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Australia’s winter crop to rise, summer production expected to decline Australia’s total winter crop production is estimated to increase in 2015–16, but summer crop production is expected to decline, according to the latest Australian Crop Report by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). ABARES Executive Director, Karen Schn…

EU opens probe into China steel dumping, imposes duties on cold-rolled steel from China and Russia The European Union, under pressure from steel makers, has launched three anti-dumping probes to determine whether imports of three steel products China have been dumped on the EU market. It has also imposed provisional anti-dumping duties on cold-rolled steel from China and Russia. This follows othe…

China’s steel industry says needs market exit mechanism to cut overcapacity A market exit mechanism must be put in place as the steel industry strives to cut excess capacity, China Iron and Steel Association has said. “Though some enterprises have either cut or stopped production, the absence of an exit mechanism has prevented them from withdrawing from the market completel…

Dairy Australia lowers milk production forecast A combination of tighter margins and dry climatic conditions is likely to impact Australia’s milk production in 2015-16, Dairy Australia said, adding it was lowering its forecast by up to two percent. It said milk production was estimated to be between 9.55 and 9.65 n=billion litres. According to Da…

Small farm holding poses big challenges for Indian agriculture – minister New technologies that would help India’s teeming small and marginal farmers are needed to free rural households from poverty, as shrinking farm holdings that are expected to rise substantially by 2030 are creating very different challenges for the country’s beleaguered sector, the agriculture minist…

Daily Masala Here is what others are talking about this morning: Asian shares slide as bank fears add to global gloom Asian shares slid on Friday as mounting concerns about the health of European banks further threatened a global economic outlook already under strain from falling oil prices and slowdown in China…

India for big push to ethanol blending of petrol – minister India is committed to time-bound ex*****on of initiatives towards the introduction of ethanol-based petrol and bio diesel in the country, the petroleum minister said. According to a government statement, Dharmendra Pradhan told a seminar that national oil companies had already invited bids for 120 c…

Central banks, China, India pushed gold demand in 2015, trend to continue Gold demand rebounded in the second half of 2015 on sustained buying from central banks and a strong pull in China and India, but the annual demand was virtually flat at 4,212 tonnes with China continuing to be the top buyer, the World Gold Council (WGC) said in its latest demand trends report. “Thi…

Outlook on Europe’s steel sector turns negative as sinking prices eat profits – Moody’s Moody’s Investors Service said it has changed its outlook for the European steel sector to negative, as the sharp fall in steel prices weighs heavily on profitability such that it will take at least 18 months to return to levels close to those of 2014. However, Russian steelmakers’ lower costs suppo…

Value of U.S. metal mine production drops 15% | MINING.com The United States earned less from its mines in 2015 and is became more reliant on outside sources for critical metals, according to a new report from the U.S. Geological Survey (USGS).

A Record Number of Investors Are Piling Into Oil Money managers may not agree where oil prices are headed, but they are increasingly eager to place their bets.

Low NAFTA Steel Shipments Contributes to ArcelorMittal Losses - Steel Market Update ArcelorMittal reports a net loss of .9 billion for 2015.