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News stories about "tons" in India.

Posted on: 05 Apr, 03:27 PM

India allows exports of essential goods to Maldives despite strained ties

India has permitted limited exports of essential commodities like sugar, wheat, rice, and onions to the Maldives, despite strained relations between Male and New Delhi due to increasing Chinese influence. The move comes amid Indian restrictions on exports to manage local prices ahead of elections. Key Points

Qatar to build new LNG project

Amid increasing demand and a halt on growth projects in the US, Qatar intends to enhance its exports of liquefied natural gas. The nation, a major competitor to the US and Australia in LNG shipping, aims to construct a new project capable of producing 16 million tons annually by the end of this decade. This initiative will elevate Qatar's annual production capacity to 142 million tons by 2030, as announced by the country's Energy Minister, Saad Al-Kaabi, on Sunday. Key Points

Gautam Adani secures ore for world’s largest single-location copper smelter in Gujarat

Gautam Adani's conglomerate has secured contracts to purchase 1.6 million tons annually of copper concentrate for its Mundra-based smelter, set to become the world's largest single-location facility for the metal. The $1.2 billion plant, with an initial capacity of 500,000 tons, is slated to commence operations next month, expanding to 1 million tons by March 2029 to meet India's projected doubling of copper demand. Key Points

India's Oct 1-Jan 15 sugar output drops 7% y/y: Industry body

Maharashtra's sugar production fell to 5.1 million tons from 6.09 million tons, while Karnataka's production dropped 12.7% to 3.1 million tons, the National Federation of Cooperative Sugar Factories said in a statement. Key Points

Billionaire Adani’s new copper foray to further tighten world’s ore supply

Billionaire Gautam Adani's copper plant in India, set to launch in March, will spike ore imports, impacting global supply. The 500,000-ton facility amplifies India's copper output by 80%, coinciding with a global ore shortage due to closures elsewhere. India's import could hit 2 million tons in 2024, straining an already tight market, driven by rapid smelting growth in China and India. The plant's potential to double capacity will fuel India's demand amid the shift to renewable energy. Key Points

China could control a third of the world’s lithium by 2025

There is a race to secure lithium playing out globally at the highest levels. Nations such as the US prioritising access to the materials vital to make batteries as the world looks away from fossil fuels. Key Points

India’s lentil imports from Canada steady despite ongoing tensions: Report

India consumes around 2.4 million metric tons of lentils annually, but local production falls short at 1.6 million tons. Key Points

India's fuel demand hits seven-month high in December

India's fuel consumption reached a seven-month high in December, reaching 20.054 million metric tons. Total consumption increased by 6.2% from 18.89 million tons in November, up 2.6% compared to the same period a year earlier. Diesel sales increased by 0.9%, while gasoline sales fell 4.5%. Sales of bitumen, fuel oil, cooking gas, and naphtha also increased. Key Points

India likely to buy more soyoil in 2024, reduce palm oil purchases, top dealer says

Sandeep Bajoria, chief executive of Sunvin Group, a vegetable oil brokerage and consultancy firm, said India's soyoil imports will rise to 4.3 million metric tons in the 2023/24 marketing year from 3.5 million tons in 2022/23. Key Points

India's 2024 wheat output seen at 105 mln tons, 6.25% below govt estimates

India will likely produce 105 million metric tons of wheat this year, lower than the government's estimate. The country, a top wheat consumer and grower, banned exports in 2022 due to a crop shortage. The government aims to bolster stocks and control prices through bumper harvests and strategic reserves management. Key Points

Sugar getting even pricier poses new threat to food inflation

Prices of refined sugar surged to the highest in more than a decade this week, while the raw variety is near to the costliest in over six years. Global supply is tightening, mainly because India, one of the top shippers, has cut exports after rains hurt the sugar cane crop and as more sweetener is diverted to biofuel. Key Points

Multibagger stock: HEG skyrocketed over 105% in a year, up 365% in 4 years; should you still buy?

HEG, a leading graphite electrode manufacturer in India, has seen a remarkable turnaround with shares surging from ₹920.70 to ₹1902, rewarding shareholders with a 107% return. From its March 2020 low of ₹409, the shares are currently trading with a gain of 365%. Key Points

India has no plans to import wheat for now: Piyush Goyal

India does not intend to import wheat as it expects a record wheat harvest of around 114 million metric tons, according to Trade Minister Piyush Goyal. Despite earlier restrictions on wheat exports, India has sold approximately 6 million metric tons of wheat to local buyers since June 1, with state warehouses likely to maintain inventories above the 7.46 million metric tons target when the new marketing year begins on April 1. Key Points

Ancient whale in the Peruvian desert likely to be heaviest animal ever

Each vertebra weighs over 220 pounds (100 kilograms) and its ribs measure nearly 5 feet (1.4 meters) long. | World News Key Points

Hindustan Times

'India's edible oil imports likely to fall 6% in 2023-24'

India's vegetable oil imports are expected to decrease by 6% in the new marketing year, starting in November, due to higher carryover stocks of oilseeds. The country, which is the largest importer of vegetable oils globally, is projected to purchase 15.6 million metric tons of cooking oils in the 2023-24 oil year, down from 16.6 million metric tons in the current year. Key Points

India permits white rice exports to Singapore, Bhutan, Mauritius

India has allowed the export of non-basmati white rice to Bhutan, Mauritius, and Singapore. The Directorate General of Foreign Trade has allocated export quotas for these countries, with 79,000 metric tons to Bhutan, 50,000 tons to Singapore, and 14,000 tons to Mauritius. Key Points

India braces for 8% sugar output dip as cane crop suffers- trade body

India's sugar production is likely to fall 8% to 33.7 million metric tons in the 2023/24 marketing year, which starts on Oct. 1, a leading trade body said on Tuesday, as lower rainfall in key producing states could dent yields. Key Points

Russia surpasses UAE as India's top naphtha supplier amid discounts

Russia has surpassed the United Arab Emirates as India's top supplier of naphtha, a key petrochemical feedstock, due to discounted Russian oil products and shifts in trade flows following Russia's invasion of Ukraine. India has traditionally relied on the UAE for naphtha imports, but this year, it has turned to Russia due to lower costs and the high price of natural gas, an alternative feedstock. Key Points

Thailand says its rice exports benefiting from India's export ban, no plan to halt shipments

According to an official, Thailand—world's second-largest rice exporter after India—is expected to export over 8 million metric tons of rice this year, up from 7.71 million last year. Key Points

India sugar crop woes create opportunity for Al Khaleej refinery

Dubai's Al Khaleej Sugar is aiming to increase production at its sugar refinery this year, targeting up to 1.5 million tons. The refinery operated at 40% of capacity last year, producing around 600,000 metric tons. The increase is attributed to competition from India being curtailed due to bad weather in the country. Al Ghurair mentioned that the white sugar market needs to be tighter to operate at full capacity Key Points

China was top finished steel exporter to India in April-Sept: Govt Data

Provisional data as provided by the Government of India showed that China emerged as the top exporter of finished steel to India. India imported 2.9 million tonnes of completed steel from April to September, a 13.4% increase from the same period last year. The exported products to India include cold- rolled coil or sheets, hot-rolled coil products, plates, and pipes, among others. Key Points

India's palm oil, sunoil imports rise to record highs; soyoil drops

India's palm oil and sunflower oil imports reached record highs in 2022/23 due to a rebound in consumption and a steep discount compared to rival soyoil. The country's largest importer of vegetable oils, India, bought palm oil mainly from Indonesia, Malaysia, and Thailand, while soyoil imports fell 12% to 3.68 million tons. Key Points

Vedanta step closer to regain control over Zambia copper assets

The Zambian government placed Konkola Copper Mines Plc, 79.4% owned by Vedanta, into provisional liquidation in 2019, and has since been locked in legal battles with the company over the asset. Former President Edgar Lungu accused the company of lying about profits and expansion plans, before declaring “divorce” with Vedanta and moving to liquidate Konkola. Key Points

Russia boosts fuel exports to Senegal on shipping sector demand

Russia significantly increases fuel exports to Senegal due to rising bunker demand. Bunker fuel suppliers benefit from the Suez situation. Shipping av Key Points

India's July palm oil imports hit 7-month high as refiners boost purchases

India's palm oil imports in July jumped 59% from the previous month to 1.08 million metric tons, the highest in seven months, as refiners took advantage of lower prices to increase purchases, a trade body said on Monday. Key Points

The world’s last wave of oil refining bets all about India

India is embarking on a capacity expansion of its oil refineries to meet the country's rising thirst for fossil fuels. The building blitz aims to raise production of traditional transport fuels such as gasoline and diesel, which will increase India's refining capacity by more than 20% over the next five years. This boost comes at a time when the global refining industry is declining in the US and Europe, making India a rare exception. The slower adoption of electric vehicles in India and the country's growing transport demand will keep the appetite for gasoline and diesel higher for longer. Key Points

India's December palm oil imports jump to 4-month high

India's palm oil imports reached their highest in four months in December, driven by increased purchases of refined palmolein due to competitive prices. This could help lower palm oil stocks in Indonesia and Malaysia and support benchmark futures. The SEA reported a 2.8% rise in December palm oil imports, with refined palm oil imports soaring by 47% to 251,667 tons. Key Points

Arctic water is emitting carbon as global warming slams the region

The findings were startling: the Mackenzie River's discharge led to such intense CO2 outgassing that it shifted the balance, causing a net release of 0.13 million metric tons of CO2 per year. Key Points

European Union raises 2023-24 white sugar production, export estimates

International Business News: The European Commission has increased its estimate for white sugar production in the current season to 15.6 million metric tons, up 7% from last year. Key Points

India exempts some nations from rice curbs for food security

The worlds top exporter agreed to sell 79,000 tons of non-basmati white rice to Bhutan, 50,000 tons to Singapore and 14,000 tons to Mauritius, according to a commerce ministry notification late Wednesday. India said last month it would allow for exports of the variety if asked to meet the security needs of other countries. Key Points

Tata Steel says it won’t reach emissions goal by 2030 with current tech

Tata Steel is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the alloy produced to 1.8 tons in 2030, and achieve net zero by 2045. Key Points

Financialexpress