11/13/2010 08:00:00 PM
Your Advisor
Ukraine raised coal production approximately 3.6% from a year earlier in Jan to Oct to 61.93 million tonnes as per local reports. Of that, the country turned out 19.89 million tonnes of coking coal in the first ten months, falling 7.8% year on year, while thermal coal production rose 10.1% to 42.033 million tonnes.Coal production in Ukraine rose 7% in 2009 compared with 2008 to 72.22 million tonnes, including 25.49 million tonnes of coking coal, down 4.3%, and 46.73 million tonnes of thermal coal down by 8.4%.
Irans fossil-fuel subsidy was higher than any other country in 2009 at $66 billion, the International Energy Agency said Tuesday, creating strain on the countrys economy and inefficiencies in its energy sector. In its World Energy Outlook report, the IEA recognized Irans recent efforts to address the problems created by the subsidies, but noted many challenges remain before changes are implemented. "The chronic under-pricing of domestic energy in Iran represents a large subsidy that burdens the economy and contributes to deep inefficiencies in the energy sector," the agency said.
The market responded to the Global Pepper Conference in Kochi, India positively. Prices have increased in domestic as well as in the international markets.In India, activity has increased and futures prices at the Commodity Exchange moved up by around 1-3%.In Daklak, Vietnam, pepper prices for raw material stood at VND 85,000 per kg during the week, recording a significant increase of VND 10,000 from VND 75,000 per kg in the last week.In Lampung, the price was higher by 3% and 1% increase was recorded in Sarawak. A sharp increase of 10% was also reported in Sri Lanka.
