times India will produce less sugar than it would consume this year. Normally this should be enough to make the bulls snort in anticipation of profits. But not this time. The red rags are too many. The crunch will come between April and September 2009. By April domestic production will grind to a [...]
Argentina stimulates ethanol use in fuel
Before coming to Argentina, I did not even know they produced sugar. Brazil is LatAm’s powerhouse in sugar. Two weeks ago I was in Tucuman, Northern Argentina (Amazingly, Sikhs immigrated to NW Argentina, in the 1910s) – the center for sugar production. I smelled the odor of processed sugarcane while driving down the highway from [...]
Indian Government changes customs duty on steel, soyoil
The Economic Times In wake of the recent fall in international prices of commodities and with a view to safeguard interests of domestic producers, the Indian government has announced certain changes in customs duty rates effective from Nov 18. The government has withdrawn full exemption of customs duty on few industrial and agricultural commodities. Iron [...]
Rising demand makes India a sugar importer
Commodities-Markets-The Economic Times Sugar consumption [in India] has increased by two million tonnes in the past two years, pushing up the annual domestic consumption to about 23 mn tonnes from only 19 mn tonnes in 2005-06. Consumption is growing by over 4% annually, but the government prefers to keep tightlipped about it and pegs the [...]
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