India plans to use an emergency law next month to force power plants that run on imported coal to maximise output, two government sources told Reuters on Monday, in preparation for expected record consumption this summer. Many Indian coal-fired plants, including those those owned by Adani Power...
In anticipation of yet another high-demand season for electricity during April-June, the central government and state-run Coal India Ltd are considering revising the price of coal for the power sector and other industries that consume the fossil fuel. Two people aware of the development said...
https://www.hellenicshippingnews.com/govt-cil-consider-coal-price-revision/
The U.S. Department of Agriculture (USDA) said on Thursday the agency sees Russia’s official wheat crop estimate as “not feasible”. Mark Jekanowski, Chairman of the USDA’s World Agricultural Outlook Board, told the Argus Media’s Paris Grain Conference the agency’s analysis of weather and previous...
Non-commercial market participants extended their net short position in Euronext’s milling wheat futures and options in the week to Jan. 20, data published by Euronext showed. Non-commercial participants, which include investment funds and financial institutions, increased their net short position...
Glencore is proud to be part of the world’s first battery passport proof of concept launched by the Global Battery Alliance. We spearheaded the first pilot passport leveraging the ReSource platform in collaboration with Glencore’s Kamoto Copper Company SA, LG Energy Solution and Tesla. As the world...
Chicago soybean and corn futures firmed on Friday, while wheat ticked lower, but all three were poised for weekly gains as strong global demand for agricultural products supported prices. Strong export sales and positive influence from outside market helped support agricultural prices, commodities...
https://www.hellenicshippingnews.com/soybeans-corn-wheat-set-for-weekly-gains-on-strong-demand/
Copper prices edged higher in tepid trade during a week-long holiday in China, having rallied more than 10% so far this month, as the prospects of an economic and demand recovery in the world’s biggest metals consumer lifted sentiment. Three-month copper on the London Metal Exchange CMCU3 was...
https://www.hellenicshippingnews.com/copper-edges-higher-as-china-recovery-hopes-lift-sentiment/
Ukraine’s corn and wheat production is set to fall for a second year in 2023, with corn output not expected to exceed 18 million tonnes and wheat production 16 million tonnes as farmers reduce planting due to the war, a grain sector group said on Thursday. The projections were a best case scenario,...
The Food Corporation of India (FCI) will offload 3 million mt wheat from government inventories to rein in rising domestic prices, a release from the food ministry said on Jan. 25. Domestic wheat prices had risen over 35% to Rupee 31,500/mt ($386.40/mt) due to continued tight supply over the past...
Soybean sales from Argentina’s 2021/2022 harvest covered 80.6% of the 44 million tonne harvest as of last week, below the 82.6% sold from the previous season at the same time, data from its agricultural ministry showed Wednesday. Between Jan. 12-18, producers sold 42,000 tonnes of soy, one of the...
https://www.hellenicshippingnews.com/argentina-soy-sales-lag-previous-year-at-80-6-of-harvest/