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If annual production remains at around current levels the reserves will last until 2090.
The continuing recovery in China’s swine sector and poultry production growth are expected to push up soybean meal use for feed during 2020-21 marketing year...
Global coal prices will remain under pressure until the end of the year amid a persisting glut in supply and weak demand from China and India, analysts said.
The impact of Covid-19 on Indian power demand and industrial output, and coal-to-gas fuel switching in Europe has driven seaborne thermal coal trade lower in 2020.
U.S. coal consumption has been declining since its peak in 2007 of 1.1 billion short tons.
Global coal prices collapsed in recent months as the global lockdown took its toll on power demand around the world.
UNCTAD forecasts 20% drop in 2020
South African coal loadings rebounded in May but the outlook for exports remains challenging.