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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Gas price plunge brings relief to EuropeEuropean gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers. The slump gas futures are down by two-thirds already this year hasn't just eased the pressure on household budgets. It also undermines one of the biggest bargaining chips held by President Vladimir Putin the ability to squeeze the region's gas supplies. With some traders predicting short-term prices could even go negative at times this summer, the picture couldn't be more different from May last year. Advt Back then, futures were quadruple what they are now and countries were forced to revive coal generation to keep the lights on after Russia slashed gas supplies. There were also worries about shortages and whether Europe would be able to build gas storage levels before winter. Now, stockpiles are above average and might even be filled during the summer, and ahead of schedule. Bloomberg Published On May 29, 2023 at 07:58 AM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post europe vladimir putin Inflation russia ukraine Home News Oil & Gas Gas price plunge brings relief to Europe
### Response:
YES
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YES
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Gas price plunge brings relief to EuropeEuropean gas prices have plunged to the lowest since mid-2021, when Russia was just beginning to squeeze supplies before its invasion of Ukraine, helping to reverse a surge in inflation and bring relief to consumers. The slump gas futures are down by two-thirds already this year hasn't just eased the pressure on household budgets. It also undermines one of the biggest bargaining chips held by President Vladimir Putin the ability to squeeze the region's gas supplies. With some traders predicting short-term prices could even go negative at times this summer, the picture couldn't be more different from May last year. Advt Back then, futures were quadruple what they are now and countries were forced to revive coal generation to keep the lights on after Russia slashed gas supplies. There were also worries about shortages and whether Europe would be able to build gas storage levels before winter. Now, stockpiles are above average and might even be filled during the summer, and ahead of schedule. Bloomberg Published On May 29, 2023 at 07:58 AM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post europe vladimir putin Inflation russia ukraine Home News Oil & Gas Gas price plunge brings relief to Europe
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Oil gains after US leaders strike debt dealOil prices rose on Monday after US leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, although concerns about further interest rate hikes capped gains. Brent crude futures climbed 45 cents, or 0.6 per cent, to $77.40 a barrel by 0636 GMT, while US West Texas Intermediate crude was at $73.2 a barrel, up 53 cents, or 0.7 per cent. Trade is expected to be subdued on Monday because of UK and US holidays. US President Joe Biden and House Speaker Kevin McCarthy on the weekend forged an agreement to suspend the $31.4 trillion debt ceiling and cap government spending for the next two years. Both leaders expressed confidence that members of the Democratic and Republican parties will vote to support the deal. Advt Reaching the deal and coming closer to avoiding a default on US debt renewed investor appetite for riskier assets such as commodities. Analysts said the provisional deal has taken pressure off the markets, offering a relief rally in risk assets, including crude oil. 'We could see more gains as a relief rally gets under way in the broader financial markets when the US comes back from the long Memorial Day weekend,' Vandana Hari, founder of oil market analysis provider Vanda Insights, said. Last week, Brent and WTI rose by more than 1 per cent, gaining for a second week. Prices gained as the US debt ceiling talks showed progress and after Saudi energy minister Abdulaziz bin Salman warned short-sellers betting that oil prices will fall to 'watch out' for pain. Bin Salman's warning was seen as a signal that the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, may further cut output when they meet on June 4. However, comments from Russian oil officials and sources, including Deputy Prime Minister Alexander Novak, indicate the world's third-largest oil producer is leaning toward leaving output unchanged. Analysts see the boost in oil prices from the debt deal as short-lived. The rally's sustainability is questionable as there is a higher chance the US Federal Reserve will raise interest rates in June after their preferred inflation metric rose more than expected for April, IG's Sydney-based analyst Tony Sycamore said. Advt 'Higher US rates are a headwind for crude oil demand,' he added. Investors will be watching for manufacturing and services data in China, the world's biggest oil importer, this week as well as US nonfarm payroll data on Friday for signals on economic growth and oil demand. Future oil output growth in the US, the world's biggest producer, also may slow as energy firms cut rigs for a fourth week. The number of oil rigs operating fell by five to 570 last week to their lowest since May 2022, energy services firm Baker Hughes Co said in its weekly report on Friday. Reuters Published On May 29, 2023 at 01:01 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post kevin mccarthy vandana hari vanda insights tony sycamore joe biden bin salman s alexander novak abdulaziz bin salman us federal reserve house Home News Oil & Gas Oil gains after US leaders strike debt deal
### Response:
NO
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NO
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Oil gains after US leaders strike debt dealOil prices rose on Monday after US leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, although concerns about further interest rate hikes capped gains. Brent crude futures climbed 45 cents, or 0.6 per cent, to $77.40 a barrel by 0636 GMT, while US West Texas Intermediate crude was at $73.2 a barrel, up 53 cents, or 0.7 per cent. Trade is expected to be subdued on Monday because of UK and US holidays. US President Joe Biden and House Speaker Kevin McCarthy on the weekend forged an agreement to suspend the $31.4 trillion debt ceiling and cap government spending for the next two years. Both leaders expressed confidence that members of the Democratic and Republican parties will vote to support the deal. Advt Reaching the deal and coming closer to avoiding a default on US debt renewed investor appetite for riskier assets such as commodities. Analysts said the provisional deal has taken pressure off the markets, offering a relief rally in risk assets, including crude oil. 'We could see more gains as a relief rally gets under way in the broader financial markets when the US comes back from the long Memorial Day weekend,' Vandana Hari, founder of oil market analysis provider Vanda Insights, said. Last week, Brent and WTI rose by more than 1 per cent, gaining for a second week. Prices gained as the US debt ceiling talks showed progress and after Saudi energy minister Abdulaziz bin Salman warned short-sellers betting that oil prices will fall to 'watch out' for pain. Bin Salman's warning was seen as a signal that the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, may further cut output when they meet on June 4. However, comments from Russian oil officials and sources, including Deputy Prime Minister Alexander Novak, indicate the world's third-largest oil producer is leaning toward leaving output unchanged. Analysts see the boost in oil prices from the debt deal as short-lived. The rally's sustainability is questionable as there is a higher chance the US Federal Reserve will raise interest rates in June after their preferred inflation metric rose more than expected for April, IG's Sydney-based analyst Tony Sycamore said. Advt 'Higher US rates are a headwind for crude oil demand,' he added. Investors will be watching for manufacturing and services data in China, the world's biggest oil importer, this week as well as US nonfarm payroll data on Friday for signals on economic growth and oil demand. Future oil output growth in the US, the world's biggest producer, also may slow as energy firms cut rigs for a fourth week. The number of oil rigs operating fell by five to 570 last week to their lowest since May 2022, energy services firm Baker Hughes Co said in its weekly report on Friday. Reuters Published On May 29, 2023 at 01:01 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post kevin mccarthy vandana hari vanda insights tony sycamore joe biden bin salman s alexander novak abdulaziz bin salman us federal reserve house Home News Oil & Gas Oil gains after US leaders strike debt deal
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
World Sugar Market – Weekly Comment – Episode 91HOW TO STAY BULLISH WITHOUT SURPRISES? The sugar futures market in NY closed out this Friday with July/2023 at 25.41 cents per pound, after having reached the minimum price of 24.61 cents per pound, with a significant drop on Thursday, along with a trading volume equivalent to more than the double of the ordinary days. During the week the market reported the trading of an extraordinary lot of almost 20,000 puts with the exercise price of 22 cents per pound for October/2023. In the traders’ view, a volume this big stands a great chance of having the speculative funds, which can be foreseeing a sugar price adjustment, as a key player. Over the week, sugar in NY lost 6 dollars per ton on average for the months that correspond to the Center-South 2023/2024 crop, while the two next crops had a positive average fluctuation of 4.30 dollars per ton for the 2024/2025 crop, and 6.60 dollars per ton for the 2025/2026 crop. UNICA published the numbers about the production in the first two weeks of May and they show a 24% growth in sugarcane production against the same period last year. ATR also showed a positive fluctuation of 0.61% against last year. The mix continues strongly swinging to sugar with 45.6% versus 38.5% last crop. São Paulo state shows a 34% growth in sugarcane production, while the other states show a 13% growth on average. In the accumulated of the crop year, sugar production grew 48%, anhydrous ethanol 76% while hydrous shrank almost 5%. The market perception of more sugar and less hydrous helped with the advance of CBIO price traded at the Brazilian Exchange B3, reaching R$136 per ton, which corresponds to an additional of about 70 points in hydrous price – a little help for a product that trades with a discount of almost 10 cents per pound against sugar in NY. Today hydrous make mills lose at least 60 dollars per ton equivalent sugar. In the yearly accumulated, the so-called soft commodities led the positive performance ranking. Orange juice went up 43%, sugar 27%, cocoa 15% followed by coffee which increased 8%. As for the drops, they are led by the energy market, such as natural gas, which sank 46%, diesel 28% and oil 10%. A Manhattan broker noted that for several times during the sugar session in NY, with no paper activity, the market shows unstable movements which point to being caused by computer negotiations, algorithms, mathematical models, in a true duel between PCs. Meanwhile, we human beings keep coming up with narratives to justify these fluctuations. In general, we follow the herd of bulls or bears. The non-index funds (speculative) must still be long by at least 200,000 contracts. As it occurs in similar situations to this one we find ourselves in, when we have commodities that have appreciated a lot on one side and those that have melted on the other, the funds are far too quick on this terrain and – as seen previously – nothing prevents them from suddenly changing hands liquidating what is overvalued and buying what is undervalued. A recovery of the economy globally can encourage the swing in positions, like selling sugar and buying energy. We have seen that before. Curiously enough, we have noticed that the greater the volatility presented by the market is, the smaller the volume traded in NY futures seems to be. The period we analyzed showed an interesting inverse correlation close to -0.75. Does high volatility push away the trader? I believe the funds will try to roll over their long positions to the longer expirations. The advantage in their portfolio will be impressive. The average of the NY closings corresponding to the Center-South crops shows that the 2024/2025 crop is at 60 dollars cheaper per ton than this year’s crop. And the 2025/2026 crop, another 60 dollars cheaper per ton. That is, the market shows that sugar is worth 120 dollars less per ton two years from now. Settling the huge long sugar positions now, which present with a gigantic profit, and repurchasing the contracts with future maturities, will generate a stunning result for the speculative funds. The mills should seriously reflect on the opportunities the market is showing them. Everything seems to move towards a good crop in the Center-South, with lots of sugarcane and excellent yield; India estimates that the monsoon season will produce the adequate volume of rain. If everything follows the normal pace, without any climate problems, we will have produced about 80% of sugarcane estimated in the year by next October, while the Indian production estimates will start sprouting on the market. The favorable combination justifies the purchase of the 20,000 puts mentioned above. The mills estimate that the cost of sugar production this year won’t have any negative surprises. As we have said before, there will be more care with the sugarcane field for 2024/2025 crop since the fertilizers and chemicals are cheaper and there is money left. The growth of sugarcane production for the 2024/2025 crop might be significant. And everything leads us to believe that the interest rates in Brazil should suffer a reduction, while they go up abroad and make spread narrow, affecting the real curve along the time. In short, there will be fewer real along the curve against the dollar. And after all is said and done, dear readers, you believe that the price in real per ton might go up? To read the previous episodes of World Sugar Market – Weekly Comment, click here To get in touch with Mr. Arnaldo, write on [email protected]
### Response:
NO
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NO
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World Sugar Market – Weekly Comment – Episode 91HOW TO STAY BULLISH WITHOUT SURPRISES? The sugar futures market in NY closed out this Friday with July/2023 at 25.41 cents per pound, after having reached the minimum price of 24.61 cents per pound, with a significant drop on Thursday, along with a trading volume equivalent to more than the double of the ordinary days. During the week the market reported the trading of an extraordinary lot of almost 20,000 puts with the exercise price of 22 cents per pound for October/2023. In the traders’ view, a volume this big stands a great chance of having the speculative funds, which can be foreseeing a sugar price adjustment, as a key player. Over the week, sugar in NY lost 6 dollars per ton on average for the months that correspond to the Center-South 2023/2024 crop, while the two next crops had a positive average fluctuation of 4.30 dollars per ton for the 2024/2025 crop, and 6.60 dollars per ton for the 2025/2026 crop. UNICA published the numbers about the production in the first two weeks of May and they show a 24% growth in sugarcane production against the same period last year. ATR also showed a positive fluctuation of 0.61% against last year. The mix continues strongly swinging to sugar with 45.6% versus 38.5% last crop. São Paulo state shows a 34% growth in sugarcane production, while the other states show a 13% growth on average. In the accumulated of the crop year, sugar production grew 48%, anhydrous ethanol 76% while hydrous shrank almost 5%. The market perception of more sugar and less hydrous helped with the advance of CBIO price traded at the Brazilian Exchange B3, reaching R$136 per ton, which corresponds to an additional of about 70 points in hydrous price – a little help for a product that trades with a discount of almost 10 cents per pound against sugar in NY. Today hydrous make mills lose at least 60 dollars per ton equivalent sugar. In the yearly accumulated, the so-called soft commodities led the positive performance ranking. Orange juice went up 43%, sugar 27%, cocoa 15% followed by coffee which increased 8%. As for the drops, they are led by the energy market, such as natural gas, which sank 46%, diesel 28% and oil 10%. A Manhattan broker noted that for several times during the sugar session in NY, with no paper activity, the market shows unstable movements which point to being caused by computer negotiations, algorithms, mathematical models, in a true duel between PCs. Meanwhile, we human beings keep coming up with narratives to justify these fluctuations. In general, we follow the herd of bulls or bears. The non-index funds (speculative) must still be long by at least 200,000 contracts. As it occurs in similar situations to this one we find ourselves in, when we have commodities that have appreciated a lot on one side and those that have melted on the other, the funds are far too quick on this terrain and – as seen previously – nothing prevents them from suddenly changing hands liquidating what is overvalued and buying what is undervalued. A recovery of the economy globally can encourage the swing in positions, like selling sugar and buying energy. We have seen that before. Curiously enough, we have noticed that the greater the volatility presented by the market is, the smaller the volume traded in NY futures seems to be. The period we analyzed showed an interesting inverse correlation close to -0.75. Does high volatility push away the trader? I believe the funds will try to roll over their long positions to the longer expirations. The advantage in their portfolio will be impressive. The average of the NY closings corresponding to the Center-South crops shows that the 2024/2025 crop is at 60 dollars cheaper per ton than this year’s crop. And the 2025/2026 crop, another 60 dollars cheaper per ton. That is, the market shows that sugar is worth 120 dollars less per ton two years from now. Settling the huge long sugar positions now, which present with a gigantic profit, and repurchasing the contracts with future maturities, will generate a stunning result for the speculative funds. The mills should seriously reflect on the opportunities the market is showing them. Everything seems to move towards a good crop in the Center-South, with lots of sugarcane and excellent yield; India estimates that the monsoon season will produce the adequate volume of rain. If everything follows the normal pace, without any climate problems, we will have produced about 80% of sugarcane estimated in the year by next October, while the Indian production estimates will start sprouting on the market. The favorable combination justifies the purchase of the 20,000 puts mentioned above. The mills estimate that the cost of sugar production this year won’t have any negative surprises. As we have said before, there will be more care with the sugarcane field for 2024/2025 crop since the fertilizers and chemicals are cheaper and there is money left. The growth of sugarcane production for the 2024/2025 crop might be significant. And everything leads us to believe that the interest rates in Brazil should suffer a reduction, while they go up abroad and make spread narrow, affecting the real curve along the time. In short, there will be fewer real along the curve against the dollar. And after all is said and done, dear readers, you believe that the price in real per ton might go up? To read the previous episodes of World Sugar Market – Weekly Comment, click here To get in touch with Mr. Arnaldo, write on [email protected]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chinese Liquid Sugar and Premix Imports Reach New HighInsight Focus China liquid sugar and premix imports rise 42% YOY in Jan-Apr. High local sugar prices have driven the increased demand. Lower Thai and Indian sugar supply could slow premix and liquid sugar imports in H2’23. China imported 6m tonnes of sugar-related products (sugar equivalent) in 2022 via 5 legitimate channels with import duties ranging from zero to 50%. Up to now in 2023, almost no raw sugar has been sent to China due to the continuous negative import margins. In contrast, imports of liquid sugar and premix hit new highs thanks to lower tariffs. Low-Duty Sugar Imports Hit New Highs We have discussed in previous reports that the rapid rise in domestic sugar prices will prompt end users to turn to alternatives, and in order to ensure product flavour, syrups and premix powder seem to be good choices. As a result, China imported 179.4k tonnes of liquid sugar and premix powder in April, another record high. Imports for the January-April totalled 0.5m tons, 42% higher than the same period last year. However, the light of Indian whites’ imports has dimmed. It fell to 13.7k tonnes in April, comparing to 47.52k tonnes last month. In the January-April period of this year, China imported 157k tonnes of Indian whites, compared with 251k tonnes for the whole of last year. It is generally assumed that imports of Indian white sugar will be used for the premix powder production, in comprehensive bonded zone. Hunan Province Comprehensive Bonded Zone – Yue Yang Area Could Sourcing Be A Problem In H2 2023? This brings up the concern in H2 2023. Record imports of liquid sugar and premix depend on sugar supplies from Thailand and India. Thailand accounts for 97% of the liquid sugar imports and 77% of the premix. And Indian sugar dominates the production of premix powder in comprehensive bonded zone. Due to regulatory risks and high sugar prices, we think producers may not have contracted much sugar ahead of time. As a result, the imports of liquids and premix could tone down in the second half of the year. India’s sugar exports have reached 5.6 million tonnes, very close to this season’s limit of 6 million tonnes, and the remaining supply is very limited, if not zero. Thailand’s sugar production this season is lower than expected, and although white sugar supplies increases, the increase is limited. Some buyers are turning to Brazilian sugar. During Brazil’s last record 20/21 season, China imported 56.1k tons of Brazilian white sugar. Today, the CFR price of Brazilian low-quality whites is about 700 US dollars. It means the landed cost is about 6500-7500 yuan/ton, compared with the current Guangxi sugar price of 7200 yuan/ton. The margin seems not big enough to spur much growth. Impact on Chinese Sugar Demand? In conclusion, low-duty liquid sugar and premix imports are likely to be constrained by supply in the second half of 2023, despite bright performance in H1 2023. We currently think that the imports are likely to remain the same as last year, totalling 1m tonnes in sugar equivalent. With this, and rotation of the central sugar reserve, the domestic sugar market looks set to come out of its corset for now. However, if AILs imports further delay, the balance sheet could tight up and import margin would improve. *liquid sugar and premix power are converted to sugar equivalent For more articles, insight and price information on all things related related to food and beverages visit Czapp.
### Response:
NO
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NO
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Chinese Liquid Sugar and Premix Imports Reach New HighInsight Focus China liquid sugar and premix imports rise 42% YOY in Jan-Apr. High local sugar prices have driven the increased demand. Lower Thai and Indian sugar supply could slow premix and liquid sugar imports in H2’23. China imported 6m tonnes of sugar-related products (sugar equivalent) in 2022 via 5 legitimate channels with import duties ranging from zero to 50%. Up to now in 2023, almost no raw sugar has been sent to China due to the continuous negative import margins. In contrast, imports of liquid sugar and premix hit new highs thanks to lower tariffs. Low-Duty Sugar Imports Hit New Highs We have discussed in previous reports that the rapid rise in domestic sugar prices will prompt end users to turn to alternatives, and in order to ensure product flavour, syrups and premix powder seem to be good choices. As a result, China imported 179.4k tonnes of liquid sugar and premix powder in April, another record high. Imports for the January-April totalled 0.5m tons, 42% higher than the same period last year. However, the light of Indian whites’ imports has dimmed. It fell to 13.7k tonnes in April, comparing to 47.52k tonnes last month. In the January-April period of this year, China imported 157k tonnes of Indian whites, compared with 251k tonnes for the whole of last year. It is generally assumed that imports of Indian white sugar will be used for the premix powder production, in comprehensive bonded zone. Hunan Province Comprehensive Bonded Zone – Yue Yang Area Could Sourcing Be A Problem In H2 2023? This brings up the concern in H2 2023. Record imports of liquid sugar and premix depend on sugar supplies from Thailand and India. Thailand accounts for 97% of the liquid sugar imports and 77% of the premix. And Indian sugar dominates the production of premix powder in comprehensive bonded zone. Due to regulatory risks and high sugar prices, we think producers may not have contracted much sugar ahead of time. As a result, the imports of liquids and premix could tone down in the second half of the year. India’s sugar exports have reached 5.6 million tonnes, very close to this season’s limit of 6 million tonnes, and the remaining supply is very limited, if not zero. Thailand’s sugar production this season is lower than expected, and although white sugar supplies increases, the increase is limited. Some buyers are turning to Brazilian sugar. During Brazil’s last record 20/21 season, China imported 56.1k tons of Brazilian white sugar. Today, the CFR price of Brazilian low-quality whites is about 700 US dollars. It means the landed cost is about 6500-7500 yuan/ton, compared with the current Guangxi sugar price of 7200 yuan/ton. The margin seems not big enough to spur much growth. Impact on Chinese Sugar Demand? In conclusion, low-duty liquid sugar and premix imports are likely to be constrained by supply in the second half of 2023, despite bright performance in H1 2023. We currently think that the imports are likely to remain the same as last year, totalling 1m tonnes in sugar equivalent. With this, and rotation of the central sugar reserve, the domestic sugar market looks set to come out of its corset for now. However, if AILs imports further delay, the balance sheet could tight up and import margin would improve. *liquid sugar and premix power are converted to sugar equivalent For more articles, insight and price information on all things related related to food and beverages visit Czapp.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
China iron ore buyer yet to deliver lower pricesThe state-owned iron ore purchaser China introduced last year to enhance steelmakers’ negotiating power has yet to deliver the reduced iron ore prices mills had hoped for. According to Reuters, approximately 30 Chinese steel mills have signed iron ore procurement contracts through the China Mineral Resources Group (CMRG), but one steel mill said it hadn’t enjoyed any price improvements to date. “We have not received any cheaper iron ore prices and to be honest I don’t expect they can get better deals any time soon,” a purchasing manager for a state-owned steel mill said at a Singapore industry event last week, as reported by Reuters. Other steel mill officials and iron ore traders echoed this sentiment, suggesting iron ore prices were no cheaper than what they could achieve independently. The CMRG has overseen plenty of activity in the Chinese iron ore sector since its introduction last year, with the 30 steel mills in question accounting for approximately 300 million tonnes of iron ore purchases per annum. But this hasn’t created any notable market shifts. “Our cooperation with the CMRG is constructive … so far we have not seen a market-shaking change,” a mining company official told Reuters. “It’s hard to say if more Chinese firms will put their contract bargaining under CMRG in the future. That would mainly depend on what CMRG achieves.” And while Chinese steelmakers have been unable to achieve the lower prices they desire, they are required to pay commission for CMRG’s services, adding costs at a time when lower steel demand from an ailing property sector is impacting revenues. Imported iron ore prices in China fell below $US100 per tonne (t) for the first time in six months on Wednesday last week, with 62 per cent seaborne Australian iron ore fines at the port of Qingdao trading at $US97.3 ($149)/t. “Chinese prices for imported iron ore began a steep slide from late last week as pessimism intensified among market participants, and fundamentals for the ore stayed weak,” Mysteel said. This pessimism also saw imported iron ore stocks from Chinese steel mills drop to a record low last week, where 64 Chinese steel mills had 9.37 million tonnes of imported iron ore sintering fines in stock according to a Mysteel survey for the May 18–24 period. This was a 172,100-tonne decline from the week before and the lowest figure since Mysteel first launched the survey in July 2014. “The volume was also 41.6 per cent lower than the same period of last year, Mysteel’s data showed,” Mysteel said. “Market watchers attributed the continuous decrease to the still-cautious buying from many steel mills.” Subscribe to Australian Resources & Investment and receive the latest news on commodity prices, resource developments, executive movements and more.
### Response:
YES
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YES
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China iron ore buyer yet to deliver lower pricesThe state-owned iron ore purchaser China introduced last year to enhance steelmakers’ negotiating power has yet to deliver the reduced iron ore prices mills had hoped for. According to Reuters, approximately 30 Chinese steel mills have signed iron ore procurement contracts through the China Mineral Resources Group (CMRG), but one steel mill said it hadn’t enjoyed any price improvements to date. “We have not received any cheaper iron ore prices and to be honest I don’t expect they can get better deals any time soon,” a purchasing manager for a state-owned steel mill said at a Singapore industry event last week, as reported by Reuters. Other steel mill officials and iron ore traders echoed this sentiment, suggesting iron ore prices were no cheaper than what they could achieve independently. The CMRG has overseen plenty of activity in the Chinese iron ore sector since its introduction last year, with the 30 steel mills in question accounting for approximately 300 million tonnes of iron ore purchases per annum. But this hasn’t created any notable market shifts. “Our cooperation with the CMRG is constructive … so far we have not seen a market-shaking change,” a mining company official told Reuters. “It’s hard to say if more Chinese firms will put their contract bargaining under CMRG in the future. That would mainly depend on what CMRG achieves.” And while Chinese steelmakers have been unable to achieve the lower prices they desire, they are required to pay commission for CMRG’s services, adding costs at a time when lower steel demand from an ailing property sector is impacting revenues. Imported iron ore prices in China fell below $US100 per tonne (t) for the first time in six months on Wednesday last week, with 62 per cent seaborne Australian iron ore fines at the port of Qingdao trading at $US97.3 ($149)/t. “Chinese prices for imported iron ore began a steep slide from late last week as pessimism intensified among market participants, and fundamentals for the ore stayed weak,” Mysteel said. This pessimism also saw imported iron ore stocks from Chinese steel mills drop to a record low last week, where 64 Chinese steel mills had 9.37 million tonnes of imported iron ore sintering fines in stock according to a Mysteel survey for the May 18–24 period. This was a 172,100-tonne decline from the week before and the lowest figure since Mysteel first launched the survey in July 2014. “The volume was also 41.6 per cent lower than the same period of last year, Mysteel’s data showed,” Mysteel said. “Market watchers attributed the continuous decrease to the still-cautious buying from many steel mills.” Subscribe to Australian Resources & Investment and receive the latest news on commodity prices, resource developments, executive movements and more.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chinese steel enterprises’ profit amount to RMB 390 million in Jan-AprIn the January-April period this year, of the 41 industrial sectors in China, 13 witnessed year-on-year increases in gross profit, 27 saw decreases in gross profit, while one recorded an unchanged gross profit, year on year, as announced by China's National Bureau of Statistics (NBS) on May 27. In the given period, the ferrous metal smelting and rolling sector recorded a gross profit of RMB 390 million ($55 million), down 99.4 percent year on year. The automotive sector recorded a gross profit of RMB 112.28 billion ($15.9 billion) in the first four months this year, up 2.5 percent year on year. At the same time, the ferrous metals mining and dressing sector, the metal manufacturing sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded gross profits of RMB 14.08 billion ($1.99 billion), RMB 39.65 billion ($5.62 billion) and RMB 17.94 billion ($2.54 billion) in the January-April period, down 42.8 percent, down 16.1 percent and up 47.2 percent year on year, respectively. In the given period, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.03288 trillion ($0.29 trillion), down 20.6 percent year on year.
### Response:
NO
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NO
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Chinese steel enterprises’ profit amount to RMB 390 million in Jan-AprIn the January-April period this year, of the 41 industrial sectors in China, 13 witnessed year-on-year increases in gross profit, 27 saw decreases in gross profit, while one recorded an unchanged gross profit, year on year, as announced by China's National Bureau of Statistics (NBS) on May 27. In the given period, the ferrous metal smelting and rolling sector recorded a gross profit of RMB 390 million ($55 million), down 99.4 percent year on year. The automotive sector recorded a gross profit of RMB 112.28 billion ($15.9 billion) in the first four months this year, up 2.5 percent year on year. At the same time, the ferrous metals mining and dressing sector, the metal manufacturing sector and the railway, shipping, aerospace and other transportation equipment manufacturing sector recorded gross profits of RMB 14.08 billion ($1.99 billion), RMB 39.65 billion ($5.62 billion) and RMB 17.94 billion ($2.54 billion) in the January-April period, down 42.8 percent, down 16.1 percent and up 47.2 percent year on year, respectively. In the given period, the aggregate gross profit of large and medium-sized industrial enterprises in China amounted to RMB 2.03288 trillion ($0.29 trillion), down 20.6 percent year on year.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
SMM Morning Comments (May 30): Base Metals Show Mixed Performance, With Copper Outperforming, Growing Risk Appetite Softens Safe-Haven Appeal Of US DollarSHANGHAI, May 30 (SMM) – LME and SHFE base metals showed mixed performance overnight. On the macro front, the U.S. debt ceiling agreement boosted risk appetite in global markets and weakened the safe-haven appeal of the dollar, which fell on Monday. However, the core inflation in the United States is at a high level, and the market expects the Fed to raise interest rates in June.
### Response:
YES
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YES
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SMM Morning Comments (May 30): Base Metals Show Mixed Performance, With Copper Outperforming, Growing Risk Appetite Softens Safe-Haven Appeal Of US DollarSHANGHAI, May 30 (SMM) – LME and SHFE base metals showed mixed performance overnight. On the macro front, the U.S. debt ceiling agreement boosted risk appetite in global markets and weakened the safe-haven appeal of the dollar, which fell on Monday. However, the core inflation in the United States is at a high level, and the market expects the Fed to raise interest rates in June.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Operating Rate Of Die-Casting Zinc Alloy Manufacturers Rose Last WeekThe average operating rate of die-casting zinc alloy manufacturers was 48.04% last week, up 0.67 percentage point from 47.38% in the previous week. The raw material inventory increased due to purchasing at lows. With increased raw materials, the overall operating rate rose slightly.
### Response:
YES
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YES
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Operating Rate Of Die-Casting Zinc Alloy Manufacturers Rose Last WeekThe average operating rate of die-casting zinc alloy manufacturers was 48.04% last week, up 0.67 percentage point from 47.38% in the previous week. The raw material inventory increased due to purchasing at lows. With increased raw materials, the overall operating rate rose slightly.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Operating Rate Of Zinc Oxide Enterprise Slid Last WeekAccording to SMM survey, the average operating rate of zinc oxide enterprises was 60.9% last week, down 0.6 percentage point from the previous week. In terms of raw material inventory, the recent sharp drop in zinc prices has driven some companies to replenish their inventory at low prices.
### Response:
NO
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NO
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Operating Rate Of Zinc Oxide Enterprise Slid Last WeekAccording to SMM survey, the average operating rate of zinc oxide enterprises was 60.9% last week, down 0.6 percentage point from the previous week. In terms of raw material inventory, the recent sharp drop in zinc prices has driven some companies to replenish their inventory at low prices.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Import Window for Zinc to Reopen SoonThe inventory of domestic zinc ingots continues to decline, while there have been large volumes of deliveries to LME warehouses. SHFE zinc is likely to continue to outperform LME zinc.
### Response:
NO
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NO
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Import Window for Zinc to Reopen SoonThe inventory of domestic zinc ingots continues to decline, while there have been large volumes of deliveries to LME warehouses. SHFE zinc is likely to continue to outperform LME zinc.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Zinc Ingots Inventory In Shanghai Bonded Zone To IncreaseAs of May 26, the inventory of zinc ingots in Shanghai bonded zone recorded 5,200 mt, up 2,700 mt from May 19.
### Response:
NO
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NO
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Zinc Ingots Inventory In Shanghai Bonded Zone To IncreaseAs of May 26, the inventory of zinc ingots in Shanghai bonded zone recorded 5,200 mt, up 2,700 mt from May 19.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Profit At Domestic Zinc Mines and Zinc Smelters Shrank SharplyThe TCs of zinc concentrate were stable last week. Profit at domestic mines and smelters shrank sharply, so they took a wait-and-see attitude.
### Response:
NO
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NO
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Profit At Domestic Zinc Mines and Zinc Smelters Shrank SharplyThe TCs of zinc concentrate were stable last week. Profit at domestic mines and smelters shrank sharply, so they took a wait-and-see attitude.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Spot Zinc Premiums In Shanghai Are Likely To FallSpot premiums hovered at high levels last week. As of last Friday, premiums of domestic regular brands stood at 210 yuan/mt over the SHFE 2306 zinc contract, and spot premiums of Shuangyan zinc were 360 yuan/mt over the contract. Zinc prices fell rapidly last week, but the premiums did not see a significant boost.
### Response:
NO
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NO
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Spot Zinc Premiums In Shanghai Are Likely To FallSpot premiums hovered at high levels last week. As of last Friday, premiums of domestic regular brands stood at 210 yuan/mt over the SHFE 2306 zinc contract, and spot premiums of Shuangyan zinc were 360 yuan/mt over the contract. Zinc prices fell rapidly last week, but the premiums did not see a significant boost.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
SMM Daily Comments (May 29): Base Metals Close Mostly Higher, Ferrous Metals Rose across the Board, Tin and Iron Ore Soar, Markets Eyes on OECD Economic Outlook ReportCrude oil rose slightly today. As of 15:19 CST, WTI oil and Brent oil rose 0.85% and 0.73% respectively. The U.S. dollar snapped its five-day winning streak and dipped 0.1% as of 15:19 today.
### Response:
NO
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NO
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SMM Daily Comments (May 29): Base Metals Close Mostly Higher, Ferrous Metals Rose across the Board, Tin and Iron Ore Soar, Markets Eyes on OECD Economic Outlook ReportCrude oil rose slightly today. As of 15:19 CST, WTI oil and Brent oil rose 0.85% and 0.73% respectively. The U.S. dollar snapped its five-day winning streak and dipped 0.1% as of 15:19 today.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
China Europe International undertakes imported iron ore import logistics business of Pinggang Anyuan Iron & SteelRecently, Hubei Port Group China Europe International Supply Chain Co., Ltd. undertook the annual imported iron ore logistics business of Jiangxi Pingxiang Pinggang Anyuan Iron & Steel Co., Ltd., with annual import volume estimated at 1.6 million mt. This cooperation is not only a good start for China Europe International Supply Chain's bulk commodity logistics business in Jiangxi market, but also lays the foundation for further cooperation in the imported iron ore supply chain.
### Response:
YES
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YES
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China Europe International undertakes imported iron ore import logistics business of Pinggang Anyuan Iron & SteelRecently, Hubei Port Group China Europe International Supply Chain Co., Ltd. undertook the annual imported iron ore logistics business of Jiangxi Pingxiang Pinggang Anyuan Iron & Steel Co., Ltd., with annual import volume estimated at 1.6 million mt. This cooperation is not only a good start for China Europe International Supply Chain's bulk commodity logistics business in Jiangxi market, but also lays the foundation for further cooperation in the imported iron ore supply chain.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Operating Aluminium Capacity In China To Grow To 40.9 Million mt By The End Of MaySHANGHAI, May 29 (SMM) – A small amount of aluminium capacity in Guizhou was resumed last week. One smelter in Guizhou has basically completed shutdown of 50,000 mt of capacity. The domestic operating aluminium capacity is estimated to grow to around 40.9 million mt by the end of May. The hydropower supply in Yunnan remains tight, thus local smelters are unable to resume production for the time being. The share of molten aluminium output of smelters may decline in May due to output cuts by molten aluminium processing enterprises.
### Response:
YES
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YES
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Operating Aluminium Capacity In China To Grow To 40.9 Million mt By The End Of MaySHANGHAI, May 29 (SMM) – A small amount of aluminium capacity in Guizhou was resumed last week. One smelter in Guizhou has basically completed shutdown of 50,000 mt of capacity. The domestic operating aluminium capacity is estimated to grow to around 40.9 million mt by the end of May. The hydropower supply in Yunnan remains tight, thus local smelters are unable to resume production for the time being. The share of molten aluminium output of smelters may decline in May due to output cuts by molten aluminium processing enterprises.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chinese Alumina Refineries To Cut Output To Deal With Sluggish MarketSHANGHAI, May 29 (SMM) –Maintenance and output cuts in some regions slowed down the decline in alumina prices, but are insufficient to reverse the downward trend. Some refineries with poor profit margins in Shanxi and Henan intend to expand capacity so as to dilute their production costs, but this could compound oversupply and weigh on alumina prices. Others will have to cut production or shut down to deal with sluggish market. With pessimism still prevailing, SMM sees alumina prices at downside risk this week.
### Response:
NO
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NO
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Chinese Alumina Refineries To Cut Output To Deal With Sluggish MarketSHANGHAI, May 29 (SMM) –Maintenance and output cuts in some regions slowed down the decline in alumina prices, but are insufficient to reverse the downward trend. Some refineries with poor profit margins in Shanxi and Henan intend to expand capacity so as to dilute their production costs, but this could compound oversupply and weigh on alumina prices. Others will have to cut production or shut down to deal with sluggish market. With pessimism still prevailing, SMM sees alumina prices at downside risk this week.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
WEEKLY: Global ferrous scrap prices remain rangeboundGlobal ferrous scrap prices remained range-bound with minor revisions seen in various grades worldwide. Overseas trade activities were limited, particularly in the South Asian market. In India, both bulk and container trade activities were sluggish, with only nominal containerised bookings done. The Turkish market saw a couple of deals concluded towards the weekend.
### Response:
YES
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YES
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WEEKLY: Global ferrous scrap prices remain rangeboundGlobal ferrous scrap prices remained range-bound with minor revisions seen in various grades worldwide. Overseas trade activities were limited, particularly in the South Asian market. In India, both bulk and container trade activities were sluggish, with only nominal containerised bookings done. The Turkish market saw a couple of deals concluded towards the weekend.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Rice exports to certain European countries exempted from mandatory inspection certificate for 6 monthsIndia on Monday deferred the mandatory requirement of a certificate of inspection by export inspection agencies for shipping both basmati and non-basmati rice to certain European countries by six months. The Directorate General of Foreign Trade (DGFT) said that it is amending a notification dated August 17, 2022, to the extent that export of rice (basmati and non-basmati) to EU member states and other European countries namely Iceland, Liechtenstein, Norway, Switzerland, and UK only will require certificate of inspection from Export Inspection Council/Export Inspection Agency. Export to remaining European countries will not require a certificate of inspection by the Export Inspection Council/Export Inspection Agency for export from the date of this notification for a period of six months, the DGFT said. It was earlier stated by the directorate to make the certificate must for export to these countries from January this year. EIC is the official export certification body of India which ensures quality and safety of products exported from India. Read More
### Response:
YES
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YES
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Rice exports to certain European countries exempted from mandatory inspection certificate for 6 monthsIndia on Monday deferred the mandatory requirement of a certificate of inspection by export inspection agencies for shipping both basmati and non-basmati rice to certain European countries by six months. The Directorate General of Foreign Trade (DGFT) said that it is amending a notification dated August 17, 2022, to the extent that export of rice (basmati and non-basmati) to EU member states and other European countries namely Iceland, Liechtenstein, Norway, Switzerland, and UK only will require certificate of inspection from Export Inspection Council/Export Inspection Agency. Export to remaining European countries will not require a certificate of inspection by the Export Inspection Council/Export Inspection Agency for export from the date of this notification for a period of six months, the DGFT said. It was earlier stated by the directorate to make the certificate must for export to these countries from January this year. EIC is the official export certification body of India which ensures quality and safety of products exported from India. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Plastic-free planet: What CSE expects from Global Plastic Treaty negotiations — the issues & politicsPlastic is a non-renewable product and is just another form of fossil fuel, equally responsible for environmental pollution and climate crisis. Every aspect of its life cycle — from extraction to final disposal — has the potential to fuel climate change. For decades, plastic pollution has been misunderstood and underestimated to be a waste mismanagement issue — a problem to be solved through technological interventions. The petroleum and petrochemicals industry argues that it is not a part of this problem, and most of our national legislations have been taken in by this argument. As a result, all our efforts have been directed towards the downstream end of the plastic life cycle. Governments have mobilised funds to ‘manage plastic waste’, while the production has kept on increasing exponentially. We have produced more plastics in the last 10 years than in the last century! The Intergovernmental Negotiating Committee (INC) on Plastic Pollution is in the process of developing “an international legally binding instrument on plastic pollution, including in the marine environment”. After its first session, the Secretariat of Governing Bodies and Stakeholders had invited written submissions from major groups and stakeholders. Delhi-based non-profit Centre for Science and Environment (CSE), being one of the accredited NGOs with the United Nations Environment Programme (UNEP), had made a written submission that was acknowledged by the INC Secretariat and uploaded on the UNEP portal for public information. CSE’s submission to INC Secretariat CSE’s submission focused on the objectives and the core obligations, control measures and voluntary approaches. The submission mentioned the following points: The objective of the instrument (International legally binding instrument, informally known as the Global Plastic Treaty or GPT) should clearly define its scope to end plastic pollution, and plan to reduce (over a period of ‘X’ years) production and consumption of plastics and chemicals used in plastics, especially by businesses It is important to identify and stop the production of non-recyclable (terminologies used in the UNEA options paper are problematic / unnecessary / avoidable) plastics like carry (carrier) bags and multi-layered packaging material Certain priority sectors like packaging have been using an unsustainable quantum of plastics (typically single-use) — they should be regulated and have to be incorporated in the National Action Plans (NAP) and the national reporting system under implementation measures Under core obligations, transparency with respect to production, consumption and import / export of plastic and plastic waste has to be created and nurtured at a global level Control measures have to be focused on differentiating between recycling and disposal (waste-to-energy and co-incineration) technologies. Many countries have expressed that compostable and biodegradable plastics are the solutions to the plastic crisis. However, it should be brought to the knowledge of the member states that bioplastics come with their own set of challenges and do little to tackle the plastic problem at source As the second session of INC is underway, CSE lists out its expectations from the final document: Demands for strong Global Plastic Treaty (GPT) GPT to end plastic pollution including in the marine environment covers the entire life cycle of plastic, and rightly so. The entire life cycle (upstream, midstream and downstream) of plastic encompasses: Upstream: Extraction of raw materials like crude oil and gas; Refining the crude oil in petrochemical companies; Polymer / plastic industry involved in plastic production Midstream: Businesses using plastics for profits, their distribution channels, including retailers and street vendors Downstream: Waste management with respect to plastic for instance, segregation, collection, storage; Mechanical recycling of plastic; End of life disposal of plastic waste, such as co-processing and waste-to-energy We list some major issues the treaty negotiations should focus on and also raise flags about the politics we should be aware of at all points of time. Upstream Focus: What kind of plastic gets manufactured / produced What chemicals are used for production Politics: Oil & gas majors and their economic interest in increased production of polymers Plastic-producing majors and their economic interest in unsustainable production of polymers Midstream Focus: Plastic products should be designed for reuse and recyclability. This would mean phasing out all the non-recyclable plastics The narrative of “problematic / unnecessary / avoidable” plastics — terminologies used in the options for elements paper by UNEP — should be replaced with “non-recyclable”. This is because the terminologies used by UNEP may be interpreted differently by different stakeholders Politics: Disposal (incineration) and mechanical recycling are used interchangeably by the petroleum, petrochemical and the plastic industry. There should be a clear definition of what we mean by recycling and an exclusion of ‘end of life disposal’ technologies like co-processing / co-incineration and waste to energy from the word recycling Opacity in chemicals used by the polymer industry. The same Low density polyethylene that is used to make milk packets is also used to make our shampoo bottles and our multilayered packaging material. The plastic / polymer material remains the same, but exhibits a variety of physical and chemical properties such as flexibility, form, colour, among others. The variation in the properties is a result of the chemicals that are added to the base polymer. Of the 10,000 chemicals that are used by businesses, most of the chemicals are not known. At least 2,500 of the known chemicals are scientifically proven to have adverse health impacts Downstream Focus: Reuse and recycling are the technological solutions. Reuse makes more sense as per the waste management hierarchy. However, products are not designed to be recyclable as businesses do not have liability for the plastic they introduce in the market Stay away from compostable and biodegradable plastics. Bureau of Indian Standards in April 2023 issued a statement that warned about any claims of biodegradable plastics made by companies being false, it further said research on biodegradable plastics is ongoing not only in India but across the globe Politics: Recycling may not be the ultimate solution to the plastic crisis. For instance as per a Greenpeace report-the USA recycles 5 per cent of its plastic waste. As per a CSE report, India recycles 13 per cent of its plastic waste. It is known that most of the plastic waste generated in the Global North is incinerated and not recycled, and yet claimed to be recycled The so-called recycling symbol on all plastic products (even on non-recyclable plastics). The recycling symbol on every plastic product has nothing to do with recycling The narrative that the plastic crisis is strictly a “waste management problem” needs to change. The problem of plastics is much more complicated. It is a concoction of unsustainable production issues, human health issues, environmental issues and much more Plastic Plastic pollution PLASTIC WASTE United Nations … UN Environment … Paris global plastic treaty plastic treaty Waste India Subscribe to Daily Newsletter : SUPPORT US We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together. Post a Comment Please Sign In to post a comment. Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.
### Response:
YES
|
YES
|
Plastic-free planet: What CSE expects from Global Plastic Treaty negotiations — the issues & politicsPlastic is a non-renewable product and is just another form of fossil fuel, equally responsible for environmental pollution and climate crisis. Every aspect of its life cycle — from extraction to final disposal — has the potential to fuel climate change. For decades, plastic pollution has been misunderstood and underestimated to be a waste mismanagement issue — a problem to be solved through technological interventions. The petroleum and petrochemicals industry argues that it is not a part of this problem, and most of our national legislations have been taken in by this argument. As a result, all our efforts have been directed towards the downstream end of the plastic life cycle. Governments have mobilised funds to ‘manage plastic waste’, while the production has kept on increasing exponentially. We have produced more plastics in the last 10 years than in the last century! The Intergovernmental Negotiating Committee (INC) on Plastic Pollution is in the process of developing “an international legally binding instrument on plastic pollution, including in the marine environment”. After its first session, the Secretariat of Governing Bodies and Stakeholders had invited written submissions from major groups and stakeholders. Delhi-based non-profit Centre for Science and Environment (CSE), being one of the accredited NGOs with the United Nations Environment Programme (UNEP), had made a written submission that was acknowledged by the INC Secretariat and uploaded on the UNEP portal for public information. CSE’s submission to INC Secretariat CSE’s submission focused on the objectives and the core obligations, control measures and voluntary approaches. The submission mentioned the following points: The objective of the instrument (International legally binding instrument, informally known as the Global Plastic Treaty or GPT) should clearly define its scope to end plastic pollution, and plan to reduce (over a period of ‘X’ years) production and consumption of plastics and chemicals used in plastics, especially by businesses It is important to identify and stop the production of non-recyclable (terminologies used in the UNEA options paper are problematic / unnecessary / avoidable) plastics like carry (carrier) bags and multi-layered packaging material Certain priority sectors like packaging have been using an unsustainable quantum of plastics (typically single-use) — they should be regulated and have to be incorporated in the National Action Plans (NAP) and the national reporting system under implementation measures Under core obligations, transparency with respect to production, consumption and import / export of plastic and plastic waste has to be created and nurtured at a global level Control measures have to be focused on differentiating between recycling and disposal (waste-to-energy and co-incineration) technologies. Many countries have expressed that compostable and biodegradable plastics are the solutions to the plastic crisis. However, it should be brought to the knowledge of the member states that bioplastics come with their own set of challenges and do little to tackle the plastic problem at source As the second session of INC is underway, CSE lists out its expectations from the final document: Demands for strong Global Plastic Treaty (GPT) GPT to end plastic pollution including in the marine environment covers the entire life cycle of plastic, and rightly so. The entire life cycle (upstream, midstream and downstream) of plastic encompasses: Upstream: Extraction of raw materials like crude oil and gas; Refining the crude oil in petrochemical companies; Polymer / plastic industry involved in plastic production Midstream: Businesses using plastics for profits, their distribution channels, including retailers and street vendors Downstream: Waste management with respect to plastic for instance, segregation, collection, storage; Mechanical recycling of plastic; End of life disposal of plastic waste, such as co-processing and waste-to-energy We list some major issues the treaty negotiations should focus on and also raise flags about the politics we should be aware of at all points of time. Upstream Focus: What kind of plastic gets manufactured / produced What chemicals are used for production Politics: Oil & gas majors and their economic interest in increased production of polymers Plastic-producing majors and their economic interest in unsustainable production of polymers Midstream Focus: Plastic products should be designed for reuse and recyclability. This would mean phasing out all the non-recyclable plastics The narrative of “problematic / unnecessary / avoidable” plastics — terminologies used in the options for elements paper by UNEP — should be replaced with “non-recyclable”. This is because the terminologies used by UNEP may be interpreted differently by different stakeholders Politics: Disposal (incineration) and mechanical recycling are used interchangeably by the petroleum, petrochemical and the plastic industry. There should be a clear definition of what we mean by recycling and an exclusion of ‘end of life disposal’ technologies like co-processing / co-incineration and waste to energy from the word recycling Opacity in chemicals used by the polymer industry. The same Low density polyethylene that is used to make milk packets is also used to make our shampoo bottles and our multilayered packaging material. The plastic / polymer material remains the same, but exhibits a variety of physical and chemical properties such as flexibility, form, colour, among others. The variation in the properties is a result of the chemicals that are added to the base polymer. Of the 10,000 chemicals that are used by businesses, most of the chemicals are not known. At least 2,500 of the known chemicals are scientifically proven to have adverse health impacts Downstream Focus: Reuse and recycling are the technological solutions. Reuse makes more sense as per the waste management hierarchy. However, products are not designed to be recyclable as businesses do not have liability for the plastic they introduce in the market Stay away from compostable and biodegradable plastics. Bureau of Indian Standards in April 2023 issued a statement that warned about any claims of biodegradable plastics made by companies being false, it further said research on biodegradable plastics is ongoing not only in India but across the globe Politics: Recycling may not be the ultimate solution to the plastic crisis. For instance as per a Greenpeace report-the USA recycles 5 per cent of its plastic waste. As per a CSE report, India recycles 13 per cent of its plastic waste. It is known that most of the plastic waste generated in the Global North is incinerated and not recycled, and yet claimed to be recycled The so-called recycling symbol on all plastic products (even on non-recyclable plastics). The recycling symbol on every plastic product has nothing to do with recycling The narrative that the plastic crisis is strictly a “waste management problem” needs to change. The problem of plastics is much more complicated. It is a concoction of unsustainable production issues, human health issues, environmental issues and much more Plastic Plastic pollution PLASTIC WASTE United Nations … UN Environment … Paris global plastic treaty plastic treaty Waste India Subscribe to Daily Newsletter : SUPPORT US We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together. Post a Comment Please Sign In to post a comment. Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Daily Sugar Market Update By Vizzie – 29/05/2023ChiniMandi, Mumbai: 29th May 2023 Domestic Market Sugar prices quotes steady Sugar prices remained stable prior to the announcement of the monthly quota. Muzaffarnagar (M grade) sugar prices remained stable in the Rs 3,630-3,640 per quintal range, while Kolhapur (S grade) sugar prices remained stable at Rs 3,400-3,440 per quintal. To keep prices under control, the June sale quota is expected to be 23.0 lakh tons, 1.0 lakh tons higher than last year. According to Agrimandi.live, prices will continue to trade steady to firm due to strong demand, with little room for decline. In the near future, prices in the Kolhapur markets are expected to trade near Rs 3,480 per quintal. Ex-mill Sugar Prices as on May, 29 2023 : State S/30 [Rates per Quintal] M/30 [Rates per Quintal] Maharashtra ₹3385 to 3395 ₹3485 to 3495 Karnataka ₹3550 to 3575 ₹3625 Uttar Pradesh ₹3595 to 3705 Gujarat ₹3501 to 3551 ₹3581 to 3621 Tamil Nadu ₹3535 to 3625 – Madhya Pradesh ₹3545 to 3585 ₹3600 to 3655 Punjab ₹3660 to 3701 (All the above rates are excluding GST) Destination-wise Spot Prices as on May, 29 2023 : City Grade Rate Delhi M/30 ₹3,885.00 Kanpur M/30 ₹3,832.50 Kolhapur M/30 ₹3,701.25 Kolkata M/30 ₹3,969.00 Muzaffarnagar M/30 ₹3,816.75 Currency, Commodity & Indian Indices The rupee traded against the US dollar at 82.621 whereas USD was trading with BRL at 4.9943, Crude futures traded at ₹6009, Crude WTI traded at $72.56/barrel. Sensex closed 344.69 points higher at 62846.38 whereas Nifty ended 99.30 points higher at 18598.65 News Round-Up Our government renovated and revitalized Chhaprauli sugar mill: Chief Minister Yogi Adityanath Our government renovated and revitalized Chhaprauli sugar mill: Chief Minister Yogi Adityanath Locust invasion causes huge losses to farmers in Afghanistan’s northern provinces Locust invasion causes huge losses to farmers in Afghanistan’s northern provinces World Sugar Market – Weekly Comment – Episode 91 World Sugar Market – Weekly Comment – Episode 91 IMD predicts rains for several North Indian states for next 3-4 hours chinimandi.com/imd-predicts-rains-for-several-north-indian-states-for-next-3-4-hours/ Sensex ends 345 points higher, Nifty nears 18,600 Sensex ends 345 points higher, Nifty nears 18,600
### Response:
YES
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YES
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Daily Sugar Market Update By Vizzie – 29/05/2023ChiniMandi, Mumbai: 29th May 2023 Domestic Market Sugar prices quotes steady Sugar prices remained stable prior to the announcement of the monthly quota. Muzaffarnagar (M grade) sugar prices remained stable in the Rs 3,630-3,640 per quintal range, while Kolhapur (S grade) sugar prices remained stable at Rs 3,400-3,440 per quintal. To keep prices under control, the June sale quota is expected to be 23.0 lakh tons, 1.0 lakh tons higher than last year. According to Agrimandi.live, prices will continue to trade steady to firm due to strong demand, with little room for decline. In the near future, prices in the Kolhapur markets are expected to trade near Rs 3,480 per quintal. Ex-mill Sugar Prices as on May, 29 2023 : State S/30 [Rates per Quintal] M/30 [Rates per Quintal] Maharashtra ₹3385 to 3395 ₹3485 to 3495 Karnataka ₹3550 to 3575 ₹3625 Uttar Pradesh ₹3595 to 3705 Gujarat ₹3501 to 3551 ₹3581 to 3621 Tamil Nadu ₹3535 to 3625 – Madhya Pradesh ₹3545 to 3585 ₹3600 to 3655 Punjab ₹3660 to 3701 (All the above rates are excluding GST) Destination-wise Spot Prices as on May, 29 2023 : City Grade Rate Delhi M/30 ₹3,885.00 Kanpur M/30 ₹3,832.50 Kolhapur M/30 ₹3,701.25 Kolkata M/30 ₹3,969.00 Muzaffarnagar M/30 ₹3,816.75 Currency, Commodity & Indian Indices The rupee traded against the US dollar at 82.621 whereas USD was trading with BRL at 4.9943, Crude futures traded at ₹6009, Crude WTI traded at $72.56/barrel. Sensex closed 344.69 points higher at 62846.38 whereas Nifty ended 99.30 points higher at 18598.65 News Round-Up Our government renovated and revitalized Chhaprauli sugar mill: Chief Minister Yogi Adityanath Our government renovated and revitalized Chhaprauli sugar mill: Chief Minister Yogi Adityanath Locust invasion causes huge losses to farmers in Afghanistan’s northern provinces Locust invasion causes huge losses to farmers in Afghanistan’s northern provinces World Sugar Market – Weekly Comment – Episode 91 World Sugar Market – Weekly Comment – Episode 91 IMD predicts rains for several North Indian states for next 3-4 hours chinimandi.com/imd-predicts-rains-for-several-north-indian-states-for-next-3-4-hours/ Sensex ends 345 points higher, Nifty nears 18,600 Sensex ends 345 points higher, Nifty nears 18,600
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
We are steadily moving forward in blending ethanol with diesel: GovernorChennai: Of the total energy needs of the country, 40% comes through green sources including non-carbon and non-nuclear, said Governor R N Ravi, reports The Times of India. He was speaking at the ‘C20 International conference in the spirit of Vasudhaiva Kutumbakam’ organised by Chinmaya Mission in Mahabalipuram. Addressing the gathering, he said, “We are tapping all the possible alternative energy sources like solar and wind and now are focusing on producing energy from waste. We are steadily moving forward in blending ethanol, derived from plants, with diesel. We have already achieved E10 and we will soon achieve E20.”
### Response:
NO
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NO
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We are steadily moving forward in blending ethanol with diesel: GovernorChennai: Of the total energy needs of the country, 40% comes through green sources including non-carbon and non-nuclear, said Governor R N Ravi, reports The Times of India. He was speaking at the ‘C20 International conference in the spirit of Vasudhaiva Kutumbakam’ organised by Chinmaya Mission in Mahabalipuram. Addressing the gathering, he said, “We are tapping all the possible alternative energy sources like solar and wind and now are focusing on producing energy from waste. We are steadily moving forward in blending ethanol, derived from plants, with diesel. We have already achieved E10 and we will soon achieve E20.”
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Steel Prices Take a Hit as China's Demand Falters - Is the Industry in Hot Water?New Delhi: In FY24, Steel prices have been on a downward trend due to weakened demand in China. As the leading consumer of commodities, China's Steel prices set the tone for the global Steel industry. In response to the decline in domestic demand, China has ramped up its exports to markets such as India. The market price of domestic Hot Rolled Coil (HRC) dropped in a week, reaching a new low of Rs.58,200 per tonne on May 21st.
### Response:
YES
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YES
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Steel Prices Take a Hit as China's Demand Falters - Is the Industry in Hot Water?New Delhi: In FY24, Steel prices have been on a downward trend due to weakened demand in China. As the leading consumer of commodities, China's Steel prices set the tone for the global Steel industry. In response to the decline in domestic demand, China has ramped up its exports to markets such as India. The market price of domestic Hot Rolled Coil (HRC) dropped in a week, reaching a new low of Rs.58,200 per tonne on May 21st.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Asian Dimethylacetamide Prices Slump to Record Level Amid OversuppliesShanghai, China- Asia's Dimethylacetamide markets have attained their biggest losses this week due to decreasing demand, an expansion in supply, and dropping feedstock prices. The significant manufacturing of Dimethylacetamide plants has seen production cuts from suppliers due to the abundant supply and obsolete inventory. Chinese vendors offer bulk shipments at negotiable prices as the trading activity throughout the Asian market dwindles.
### Response:
YES
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YES
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Asian Dimethylacetamide Prices Slump to Record Level Amid OversuppliesShanghai, China- Asia's Dimethylacetamide markets have attained their biggest losses this week due to decreasing demand, an expansion in supply, and dropping feedstock prices. The significant manufacturing of Dimethylacetamide plants has seen production cuts from suppliers due to the abundant supply and obsolete inventory. Chinese vendors offer bulk shipments at negotiable prices as the trading activity throughout the Asian market dwindles.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Moderate Downstream Demand Governs Tetrahydrofuran Prices in the European MarketThe Tetrahydrofuran market in European countries witnessed continuous stagnancy in the price dynamics towards the end of the fifth month of 2023. The downstream (PTMEG and spandex) market showcased a moderate demand outlook and frequent inquiries about Tetrahydrofuran in the European market. Moreover, other fields consuming more Tetrahydrofuran include paints and coating industries. The European market continued to witness a slight slump in the construction sector in the first quarter of 2023, and other microelement factors, such as energy prices, the country’s economic situations, and the demanding availability and capacity of the major manufacturers, to fulfill the demand outlook. On the week ending May 26th, Tetrahydrofuran prices settled at USD 2230 per MT, FOB Hamburg.
### Response:
YES
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YES
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Moderate Downstream Demand Governs Tetrahydrofuran Prices in the European MarketThe Tetrahydrofuran market in European countries witnessed continuous stagnancy in the price dynamics towards the end of the fifth month of 2023. The downstream (PTMEG and spandex) market showcased a moderate demand outlook and frequent inquiries about Tetrahydrofuran in the European market. Moreover, other fields consuming more Tetrahydrofuran include paints and coating industries. The European market continued to witness a slight slump in the construction sector in the first quarter of 2023, and other microelement factors, such as energy prices, the country’s economic situations, and the demanding availability and capacity of the major manufacturers, to fulfill the demand outlook. On the week ending May 26th, Tetrahydrofuran prices settled at USD 2230 per MT, FOB Hamburg.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Oil steady after US debt deal but rate hike worries lingerOil prices were steady on Monday after US leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures slipped 20 cents, or 0.2per cent, to $76.75 a barrel by 1055 GMT, while US West Texas Intermediate crude was at $72.58 a barrel, down 9 cents, or 0.1per cent. Trade is expected to be subdued on Monday because of UK and US holidays. US President Joe Biden and House Speaker Kevin McCarthy over the weekend forged an agreement to suspend the $31.4 trillion debt ceiling and cap government spending for the next two years. Both leaders expressed confidence that members of the Democratic and Republican parties will vote to support the deal. Advt Reaching the agreement and coming closer to avoiding a default on US debt renewed investor appetite for riskier assets such as commodities. Analysts said the provisional deal has taken pressure off the markets, offering a relief rally in risk assets, including crude oil. 'We could see more gains as a relief rally gets under way in the broader financial markets when the US comes back from the long Memorial Day weekend,' said Vandana Hari, founder of oil market analysis provider Vanda Insights. Still, analysts see any boost in oil prices from the debt deal as short-lived. The US Federal Reserve may still raise interest rates in June, IG's Sydney-based analyst Tony Sycamore said: 'Higher US rates are a headwind for crude oil demand,' he added. Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, is due to meet on June 4. Saudi energy minister Abdulaziz bin Salman warned short-sellers betting that oil prices will fall to 'watch out', in a possible signal that OPEC+ may further cut output. However, comments from Russian oil officials and sources, including Deputy Prime Minister Alexander Novak, indicate the world's third-largest oil producer is leaning towards leaving output unchanged. Reuters Published On May 29, 2023 at 04:44 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post vanda insights vandana hari joe biden tony sycamore alexander novak kevin mccarthy opec abdulaziz bin salman us federal reserve Home News Oil & Gas Oil steady after US debt deal but rate hike worries linger
### Response:
YES
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YES
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Oil steady after US debt deal but rate hike worries lingerOil prices were steady on Monday after US leaders reached a tentative debt ceiling deal, possibly averting a default in the world's largest economy and oil consumer, but concerns about further interest rate hikes capped gains. Brent crude futures slipped 20 cents, or 0.2per cent, to $76.75 a barrel by 1055 GMT, while US West Texas Intermediate crude was at $72.58 a barrel, down 9 cents, or 0.1per cent. Trade is expected to be subdued on Monday because of UK and US holidays. US President Joe Biden and House Speaker Kevin McCarthy over the weekend forged an agreement to suspend the $31.4 trillion debt ceiling and cap government spending for the next two years. Both leaders expressed confidence that members of the Democratic and Republican parties will vote to support the deal. Advt Reaching the agreement and coming closer to avoiding a default on US debt renewed investor appetite for riskier assets such as commodities. Analysts said the provisional deal has taken pressure off the markets, offering a relief rally in risk assets, including crude oil. 'We could see more gains as a relief rally gets under way in the broader financial markets when the US comes back from the long Memorial Day weekend,' said Vandana Hari, founder of oil market analysis provider Vanda Insights. Still, analysts see any boost in oil prices from the debt deal as short-lived. The US Federal Reserve may still raise interest rates in June, IG's Sydney-based analyst Tony Sycamore said: 'Higher US rates are a headwind for crude oil demand,' he added. Meanwhile, the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, is due to meet on June 4. Saudi energy minister Abdulaziz bin Salman warned short-sellers betting that oil prices will fall to 'watch out', in a possible signal that OPEC+ may further cut output. However, comments from Russian oil officials and sources, including Deputy Prime Minister Alexander Novak, indicate the world's third-largest oil producer is leaning towards leaving output unchanged. Reuters Published On May 29, 2023 at 04:44 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post vanda insights vandana hari joe biden tony sycamore alexander novak kevin mccarthy opec abdulaziz bin salman us federal reserve Home News Oil & Gas Oil steady after US debt deal but rate hike worries linger
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
SIMA urges exemption on 11 per cent import tax on cotton as prices decreaseThe Central Government has been urged by the Southern India Mills’ Association (SIMA) to extend the exemption from the 11 per cent import tariff on cotton through October of this year, just as it did from April to October of 2022.The current season’s arrival of cotton, according to SIMA Chairman Ravi Sam, was less than 60 per cent as of 31st March compared to the historically average arrival of 85 per cent to 90 per cent. He claims that despite Cotton Corporation of India’s announcement that MSP operations would cease on 31st March 2023, the irregular month-to-month kapas price that had been in effect for the previous year had caused farmers and kapas traders to hold over 47 per cent of the cotton in hopes of a price increase.Meanwhile, over the past week, cotton prices have significantly dropped by about Rs 3,000 per candy. Lower cotton prices, according to market analysts, will boost domestic demand and improve the competitiveness of Indian cotton yarn producers on the global market. Additionally, as a result of the lower cotton prices, ready-made clothing prices will also fall, providing consumers prices that are at least 10 per cent lower than they were during the previous Diwali season.Jayesh Patel, vice-president of the Spinners’ Association Gujarat (SAG), stated, “Indian cotton was more expensive than the international market, resulting in lower demand. Farmers, expecting higher cotton prices, had held back their stock, but they have now started selling, creating selling pressure and leading to a significant decrease in cotton prices.”
### Response:
YES
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YES
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SIMA urges exemption on 11 per cent import tax on cotton as prices decreaseThe Central Government has been urged by the Southern India Mills’ Association (SIMA) to extend the exemption from the 11 per cent import tariff on cotton through October of this year, just as it did from April to October of 2022.The current season’s arrival of cotton, according to SIMA Chairman Ravi Sam, was less than 60 per cent as of 31st March compared to the historically average arrival of 85 per cent to 90 per cent. He claims that despite Cotton Corporation of India’s announcement that MSP operations would cease on 31st March 2023, the irregular month-to-month kapas price that had been in effect for the previous year had caused farmers and kapas traders to hold over 47 per cent of the cotton in hopes of a price increase.Meanwhile, over the past week, cotton prices have significantly dropped by about Rs 3,000 per candy. Lower cotton prices, according to market analysts, will boost domestic demand and improve the competitiveness of Indian cotton yarn producers on the global market. Additionally, as a result of the lower cotton prices, ready-made clothing prices will also fall, providing consumers prices that are at least 10 per cent lower than they were during the previous Diwali season.Jayesh Patel, vice-president of the Spinners’ Association Gujarat (SAG), stated, “Indian cotton was more expensive than the international market, resulting in lower demand. Farmers, expecting higher cotton prices, had held back their stock, but they have now started selling, creating selling pressure and leading to a significant decrease in cotton prices.”
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Rice exports to certain European countries exempted from mandatory inspection certificate for 6 monthsIndia on Monday deferred the mandatory requirement of a certificate of inspection by export inspection agencies for shipping both basmati and non-basmati rice to certain European countries by six months. The Directorate General of Foreign Trade (DGFT) said that it is amending a notification dated August 17, 2022, to the extent that export of rice (basmati and non-basmati) to EU member states and other European countries namely Iceland, Liechtenstein, Norway, Switzerland, and UK 'only' will require certificate of inspection from Export Inspection Council/Export Inspection Agency. 'Export to remaining European countries will not require a certificate of inspection by the Export Inspection Council/Export Inspection Agency for export from the date of this notification for a period of six months,' the DGFT said. It was earlier stated by the directorate to make the certificate must for export to these countries from January this year. EIC is the official export certification body of India which ensures quality and safety of products exported from India.
### Response:
NO
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NO
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Rice exports to certain European countries exempted from mandatory inspection certificate for 6 monthsIndia on Monday deferred the mandatory requirement of a certificate of inspection by export inspection agencies for shipping both basmati and non-basmati rice to certain European countries by six months. The Directorate General of Foreign Trade (DGFT) said that it is amending a notification dated August 17, 2022, to the extent that export of rice (basmati and non-basmati) to EU member states and other European countries namely Iceland, Liechtenstein, Norway, Switzerland, and UK 'only' will require certificate of inspection from Export Inspection Council/Export Inspection Agency. 'Export to remaining European countries will not require a certificate of inspection by the Export Inspection Council/Export Inspection Agency for export from the date of this notification for a period of six months,' the DGFT said. It was earlier stated by the directorate to make the certificate must for export to these countries from January this year. EIC is the official export certification body of India which ensures quality and safety of products exported from India.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Punjab: Total 125.75 LMT wheat procured as season endsChandigarh: As the wheat procurement season has officially ended today, the total wheat procured so far is 125.75 lakh metric tonnes (LMT), reports Tribune India. The government had initially set a target to procure 132 LMT of wheat this year but the target was revised after the unfavorable weather threatened the wheat production. The total wheat production this year after the end of the rabi marketing season is estimated at 166 LMT, up from 148 LMT in 2022. The yield has increased to 47.25 quintals per hectare this year from last year’s 42.88 quintals per hectare. Of the total 125.75 LMT of wheat procured this year, the government agencies have procured 121.07 LMT, up from 96.29 LMT last year. The private procurement dropped from 6.36 LMT to 4.68 LMT.
### Response:
YES
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YES
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Punjab: Total 125.75 LMT wheat procured as season endsChandigarh: As the wheat procurement season has officially ended today, the total wheat procured so far is 125.75 lakh metric tonnes (LMT), reports Tribune India. The government had initially set a target to procure 132 LMT of wheat this year but the target was revised after the unfavorable weather threatened the wheat production. The total wheat production this year after the end of the rabi marketing season is estimated at 166 LMT, up from 148 LMT in 2022. The yield has increased to 47.25 quintals per hectare this year from last year’s 42.88 quintals per hectare. Of the total 125.75 LMT of wheat procured this year, the government agencies have procured 121.07 LMT, up from 96.29 LMT last year. The private procurement dropped from 6.36 LMT to 4.68 LMT.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Rental prices described as 'big pressure' for tillage farmersThe issue of land being rented at “extreme prices” needs to be looked at as tillage farmers “simply cannot compete” with dairy farmers, Social Democrats TD Holly Cairns has said. Deputy Cairns said that there seems to be no plan to address the issue that tillage farmers are finding it hard to rent land, other than “to talk to them about it”. Raising the issue in the Dáil with Minister for Agriculture, Food and the Marine, Charlie McConalogue, she said the tillage sector is “not reaching its full potential in Ireland”. Under Food Vision 2030 and the Climate Action Plan, a target is set to increase the tillage area to 400, 000ha. However, the minister said he is “concerned” about where the sector is at this year. The “big pressure” is the challenge around rental prices, Minister McConalogue, who raised concerns that the area under tillage in Ireland could shrink this year, said. This issue around land, the minister said, has “certainly” been affected by the nitrates challenge and seems to be putting pressure on tillage farmers in particular. “This has been an issue for a while now, in particular for farmers who might be facing a change in derogation and who are renting land in other places. “Tillage farmers simply cannot compete with the price dairy farmers can make in that way. “As a result, the policies continue to drive dairy farmers to increase the amount of nitrates they are using and they are renting land at extortionate prices to do that, which is worthwhile, and then preventing tillage farmers from being able to rent more land. “From what the minister says, there does not seem to be any plan to address that,” Deputy Cairns said in a recent Dáil debate with the minister. In response to Deputy Cairns, Minister McConalogue said he will raise the issue in Europe to see see if Ireland can get “additional flexibility”. Because of the situation in dairy, she said it is “financially worthwhile” for dairy farmers to rent land and potentially not even use it, in order that they can apply more nitrates.“If the nitrates are not even being applied to that area of land, it does not do anything to protect the water quality in a particular area, which is the entire purpose of having a limit on the amount of nitrates that can be used,” she said. Reaffirming his commitment to Ireland’s domestic tillage sector, which is one of the most carbon-efficient sectors in Irish agriculture, the minister said he wants to see the sector grow in the years ahead. The recently established Food Vision 2030 Tillage Group has been tasked to “urgently” set out a road map for the sustainable growth and development of the sector up to 2030, he said. Challenges in the sector, including access to land, will be discussed by the group and its recommendations will be “fully considered” by Minister McConalogue. The minister highlighted that the Tillage Incentive Scheme (TIS), which was introduced last year, contributed to an increase in the tillage area of 20, 000ha, or approximately 6% on 2021. “We all know that there is not enough joined-up thinking for the tillage sector. It is completely undervalued. It is carbon neutral. “We are importing food and feed from all over the world and there is no real or meaningful effort to encourage more people to go into tillage in Ireland,” Deputy Cairns said.
### Response:
NO
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NO
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Rental prices described as 'big pressure' for tillage farmersThe issue of land being rented at “extreme prices” needs to be looked at as tillage farmers “simply cannot compete” with dairy farmers, Social Democrats TD Holly Cairns has said. Deputy Cairns said that there seems to be no plan to address the issue that tillage farmers are finding it hard to rent land, other than “to talk to them about it”. Raising the issue in the Dáil with Minister for Agriculture, Food and the Marine, Charlie McConalogue, she said the tillage sector is “not reaching its full potential in Ireland”. Under Food Vision 2030 and the Climate Action Plan, a target is set to increase the tillage area to 400, 000ha. However, the minister said he is “concerned” about where the sector is at this year. The “big pressure” is the challenge around rental prices, Minister McConalogue, who raised concerns that the area under tillage in Ireland could shrink this year, said. This issue around land, the minister said, has “certainly” been affected by the nitrates challenge and seems to be putting pressure on tillage farmers in particular. “This has been an issue for a while now, in particular for farmers who might be facing a change in derogation and who are renting land in other places. “Tillage farmers simply cannot compete with the price dairy farmers can make in that way. “As a result, the policies continue to drive dairy farmers to increase the amount of nitrates they are using and they are renting land at extortionate prices to do that, which is worthwhile, and then preventing tillage farmers from being able to rent more land. “From what the minister says, there does not seem to be any plan to address that,” Deputy Cairns said in a recent Dáil debate with the minister. In response to Deputy Cairns, Minister McConalogue said he will raise the issue in Europe to see see if Ireland can get “additional flexibility”. Because of the situation in dairy, she said it is “financially worthwhile” for dairy farmers to rent land and potentially not even use it, in order that they can apply more nitrates.“If the nitrates are not even being applied to that area of land, it does not do anything to protect the water quality in a particular area, which is the entire purpose of having a limit on the amount of nitrates that can be used,” she said. Reaffirming his commitment to Ireland’s domestic tillage sector, which is one of the most carbon-efficient sectors in Irish agriculture, the minister said he wants to see the sector grow in the years ahead. The recently established Food Vision 2030 Tillage Group has been tasked to “urgently” set out a road map for the sustainable growth and development of the sector up to 2030, he said. Challenges in the sector, including access to land, will be discussed by the group and its recommendations will be “fully considered” by Minister McConalogue. The minister highlighted that the Tillage Incentive Scheme (TIS), which was introduced last year, contributed to an increase in the tillage area of 20, 000ha, or approximately 6% on 2021. “We all know that there is not enough joined-up thinking for the tillage sector. It is completely undervalued. It is carbon neutral. “We are importing food and feed from all over the world and there is no real or meaningful effort to encourage more people to go into tillage in Ireland,” Deputy Cairns said.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Reduced demand from China hits Fonterra forecast milk priceFonterra has again cut its forecast farmgate milk price for the current season due to reduced short-term dairy product demand, particularly from China. The New Zealand co-operative narrowed the forecast range for the 2022/23 season from NZ$8.00 – NZ $8.60/kg of milk solids to NZ$8.10 – NZ$8.30 and reduced the midpoint from NZ$8.30/kg of milk solids to NZ$8.20. “We’re well through the season now, with almost all of our milk contracted, giving us more certainty on where we’ll end the season. “Global Dairy Trade (GDT) prices have not recovered to the levels required to hold the previous midpoint for this season,” Miles Hurrell, Fonterra chief executive, said. Hurrell said that the co-op had increased its full year earnings guidance as it expects demand to “gradually strengthen” as China’s economy continues to recover from the Covid-19 pandemic. “The opening forecast farmgate milk price for next season of NZ$7.25 to NZ$8.75/kg of milk solids, with a midpoint of NZ$8.00/kg of milk solids, reflects an expectation that China’s demand for whole milk powder will lift over the medium-term.” However, the Fonterra chief executive warned that the timing and extent of the recovery remains uncertain as China’s in-market whole milk powder stocks are estimated to be above normal levels due to increased domestic production.“This is reflected in our wide opening forecast range for the season,” he added. In recognition of the current pressure facing its milk suppliers, Fonterra has developed a new advance rate guideline “to get cash to farmers earlier in the season”. “Our strong balance sheet allows us to make these changes and we will be using this new Advance Rate guideline going forward, starting with the season about to commence,” Hurrell said. Meanwhile, Fonterra has also reported a profit after tax of NZ$1.3 billion for the third quarter (Q3) of the 2023 fiscal year (FY23). This is up NZ$854 million on the same period last year and includes the proceeds of the sale of its Chilean business, Soprole worth NZ$260 million. “Excluding the net gain from divestments, our normalised profit after tax improved on last year, up $606 million to NZ$1, 078 million, equivalent to 65 cents per share. “This is due to strong performance in our ingredients channel, with continued higher margins in our cheese and protein portfolio, particularly casein and caseinate,” Hurrell said. Fonterra confirmed that it was lifting its FY23 full year forecast normalised earnings to 65-80 cents per share from 55-75 cents per share, adding that it remains on track for a strong full year dividend. “With the sale of Soprole now complete, we are bringing forward payment of our proposed capital return of around 50 cents per share and unit from October 2023 to August 2023,” Hurrell said. This move, which requires a vote by shareholders and approval from the New Zealand High Court, will be worth around NZ$800 million. Fonterra said it was continuing to take steps towards its sustainability goals and will announce “a scope 3, or on-farm emissions target” in the middle of this year. “Meetings are underway with farmers where we’re sharing more information on what a target will look like and how we can collectively achieve it,” Hurrell said.
### Response:
YES
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YES
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Reduced demand from China hits Fonterra forecast milk priceFonterra has again cut its forecast farmgate milk price for the current season due to reduced short-term dairy product demand, particularly from China. The New Zealand co-operative narrowed the forecast range for the 2022/23 season from NZ$8.00 – NZ $8.60/kg of milk solids to NZ$8.10 – NZ$8.30 and reduced the midpoint from NZ$8.30/kg of milk solids to NZ$8.20. “We’re well through the season now, with almost all of our milk contracted, giving us more certainty on where we’ll end the season. “Global Dairy Trade (GDT) prices have not recovered to the levels required to hold the previous midpoint for this season,” Miles Hurrell, Fonterra chief executive, said. Hurrell said that the co-op had increased its full year earnings guidance as it expects demand to “gradually strengthen” as China’s economy continues to recover from the Covid-19 pandemic. “The opening forecast farmgate milk price for next season of NZ$7.25 to NZ$8.75/kg of milk solids, with a midpoint of NZ$8.00/kg of milk solids, reflects an expectation that China’s demand for whole milk powder will lift over the medium-term.” However, the Fonterra chief executive warned that the timing and extent of the recovery remains uncertain as China’s in-market whole milk powder stocks are estimated to be above normal levels due to increased domestic production.“This is reflected in our wide opening forecast range for the season,” he added. In recognition of the current pressure facing its milk suppliers, Fonterra has developed a new advance rate guideline “to get cash to farmers earlier in the season”. “Our strong balance sheet allows us to make these changes and we will be using this new Advance Rate guideline going forward, starting with the season about to commence,” Hurrell said. Meanwhile, Fonterra has also reported a profit after tax of NZ$1.3 billion for the third quarter (Q3) of the 2023 fiscal year (FY23). This is up NZ$854 million on the same period last year and includes the proceeds of the sale of its Chilean business, Soprole worth NZ$260 million. “Excluding the net gain from divestments, our normalised profit after tax improved on last year, up $606 million to NZ$1, 078 million, equivalent to 65 cents per share. “This is due to strong performance in our ingredients channel, with continued higher margins in our cheese and protein portfolio, particularly casein and caseinate,” Hurrell said. Fonterra confirmed that it was lifting its FY23 full year forecast normalised earnings to 65-80 cents per share from 55-75 cents per share, adding that it remains on track for a strong full year dividend. “With the sale of Soprole now complete, we are bringing forward payment of our proposed capital return of around 50 cents per share and unit from October 2023 to August 2023,” Hurrell said. This move, which requires a vote by shareholders and approval from the New Zealand High Court, will be worth around NZ$800 million. Fonterra said it was continuing to take steps towards its sustainability goals and will announce “a scope 3, or on-farm emissions target” in the middle of this year. “Meetings are underway with farmers where we’re sharing more information on what a target will look like and how we can collectively achieve it,” Hurrell said.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India’s sugar output next season may rise to 36 million tonnes, says USDAIndia’s sugar production is projected to increase by 4 million tonnes (mt) to 36 mt in 2023-34 season (October 2023-September 2024), the US Department of Agriculture (USDA) has said. But the output could be affected in the case of El Niño turning out to be a strong event in Asia, say analysts.“India’s production is estimated up 4 mt to 36 mt on higher sugarcane area and yields. Consumption is anticipated to be up on increased demand from bulk buyers and processed food manufacturers,” the USDA said in its bi-annual “Sugar: World Markets and Trade” report. India’s sugar production in the 2022-23 season has been estimated at 32.8 mt, down from 3.8 mt last season, by the Indian Sugar Mills Association (ISMA), a body of private mills. The output was initially estimated over 36 mt. This season, India’s sugar production was affected by unseasonal rains affecting production in Maharashtra and Karnataka. ISMA will likely come up with its projections on 2023-24 sugar production in July. Research agency BMI, a unit of Fitch Solutions, said in India, on an average, a climatic shift to El Niño brings about below-average precipitation levels during monsoon season. This is not always the case, though, it said. “Looking at India’s sugar output during a strong El Niño 2015-16, domestic production declined sharply, falling by around 10 per cent,” BMI said. Similarly, output was hampered in other important Asian markets, including Thailand, where output was also curbed by approximately 10 per cent during the last strong El Niño, it said, noting that a transition to El Niño could have significant consequences for major sugar-producing countries. Tarun Sawhney, Vice-Chairman and Managing Director, Triveni Engineering and Industries Ltd, said El Nino might have some impact. “But from a sugar perspective, I think we will still have surplus sugar in the country. We will have enough sugarcane to meet the ethanol blending programme and we will have surpluses,” he told businessline. Triveni Engineering owns seven sugar mills in Uttar Pradesh. The USDA in its report said global sugar production is forecast up 10.6 mt at 187.9 mt with higher production in Brazil and India more than offsetting a decline in Russia.International sugar broking firm Czarnikov’s portal Czapp has projected the commodity’s production next season at 178.8 mt. This is lower than its April estimates as it expects El Nino to affect the crop in Thailand. BMI forecasts that if weather conditions are favourable, there could be a 6.9 mt sugar surplus in 2023-24. However, during the 2015-16 El Niño, global production contracted by 7.1 per cent year-on-year, which applied to its 2023-24 production figures, would suggest that global production balance forecasts will swing from a surplus to a deficit. One of the fears as regards the 2023-24 season is increasing consumption and demand-supply balance. The USDA has projected global demand rising to 180.04 mt. This will leave ending stocks at 33.45 mt. Czapp sees consumption outstripping supply at 178.9 mt.Indian demand is projected to top 31 mt by USDA, while it may export 7 mt against 6.1 mt this year. “Exports are expected to rise only slightly on the likelihood that the government maintains export caps to control inflation,” it said. In 2021-22 and 2022-23 seasons, India capped sugar exports to ensure ample supply in the domestic market. In 2021-22, exports were capped at 10 mt, though eventually 11.2 mt were shipped out. This season, exports were capped at 6 mt. “If India does not export sugar next season, global prices could go up substantially,” said Sawhney. BMI said, “Looking at Brazil, while an El Niño event would typically lead to increased rainfall in the world’s largest producer, as it did in 2015-16, heavy rain will delay the progress of the country’s harvest, which runs from May to December.”However, as yet, the strength of the looming El Niño remains unclear, and much will depend on the severity of it, the research agency said. “Should it be a strong El Niño, we expect global production to be further constrained and concerns to grow over global supply, ensuring that prices find further support,” BMI said. Comments
### Response:
YES
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YES
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India’s sugar output next season may rise to 36 million tonnes, says USDAIndia’s sugar production is projected to increase by 4 million tonnes (mt) to 36 mt in 2023-34 season (October 2023-September 2024), the US Department of Agriculture (USDA) has said. But the output could be affected in the case of El Niño turning out to be a strong event in Asia, say analysts.“India’s production is estimated up 4 mt to 36 mt on higher sugarcane area and yields. Consumption is anticipated to be up on increased demand from bulk buyers and processed food manufacturers,” the USDA said in its bi-annual “Sugar: World Markets and Trade” report. India’s sugar production in the 2022-23 season has been estimated at 32.8 mt, down from 3.8 mt last season, by the Indian Sugar Mills Association (ISMA), a body of private mills. The output was initially estimated over 36 mt. This season, India’s sugar production was affected by unseasonal rains affecting production in Maharashtra and Karnataka. ISMA will likely come up with its projections on 2023-24 sugar production in July. Research agency BMI, a unit of Fitch Solutions, said in India, on an average, a climatic shift to El Niño brings about below-average precipitation levels during monsoon season. This is not always the case, though, it said. “Looking at India’s sugar output during a strong El Niño 2015-16, domestic production declined sharply, falling by around 10 per cent,” BMI said. Similarly, output was hampered in other important Asian markets, including Thailand, where output was also curbed by approximately 10 per cent during the last strong El Niño, it said, noting that a transition to El Niño could have significant consequences for major sugar-producing countries. Tarun Sawhney, Vice-Chairman and Managing Director, Triveni Engineering and Industries Ltd, said El Nino might have some impact. “But from a sugar perspective, I think we will still have surplus sugar in the country. We will have enough sugarcane to meet the ethanol blending programme and we will have surpluses,” he told businessline. Triveni Engineering owns seven sugar mills in Uttar Pradesh. The USDA in its report said global sugar production is forecast up 10.6 mt at 187.9 mt with higher production in Brazil and India more than offsetting a decline in Russia.International sugar broking firm Czarnikov’s portal Czapp has projected the commodity’s production next season at 178.8 mt. This is lower than its April estimates as it expects El Nino to affect the crop in Thailand. BMI forecasts that if weather conditions are favourable, there could be a 6.9 mt sugar surplus in 2023-24. However, during the 2015-16 El Niño, global production contracted by 7.1 per cent year-on-year, which applied to its 2023-24 production figures, would suggest that global production balance forecasts will swing from a surplus to a deficit. One of the fears as regards the 2023-24 season is increasing consumption and demand-supply balance. The USDA has projected global demand rising to 180.04 mt. This will leave ending stocks at 33.45 mt. Czapp sees consumption outstripping supply at 178.9 mt.Indian demand is projected to top 31 mt by USDA, while it may export 7 mt against 6.1 mt this year. “Exports are expected to rise only slightly on the likelihood that the government maintains export caps to control inflation,” it said. In 2021-22 and 2022-23 seasons, India capped sugar exports to ensure ample supply in the domestic market. In 2021-22, exports were capped at 10 mt, though eventually 11.2 mt were shipped out. This season, exports were capped at 6 mt. “If India does not export sugar next season, global prices could go up substantially,” said Sawhney. BMI said, “Looking at Brazil, while an El Niño event would typically lead to increased rainfall in the world’s largest producer, as it did in 2015-16, heavy rain will delay the progress of the country’s harvest, which runs from May to December.”However, as yet, the strength of the looming El Niño remains unclear, and much will depend on the severity of it, the research agency said. “Should it be a strong El Niño, we expect global production to be further constrained and concerns to grow over global supply, ensuring that prices find further support,” BMI said. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Copper Scrap Rod Consumption Weakened As Price Spread Between Copper Cathode Rod and Copper Rod Produced With Copper Scrap Remained Below Advantage LevelAs of Friday, copper rod produced with copper scrap in Jiangxi was quoted with a premium of 140 yuan/mt against SHFE front-month copper contract prices.
### Response:
YES
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YES
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Copper Scrap Rod Consumption Weakened As Price Spread Between Copper Cathode Rod and Copper Rod Produced With Copper Scrap Remained Below Advantage LevelAs of Friday, copper rod produced with copper scrap in Jiangxi was quoted with a premium of 140 yuan/mt against SHFE front-month copper contract prices.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Why Is GM Mustard Need of the Hour?Mustard has a special status in India as its part of our tradition and exclusive cooking oil for certain cuisines. (Photo Courtesy- Unsplash) India’s dependence on edible oil imports to meet its growing domestic demand has been a cause of concern over the years. The government has been encouraging farmers to take up oilseed production to bridge the gap between production and consumption. These efforts have yielded some results and oilseed production has increased in recent years, especially for soybean and mustard but we are a long way from self-reliance in oilseeds. India is expected to import 14.37 million tonnes (mt) of vegetable oil in 2022-23 compared to 14.07 mt that was imported in 2021-22. Though this is an improvement on 15.32 mt imported in 2016-17, it remains the prime guzzler of foreign currency. Soybean and mustard are the major crops forming 35 and 32 percent respectively of the total oilseed production. Mustard has a special status in India as its part of our tradition and exclusive cooking oil for certain cuisines. Even though multiple mustard varieties and hybrids are available, its production is much below the global average. Mustard is also severely impacted by fungal diseases and insect infestation as well as abiotic stresses like high temperature, soil salinity, and drought. Breeding for high-yielding, resilient varieties is the way forward for mustard. Development of hybrids with higher vigor and yields has been done in mustard but the process is complex in a self-pollinating plant like mustard. It requires the use of a male sterile line as the female parent, but natural male sterility is difficult to come by and a rare occurrence. Related Links GM Mustard Oil is Safe for Consumption, says Expert Mustard oil extracted from the seeds of the genetically modified mustard plant is safe to consume, says Prof M Sivanandham,… <iframe id='google_ads_frame1'> Dr Ratna Kumria, Director- Agricultural Biotechnology, Alliance for Agri Innovation, a special interest group of the Federation of Seed Industry of India. The University of Delhi has overcome this bottleneck in GM mustard technology, using a two-gene system called barnase-barstar. The ‘barnase’ gene stops the development of pollen resulting in male sterility. This male sterile female is crossed with ‘barstar’ line that blocks the action of barnase to produce plants that are fertile and high yielding. DMH-11 hybrid was developed using barnase-barstar system with the Indian variety ‘Varuna’(barnase) and East-European variety ‘Early-Heera 2 (EH-2)’ (barstar). DMH-11 in its various trials has been shown to yield up to 28 -37% more than various zonal checks. Though the barnase-barstar technology has been used for hybrid production in other crops across the globe and the crops have been consumed for more than 25 years, the DMH-11 and its parent lines were rigorously tested and evaluated for toxicity and allergenicity due to novel gene inclusion. Multiple year and multiple location trials as well as food safety evaluation data were analyzed and considered by experts in GEAC before approving GM mustard for commercial cultivation and consumption. It is a fact that GM crops are safe to grow and consume. GM crops are the one of the most regulated technologies in the world. Numerous reviews and assessments by government regulators across the world have confirmed the safety of GM crops. Several international organizations such as the FAO, WHO, and OECD have repeatedly confirmed the safety of the biotech crops and foods derived from them to be as safe and nutritious as foods derived from conventionally or organically grown crops. The approval of GM mustard is a step in the right direction leading to self-sufficiency in oilseeds as well as attaining nutritional security. The barnase-barstar technology for hybrid production offers a great opportunity for improvement in mustard production. It can be used to efficiently develop hybrids with critical disease resistance and climate-resilient traits. High-yielding and high oil-producing hybrids will encourage farmers to take up mustard cultivation and further help address the gap between oilseed production and consumption in the country. First published on: 29 May 2023, 17:11 IST
### Response:
YES
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YES
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Why Is GM Mustard Need of the Hour?Mustard has a special status in India as its part of our tradition and exclusive cooking oil for certain cuisines. (Photo Courtesy- Unsplash) India’s dependence on edible oil imports to meet its growing domestic demand has been a cause of concern over the years. The government has been encouraging farmers to take up oilseed production to bridge the gap between production and consumption. These efforts have yielded some results and oilseed production has increased in recent years, especially for soybean and mustard but we are a long way from self-reliance in oilseeds. India is expected to import 14.37 million tonnes (mt) of vegetable oil in 2022-23 compared to 14.07 mt that was imported in 2021-22. Though this is an improvement on 15.32 mt imported in 2016-17, it remains the prime guzzler of foreign currency. Soybean and mustard are the major crops forming 35 and 32 percent respectively of the total oilseed production. Mustard has a special status in India as its part of our tradition and exclusive cooking oil for certain cuisines. Even though multiple mustard varieties and hybrids are available, its production is much below the global average. Mustard is also severely impacted by fungal diseases and insect infestation as well as abiotic stresses like high temperature, soil salinity, and drought. Breeding for high-yielding, resilient varieties is the way forward for mustard. Development of hybrids with higher vigor and yields has been done in mustard but the process is complex in a self-pollinating plant like mustard. It requires the use of a male sterile line as the female parent, but natural male sterility is difficult to come by and a rare occurrence. Related Links GM Mustard Oil is Safe for Consumption, says Expert Mustard oil extracted from the seeds of the genetically modified mustard plant is safe to consume, says Prof M Sivanandham,… <iframe id='google_ads_frame1'> Dr Ratna Kumria, Director- Agricultural Biotechnology, Alliance for Agri Innovation, a special interest group of the Federation of Seed Industry of India. The University of Delhi has overcome this bottleneck in GM mustard technology, using a two-gene system called barnase-barstar. The ‘barnase’ gene stops the development of pollen resulting in male sterility. This male sterile female is crossed with ‘barstar’ line that blocks the action of barnase to produce plants that are fertile and high yielding. DMH-11 hybrid was developed using barnase-barstar system with the Indian variety ‘Varuna’(barnase) and East-European variety ‘Early-Heera 2 (EH-2)’ (barstar). DMH-11 in its various trials has been shown to yield up to 28 -37% more than various zonal checks. Though the barnase-barstar technology has been used for hybrid production in other crops across the globe and the crops have been consumed for more than 25 years, the DMH-11 and its parent lines were rigorously tested and evaluated for toxicity and allergenicity due to novel gene inclusion. Multiple year and multiple location trials as well as food safety evaluation data were analyzed and considered by experts in GEAC before approving GM mustard for commercial cultivation and consumption. It is a fact that GM crops are safe to grow and consume. GM crops are the one of the most regulated technologies in the world. Numerous reviews and assessments by government regulators across the world have confirmed the safety of GM crops. Several international organizations such as the FAO, WHO, and OECD have repeatedly confirmed the safety of the biotech crops and foods derived from them to be as safe and nutritious as foods derived from conventionally or organically grown crops. The approval of GM mustard is a step in the right direction leading to self-sufficiency in oilseeds as well as attaining nutritional security. The barnase-barstar technology for hybrid production offers a great opportunity for improvement in mustard production. It can be used to efficiently develop hybrids with critical disease resistance and climate-resilient traits. High-yielding and high oil-producing hybrids will encourage farmers to take up mustard cultivation and further help address the gap between oilseed production and consumption in the country. First published on: 29 May 2023, 17:11 IST
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Wheat prices increase 2.3% as FCI procurement slows downWheat prices in the Indian domestic market have risen by 2.5% in the past week, causing challenges in achieving the targeted procurement of 27 million tonnes (mt) for the Central pool. The Agriculture Ministry had increased its production estimate for wheat by 0.5% to 112.74 mt on Thursday. However, officials state that wheat procurement has slowed down, with the Food Corporation of India (FCI) having procured 26.17 mt as of May 24. Punjab is the leading contributor, with farmers selling 12.57 mt of wheat to FCI before the procurement concluded. Madhya Pradesh (9.25 mt) and Haryana (6.31 mt) are also significant contributors to the Central pool. Concurrently, the weighted average price of wheat has risen to ₹2,272 per quintal, exceeding the minimum support price (MSP) of ₹2,215. Traders argue that the Centre's crop estimate does not seem reasonable, while millers are calling for the resumption of the Open Market Sale Scheme (OMSS).
### Response:
YES
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YES
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Wheat prices increase 2.3% as FCI procurement slows downWheat prices in the Indian domestic market have risen by 2.5% in the past week, causing challenges in achieving the targeted procurement of 27 million tonnes (mt) for the Central pool. The Agriculture Ministry had increased its production estimate for wheat by 0.5% to 112.74 mt on Thursday. However, officials state that wheat procurement has slowed down, with the Food Corporation of India (FCI) having procured 26.17 mt as of May 24. Punjab is the leading contributor, with farmers selling 12.57 mt of wheat to FCI before the procurement concluded. Madhya Pradesh (9.25 mt) and Haryana (6.31 mt) are also significant contributors to the Central pool. Concurrently, the weighted average price of wheat has risen to ₹2,272 per quintal, exceeding the minimum support price (MSP) of ₹2,215. Traders argue that the Centre's crop estimate does not seem reasonable, while millers are calling for the resumption of the Open Market Sale Scheme (OMSS).
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
China’s wheat quality taking hit from heavy rains ahead of harvestBEIJING, CHINA — Heavy rain just ahead of harvest in China’s central Henan province is increasing wheat prices and raising concerns about quality, Reuters reported. The rain is causing some of the wheat to sprout or become affected by blight, according to videos on social media and a local grain dealer. China is expected to harvest a crop that officials estimate will be at least as large as last year’s. The outlook coupled with a surge in imports pushed prices to a one-year low and attracted demand from animal feed producers. But now videos are showing water lying in fields and blackened kernels of wheat, a sign of blight, Reuters said. Wheat that is infected by Fusarium head blight cannot be fed to animals. More rain is forecast for this weekend in western Henan, according to China's Meteorological Administration.
### Response:
YES
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YES
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China’s wheat quality taking hit from heavy rains ahead of harvestBEIJING, CHINA — Heavy rain just ahead of harvest in China’s central Henan province is increasing wheat prices and raising concerns about quality, Reuters reported. The rain is causing some of the wheat to sprout or become affected by blight, according to videos on social media and a local grain dealer. China is expected to harvest a crop that officials estimate will be at least as large as last year’s. The outlook coupled with a surge in imports pushed prices to a one-year low and attracted demand from animal feed producers. But now videos are showing water lying in fields and blackened kernels of wheat, a sign of blight, Reuters said. Wheat that is infected by Fusarium head blight cannot be fed to animals. More rain is forecast for this weekend in western Henan, according to China's Meteorological Administration.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
US HDG imports down 13.9 percent in AprilAccording to preliminary census data from the US Department of Commerce, US imports of hot dipped galvanized sheet and strip totaled 143,965 mt in April 2023, down 13.9 percent from March and down 44.9 percent from April 2022 levels. By value, HDG imports totaled $186.5 million in April 2023, compared to $209.7 million in March and $384.4 million in April 2022. The US imported the most HDG from Canada in April, with 76,389 mt, compared to 86,656 mt in March and 81,387 mt in April 2022. Other top sources of imported HDG in April include Mexico, with 18,581 mt; Vietnam, with 7,191 mt; Brazil, with 4,975 mt; and South Korea, with 3,021 mt.
### Response:
NO
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NO
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US HDG imports down 13.9 percent in AprilAccording to preliminary census data from the US Department of Commerce, US imports of hot dipped galvanized sheet and strip totaled 143,965 mt in April 2023, down 13.9 percent from March and down 44.9 percent from April 2022 levels. By value, HDG imports totaled $186.5 million in April 2023, compared to $209.7 million in March and $384.4 million in April 2022. The US imported the most HDG from Canada in April, with 76,389 mt, compared to 86,656 mt in March and 81,387 mt in April 2022. Other top sources of imported HDG in April include Mexico, with 18,581 mt; Vietnam, with 7,191 mt; Brazil, with 4,975 mt; and South Korea, with 3,021 mt.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Mexico's steel GDP grows 3.0 percent in Q1The gross domestic product (GDP) of the steel industry in Mexico grew 3.0 percent year-on-year in the first quarter, the 10th consecutive annual increase, according to SteelOrbis' analysis of data from national statistics agency Inegi. The Mexican economy grew 3.7 percent in the same period, the eighth consecutive annual increase. Of the 32 subsectors by which Inegi divides the entire economy, the GDP of the steel industry or the Basic Metal Industries occupies the 17th position with a contribution of 1.05 percent of the total GDP ($1.59 trillion) of Mexico. Regarding the manufacturing industry (16.7 percent of total GDP), the steel industry is the fourth most important with a contribution of 6.2 percent, only surpassed by the chemical industry with 7.3 percent, manufacturing of computer equipment, communication and measurement with 9.4 percent; manufacture of transport equipment with 20.1 percent and the food industry with 23.9 percent of manufacturing GDP.
### Response:
NO
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NO
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Mexico's steel GDP grows 3.0 percent in Q1The gross domestic product (GDP) of the steel industry in Mexico grew 3.0 percent year-on-year in the first quarter, the 10th consecutive annual increase, according to SteelOrbis' analysis of data from national statistics agency Inegi. The Mexican economy grew 3.7 percent in the same period, the eighth consecutive annual increase. Of the 32 subsectors by which Inegi divides the entire economy, the GDP of the steel industry or the Basic Metal Industries occupies the 17th position with a contribution of 1.05 percent of the total GDP ($1.59 trillion) of Mexico. Regarding the manufacturing industry (16.7 percent of total GDP), the steel industry is the fourth most important with a contribution of 6.2 percent, only surpassed by the chemical industry with 7.3 percent, manufacturing of computer equipment, communication and measurement with 9.4 percent; manufacture of transport equipment with 20.1 percent and the food industry with 23.9 percent of manufacturing GDP.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
US raw steel production up 0.5 percent week-on-weekAccording to the American Iron and Steel Institute (AISI), in the week ending on May 27, 2023, US domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 77.2 percent. Production for the week ending May 27, 2023 is up 0.5 percent from the previous week ending May 20, 2023 when production was 1,728,000 net tons and the rate of capability utilization was 76.8 percent. Production was 1,771,000 net tons in the week ending May 27, 2022 while the capability utilization then was 81.1 percent. The current week production represents a 1.9 percent decrease from the same period in the previous year. Adjusted year-to-date production through May 27, 2023 was 35,352,000 net tons, at a capability utilization rate of 75.1 percent. That is down 3.9 percent from the 36,774,000 net tons during the same period last year, when the capability utilization rate was 80.5 percent.
### Response:
NO
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NO
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US raw steel production up 0.5 percent week-on-weekAccording to the American Iron and Steel Institute (AISI), in the week ending on May 27, 2023, US domestic raw steel production was 1,737,000 net tons while the capability utilization rate was 77.2 percent. Production for the week ending May 27, 2023 is up 0.5 percent from the previous week ending May 20, 2023 when production was 1,728,000 net tons and the rate of capability utilization was 76.8 percent. Production was 1,771,000 net tons in the week ending May 27, 2022 while the capability utilization then was 81.1 percent. The current week production represents a 1.9 percent decrease from the same period in the previous year. Adjusted year-to-date production through May 27, 2023 was 35,352,000 net tons, at a capability utilization rate of 75.1 percent. That is down 3.9 percent from the 36,774,000 net tons during the same period last year, when the capability utilization rate was 80.5 percent.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
MMi Daily Iron Ore Report (May 30)》Click to download the PDF and view the whole report
### Response:
NO
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NO
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MMi Daily Iron Ore Report (May 30)》Click to download the PDF and view the whole report
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
One Stainless Steel Plant In East China to Start Billet Production in Late JuneSHANGHAI, May 31 (SMM) – A stainless steel plant in east China will begin billet production on June 20.
### Response:
YES
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YES
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One Stainless Steel Plant In East China to Start Billet Production in Late JuneSHANGHAI, May 31 (SMM) – A stainless steel plant in east China will begin billet production on June 20.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Copper Prices Fell, Market Awaiting US Job DataLME copper prices closed at $8,115/mt last evening, down 0.29%. Trading volume was 16,000 lots and open interest stood at 257,000 lots. The most active SHFE 2307 copper contract prices finished at 64,840 yuan/mt last evening, down 0.14%. Trading volume was 44,000 lots and open interest stood at 197,000 lots.
### Response:
YES
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YES
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Copper Prices Fell, Market Awaiting US Job DataLME copper prices closed at $8,115/mt last evening, down 0.29%. Trading volume was 16,000 lots and open interest stood at 257,000 lots. The most active SHFE 2307 copper contract prices finished at 64,840 yuan/mt last evening, down 0.14%. Trading volume was 44,000 lots and open interest stood at 197,000 lots.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
ISA: India's steel demand to grow 7.5% in FY'24Driven by the strong economic growth, India's steel demand is expected to increase 7.5% to approximate 129 million tonnes in the fiscal year 2024 (April 1 2023-March 31 2024), according to the latest forecast by Indian Steel Association (ISA).
### Response:
NO
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NO
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ISA: India's steel demand to grow 7.5% in FY'24Driven by the strong economic growth, India's steel demand is expected to increase 7.5% to approximate 129 million tonnes in the fiscal year 2024 (April 1 2023-March 31 2024), according to the latest forecast by Indian Steel Association (ISA).
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Taiwan CSC's carbon steel sales dip 1% MoM in AprilThe volume of carbon steel items sold by China Steel Corp (CSC), Taiwan's top integrated steel producer headquartered in Kaohsiung in southern Taiwan, decreased by 5,756 tonnes or 1% on month to 685,588 tonnes in April, according to the company's latest release published on May 29.
### Response:
YES
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YES
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Taiwan CSC's carbon steel sales dip 1% MoM in AprilThe volume of carbon steel items sold by China Steel Corp (CSC), Taiwan's top integrated steel producer headquartered in Kaohsiung in southern Taiwan, decreased by 5,756 tonnes or 1% on month to 685,588 tonnes in April, according to the company's latest release published on May 29.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Peanuts: disappointment over government decisionPrices continue to declineAfter the steep drop in recent weeks, prices in the Indian market have again fallen slightly. Growers are disappointed by the government's decision to lift import duties on various agricultural products, which had just started to support the peanut market. This is slowing trade and is likely to drive prices down further. In addition, there is likely to be a large crop: in Gujarat, 70,000-80,000 mt are expected, in Uttar Pradesh even 200,000 mt. West Bengal is also likely to achieve a record production.High edible oil impor
### Response:
YES
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YES
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Peanuts: disappointment over government decisionPrices continue to declineAfter the steep drop in recent weeks, prices in the Indian market have again fallen slightly. Growers are disappointed by the government's decision to lift import duties on various agricultural products, which had just started to support the peanut market. This is slowing trade and is likely to drive prices down further. In addition, there is likely to be a large crop: in Gujarat, 70,000-80,000 mt are expected, in Uttar Pradesh even 200,000 mt. West Bengal is also likely to achieve a record production.High edible oil impor
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
NMDC slashes iron ore lump rate by Rs 300/tonne; fines Rs 450 per tonneiron ore State-owned NMDC on Tuesday said it has slashed iron ore lump and its fines rates by Rs 300 and Rs 450 per tonne, respectively. It has fixed the price of lump ore at Rs 3,900 per tonne and fines at Rs 3,560 a tonne, the country's largest iron ore miner said in a regulatory filing. Lump ores or high-grade iron ores contain 65.53 per cent Fe (iron), while fines are inferior-grade ores with 64 per cent and less iron content. In the last price revision announced on April 29, NMDC fixed the rate of the lump at Rs 4,200 per tonne and that of fines at Rs 4,010 a tonne. The prices are effective from May 29 and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. According to research firm SteelMint, 'This price cut has brought NMDC iron ore prices to a 6-month low. The reduction is attributed largely to falling steel prices, which is a result of a weak global market. However, in the domestic market steel prices are higher compared to global prices. A price correction in the local market is expected soon'. Iron ore is one of the key raw materials used in the manufacturing of steel, and any movement in its prices has a direct impact on rates of steel, an alloy widely used in segments such as construction, infrastructure, automobile and railways. Hyderabad-based NMDC (formerly known as National Mineral Development Corporation) under the Ministry of Steel contributes around 17-20 per cent to India's total iron ore production. Related stories Buy NMDC; target of Rs 135: Motilal Oswal Iron ore mining in Goa may resume in 2023-24: CM Pramod Sawant Buy NMDC; target of Rs 125: Sharekhan Read More
### Response:
YES
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YES
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NMDC slashes iron ore lump rate by Rs 300/tonne; fines Rs 450 per tonneiron ore State-owned NMDC on Tuesday said it has slashed iron ore lump and its fines rates by Rs 300 and Rs 450 per tonne, respectively. It has fixed the price of lump ore at Rs 3,900 per tonne and fines at Rs 3,560 a tonne, the country's largest iron ore miner said in a regulatory filing. Lump ores or high-grade iron ores contain 65.53 per cent Fe (iron), while fines are inferior-grade ores with 64 per cent and less iron content. In the last price revision announced on April 29, NMDC fixed the rate of the lump at Rs 4,200 per tonne and that of fines at Rs 4,010 a tonne. The prices are effective from May 29 and exclude royalty, district mineral fund (DMF), National Mineral Exploration Trust (DMET), cess, forest permit fee and other taxes, the company said. According to research firm SteelMint, 'This price cut has brought NMDC iron ore prices to a 6-month low. The reduction is attributed largely to falling steel prices, which is a result of a weak global market. However, in the domestic market steel prices are higher compared to global prices. A price correction in the local market is expected soon'. Iron ore is one of the key raw materials used in the manufacturing of steel, and any movement in its prices has a direct impact on rates of steel, an alloy widely used in segments such as construction, infrastructure, automobile and railways. Hyderabad-based NMDC (formerly known as National Mineral Development Corporation) under the Ministry of Steel contributes around 17-20 per cent to India's total iron ore production. Related stories Buy NMDC; target of Rs 135: Motilal Oswal Iron ore mining in Goa may resume in 2023-24: CM Pramod Sawant Buy NMDC; target of Rs 125: Sharekhan Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
UP Farmers Embrace Black Wheat Cultivation in Response to Market ChallengesUP Farmers Embrace Black Wheat Cultivation in Response to Market Challenges (Photo Source: Pixabay) Farmers in the Shahjahanpur district of Uttar Pradesh are showing keen interest in cultivating black wheat, although the absence of a local market for this crop is proving to be a hindrance. Black wheat is a unique variety of wheat that contains a high quantity of anthocyanin, an antioxidant pigment that enhances its nutritional value. According to Umesh Pratap Singh, the District Magistrate of Shahjahanpur, this year over 200 farmers across the district cultivated black wheat on more than 250 acres of land. At the local level, the wheat is being purchased for Rs 6,000 per quintal, while in larger cities it is sold for Rs 10,000 to Rs 12,000 per quintal. The district administration is making efforts to ensure that farmers benefit from the crop at the local level. One farmer, Prem Shankar Gangwar from Tilhar, grew black wheat on one acre of land as an experimental venture. He also established a food processing unit where black wheat is used to make biscuits instead of regular flour. Gangwar mentioned that black wheat flour has become a popular and healthier alternative to traditional flour. Although it has a unique taste, it is highly nutritious. As the wheat ripens, its grains turn black, resembling the appearance of sattu, a flour made from gram. Shyam Bahadur Singh, the Chief Development Officer of Shahjahanpur, stated that information about cultivating black wheat is being disseminated to farmers in all the villages. The agriculture department not only provides farmers with the necessary seeds but has also formed a team to train them in cultivating this variety. The team conducts inspections, offers guidance on proper crop maintenance, and ensures farmers have the required knowledge for successful cultivation. Related Links 'Irrigate Wheat Field Lightly,' Advises IIWBR to Wheat Farmers With minimum temperatures in Punjab and Haryana hovering above normal, the Karnal-based ICAR-Indian Institute of Wheat and Barley Research (IIWBR)… <iframe id='google_ads_frame1'> Rakesh Pandey, another farmer, shared that black wheat is being cultivated on a significant scale in Kalan, Tilhar, and Powaya tehsils of the district with the support of the local administration. Pandey believes that if processing units are established in the area or if farmers gain access to a market, their income could more than double. Avadhesh Verma, a farmer from Dadraul, faced challenges due to the absence of a local market for black wheat. However, he managed to sell his crop for Rs 80-100 per kilogram in the online market. Recognizing this issue, the District Magistrate expressed the need to encourage farmers to grow black wheat to increase their income. The installation of food processing units for black wheat will be discussed in the upcoming meeting of 'Udyog Bandhu,' an organization of the Uttar Pradesh government that assists in resolving issues faced by industries and promotes investments. Efforts are being made to establish connections between agricultural officials and traders to facilitate the purchase of black wheat. Once processing units are set up in the region, more farmers will benefit from this promising crop. Despite the current market challenges, the cultivation of black wheat in Shahjahanpur holds tremendous potential for the agricultural community, promising improved livelihoods and increased nutritional value for consumers. First published on: 29 May 2023, 23:01 IST
### Response:
YES
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YES
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UP Farmers Embrace Black Wheat Cultivation in Response to Market ChallengesUP Farmers Embrace Black Wheat Cultivation in Response to Market Challenges (Photo Source: Pixabay) Farmers in the Shahjahanpur district of Uttar Pradesh are showing keen interest in cultivating black wheat, although the absence of a local market for this crop is proving to be a hindrance. Black wheat is a unique variety of wheat that contains a high quantity of anthocyanin, an antioxidant pigment that enhances its nutritional value. According to Umesh Pratap Singh, the District Magistrate of Shahjahanpur, this year over 200 farmers across the district cultivated black wheat on more than 250 acres of land. At the local level, the wheat is being purchased for Rs 6,000 per quintal, while in larger cities it is sold for Rs 10,000 to Rs 12,000 per quintal. The district administration is making efforts to ensure that farmers benefit from the crop at the local level. One farmer, Prem Shankar Gangwar from Tilhar, grew black wheat on one acre of land as an experimental venture. He also established a food processing unit where black wheat is used to make biscuits instead of regular flour. Gangwar mentioned that black wheat flour has become a popular and healthier alternative to traditional flour. Although it has a unique taste, it is highly nutritious. As the wheat ripens, its grains turn black, resembling the appearance of sattu, a flour made from gram. Shyam Bahadur Singh, the Chief Development Officer of Shahjahanpur, stated that information about cultivating black wheat is being disseminated to farmers in all the villages. The agriculture department not only provides farmers with the necessary seeds but has also formed a team to train them in cultivating this variety. The team conducts inspections, offers guidance on proper crop maintenance, and ensures farmers have the required knowledge for successful cultivation. Related Links 'Irrigate Wheat Field Lightly,' Advises IIWBR to Wheat Farmers With minimum temperatures in Punjab and Haryana hovering above normal, the Karnal-based ICAR-Indian Institute of Wheat and Barley Research (IIWBR)… <iframe id='google_ads_frame1'> Rakesh Pandey, another farmer, shared that black wheat is being cultivated on a significant scale in Kalan, Tilhar, and Powaya tehsils of the district with the support of the local administration. Pandey believes that if processing units are established in the area or if farmers gain access to a market, their income could more than double. Avadhesh Verma, a farmer from Dadraul, faced challenges due to the absence of a local market for black wheat. However, he managed to sell his crop for Rs 80-100 per kilogram in the online market. Recognizing this issue, the District Magistrate expressed the need to encourage farmers to grow black wheat to increase their income. The installation of food processing units for black wheat will be discussed in the upcoming meeting of 'Udyog Bandhu,' an organization of the Uttar Pradesh government that assists in resolving issues faced by industries and promotes investments. Efforts are being made to establish connections between agricultural officials and traders to facilitate the purchase of black wheat. Once processing units are set up in the region, more farmers will benefit from this promising crop. Despite the current market challenges, the cultivation of black wheat in Shahjahanpur holds tremendous potential for the agricultural community, promising improved livelihoods and increased nutritional value for consumers. First published on: 29 May 2023, 23:01 IST
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Oil edges up after steep losses ahead of US debt ceiling voteBrent crude futures for August delivery rose 11 cents to $73.82 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude (WTI) gained 8 cents to $69.54 a barrel. Both fell more than 4% on Tuesday. Brent's July contract, which expires on Wednesday, and the U.S. benchmark were on track for monthly declines of more than 7% and 9%, respectively.Top congressional Republican Kevin McCarthy on Tuesday urged members of his party to support the deal even as he faced a direct challenge from some, which weighed on oil prices during the previous session. Still, a key party hardliner said he would likely support the measure in a critical procedural vote, which would allow it to clear a pivotal House of Representatives Rules Committee with a Republican majority. The committee was due to vote later on whether to advance the 99-page bill.The debt deadline nearly coincides with the June 4 meeting of OPEC+ - the Organization of the Petroleum Exporting Countries and allies including Russia. Traders were uncertain about whether the group will increase output cuts as a slump in prices weighs on the market. Saudi Arabian Energy Minister Abdulaziz bin Salman last week warned short-sellers betting oil prices would fall to 'watch out' in a possible signal that OPEC+ may cut output.However, comments from Russian oil officials and sources, including Deputy Prime Minister Alexander Novak, indicate the world's third-largest oil producer is leaning toward leaving output unchanged.In April, Saudi Arabia and other members of OPEC+ announced further oil output cuts of around 1.2 million barrels per day (bpd), bringing the total volume of cuts by OPEC+ to 3.66 million bpd, according to Reuters calculations.Market participants also awaited industry data on U.S. crude stockpiles due later on Wednesday. The data was delayed by a day because of a U.S. holiday earlier this week. Seven analysts polled by Reuters estimated on average that crude inventories fell by about 1.2 million barrels in the week to May 26. [EIA/S]
### Response:
YES
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YES
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Oil edges up after steep losses ahead of US debt ceiling voteBrent crude futures for August delivery rose 11 cents to $73.82 a barrel by 0013 GMT, while U.S. West Texas Intermediate crude (WTI) gained 8 cents to $69.54 a barrel. Both fell more than 4% on Tuesday. Brent's July contract, which expires on Wednesday, and the U.S. benchmark were on track for monthly declines of more than 7% and 9%, respectively.Top congressional Republican Kevin McCarthy on Tuesday urged members of his party to support the deal even as he faced a direct challenge from some, which weighed on oil prices during the previous session. Still, a key party hardliner said he would likely support the measure in a critical procedural vote, which would allow it to clear a pivotal House of Representatives Rules Committee with a Republican majority. The committee was due to vote later on whether to advance the 99-page bill.The debt deadline nearly coincides with the June 4 meeting of OPEC+ - the Organization of the Petroleum Exporting Countries and allies including Russia. Traders were uncertain about whether the group will increase output cuts as a slump in prices weighs on the market. Saudi Arabian Energy Minister Abdulaziz bin Salman last week warned short-sellers betting oil prices would fall to 'watch out' in a possible signal that OPEC+ may cut output.However, comments from Russian oil officials and sources, including Deputy Prime Minister Alexander Novak, indicate the world's third-largest oil producer is leaning toward leaving output unchanged.In April, Saudi Arabia and other members of OPEC+ announced further oil output cuts of around 1.2 million barrels per day (bpd), bringing the total volume of cuts by OPEC+ to 3.66 million bpd, according to Reuters calculations.Market participants also awaited industry data on U.S. crude stockpiles due later on Wednesday. The data was delayed by a day because of a U.S. holiday earlier this week. Seven analysts polled by Reuters estimated on average that crude inventories fell by about 1.2 million barrels in the week to May 26. [EIA/S]
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Oil dips further after sharp losses as weak Chinese data weighsChina’s manufacturing sector shrank for a second straight month in May, while growth in overall business activity also contracted as a post-COVID economic rebound in the country ran out of steam.The readings pushed up concerns over slowing oil demand in the world’s largest crude importer, and raised questions over whether a rebound in the country will drive oil demand to record highs this year.The data came after concerns over slowing global growth and uncertainty over a U.S. debt default triggered a 4% slide in oil prices on Tuesday. While top Republican and Democrat lawmakers signaled they had reached an agreement to raise the debt ceiling, the deal still faces a vote in Congress later in the day. This also comes just days before a June 5 deadline for a U.S. default, which could have devastating implications for the global economy. Brent oil futures fell 0.3% to $73.52 a barrel, while West Texas Intermediate crude futures fell 0.3% to $69.27 a barrel by 22:16 ET (02:16 GMT). Both contracts were trading at near one-month lows. Sentiment was also on edge ahead of a meeting of the Organization of Petroleum Exporting Countries this weekend, as contrasting statements from Russia and Saudi Arabia saw markets grow uncertain over the cartel’s plan for more production cuts.The cartel had unexpectedly cut production in April, with the cuts having gone into effect only earlier in May. But production and exports in Russia have still remained largely steady, with the country being a major supplier to India and China.Uncertainty over supply and fears of weakening demand put oil prices on course for a fifth straight month of losses in May, with Brent and WTI contracts down between 7% and 10%. Oil prices are trading down over 10% for the year so far.A strong dollar also weighed on crude markets, amid expectations that the Federal Reserve will keep raising rates in the coming months. Focus is now on U.S. nonfarm payrolls data, due this Friday, for more cues on that end.
### Response:
YES
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YES
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Oil dips further after sharp losses as weak Chinese data weighsChina’s manufacturing sector shrank for a second straight month in May, while growth in overall business activity also contracted as a post-COVID economic rebound in the country ran out of steam.The readings pushed up concerns over slowing oil demand in the world’s largest crude importer, and raised questions over whether a rebound in the country will drive oil demand to record highs this year.The data came after concerns over slowing global growth and uncertainty over a U.S. debt default triggered a 4% slide in oil prices on Tuesday. While top Republican and Democrat lawmakers signaled they had reached an agreement to raise the debt ceiling, the deal still faces a vote in Congress later in the day. This also comes just days before a June 5 deadline for a U.S. default, which could have devastating implications for the global economy. Brent oil futures fell 0.3% to $73.52 a barrel, while West Texas Intermediate crude futures fell 0.3% to $69.27 a barrel by 22:16 ET (02:16 GMT). Both contracts were trading at near one-month lows. Sentiment was also on edge ahead of a meeting of the Organization of Petroleum Exporting Countries this weekend, as contrasting statements from Russia and Saudi Arabia saw markets grow uncertain over the cartel’s plan for more production cuts.The cartel had unexpectedly cut production in April, with the cuts having gone into effect only earlier in May. But production and exports in Russia have still remained largely steady, with the country being a major supplier to India and China.Uncertainty over supply and fears of weakening demand put oil prices on course for a fifth straight month of losses in May, with Brent and WTI contracts down between 7% and 10%. Oil prices are trading down over 10% for the year so far.A strong dollar also weighed on crude markets, amid expectations that the Federal Reserve will keep raising rates in the coming months. Focus is now on U.S. nonfarm payrolls data, due this Friday, for more cues on that end.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Underutilization of land results to low sugarcane production in FijiSugarcane production in Fiji is declining due to the underutilization of sugarcane land, reports Fiji Times. As per the records provided by the Fiji Sugar Corporation, around 30,306 hectares of cane land is vacant or underutilization. The Ministry of Finance, Strategic Planning, National Development, and Statistics has stated that the conversation of Agriculture land for use of residential and commercial purposes is one of the major reasons for declining areas under cane cultivation. The decrease in cane production is due to the unavailability of high-quality seeds cane and the slow uptake of new varieties by farmers, said the Ministry report. The sugar industry was once the backbone of Fiji’s economy in the 1990s when it contributed 4% of the total GDP of the country. Now the contribution of the sugarcane sector has been lowered to 1.1% to the nation’s GDP in 2021.
### Response:
YES
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YES
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Underutilization of land results to low sugarcane production in FijiSugarcane production in Fiji is declining due to the underutilization of sugarcane land, reports Fiji Times. As per the records provided by the Fiji Sugar Corporation, around 30,306 hectares of cane land is vacant or underutilization. The Ministry of Finance, Strategic Planning, National Development, and Statistics has stated that the conversation of Agriculture land for use of residential and commercial purposes is one of the major reasons for declining areas under cane cultivation. The decrease in cane production is due to the unavailability of high-quality seeds cane and the slow uptake of new varieties by farmers, said the Ministry report. The sugar industry was once the backbone of Fiji’s economy in the 1990s when it contributed 4% of the total GDP of the country. Now the contribution of the sugarcane sector has been lowered to 1.1% to the nation’s GDP in 2021.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Ramgarh sugar mill makes full cane paymentSandana (Sitapur): Ramgarh unit of Dalmia Bharat Sugar and Industries has paid all the pending cane dues of the cane farmers for the 2022-23 crushing season, reports Deputy Director of the mill Aga Ashif Beg said that the mill had purchased 120.13 lakh quintals of sugarcane from the farmers for the ongoing crushing season and had paid a total of Rs 416.87 crore to the farmers against this purchase. The mill had sent the last instalment of Rs 13 crore to the bank accounts of the farmers on May 29.
### Response:
YES
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YES
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Ramgarh sugar mill makes full cane paymentSandana (Sitapur): Ramgarh unit of Dalmia Bharat Sugar and Industries has paid all the pending cane dues of the cane farmers for the 2022-23 crushing season, reports Deputy Director of the mill Aga Ashif Beg said that the mill had purchased 120.13 lakh quintals of sugarcane from the farmers for the ongoing crushing season and had paid a total of Rs 416.87 crore to the farmers against this purchase. The mill had sent the last instalment of Rs 13 crore to the bank accounts of the farmers on May 29.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Jaggery production fetches higher earnings in MuzaffarnagarMuzaffarnagar: According to a report by Amar Ujala, jaggery production seems more lucrative as it is fetching higher earnings. While sugar is being sold at Rs 36 per kg, jaggery is being sold at Rs 41 per kg in the local market. The prices of jaggery have risen following unseasonal rainfall in May, and this upward trend has continued since May 8. Sanjay Mittal, the president of the jaggery market association, noted a decrease in jaggery production compared to the previous year. This trend is observed not only in Muzaffarnagar but also in other jaggery-producing regions of the state. Shyam Singh Saini, the minister of the jaggery market association, revealed that there are seven cold storages in the district. Currently, around 12,27,406 units of jaggery are stored in these facilities, whereas the storage quantity last year amounted to approximately 15,39,625 units.
### Response:
YES
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YES
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Jaggery production fetches higher earnings in MuzaffarnagarMuzaffarnagar: According to a report by Amar Ujala, jaggery production seems more lucrative as it is fetching higher earnings. While sugar is being sold at Rs 36 per kg, jaggery is being sold at Rs 41 per kg in the local market. The prices of jaggery have risen following unseasonal rainfall in May, and this upward trend has continued since May 8. Sanjay Mittal, the president of the jaggery market association, noted a decrease in jaggery production compared to the previous year. This trend is observed not only in Muzaffarnagar but also in other jaggery-producing regions of the state. Shyam Singh Saini, the minister of the jaggery market association, revealed that there are seven cold storages in the district. Currently, around 12,27,406 units of jaggery are stored in these facilities, whereas the storage quantity last year amounted to approximately 15,39,625 units.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Govt. fixes 23.50 LMT monthly sugar quota for domestic sale in...In a notification issued on 30th day of May 2023, the food ministry has allocated 23.50 LMT monthly sugar quota for June 2023 to 560 sugar mills which is 2.50 LMT higher than the quantity allocated in June 2022. Market experts anticipate a stable market ahead, as the government has released more 2.50 LMT of sugar compared to the quota of June 2022. They stressed that this move reflects government is keen to keep prices under control, leaving minimal space for price rise. The group sugar producing companies having more than one sugar producing units may maintain the stock as defined in Para (1) of this Order, either unit-wise or for the group as a whole. Monthly domestic sugar quota for June 2023 : 23.5 LMT. pic.twitter.com/pfaxIYQQhh — Department of Food & Public Distribution (@fooddeptgoi) May 30, 2023 The sugar-mill wise Maximum quantity of white/refined sugar for domestic sale and dispatch during the month of June, 2023 as given in column (7) of the table, has been worked out on the basis of following parameters:- The June, 2023 Stock holding limit has been worked out on the basis of giving 100% weightage to the month end notional stock for the month of May, 2023. The notional month-end stock for the month of May, 2023 has been worked out on the basis of month end stock for April, 2023 (as reported in P-II), further adding the sugar lifted from sugar mills since 1st November, 2022 for export as per 4.3 Column of P-II and subtracting actual release for April, 2023. Besides, incentive in lieu of sugar sacrificed for producing ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar is being given corresponding to the reported ethanol production for April, 2023. Click here to view the Notification
### Response:
YES
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YES
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Govt. fixes 23.50 LMT monthly sugar quota for domestic sale in...In a notification issued on 30th day of May 2023, the food ministry has allocated 23.50 LMT monthly sugar quota for June 2023 to 560 sugar mills which is 2.50 LMT higher than the quantity allocated in June 2022. Market experts anticipate a stable market ahead, as the government has released more 2.50 LMT of sugar compared to the quota of June 2022. They stressed that this move reflects government is keen to keep prices under control, leaving minimal space for price rise. The group sugar producing companies having more than one sugar producing units may maintain the stock as defined in Para (1) of this Order, either unit-wise or for the group as a whole. Monthly domestic sugar quota for June 2023 : 23.5 LMT. pic.twitter.com/pfaxIYQQhh — Department of Food & Public Distribution (@fooddeptgoi) May 30, 2023 The sugar-mill wise Maximum quantity of white/refined sugar for domestic sale and dispatch during the month of June, 2023 as given in column (7) of the table, has been worked out on the basis of following parameters:- The June, 2023 Stock holding limit has been worked out on the basis of giving 100% weightage to the month end notional stock for the month of May, 2023. The notional month-end stock for the month of May, 2023 has been worked out on the basis of month end stock for April, 2023 (as reported in P-II), further adding the sugar lifted from sugar mills since 1st November, 2022 for export as per 4.3 Column of P-II and subtracting actual release for April, 2023. Besides, incentive in lieu of sugar sacrificed for producing ethanol from B-heavy molasses/sugarcane juice/sugar syrup/sugar is being given corresponding to the reported ethanol production for April, 2023. Click here to view the Notification
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Daily Sugar Market Update By Vizzie – 30/05/2023ChiniMandi, Mumbai: 30th May 2023 Domestic Market Sugar prices up in UP and Delhi, steady in Kolhapur and Kolkata Sugar prices are quoted steady to firm in major markets. Muzaffarnagar (M grade) prices traded higher by Rs 21 per quintal at Rs 3,650-3,660 per quintal, while Kolhapur (S grade) prices remained stable at Rs 3,400-3,440 per quintal. To keep prices under control, the June sugar sale quota is expected to be 23.50 lakh tons, 1.50 lakh tons higher than last year. According to Agrimandi.live, prices will remain stable to firm due to strong demand, with little room for decline. Prices in the Kolhapur markets are expected to trade near Rs 3,480 per quintal in the near future. Ex-mill Sugar Prices as on May, 30 2023 : State S/30 [Rates per Quintal] M/30 [Rates per Quintal] Maharashtra ₹3390 to 3400 ₹3490 to 3500 Karnataka ₹3600 to 3625 ₹3675 Uttar Pradesh ₹3605 to 3715 Gujarat ₹3501 to 3541 ₹3591 to 3611 Tamil Nadu ₹3565 to 3650 ₹3750 Madhya Pradesh ₹3545 to 3595 ₹3600 to 3655 Punjab ₹3660 to 3701 (All the above rates are excluding GST) Destination-wise Spot Prices as on May, 30 2023 : City Grade Rate Delhi M/30 ₹3,906.00 Kanpur M/30 ₹3,853.50 Kolhapur M/30 ₹3,701.25 Kolkata M/30 ₹3,969.00 Muzaffarnagar M/30 ₹3,837.75 International Market At the time of writing this update London White Sugar #5 front month contract is trading at $711.30/ton, whereas the New York Sugar #11 front month contract is trading at 25.47 c/lb. Currency, Commodity & Indian Indices The rupee traded against the US dollar at 82.681 whereas USD was trading with BRL at 5.0194, Crude futures traded at ₹5914, Crude WTI traded at $71.81/barrel. Sensex closed 122.75 points higher at 62969.13 whereas Nifty ended 35.20 points higher at 18633.85 News Round-Up Uttar Pradesh: MLA meets sugarcane minister for pending cane dues Uttar Pradesh: MLA meets sugarcane minister for pending cane dues Underutilization of land results to low sugarcane production in Fiji Underutilization of land results to low sugarcane production in Fiji Vishwaraj Sugar Q4 revenue jumps 52 per cent Vishwaraj Sugar Q4 revenue jumps 52 per cent Sustainability agenda: BPCL develops ethanol-diesel blend to lower emission Sustainability agenda: BPCL develops ethanol-diesel blend to lower emission Sensex ends 123 points higher, Nifty above 18,600 Sensex ends 123 points higher, Nifty above 18,600
### Response:
YES
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YES
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Daily Sugar Market Update By Vizzie – 30/05/2023ChiniMandi, Mumbai: 30th May 2023 Domestic Market Sugar prices up in UP and Delhi, steady in Kolhapur and Kolkata Sugar prices are quoted steady to firm in major markets. Muzaffarnagar (M grade) prices traded higher by Rs 21 per quintal at Rs 3,650-3,660 per quintal, while Kolhapur (S grade) prices remained stable at Rs 3,400-3,440 per quintal. To keep prices under control, the June sugar sale quota is expected to be 23.50 lakh tons, 1.50 lakh tons higher than last year. According to Agrimandi.live, prices will remain stable to firm due to strong demand, with little room for decline. Prices in the Kolhapur markets are expected to trade near Rs 3,480 per quintal in the near future. Ex-mill Sugar Prices as on May, 30 2023 : State S/30 [Rates per Quintal] M/30 [Rates per Quintal] Maharashtra ₹3390 to 3400 ₹3490 to 3500 Karnataka ₹3600 to 3625 ₹3675 Uttar Pradesh ₹3605 to 3715 Gujarat ₹3501 to 3541 ₹3591 to 3611 Tamil Nadu ₹3565 to 3650 ₹3750 Madhya Pradesh ₹3545 to 3595 ₹3600 to 3655 Punjab ₹3660 to 3701 (All the above rates are excluding GST) Destination-wise Spot Prices as on May, 30 2023 : City Grade Rate Delhi M/30 ₹3,906.00 Kanpur M/30 ₹3,853.50 Kolhapur M/30 ₹3,701.25 Kolkata M/30 ₹3,969.00 Muzaffarnagar M/30 ₹3,837.75 International Market At the time of writing this update London White Sugar #5 front month contract is trading at $711.30/ton, whereas the New York Sugar #11 front month contract is trading at 25.47 c/lb. Currency, Commodity & Indian Indices The rupee traded against the US dollar at 82.681 whereas USD was trading with BRL at 5.0194, Crude futures traded at ₹5914, Crude WTI traded at $71.81/barrel. Sensex closed 122.75 points higher at 62969.13 whereas Nifty ended 35.20 points higher at 18633.85 News Round-Up Uttar Pradesh: MLA meets sugarcane minister for pending cane dues Uttar Pradesh: MLA meets sugarcane minister for pending cane dues Underutilization of land results to low sugarcane production in Fiji Underutilization of land results to low sugarcane production in Fiji Vishwaraj Sugar Q4 revenue jumps 52 per cent Vishwaraj Sugar Q4 revenue jumps 52 per cent Sustainability agenda: BPCL develops ethanol-diesel blend to lower emission Sustainability agenda: BPCL develops ethanol-diesel blend to lower emission Sensex ends 123 points higher, Nifty above 18,600 Sensex ends 123 points higher, Nifty above 18,600
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Acrylamide Market in the US Poises for Growth Amidst Strong Demand for Water Treatment ChemicalsAcrylamide has maintained stable market sentiments in the United States this year, primarily driven by moderate demand from downstream water treatment and other end-use industries. Market trends indicate a decrease in the procurement frequency of the product due to minimal water usage in various industries. Acrylamide finds its major application in flocculation, a wastewater treatment method, while other sectors such as paper and pulp, chemical, petrochemical, and textiles also utilize the product.
### Response:
YES
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YES
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Acrylamide Market in the US Poises for Growth Amidst Strong Demand for Water Treatment ChemicalsAcrylamide has maintained stable market sentiments in the United States this year, primarily driven by moderate demand from downstream water treatment and other end-use industries. Market trends indicate a decrease in the procurement frequency of the product due to minimal water usage in various industries. Acrylamide finds its major application in flocculation, a wastewater treatment method, while other sectors such as paper and pulp, chemical, petrochemical, and textiles also utilize the product.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Acrylonitrile Prices Fall in Europe Amid Surplus Supplies and Weak DemandA recent analysis shows no significant improvement in the demand for Acrylonitrile in the downstream industries. Acrylonitrile inquiries were stable from downstream Acrylic Fibre producers during May 2023. Concurrently, the orders for Acrylonitrile were moderate to low from the rubber and elastomers industries.
### Response:
YES
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YES
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Acrylonitrile Prices Fall in Europe Amid Surplus Supplies and Weak DemandA recent analysis shows no significant improvement in the demand for Acrylonitrile in the downstream industries. Acrylonitrile inquiries were stable from downstream Acrylic Fibre producers during May 2023. Concurrently, the orders for Acrylonitrile were moderate to low from the rubber and elastomers industries.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
European Inconel Prices Rebounds in Mid-Q2 of 2023, Reflecting Market RecoveryAt the end of the third week of May 2023, the price of Inconel increased as the supply of raw materials declined. Nickel and chromium, being Inconel's major raw materials, have a limited supply from major exporting countries such as South Africa and Indonesia. As per market players, the import of raw material Nickel is getting disrupted due to the Indonesian ban on Nickel and other critical raw material ore export, as Indonesia is a major producer of Nickel. At the same time, chromium is facing difficulty in importing from South Africa as it is currently on low economic stability.
### Response:
NO
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NO
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European Inconel Prices Rebounds in Mid-Q2 of 2023, Reflecting Market RecoveryAt the end of the third week of May 2023, the price of Inconel increased as the supply of raw materials declined. Nickel and chromium, being Inconel's major raw materials, have a limited supply from major exporting countries such as South Africa and Indonesia. As per market players, the import of raw material Nickel is getting disrupted due to the Indonesian ban on Nickel and other critical raw material ore export, as Indonesia is a major producer of Nickel. At the same time, chromium is facing difficulty in importing from South Africa as it is currently on low economic stability.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Omeprazole Prices Remain Fragile Across the Globe Due to Weak DemandWeak demand from the manufacturing facilities, such as those in the pharmaceutical and healthcare sectors, led to a weaker price trend of Omeprazole on the global market. Because consumer confidence remained low, the lower Omeprazole inquiries hurt the product's overall demand dynamics. Omeprazole's overall price dynamics remained lower as the workers felt pressure to increase profits despite the slow demand from the downstream sector.
### Response:
YES
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YES
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Omeprazole Prices Remain Fragile Across the Globe Due to Weak DemandWeak demand from the manufacturing facilities, such as those in the pharmaceutical and healthcare sectors, led to a weaker price trend of Omeprazole on the global market. Because consumer confidence remained low, the lower Omeprazole inquiries hurt the product's overall demand dynamics. Omeprazole's overall price dynamics remained lower as the workers felt pressure to increase profits despite the slow demand from the downstream sector.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Oil tumbles 4% on worries over what Fed will do and OPEC might notInvesting.com -- As anxiety-inducing as the drama over the U.S. debt ceiling was, it has faded from oil traders’ radar with the tentative deal reached between the White House and rival Republicans, leaving the market to agonize over two other things: Fed action over rates and OPEC’s decision on output.Crude prices tumbled 4% on Tuesday amid mounting speculation that the Federal Reserve will raise rates for an eleventh time in 16 months when its policy-makers meet on June 14. The biggest signal for the central bank’s action will be in U.S. jobs data for May, due on Friday, that could show higher-than-expected payrolls growth that forces the Fed against pausing on rates.Ahead of the Fed action will be the June 4 meeting of OPEC+, which groups the 13-nation Saudi-led OPEC, or Organization of the Petroleum Exporting Countries, with 10 other oil producers steered by Russia. Media reports over the past week have led to the notion that a Saudi threat to cut production further will be nullified by Russia’s lack of commitment in keeping to pledged cuts and committing to more reductions.The Wall Street Journal, in a weekend article, said tensions were rising between Saudi Arabia and Russia as Moscow keeps pumping huge volumes of cheaper crude into the market that is undermining Riyadh’s efforts to bolster energy prices.“Yes, the U.S. debt drama might have gone off traders’ radar but you have these two major things that are a bugbear for the oil market: What the Fed will achieve and what OPEC+ might not, giving the growing gulf on output between the Saudis and Russians,” said John Kilduff, partner at New York energy hedge fund Again Capital.Also weighing on crude prices Tuesday was preliminary data indicating that the long Memorial Day weekend heralding the start of the U.S. summer driving season did not see as much fuel demand as thought. According to figures from GasBuddy, an app that tracks gasoline prices, demand for fuel paid for with the GasBuddy fuel card dropped by 1.3% last week.With about three hours to settlement, New York-traded West Texas Intermediate, or WTI, crude settled down $3.21, or 4.4%, at $69.46 per barrel.London-traded Brent crude, the global benchmark for oil, settled at $73.54 — down $3.53, or 4.6%, on the day.Economists are forecasting U.S. non-farm payrolls to have grown by 180,000 in May. They predicted a similar payroll growth in May, against the 253,000 reported by the Labor Department. Should the department report another jobs growth number above 200,000, it could influence the Fed to hike rates again in June instead of pausing them. The Fed has identified job and wage growth as the two key contributors of inflation.All key metrics in the so-called Personal Consumption Expenditures, or PCE, Index that the Fed closely watches rose higher than expected last month.From an economic perspective, stronger labor numbers are good for oil as more Americans moving about for work means higher fuel consumption. For gold, stronger economic numbers are usually a negative as less money will flow to safe havens.But in an environment of Fed rate hikes, job numbers exceeding expectations typically bump up the dollar, weighing across the board on commodities priced in the U.S. currency. In Tuesday’s session, the Dollar Index, which pits the greenback against six other major currencies led by the euro, hit a near one-week high at 104.38. The index is due to close higher for May, for the first time in two months, after a U.S. banking crisis erupted in March. The Fed has added 500 basis points, or 5%, to rates since the end of the coronavirus pandemic in March 2022, bringing them to a peak of 525 basis points, or 5.25%. Fed Governor Chris Waller suggested last week that the central bank may skip a rate increase on June 14, but still lean towards a July hike depending on inflation data. St. Louis Fed President James Bullard, one of the more aggressive advocates for tighter monetary policy, has suggested at least two more rate hikes this year, totaling 50 basis points, that would bring rates to a peak of 5.75%.OPEC+, meanwhile, has had limited success over the past two months in trying to push crude prices up with production cuts.The 23-nation alliance announced a 1.7 million-barrel-per-day cut in April, on top of an October undertaking to shed 2M barrels daily. After the April cut was announced, crude prices only went up for two weeks, before turning lower over four weeks, erasing some 15%. The earlier pledge to cut 2M barrels fared worse, resulting in just a few days of gains before prices tumbled to 15-month lows in March.Last week, Saudi Energy Minister Abdulaziz bin Salman issued a warning to the short sellers in oil, hinting at further cuts. But Russian President Vladimir Putin later said oil prices were approaching “economically justified” levels, indicating that more output reductions might not be required in Moscow’s opinion.
### Response:
YES
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YES
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Oil tumbles 4% on worries over what Fed will do and OPEC might notInvesting.com -- As anxiety-inducing as the drama over the U.S. debt ceiling was, it has faded from oil traders’ radar with the tentative deal reached between the White House and rival Republicans, leaving the market to agonize over two other things: Fed action over rates and OPEC’s decision on output.Crude prices tumbled 4% on Tuesday amid mounting speculation that the Federal Reserve will raise rates for an eleventh time in 16 months when its policy-makers meet on June 14. The biggest signal for the central bank’s action will be in U.S. jobs data for May, due on Friday, that could show higher-than-expected payrolls growth that forces the Fed against pausing on rates.Ahead of the Fed action will be the June 4 meeting of OPEC+, which groups the 13-nation Saudi-led OPEC, or Organization of the Petroleum Exporting Countries, with 10 other oil producers steered by Russia. Media reports over the past week have led to the notion that a Saudi threat to cut production further will be nullified by Russia’s lack of commitment in keeping to pledged cuts and committing to more reductions.The Wall Street Journal, in a weekend article, said tensions were rising between Saudi Arabia and Russia as Moscow keeps pumping huge volumes of cheaper crude into the market that is undermining Riyadh’s efforts to bolster energy prices.“Yes, the U.S. debt drama might have gone off traders’ radar but you have these two major things that are a bugbear for the oil market: What the Fed will achieve and what OPEC+ might not, giving the growing gulf on output between the Saudis and Russians,” said John Kilduff, partner at New York energy hedge fund Again Capital.Also weighing on crude prices Tuesday was preliminary data indicating that the long Memorial Day weekend heralding the start of the U.S. summer driving season did not see as much fuel demand as thought. According to figures from GasBuddy, an app that tracks gasoline prices, demand for fuel paid for with the GasBuddy fuel card dropped by 1.3% last week.With about three hours to settlement, New York-traded West Texas Intermediate, or WTI, crude settled down $3.21, or 4.4%, at $69.46 per barrel.London-traded Brent crude, the global benchmark for oil, settled at $73.54 — down $3.53, or 4.6%, on the day.Economists are forecasting U.S. non-farm payrolls to have grown by 180,000 in May. They predicted a similar payroll growth in May, against the 253,000 reported by the Labor Department. Should the department report another jobs growth number above 200,000, it could influence the Fed to hike rates again in June instead of pausing them. The Fed has identified job and wage growth as the two key contributors of inflation.All key metrics in the so-called Personal Consumption Expenditures, or PCE, Index that the Fed closely watches rose higher than expected last month.From an economic perspective, stronger labor numbers are good for oil as more Americans moving about for work means higher fuel consumption. For gold, stronger economic numbers are usually a negative as less money will flow to safe havens.But in an environment of Fed rate hikes, job numbers exceeding expectations typically bump up the dollar, weighing across the board on commodities priced in the U.S. currency. In Tuesday’s session, the Dollar Index, which pits the greenback against six other major currencies led by the euro, hit a near one-week high at 104.38. The index is due to close higher for May, for the first time in two months, after a U.S. banking crisis erupted in March. The Fed has added 500 basis points, or 5%, to rates since the end of the coronavirus pandemic in March 2022, bringing them to a peak of 525 basis points, or 5.25%. Fed Governor Chris Waller suggested last week that the central bank may skip a rate increase on June 14, but still lean towards a July hike depending on inflation data. St. Louis Fed President James Bullard, one of the more aggressive advocates for tighter monetary policy, has suggested at least two more rate hikes this year, totaling 50 basis points, that would bring rates to a peak of 5.75%.OPEC+, meanwhile, has had limited success over the past two months in trying to push crude prices up with production cuts.The 23-nation alliance announced a 1.7 million-barrel-per-day cut in April, on top of an October undertaking to shed 2M barrels daily. After the April cut was announced, crude prices only went up for two weeks, before turning lower over four weeks, erasing some 15%. The earlier pledge to cut 2M barrels fared worse, resulting in just a few days of gains before prices tumbled to 15-month lows in March.Last week, Saudi Energy Minister Abdulaziz bin Salman issued a warning to the short sellers in oil, hinting at further cuts. But Russian President Vladimir Putin later said oil prices were approaching “economically justified” levels, indicating that more output reductions might not be required in Moscow’s opinion.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Hong Kong suspends poultry imports from region in MexicoHong Kong's Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced yesterday that imports of poultry meat and products from the State of Aguascalientes in Mexico have been suspended due to an outbreak of highly pathogenic H5N1 avian influenza.CFS said the suspension was issued in order to protect public health in Hong Kong.A CFS spokesperson said Hong Kong has currently established a protocol with Mexico for the import of poultry meat but not for poultry eggs. According to the Census and Statistics Department, no poultry meat was imported into Hong Kong from Mexico in the first three months of this year.'The CFS has contacted the Mexican authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,' the spokesperson said.
### Response:
YES
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YES
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Hong Kong suspends poultry imports from region in MexicoHong Kong's Centre for Food Safety (CFS) of the Food and Environmental Hygiene Department announced yesterday that imports of poultry meat and products from the State of Aguascalientes in Mexico have been suspended due to an outbreak of highly pathogenic H5N1 avian influenza.CFS said the suspension was issued in order to protect public health in Hong Kong.A CFS spokesperson said Hong Kong has currently established a protocol with Mexico for the import of poultry meat but not for poultry eggs. According to the Census and Statistics Department, no poultry meat was imported into Hong Kong from Mexico in the first three months of this year.'The CFS has contacted the Mexican authority over the issue and will closely monitor information issued by the WOAH and the relevant authorities on the avian influenza outbreak. Appropriate action will be taken in response to the development of the situation,' the spokesperson said.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Poultry production, sales rose in 2022 in CanadaPoultry production and total sales increased in 2022 due to increased demand and product prices. However, increases in feed grain prices and the avian influenza outbreak increased production costs, according to a news release from Statistics Canada.In 2022, total sales of poultry increased by 14.0% from 2021 to $4.2 billion. Poultry farmers produced 1.5 billion kilograms of chicken, turkey and stewing hens. Egg production increased by 2.2% from 847.9 million dozen eggs in 2021 to 866.5 million dozen in 2022. Chicken continues to lead total poultry productionIn 2022, the production of chicken (which includes stewing hens) increased by 2.8% from 2021, as poultry farmers produced 1.37 billion kilograms of chicken. Chicken production accounted for 90.1% of total poultry production in Canada. However, in 2022, imports of live birds decreased 21.0% from 2021 to 8.6 million kilograms due to restrictions on imports of live birds, bird products and by-products in response to the avian influenza outbreak. Turkey production declined 0.1% from 2021 to 150.2 million kilograms in 2022, the sixth consecutive annual decline. Ontario leads production and sales of poultryOntario accounted for over one-third, or 478.4 million kilograms, of the chicken (including stewing hens) produced in Canada in 2022, while Quebec accounted for over one-quarter, or 358.5 million kilograms. Poultry meat production increased in both Ontario (+4.6%) and Quebec (+2.6%) from 2021. Ontario and Quebec also remained the top turkey-producing provinces. Ontario (71.4 million kilograms) produced 47.5% of Canada's turkey, while Quebec (29.6 million kilograms) produced 19.7%.From 2021 to 2022, Ontario's poultry meat sales increased 16.3% to $1.5 billion, while Quebec's sales increased 12.9% to $1.1 billion.Canadian egg sales continue to growIn 2022, egg sales increased by 14.9% from 2021 to $2.1 billion due to the increase in egg prices. The higher farm price of eggs resulted in higher average value of eggs, which in turn increased sales. The average value of a dozen table eggs increased by 12.5% from 2021 to $2.38 in 2022.In 2022, the monthly average egg farm-gate price ranged from 186.2 cents to 216.4 cents per dozen. In 2021, the average price ranged from 167.7 cents to 186.4 cents per dozen. The average farmgate price of eggs increased in every province from 2021 to 2022. Producers in British Columbia received the highest price for their eggs, at $2.71 per dozen on average, up 12.6% from 2021, while producers in Prince Edward Island received the lowest price, at $2.08 per dozen on average, up 11.7%.
### Response:
YES
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YES
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Poultry production, sales rose in 2022 in CanadaPoultry production and total sales increased in 2022 due to increased demand and product prices. However, increases in feed grain prices and the avian influenza outbreak increased production costs, according to a news release from Statistics Canada.In 2022, total sales of poultry increased by 14.0% from 2021 to $4.2 billion. Poultry farmers produced 1.5 billion kilograms of chicken, turkey and stewing hens. Egg production increased by 2.2% from 847.9 million dozen eggs in 2021 to 866.5 million dozen in 2022. Chicken continues to lead total poultry productionIn 2022, the production of chicken (which includes stewing hens) increased by 2.8% from 2021, as poultry farmers produced 1.37 billion kilograms of chicken. Chicken production accounted for 90.1% of total poultry production in Canada. However, in 2022, imports of live birds decreased 21.0% from 2021 to 8.6 million kilograms due to restrictions on imports of live birds, bird products and by-products in response to the avian influenza outbreak. Turkey production declined 0.1% from 2021 to 150.2 million kilograms in 2022, the sixth consecutive annual decline. Ontario leads production and sales of poultryOntario accounted for over one-third, or 478.4 million kilograms, of the chicken (including stewing hens) produced in Canada in 2022, while Quebec accounted for over one-quarter, or 358.5 million kilograms. Poultry meat production increased in both Ontario (+4.6%) and Quebec (+2.6%) from 2021. Ontario and Quebec also remained the top turkey-producing provinces. Ontario (71.4 million kilograms) produced 47.5% of Canada's turkey, while Quebec (29.6 million kilograms) produced 19.7%.From 2021 to 2022, Ontario's poultry meat sales increased 16.3% to $1.5 billion, while Quebec's sales increased 12.9% to $1.1 billion.Canadian egg sales continue to growIn 2022, egg sales increased by 14.9% from 2021 to $2.1 billion due to the increase in egg prices. The higher farm price of eggs resulted in higher average value of eggs, which in turn increased sales. The average value of a dozen table eggs increased by 12.5% from 2021 to $2.38 in 2022.In 2022, the monthly average egg farm-gate price ranged from 186.2 cents to 216.4 cents per dozen. In 2021, the average price ranged from 167.7 cents to 186.4 cents per dozen. The average farmgate price of eggs increased in every province from 2021 to 2022. Producers in British Columbia received the highest price for their eggs, at $2.71 per dozen on average, up 12.6% from 2021, while producers in Prince Edward Island received the lowest price, at $2.08 per dozen on average, up 11.7%.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Biopolymers producers sign MOU to advance PHA/PLA solutions in ChinaBluepha Co. Ltd, a China-based synthetic biology company in China, and Netherlands-headquartered PLA producer TotalEnergies Corbion, have signed a memorandum of understanding aimed at fostering the market adoption of PLA/PHA-based solutions in China.The companies will focus on the development of new high-performance PHA/PLA blends based on Bluepha’s PHA with TotalEnergies Corbion’s Luminy PLA technology.Calling TotalEnergies Corbion a ‘trustworthy partner’, Teng Li, president and co-founder of Bluepha used a Chinese saying to characterise the collaboration, describing it as ‘Adding wings to the tiger’.'By combining the complementary properties of these materials, we will significantly expand the application possibilities for brand owners seeking fully biobased material solutions,' said Thomas Philipon, CEO of TotalEnergies Corbion.Bluepha completed construction of its first industrial-scale production facility, called BioFAB1, in 2022 in Yancheng and launched its first portfolio of marine degradable biopolymers during a celebration held this year on 1 March. Before the MOU signing ceremony, Thomas Philipon was taken on a tour of the new Bluepha PHA Biorefinery.
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YES
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YES
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Biopolymers producers sign MOU to advance PHA/PLA solutions in ChinaBluepha Co. Ltd, a China-based synthetic biology company in China, and Netherlands-headquartered PLA producer TotalEnergies Corbion, have signed a memorandum of understanding aimed at fostering the market adoption of PLA/PHA-based solutions in China.The companies will focus on the development of new high-performance PHA/PLA blends based on Bluepha’s PHA with TotalEnergies Corbion’s Luminy PLA technology.Calling TotalEnergies Corbion a ‘trustworthy partner’, Teng Li, president and co-founder of Bluepha used a Chinese saying to characterise the collaboration, describing it as ‘Adding wings to the tiger’.'By combining the complementary properties of these materials, we will significantly expand the application possibilities for brand owners seeking fully biobased material solutions,' said Thomas Philipon, CEO of TotalEnergies Corbion.Bluepha completed construction of its first industrial-scale production facility, called BioFAB1, in 2022 in Yancheng and launched its first portfolio of marine degradable biopolymers during a celebration held this year on 1 March. Before the MOU signing ceremony, Thomas Philipon was taken on a tour of the new Bluepha PHA Biorefinery.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Gold declines to two-month trough as dollar strengthensGold prices fell in European trade for a second session, plumbing two-month lows as dollar strengthens amid prospects of yet another interest rate hike in June. Prices Today Gold prices fell 0.6% to $1,932 an ounce, the lowest since March 20, with a session-high at $1,946, after losing 0.25% yesterday, the third loss in four days under pressure from the dollar, and improving risk appetite following a tentative deal on raising the US debt ceiling. Gold prices lost 1.9% last week, the third weekly loss in row, and the longest such streak of weekly losses this year. The Dollar The dollar index rose 0.3% on Tuesday, on track for the seventh profit in a row, hitting two-month highs at 104.53 against a basket of major rivals. A stronger dollar weighs on dollar-denominated gold futures as they become costlier to holders of other currencies. Strong Data A recent stream of strong US data showcase the resilience of the economy and bolstered the case for further policy tightening by the Federal Reserve. Last week's US data showed the GDP grew more than expected in the first quarter, while US unemployment claims were below estimates, and as US consumer spending rose more than expected in April. Fed Remarks Minneapolis Fed President Neil Kashkari said US interest rates might have to move above 6% to bring inflation below 2%, while Saint Louis Fed President James Bullard said the Fed might need to raise interest rates by another half a percentage point this year. Fed member Christopher Waller said the decision on interest rates in June will depend on data released in the next three weeks, adding he doesn't support a pause in policy tightening until there's clear proof that inflation is heading to 2%. US Rates Following such data and bullish remarks by Fed officials, chances of a 0.25% Fed rate hike in June rose from 40% to 62%. The SPDR Gold holdings at the SPDR Gold Trust remained flat yesterday at 941.29 tones for the fourth day in a row.
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YES
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YES
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Gold declines to two-month trough as dollar strengthensGold prices fell in European trade for a second session, plumbing two-month lows as dollar strengthens amid prospects of yet another interest rate hike in June. Prices Today Gold prices fell 0.6% to $1,932 an ounce, the lowest since March 20, with a session-high at $1,946, after losing 0.25% yesterday, the third loss in four days under pressure from the dollar, and improving risk appetite following a tentative deal on raising the US debt ceiling. Gold prices lost 1.9% last week, the third weekly loss in row, and the longest such streak of weekly losses this year. The Dollar The dollar index rose 0.3% on Tuesday, on track for the seventh profit in a row, hitting two-month highs at 104.53 against a basket of major rivals. A stronger dollar weighs on dollar-denominated gold futures as they become costlier to holders of other currencies. Strong Data A recent stream of strong US data showcase the resilience of the economy and bolstered the case for further policy tightening by the Federal Reserve. Last week's US data showed the GDP grew more than expected in the first quarter, while US unemployment claims were below estimates, and as US consumer spending rose more than expected in April. Fed Remarks Minneapolis Fed President Neil Kashkari said US interest rates might have to move above 6% to bring inflation below 2%, while Saint Louis Fed President James Bullard said the Fed might need to raise interest rates by another half a percentage point this year. Fed member Christopher Waller said the decision on interest rates in June will depend on data released in the next three weeks, adding he doesn't support a pause in policy tightening until there's clear proof that inflation is heading to 2%. US Rates Following such data and bullish remarks by Fed officials, chances of a 0.25% Fed rate hike in June rose from 40% to 62%. The SPDR Gold holdings at the SPDR Gold Trust remained flat yesterday at 941.29 tones for the fourth day in a row.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Chickpeas: NAFED stocks upLast year's quantity will not be toppedThe National Agricultural Cooperative Marketing Federation of India (NAFED) has purchased over 2 million mt of chickpeas at the minimum support price in the current season. Market players report that arrivals in the markets are currently slowing down, but prices have improved. The NAFED is not expected to exceed the 2.59 million mt purchased last year. The association purchased the most chickpeas from the state of Madhya Pradesh (717,000 mt) followed by Maharashtra (671,000 mt), Gujarat (310,000 mt), Rajasthan (112,000 mt) and
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YES
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YES
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Chickpeas: NAFED stocks upLast year's quantity will not be toppedThe National Agricultural Cooperative Marketing Federation of India (NAFED) has purchased over 2 million mt of chickpeas at the minimum support price in the current season. Market players report that arrivals in the markets are currently slowing down, but prices have improved. The NAFED is not expected to exceed the 2.59 million mt purchased last year. The association purchased the most chickpeas from the state of Madhya Pradesh (717,000 mt) followed by Maharashtra (671,000 mt), Gujarat (310,000 mt), Rajasthan (112,000 mt) and
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Uttar Pradesh: MLA meets sugarcane minister for pending cane duesShamli, Uttar Pradesh: Ashraf Ali Khan, the MLA of Jalalabad Thanabhavan, met with Sugarcane Minister Laxminarayan on Monday to discuss the unresolved payment of sugarcane dues. As reported by Live Hindustan, Khan informed the minister about the current situation faced by the sugarcane farmers in his constituency. According to Khan, the farmers are experiencing financial hardship due to the sugar mills’ failure to clear their pending dues. He mentioned that despite the farmers raising the issue multiple times with the mill administration, they have only received assurances without any concrete steps taken to resolve the matter. In response, the minister directed Sugarcane Commissioner Sanjay Bhoosreddy and the district collector to work on it and take immediate action to address the problem.
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NO
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NO
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Uttar Pradesh: MLA meets sugarcane minister for pending cane duesShamli, Uttar Pradesh: Ashraf Ali Khan, the MLA of Jalalabad Thanabhavan, met with Sugarcane Minister Laxminarayan on Monday to discuss the unresolved payment of sugarcane dues. As reported by Live Hindustan, Khan informed the minister about the current situation faced by the sugarcane farmers in his constituency. According to Khan, the farmers are experiencing financial hardship due to the sugar mills’ failure to clear their pending dues. He mentioned that despite the farmers raising the issue multiple times with the mill administration, they have only received assurances without any concrete steps taken to resolve the matter. In response, the minister directed Sugarcane Commissioner Sanjay Bhoosreddy and the district collector to work on it and take immediate action to address the problem.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Public-Private participation essential for milk self-sufficiency: Minister ChinchuraniStressing the indispensable role of public and private sectors in ensuring Kerala’s self-sufficiency in milk production, Animal Husbandry and Dairy Development Minister J. Chinchurani has said the role of cooperative societies is also integral to the mission.The presidents and secretaries of cooperative societies must be roped into the dairy industry in a stronger way, she said after inaugurating the ‘Layam 2023’ Business-to-Business conclave organised by Kerala Feeds Limited (KFL).“It is with this aim that we have assembled at this event, which must also bring KFL’s private dealers into the milk industry,” the Minister noted at the opening session of the day-long event.The Minister also disclosed that the Kerala Government is going ahead with its moves for a legislation that guarantees completely unadulterated feed for the cattle so as to check the inflow of low-quality feed into the State.Also read: UP Govt asks NDDB subsidiary to partner with 1.50 lakh women dairy farmersThe conclave also honoured dairy farmers and dealers and presented awards to self-owned primary milk cooperative society presidents and secretaries.Observing that lower production costs can help make dairy farming profitable, Chinchurani said fodder grass will be popularised and that efforts are on to bring in silage (pickled fodder grass) from Andhra Pradesh.“One way to make the dairy industry profitable is to popularise Milma products,” she said. “We have already rolled out programmes for opening Milma booths in schools. This is also a measure to check the increasing use of narcotics among children.”Actor Jayaram, who is KFL’s brand ambassador, said dairy farmer is a status that can be equated with god. “My reputation of growing cows earns me immense respect from the Telugu, Kannada, and Tamil film industries. “If you are keen to become something, you will achieve it. That is my lesson on striving to become a dairy farmer,” he said, adding, “The Minister is leading us, knowing well the nuances of the industry.”Also read: Telangana dairy farmers reel under spiralling cost of productionKFL Chairman K. Sreekumar said the PSU has invariably helped in equipping dairy farmers to face any challenges. “We are socially committed and have been consistently working for rural development,” he added.KFL Managing Director B. Sreekumar highlighted the role of the PSU in checking the price rise of cattle feeds. “KFL and Kerala’s dairy farmers are mutually dependent,” he said. “During the 2018 floods and the Covid-triggered crisis that followed, KFL worked untiringly to mitigate the issues of the State’s dairy farmers, thanks also to our enthusiastic employees.”KFL manufacture products for various breeds of cows with the aim of keeping them in good health and ensuring better productivity and quality of milk. Comments
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YES
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YES
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Public-Private participation essential for milk self-sufficiency: Minister ChinchuraniStressing the indispensable role of public and private sectors in ensuring Kerala’s self-sufficiency in milk production, Animal Husbandry and Dairy Development Minister J. Chinchurani has said the role of cooperative societies is also integral to the mission.The presidents and secretaries of cooperative societies must be roped into the dairy industry in a stronger way, she said after inaugurating the ‘Layam 2023’ Business-to-Business conclave organised by Kerala Feeds Limited (KFL).“It is with this aim that we have assembled at this event, which must also bring KFL’s private dealers into the milk industry,” the Minister noted at the opening session of the day-long event.The Minister also disclosed that the Kerala Government is going ahead with its moves for a legislation that guarantees completely unadulterated feed for the cattle so as to check the inflow of low-quality feed into the State.Also read: UP Govt asks NDDB subsidiary to partner with 1.50 lakh women dairy farmersThe conclave also honoured dairy farmers and dealers and presented awards to self-owned primary milk cooperative society presidents and secretaries.Observing that lower production costs can help make dairy farming profitable, Chinchurani said fodder grass will be popularised and that efforts are on to bring in silage (pickled fodder grass) from Andhra Pradesh.“One way to make the dairy industry profitable is to popularise Milma products,” she said. “We have already rolled out programmes for opening Milma booths in schools. This is also a measure to check the increasing use of narcotics among children.”Actor Jayaram, who is KFL’s brand ambassador, said dairy farmer is a status that can be equated with god. “My reputation of growing cows earns me immense respect from the Telugu, Kannada, and Tamil film industries. “If you are keen to become something, you will achieve it. That is my lesson on striving to become a dairy farmer,” he said, adding, “The Minister is leading us, knowing well the nuances of the industry.”Also read: Telangana dairy farmers reel under spiralling cost of productionKFL Chairman K. Sreekumar said the PSU has invariably helped in equipping dairy farmers to face any challenges. “We are socially committed and have been consistently working for rural development,” he added.KFL Managing Director B. Sreekumar highlighted the role of the PSU in checking the price rise of cattle feeds. “KFL and Kerala’s dairy farmers are mutually dependent,” he said. “During the 2018 floods and the Covid-triggered crisis that followed, KFL worked untiringly to mitigate the issues of the State’s dairy farmers, thanks also to our enthusiastic employees.”KFL manufacture products for various breeds of cows with the aim of keeping them in good health and ensuring better productivity and quality of milk. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Indian sugar mills export entire quota of 6.1 million tonnesIndian sugar mills export entire quota of 6.1 million tonnes Indian mills have shipped out the entire 6.1 million tonnes of sugar allowed for exports, industry officials told Reuters, cashing in on multi-year high prices in the world market and robust demand. The world's second-biggest producer of the sweetener is, however, unlikely to allow additional exports in the current marketing year ending on Sept. 30, due to a likely drop in production. This could lift global prices and allow top producer Brazil to sell more sugar on the world market. 'The mills have shipped the entire allocated quantity, and nothing has left since global prices became attractive,' Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd, told Reuters. Mills were getting more than 50,000 rupees ($604.6) per tonne from the overseas sale against the local price of 36,500 rupees, dealers said. Related stories 40-50 FDI proposals from countries sharing land border with India pending for approval Rising India, Real Heroes: Untold Stories of Unsung Heroes A rumour earlier this month that India could ban exports prompted mills to accelerate the remaining shipments, he said. The country exported a record 11 million tonnes of sugar in the previous 2021-2022 season, but New Delhi allowed exports of only 6.1 million tonnes in the current year due to an expected drop in production. Production is likely to fall to 32.8 million tonnes in the current year, from a record 35.8 million tonnes in the previous season. The drop in the production has closed the window of additional exports, which mills were seeking earlier, said a senior industry official, who declined to be named. 'We are now not demanding the government to allow more exports in the current season. We know it's not possible,' he said. India mainly exports sugar to Indonesia, Bangladesh, Malaysia, Sudan, Somalia and the United Arab Emirates. Asian and African buyers have shifted to Brazil from India as the south American country has ample surplus for exports, said a Mumbai-based dealer with a global trade house. Read More
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YES
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YES
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Indian sugar mills export entire quota of 6.1 million tonnesIndian sugar mills export entire quota of 6.1 million tonnes Indian mills have shipped out the entire 6.1 million tonnes of sugar allowed for exports, industry officials told Reuters, cashing in on multi-year high prices in the world market and robust demand. The world's second-biggest producer of the sweetener is, however, unlikely to allow additional exports in the current marketing year ending on Sept. 30, due to a likely drop in production. This could lift global prices and allow top producer Brazil to sell more sugar on the world market. 'The mills have shipped the entire allocated quantity, and nothing has left since global prices became attractive,' Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd, told Reuters. Mills were getting more than 50,000 rupees ($604.6) per tonne from the overseas sale against the local price of 36,500 rupees, dealers said. Related stories 40-50 FDI proposals from countries sharing land border with India pending for approval Rising India, Real Heroes: Untold Stories of Unsung Heroes A rumour earlier this month that India could ban exports prompted mills to accelerate the remaining shipments, he said. The country exported a record 11 million tonnes of sugar in the previous 2021-2022 season, but New Delhi allowed exports of only 6.1 million tonnes in the current year due to an expected drop in production. Production is likely to fall to 32.8 million tonnes in the current year, from a record 35.8 million tonnes in the previous season. The drop in the production has closed the window of additional exports, which mills were seeking earlier, said a senior industry official, who declined to be named. 'We are now not demanding the government to allow more exports in the current season. We know it's not possible,' he said. India mainly exports sugar to Indonesia, Bangladesh, Malaysia, Sudan, Somalia and the United Arab Emirates. Asian and African buyers have shifted to Brazil from India as the south American country has ample surplus for exports, said a Mumbai-based dealer with a global trade house. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
BTMA demands buying of domestic yarn by Bangladesh RMG manufacturersThe Bangladesh Textile Mills Association (BTMA) has urged woven and knit garment manufacturers to open back-to-back letters of credit (LCs) and buy yarn from the domestic market to reduce stockpiling of unsold yarn and save US dollars. The government should raise the allocation from the Export Development Fund (EDF) from $20 million to $30 million to help manufacturers overcome the crisis resulting from unsold yarn, it demanded. Addressing a press conference yesterday in Dhaka, BTMA president Mohammad Ali Khokon said the association had sent a letter to the National Board of Revenue (NBR) in April demanding necessary steps against selling illegally imported yarn, clothes and dress material in the market. To reduce stockpiling of unsold yarn and save US dollars, the Bangladesh Textile Mills Association has urged woven and knit garment makers to open back-to-back letters of credit and buy yarn from the domestic market. The allocation from the Export Development Fund should also be raised from $20 million to $30 million to overcome the crisis, it demanded. Bangladesh has a viable backward linkage industry in the primary textile sector and the mills are supplying the bulk of export-quality yarn and fabrics to the export-oriented garment sector, the letter mentioned. “We have come to know that there has been a large trade of the illegally imported yarn and cloth in the major textile hubs, especially Narayanganj, Araihajar, Gausia, Madhabadi, Baburhat, Narsingdi, Tangail, Sirajganj, Belkuchi and Pabna,” the letter said. The resulting liquidity crunch in the mills is quite evident due to a massive rise in stock of yarn and cloth manufactured in the domestic mills, Bangladesh media outlets reported. The government is also losing revenue because of this, while mills face cash crunch, the letter stated. Global recession in the context of the Ukraine-Russia war, problems in importing raw materials due to the dollar crisis and reduced purchasing power of buyers, including not getting fair prices for finished yarns and fabrics, have aggravated the crisis. Fibre2Fashion News Desk (DS)
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YES
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YES
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BTMA demands buying of domestic yarn by Bangladesh RMG manufacturersThe Bangladesh Textile Mills Association (BTMA) has urged woven and knit garment manufacturers to open back-to-back letters of credit (LCs) and buy yarn from the domestic market to reduce stockpiling of unsold yarn and save US dollars. The government should raise the allocation from the Export Development Fund (EDF) from $20 million to $30 million to help manufacturers overcome the crisis resulting from unsold yarn, it demanded. Addressing a press conference yesterday in Dhaka, BTMA president Mohammad Ali Khokon said the association had sent a letter to the National Board of Revenue (NBR) in April demanding necessary steps against selling illegally imported yarn, clothes and dress material in the market. To reduce stockpiling of unsold yarn and save US dollars, the Bangladesh Textile Mills Association has urged woven and knit garment makers to open back-to-back letters of credit and buy yarn from the domestic market. The allocation from the Export Development Fund should also be raised from $20 million to $30 million to overcome the crisis, it demanded. Bangladesh has a viable backward linkage industry in the primary textile sector and the mills are supplying the bulk of export-quality yarn and fabrics to the export-oriented garment sector, the letter mentioned. “We have come to know that there has been a large trade of the illegally imported yarn and cloth in the major textile hubs, especially Narayanganj, Araihajar, Gausia, Madhabadi, Baburhat, Narsingdi, Tangail, Sirajganj, Belkuchi and Pabna,” the letter said. The resulting liquidity crunch in the mills is quite evident due to a massive rise in stock of yarn and cloth manufactured in the domestic mills, Bangladesh media outlets reported. The government is also losing revenue because of this, while mills face cash crunch, the letter stated. Global recession in the context of the Ukraine-Russia war, problems in importing raw materials due to the dollar crisis and reduced purchasing power of buyers, including not getting fair prices for finished yarns and fabrics, have aggravated the crisis. Fibre2Fashion News Desk (DS)
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Paddy Subsidy 2023: सरकार दे रही है किसानों को धान के बीज पर 50 फीसदी की सब्सिडी, ऐसे करें आवेदनPaddy Subsidy 2023: उत्तर प्रदेश के अमेठी में धान की पैदावार करने वाले किसानों को अब धान के प्रमाणित बीज खरीदने के लिए इधर- उधर जाने की ज़रूरत नहीं है। सरकार ख़ुद किसानों को सब्सिडी पर बीज उपलब्ध करवायेगी। मीडिया में प्रकाशित रिपोर्ट के मुताबिक, कृषि विभाग धान के प्रमाणित बीज पर किसानों को 30 से 50 फीसदी की सब्सिडी दे रही है । जिसके लिये किसानों को कैंप लगा कर जागरूक भी किया जा रहा है।सब्सिडी पर किसानों को कैसे मिलेगा धान का बीजजानकारी के मुताबिक़ किसानों को धान का प्रमाणित बीज सब्सिडी पर लेने के लिये आवेदन फॉर्म अप्लाई करना होगा। अगर कोई भी किसान सरकार द्वारा धान के बीज पर दी जा रही इस सब्सिडी का लाभ उठाना चाहता हैं, तो अपने ब्लॉक के कृषि रक्षा इकाई और कृषि केंद्र पर जाकर फॉर्म अप्लाई कर सकता हैं।इन डॉक्युमेंट्स की पड़ेगी जरुरतकिसानों को फॉर्म अप्लाई करते समय बैंक पासबुक, खतोनी की फोटो कॉपी और आधार कार्ड की ज़रूरत पड़ेगी। कृषि कार्यालय में आवेदन अप्लाई करने के बाद आपके दस्तावेजों की जांच होगी और उसके बाद सब कुछ सही पाये जाने पर सब्सिडी की राशि किसान के खाते में भेज दी जाएगी। इन पैसों से किसान भाई कृषि कल्याण केंद्र और कृषि रक्षा इकाई सेंटर से बीज खरीद सकते हैं। अमेठी जिले में किसानों को सब्सिडी पर बीजगौरतलब है कि फ़िलहाल जिले के मुसाफिरखाना, गौरीगंज, अमेठी और तिलोई तहसील में किसानों को सब्सिडी पर धान के प्रमाणित बीज सब्सिडी पर दिए जा रहे हैं।
### Response:
YES
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YES
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Paddy Subsidy 2023: सरकार दे रही है किसानों को धान के बीज पर 50 फीसदी की सब्सिडी, ऐसे करें आवेदनPaddy Subsidy 2023: उत्तर प्रदेश के अमेठी में धान की पैदावार करने वाले किसानों को अब धान के प्रमाणित बीज खरीदने के लिए इधर- उधर जाने की ज़रूरत नहीं है। सरकार ख़ुद किसानों को सब्सिडी पर बीज उपलब्ध करवायेगी। मीडिया में प्रकाशित रिपोर्ट के मुताबिक, कृषि विभाग धान के प्रमाणित बीज पर किसानों को 30 से 50 फीसदी की सब्सिडी दे रही है । जिसके लिये किसानों को कैंप लगा कर जागरूक भी किया जा रहा है।सब्सिडी पर किसानों को कैसे मिलेगा धान का बीजजानकारी के मुताबिक़ किसानों को धान का प्रमाणित बीज सब्सिडी पर लेने के लिये आवेदन फॉर्म अप्लाई करना होगा। अगर कोई भी किसान सरकार द्वारा धान के बीज पर दी जा रही इस सब्सिडी का लाभ उठाना चाहता हैं, तो अपने ब्लॉक के कृषि रक्षा इकाई और कृषि केंद्र पर जाकर फॉर्म अप्लाई कर सकता हैं।इन डॉक्युमेंट्स की पड़ेगी जरुरतकिसानों को फॉर्म अप्लाई करते समय बैंक पासबुक, खतोनी की फोटो कॉपी और आधार कार्ड की ज़रूरत पड़ेगी। कृषि कार्यालय में आवेदन अप्लाई करने के बाद आपके दस्तावेजों की जांच होगी और उसके बाद सब कुछ सही पाये जाने पर सब्सिडी की राशि किसान के खाते में भेज दी जाएगी। इन पैसों से किसान भाई कृषि कल्याण केंद्र और कृषि रक्षा इकाई सेंटर से बीज खरीद सकते हैं। अमेठी जिले में किसानों को सब्सिडी पर बीजगौरतलब है कि फ़िलहाल जिले के मुसाफिरखाना, गौरीगंज, अमेठी और तिलोई तहसील में किसानों को सब्सिडी पर धान के प्रमाणित बीज सब्सिडी पर दिए जा रहे हैं।
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
किसानों को सरकार फ्री में देगी सरसों, मक्का, मूंग व मोठ के बीज, 23 लाख किसानों को होगा फायदाRajasthan Farmers News: राजस्थान के 23 लाख लघु एवं सीमांत किसानों को प्रमुख फसलों के प्रमाणित किस्मों के बीज मिनी किट नि:शुल्क वितरित किए जाएंगे। इसके लिए राज्य के मुख्यमंत्री अशोक गहलोत ने 128.57 करोड़ रुपए के वित्तीय प्रस्ताव को मंजूरी प्रदान कर दी है।बीज मिनी किट नि:शुल्क योजना के अंतर्गत सरकार द्वारा प्रदेश के किसानों को संकर मक्का के 5 किलोग्राम, सरसों का 2 किलोग्राम, मूंग व मोठ के 4.4 किलोग्राम एवं तिल के 1 किलोग्राम प्रमाणित किस्मों के बीज नि:शुल्क उपलब्ध कराए जाएंगे। प्रदेश के 23 लाख लघु एवं सीमांत कृषकों को प्रमुख फसलों के प्रमाणित किस्मों के बीज मिनिकिट निःशुल्क वितरित किए जाएंगे। मुख्यमंत्री श्री @ashokgehlot51 ने इसके लिए 128.57 करोड़ रुपए के वित्तीय प्रस्ताव को मंजूरी दी है। pic.twitter.com/lv0dh4copIजनजातीय किसानों हेतु जनजाति क्षेत्रीय विकास विभाग द्वारा तथा गैर जनजातिय कृषकों हेतु कृषि विभाग द्वारा बीज मिनी किट की खरीद राजस्थान राज्य बीज निगम से की जाएगी। इन मिनी किट का वितरण कृषि विभाग द्वारा राज किसान साथी पोर्टल के माध्यम से किया जाएगा।
### Response:
YES
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YES
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किसानों को सरकार फ्री में देगी सरसों, मक्का, मूंग व मोठ के बीज, 23 लाख किसानों को होगा फायदाRajasthan Farmers News: राजस्थान के 23 लाख लघु एवं सीमांत किसानों को प्रमुख फसलों के प्रमाणित किस्मों के बीज मिनी किट नि:शुल्क वितरित किए जाएंगे। इसके लिए राज्य के मुख्यमंत्री अशोक गहलोत ने 128.57 करोड़ रुपए के वित्तीय प्रस्ताव को मंजूरी प्रदान कर दी है।बीज मिनी किट नि:शुल्क योजना के अंतर्गत सरकार द्वारा प्रदेश के किसानों को संकर मक्का के 5 किलोग्राम, सरसों का 2 किलोग्राम, मूंग व मोठ के 4.4 किलोग्राम एवं तिल के 1 किलोग्राम प्रमाणित किस्मों के बीज नि:शुल्क उपलब्ध कराए जाएंगे। प्रदेश के 23 लाख लघु एवं सीमांत कृषकों को प्रमुख फसलों के प्रमाणित किस्मों के बीज मिनिकिट निःशुल्क वितरित किए जाएंगे। मुख्यमंत्री श्री @ashokgehlot51 ने इसके लिए 128.57 करोड़ रुपए के वित्तीय प्रस्ताव को मंजूरी दी है। pic.twitter.com/lv0dh4copIजनजातीय किसानों हेतु जनजाति क्षेत्रीय विकास विभाग द्वारा तथा गैर जनजातिय कृषकों हेतु कृषि विभाग द्वारा बीज मिनी किट की खरीद राजस्थान राज्य बीज निगम से की जाएगी। इन मिनी किट का वितरण कृषि विभाग द्वारा राज किसान साथी पोर्टल के माध्यम से किया जाएगा।
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Coal India boosts prices to offset rising costsCoal India Ltd has increased prices of the commodity for long-term buyers as the world’s largest miner seeks to offset higher staff salaries.The Kolkata-based company will raise base prices of the top nine grades of thermal coal by 8 per cent starting May 31, according to a stock exchange filing Tuesday. The hike will boost revenue for the ongoing fiscal year through March by Rs 2,700 crore ($326 million), the company estimated, without giving further details. The new prices will be for all categories of customers. The price increase, the first in more than five years, is unlikely to impact demand for the dirtiest fossil fuel, which has surged on higher electricity demand as industries bounced back from the pandemic and sweltering heat forces people to crank up cooling appliances. Despite the higher rate, domestic coal prices remain cheaper than imports, spurring the miner to invest in capacity expansion. “The price revision is well below our expectations,” said Rahul Kailash Jain, an analyst at Mumbai-based Systematix Shares & Stocks India. “It doesn’t even cover the rise in salaries.”The top grades are mostly used by non-power industries. State-run Coal India hasn’t touched the lower grades, mostly consumed by power plants, to avoid an inflationary impact during the election season, Jain said. The company divides its coal in 16 categories on the basis of gross calorific value. The top nine grades that will fetch higher prices cover coal from 4,300 kilocalories a kilogram to 7,000 kilocalories. The company’s management has been seeking a price increase for months, as it incurred higher diesel costs to run machinery at its mines, while negotiating with the unions for an increase in staff salaries. The company finalised a 19 per cent salary hike for its non-executive staff for a period of five years starting retroactively from July 2021. Provisions to cover the increase caused an unexpected drop in its profits for the quarter ended March. Coal accounts for about 70 per cent of electricity generation in the country, which is the third-biggest emitter of greenhouse gases. Comments
### Response:
YES
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YES
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Coal India boosts prices to offset rising costsCoal India Ltd has increased prices of the commodity for long-term buyers as the world’s largest miner seeks to offset higher staff salaries.The Kolkata-based company will raise base prices of the top nine grades of thermal coal by 8 per cent starting May 31, according to a stock exchange filing Tuesday. The hike will boost revenue for the ongoing fiscal year through March by Rs 2,700 crore ($326 million), the company estimated, without giving further details. The new prices will be for all categories of customers. The price increase, the first in more than five years, is unlikely to impact demand for the dirtiest fossil fuel, which has surged on higher electricity demand as industries bounced back from the pandemic and sweltering heat forces people to crank up cooling appliances. Despite the higher rate, domestic coal prices remain cheaper than imports, spurring the miner to invest in capacity expansion. “The price revision is well below our expectations,” said Rahul Kailash Jain, an analyst at Mumbai-based Systematix Shares & Stocks India. “It doesn’t even cover the rise in salaries.”The top grades are mostly used by non-power industries. State-run Coal India hasn’t touched the lower grades, mostly consumed by power plants, to avoid an inflationary impact during the election season, Jain said. The company divides its coal in 16 categories on the basis of gross calorific value. The top nine grades that will fetch higher prices cover coal from 4,300 kilocalories a kilogram to 7,000 kilocalories. The company’s management has been seeking a price increase for months, as it incurred higher diesel costs to run machinery at its mines, while negotiating with the unions for an increase in staff salaries. The company finalised a 19 per cent salary hike for its non-executive staff for a period of five years starting retroactively from July 2021. Provisions to cover the increase caused an unexpected drop in its profits for the quarter ended March. Coal accounts for about 70 per cent of electricity generation in the country, which is the third-biggest emitter of greenhouse gases. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Oman’s oil output rises in April, but exports drop 6.7%Oman’s daily average production of crude oil continued to remain above one million barrels per day (bpd) during the first four months of 2023, up by 2.4 per cent in comparison to daily average output recorded in the same period of last year.
### Response:
YES
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YES
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Oman’s oil output rises in April, but exports drop 6.7%Oman’s daily average production of crude oil continued to remain above one million barrels per day (bpd) during the first four months of 2023, up by 2.4 per cent in comparison to daily average output recorded in the same period of last year.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
OPEC oil output falls in May after voluntary cuts – Reuters surveyOPEC oil output fell in May after Saudi Arabia and other members of the broader OPEC+ alliance made voluntary output cuts to support the market, a Reuters survey found on Wednesday, although increases elsewhere in the group limited the decline.
### Response:
YES
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YES
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OPEC oil output falls in May after voluntary cuts – Reuters surveyOPEC oil output fell in May after Saudi Arabia and other members of the broader OPEC+ alliance made voluntary output cuts to support the market, a Reuters survey found on Wednesday, although increases elsewhere in the group limited the decline.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India’s Maharashtra to promote cotton processing for value addition
### Response:
YES
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YES
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India’s Maharashtra to promote cotton processing for value addition
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India polyester, viscose yarn notice mixed trend, PC remains down
### Response:
YES
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YES
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India polyester, viscose yarn notice mixed trend, PC remains down
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Renewable energy installed capacity to reach 336 GW by 2026-27, 596 GW by 2031-32: National Electricity PlanNew Delhi: India’s renewable energy installed capacity is expected to reach 336.5 gigawatt (GW) by 2026-27 contributing to 35 per cent in the total energy mix and to reach 596 GW by 2031-32 contributing to 44 per cent in the total energy mix, according to the National Electricity Plan (NEP) notified by the Central Electricity Authority on Wednesday. It said that a total capacity addition of 31.8 GW from conventional sources and 180 GW from renewable energy sources has been envisaged for the period 2022-2027. “Out of this a capacity of 11 GW which comprises 120 MW of large hydro, 9,306 MW of solar, 1,572 MW of wind and 138 MW of other RE has been commissioned during 2022-23 as on 31 December 2022,” added the document. Advt The total fund required for the period 2022-2027 is estimated to be Rs 14,54,188 crores, which also includes the likely expenditure during this period for the projects expected to get commissioned during 2027- 2032. India’s cumulative installed capacity of renewable energy - including large hydro - as on 31 March 2022 is 156 GW. This has increased to 167 GW as on 31 December 2022. The NEP document noted that the total fund requirement for the period 2027-2032 is estimated to be Rs 19,06,406 crore. “The fund requirement for the period 2027-32 has been estimated based on total capacity addition of 291 GW, consisting of 32 GW from conventional energy sources, 259 GW of renewable energy sources and 38.5 GW/201 GWh of battery energy storage systems,” it added. The NEP includes a review of the period 2017-22, detailed capacity addition requirements during the years 2022-27, and perspective plan projections for the years 2027-32. Overall capacity addition: India’s overall installed capacity as on 31 March 2022 was 398 GW - excluding 510 MW of diesel - comprising 235 GW of thermal, 6.7 GW of nuclear, and 156 GW of renewable energy. “The projected capacity addition requirement during the period 2022-27 to meet the peak demand and energy requirement for 2026-27 is 211 GW comprising 31.8 GW of conventional capacity and 179.9 GW of renewable-based capacity,” the NEP highlighted. Advt It added that based on generation planning studies carried out for the period of 2022-27, the likely installed capacity for 2026-27 is 609 GW comprising 273 GW of conventional capacity and 336 GW of renewable-based capacity. Whereas, the projected capacity addition requirement during the period 2027-32 to meet the peak demand and energy requirement for the year 2031-32 is 291 GW comprising 32 GW of conventional capacity and 259 GW of renewable capacity. For the period of 2027-32, the likely installed capacity for 2031-32 is 900 GW comprising 304 GW of conventional capacity and 596 GW of renewable capacity. The document further added that the contribution of RE sources to the installed capacity has increased from 5.8 per cent in 2006–07 to 39 per cent in 2021-22 till 31 March 2022 and further increased to 41per cent as on 31 December 2022 and its energy contribution in the total generation has increased to 21.54 per cent in 2021-22 from 1.5 per cent in 2006-07. It said that based on the study results, the country is likely to achieve a non-fossil fuel based installed capacity of 500 GW by the year 2029-30. By Aarushi Koundal , ETEnergyWorld Published On May 31, 2023 at 07:16 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post national electricity plan central electricity authority renewable energy nep india Home News Renewable Renewable energy installed capacity to reach 336 GW by 2026-27, 596 GW by 2031-32: National Electricity Plan
### Response:
YES
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YES
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Renewable energy installed capacity to reach 336 GW by 2026-27, 596 GW by 2031-32: National Electricity PlanNew Delhi: India’s renewable energy installed capacity is expected to reach 336.5 gigawatt (GW) by 2026-27 contributing to 35 per cent in the total energy mix and to reach 596 GW by 2031-32 contributing to 44 per cent in the total energy mix, according to the National Electricity Plan (NEP) notified by the Central Electricity Authority on Wednesday. It said that a total capacity addition of 31.8 GW from conventional sources and 180 GW from renewable energy sources has been envisaged for the period 2022-2027. “Out of this a capacity of 11 GW which comprises 120 MW of large hydro, 9,306 MW of solar, 1,572 MW of wind and 138 MW of other RE has been commissioned during 2022-23 as on 31 December 2022,” added the document. Advt The total fund required for the period 2022-2027 is estimated to be Rs 14,54,188 crores, which also includes the likely expenditure during this period for the projects expected to get commissioned during 2027- 2032. India’s cumulative installed capacity of renewable energy - including large hydro - as on 31 March 2022 is 156 GW. This has increased to 167 GW as on 31 December 2022. The NEP document noted that the total fund requirement for the period 2027-2032 is estimated to be Rs 19,06,406 crore. “The fund requirement for the period 2027-32 has been estimated based on total capacity addition of 291 GW, consisting of 32 GW from conventional energy sources, 259 GW of renewable energy sources and 38.5 GW/201 GWh of battery energy storage systems,” it added. The NEP includes a review of the period 2017-22, detailed capacity addition requirements during the years 2022-27, and perspective plan projections for the years 2027-32. Overall capacity addition: India’s overall installed capacity as on 31 March 2022 was 398 GW - excluding 510 MW of diesel - comprising 235 GW of thermal, 6.7 GW of nuclear, and 156 GW of renewable energy. “The projected capacity addition requirement during the period 2022-27 to meet the peak demand and energy requirement for 2026-27 is 211 GW comprising 31.8 GW of conventional capacity and 179.9 GW of renewable-based capacity,” the NEP highlighted. Advt It added that based on generation planning studies carried out for the period of 2022-27, the likely installed capacity for 2026-27 is 609 GW comprising 273 GW of conventional capacity and 336 GW of renewable-based capacity. Whereas, the projected capacity addition requirement during the period 2027-32 to meet the peak demand and energy requirement for the year 2031-32 is 291 GW comprising 32 GW of conventional capacity and 259 GW of renewable capacity. For the period of 2027-32, the likely installed capacity for 2031-32 is 900 GW comprising 304 GW of conventional capacity and 596 GW of renewable capacity. The document further added that the contribution of RE sources to the installed capacity has increased from 5.8 per cent in 2006–07 to 39 per cent in 2021-22 till 31 March 2022 and further increased to 41per cent as on 31 December 2022 and its energy contribution in the total generation has increased to 21.54 per cent in 2021-22 from 1.5 per cent in 2006-07. It said that based on the study results, the country is likely to achieve a non-fossil fuel based installed capacity of 500 GW by the year 2029-30. By Aarushi Koundal , ETEnergyWorld Published On May 31, 2023 at 07:16 PM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post national electricity plan central electricity authority renewable energy nep india Home News Renewable Renewable energy installed capacity to reach 336 GW by 2026-27, 596 GW by 2031-32: National Electricity Plan
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
PTC India signs two long-term agreements for 215 MW power purchase: CMDNew Delhi: Power trading solutions provider PTC India has signed two agreements for purchase of 215 MW electricity on a long term basis, company's CMD Rajib K Mishra said. While an agreement has been signed with Brookfield Renewables for purchase of 100 MW solar power, another pact is with V S Lignite for purchase of 115 MW thermal power, he said. Both the agreements signed recently are on a long-term basis, Mishra said. PTC India will market the power to various utilities and commercial and industrial consumers. On the company's Q4 results, the CMD said: 'We have announced a dividend of Rs 7.80 per equity share to our shareholders. The payment reflects our confidence in the business model and prospects of growth in future.' Advt PTC India posted a 17.67 per cent fall in its consolidated net profit at Rs 129.34 crore during the March quarter, over Rs 157.11 crore net profit during the January-March quarter of FY22. The company's total income, however, rose to Rs 3,643.02 crore from Rs 3,107.04 crore in the year-ago quarter. Mishra attributed the fall to '49 per cent reduction in net surcharge earned to Rs 108.53 crore in FY23'. Without sharing any numbers, he said the company is eyeing a robust growth in its business revenues during the financial year 2023-24 as it looks to tap opportunities like providing consultancy to stakeholders, signing new PPAs (power purchase agreements) throughout the year and increased supply of power from existing PPAs. 'PTC India has registered a 33 per cent increase in trade volume in the month of April FY23. We are eyeing robust growth,' he said. On a month-on-month basis, the company has witnessed a rise of 33 per cent in traded volume of power in April 2023, and the trend is likely to continue on the back of growing infrastructure across the country, he said. 'Our advisory business has shown a healthy growth. We aim to increase this share too,' Mishra said. PTC is a public-private partnership with major PSUs of the power ministry as promoters. As per its website, the share of the promoter companies (POWERGRID, NTPC, PFC & NHPC) is limited to 16 per cent and the balance 84 per cent is owned by financial institutions, large utilities and public. PTI Published On Jun 1, 2023 at 07:56 AM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post ptc india PTC PTC India Rajib K Mishra Brookfield Renewables powergrid ntpc pfc NHPC powergrid nhpc ntpc Home News Power PTC India signs two long-term agreements for 215 MW power purchase: CMD
### Response:
NO
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NO
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PTC India signs two long-term agreements for 215 MW power purchase: CMDNew Delhi: Power trading solutions provider PTC India has signed two agreements for purchase of 215 MW electricity on a long term basis, company's CMD Rajib K Mishra said. While an agreement has been signed with Brookfield Renewables for purchase of 100 MW solar power, another pact is with V S Lignite for purchase of 115 MW thermal power, he said. Both the agreements signed recently are on a long-term basis, Mishra said. PTC India will market the power to various utilities and commercial and industrial consumers. On the company's Q4 results, the CMD said: 'We have announced a dividend of Rs 7.80 per equity share to our shareholders. The payment reflects our confidence in the business model and prospects of growth in future.' Advt PTC India posted a 17.67 per cent fall in its consolidated net profit at Rs 129.34 crore during the March quarter, over Rs 157.11 crore net profit during the January-March quarter of FY22. The company's total income, however, rose to Rs 3,643.02 crore from Rs 3,107.04 crore in the year-ago quarter. Mishra attributed the fall to '49 per cent reduction in net surcharge earned to Rs 108.53 crore in FY23'. Without sharing any numbers, he said the company is eyeing a robust growth in its business revenues during the financial year 2023-24 as it looks to tap opportunities like providing consultancy to stakeholders, signing new PPAs (power purchase agreements) throughout the year and increased supply of power from existing PPAs. 'PTC India has registered a 33 per cent increase in trade volume in the month of April FY23. We are eyeing robust growth,' he said. On a month-on-month basis, the company has witnessed a rise of 33 per cent in traded volume of power in April 2023, and the trend is likely to continue on the back of growing infrastructure across the country, he said. 'Our advisory business has shown a healthy growth. We aim to increase this share too,' Mishra said. PTC is a public-private partnership with major PSUs of the power ministry as promoters. As per its website, the share of the promoter companies (POWERGRID, NTPC, PFC & NHPC) is limited to 16 per cent and the balance 84 per cent is owned by financial institutions, large utilities and public. PTI Published On Jun 1, 2023 at 07:56 AM IST Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Enter Email Download ETEnergyworld App Get Realtime updates Save your favourite articles Scan to download App Telegram Facebook Copy Link Be the first one to comment. Comment Now COMMENTS Comment Now Read Comment (1) All Comments Post Post ptc india PTC PTC India Rajib K Mishra Brookfield Renewables powergrid ntpc pfc NHPC powergrid nhpc ntpc Home News Power PTC India signs two long-term agreements for 215 MW power purchase: CMD
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Global warming pushes marine fish to polar waters: StudyWith vivid coral reefs and sizable concentrations of tuna, sea turtles and other species, the tropical oceans are recognised for their rich marine biodiversity. It has long been believed that the diversity of marine organisms gradually drops as we move poleward. However, a recent study noted global warming to have pushed fish populations towards colder waters in the north and south poles. Over the last century, global warming has substantially affected marine ecosystems, with fish species vanishing altogether from some locations, noted the research published in journal Global Change Biology on May 30, 2023. Also read: Odisha’s fish stocks are depleting, courtesy warming seas; here’s how Researchers from the University of Glasgow analysed global data and demonstrated how fish populations across the planet’s oceans are responding to rising sea temperatures. They examined data on 115 species spanning all major oceanic regions. The surrounding water’s temperature affects marine organisms’ vital functions, such as metabolism, growth and reproduction. Furthermore, these organisms often have a thin liveable temperature range; they are intolerant to even little variations in the water. As a result, marine life responds seven times faster to a warming environment than terrestrial animals. In certain circumstances, marine fish might be able to modify their biology and adapt to warmer environments. However, shifting the geographic range may be the only way to deal with the crisis in many instances. “Rate of warming in some regions may be too fast for fish to adapt, so relocating may be their best coping strategy. At the same time, we see that their ability to do so is also impacted by other factors, such as fishing, with commercially exploited species moving more slowly,” Carolin Dahms, lead author of the study, said in a press release. The researchers raised concerns over the potential impacts of such migrations on the ecosystem. Down the road, there might be severe repercussions if these species’ prey doesn’t follow them or they start to cause an invasive disturbance in their new habitat, they warned. “While relocation to cooler water may allow these species to persist in the short-term, it remains to be seen how foodwebs and ecosystems will be affected by these changes,” said Shaun Killen, senior author of the study. The researchers noted that our capacity to anticipate fish relocations would be crucial to safeguarding the world’s ecosystems and preserving food security as the impacts of global warming on marine ecosystems are expected to worsen. Read more: Discarded fishing gear threatens Ganga dolphins, turtles Aid to Odisha fisherfolk doubled for fishing ban to save turtles; Is it enough? जलवायु परिवर्तन से जुड़ी सभी खबरें हिंदी में पढ़ें। Fish ocean warming Marine Ecosystems equator North Pole south pole Ocean Fertilization Climate Change World Subscribe to Daily Newsletter : SUPPORT US We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together. Post a Comment Please Sign In to post a comment. Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.
### Response:
YES
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YES
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Global warming pushes marine fish to polar waters: StudyWith vivid coral reefs and sizable concentrations of tuna, sea turtles and other species, the tropical oceans are recognised for their rich marine biodiversity. It has long been believed that the diversity of marine organisms gradually drops as we move poleward. However, a recent study noted global warming to have pushed fish populations towards colder waters in the north and south poles. Over the last century, global warming has substantially affected marine ecosystems, with fish species vanishing altogether from some locations, noted the research published in journal Global Change Biology on May 30, 2023. Also read: Odisha’s fish stocks are depleting, courtesy warming seas; here’s how Researchers from the University of Glasgow analysed global data and demonstrated how fish populations across the planet’s oceans are responding to rising sea temperatures. They examined data on 115 species spanning all major oceanic regions. The surrounding water’s temperature affects marine organisms’ vital functions, such as metabolism, growth and reproduction. Furthermore, these organisms often have a thin liveable temperature range; they are intolerant to even little variations in the water. As a result, marine life responds seven times faster to a warming environment than terrestrial animals. In certain circumstances, marine fish might be able to modify their biology and adapt to warmer environments. However, shifting the geographic range may be the only way to deal with the crisis in many instances. “Rate of warming in some regions may be too fast for fish to adapt, so relocating may be their best coping strategy. At the same time, we see that their ability to do so is also impacted by other factors, such as fishing, with commercially exploited species moving more slowly,” Carolin Dahms, lead author of the study, said in a press release. The researchers raised concerns over the potential impacts of such migrations on the ecosystem. Down the road, there might be severe repercussions if these species’ prey doesn’t follow them or they start to cause an invasive disturbance in their new habitat, they warned. “While relocation to cooler water may allow these species to persist in the short-term, it remains to be seen how foodwebs and ecosystems will be affected by these changes,” said Shaun Killen, senior author of the study. The researchers noted that our capacity to anticipate fish relocations would be crucial to safeguarding the world’s ecosystems and preserving food security as the impacts of global warming on marine ecosystems are expected to worsen. Read more: Discarded fishing gear threatens Ganga dolphins, turtles Aid to Odisha fisherfolk doubled for fishing ban to save turtles; Is it enough? जलवायु परिवर्तन से जुड़ी सभी खबरें हिंदी में पढ़ें। Fish ocean warming Marine Ecosystems equator North Pole south pole Ocean Fertilization Climate Change World Subscribe to Daily Newsletter : SUPPORT US We are a voice to you; you have been a support to us. Together we build journalism that is independent, credible and fearless. You can further help us by making a donation. This will mean a lot for our ability to bring you news, perspectives and analysis from the ground so that we can make change together. Post a Comment Please Sign In to post a comment. Comments are moderated and will be published only after the site moderator’s approval. Please use a genuine email ID and provide your name. Selected comments may also be used in the ‘Letters’ section of the Down To Earth print edition.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Sugarcane farmers demand interest on pending cane duesThanjavur: The Tamil Nadu Cauvery Farmers Protection Association has urged the Tamil Nadu government to take action in calculating and providing interest for the delayed payment of the fair and remunerative price (FRP) for sugarcane purchased by sugar mills before and after the COVID-19 pandemic, reports The Hindu. In a letter directed to Tamil Nadu Chief Secretary V. Iraianbu, Sundara Vimalanathan, the secretary of the Tamilnadu Cauvery Farmers Protection Association, highlighted the fact that the majority of sugar mills in the state, both cooperative and private, have failed to make timely payments for the sugarcane procured from farmers during the pre-COVID period of 2017 and 2018, as well as the post-COVID period of 2022 and 2023. These payments were supposed to be made within 14 days from the date of cane procurement. As per section 3(A) of the Sugarcane (Control) Order, 1996, if the sugar mill fails to clear cane bills within 14 days of procurement, it should pay interest on that amount, he said. The government should apply this rule and ensure that the sugar mills pay interest on the delayed cane payment to the cane farmers, he said.
### Response:
YES
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YES
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Sugarcane farmers demand interest on pending cane duesThanjavur: The Tamil Nadu Cauvery Farmers Protection Association has urged the Tamil Nadu government to take action in calculating and providing interest for the delayed payment of the fair and remunerative price (FRP) for sugarcane purchased by sugar mills before and after the COVID-19 pandemic, reports The Hindu. In a letter directed to Tamil Nadu Chief Secretary V. Iraianbu, Sundara Vimalanathan, the secretary of the Tamilnadu Cauvery Farmers Protection Association, highlighted the fact that the majority of sugar mills in the state, both cooperative and private, have failed to make timely payments for the sugarcane procured from farmers during the pre-COVID period of 2017 and 2018, as well as the post-COVID period of 2022 and 2023. These payments were supposed to be made within 14 days from the date of cane procurement. As per section 3(A) of the Sugarcane (Control) Order, 1996, if the sugar mill fails to clear cane bills within 14 days of procurement, it should pay interest on that amount, he said. The government should apply this rule and ensure that the sugar mills pay interest on the delayed cane payment to the cane farmers, he said.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
European Stainless Steel HR Coil Prices Plunge Amid Subdued Market SentimentsThe prices of Stainless Steel HR Coil have been facing a significant decline in the European markets in May due to plummeting feedstock costs and weakening demand. The European stainless steel market remains mired in uncertainty and confusion, causing participants across the supply chain to postpone purchase decisions.
### Response:
YES
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YES
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European Stainless Steel HR Coil Prices Plunge Amid Subdued Market SentimentsThe prices of Stainless Steel HR Coil have been facing a significant decline in the European markets in May due to plummeting feedstock costs and weakening demand. The European stainless steel market remains mired in uncertainty and confusion, causing participants across the supply chain to postpone purchase decisions.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Bangladesh textile millers urge garment makers to buy yarn, fabrics from local millsThe textile mill owners in Bangladesh have called upon the apparel exporters in the country — both knitwear and woven garment makers — to source yarn and fabrics from local markets so as to help save the foreign reserves and help Bangladesh tide over the dollar crisis.This is as per reports, which underlined the President of the Bangladesh Textile Mills Association (BTMA), Mohammad Ali Khokon, appealed to the garment exporters to do so while addressing a press meet, convened by the BTPA in the capital Dhaka recently, in which the BGMEA chair dwelt on the current crisis situation of the textile sector stemming from the US dollar crisis, gas crisis and stockpiling of unsold yarn at the mills.As per reports, knitters and weavers in Bangladesh, imported 2.75 lakh tonnes of yarn worth Taka 10,616 crore in the January-April period of the current calendar year compared to the import of 4.60 tonnes of yarn worth Taka 17,436 crore, during the same period last year.
### Response:
YES
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YES
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Bangladesh textile millers urge garment makers to buy yarn, fabrics from local millsThe textile mill owners in Bangladesh have called upon the apparel exporters in the country — both knitwear and woven garment makers — to source yarn and fabrics from local markets so as to help save the foreign reserves and help Bangladesh tide over the dollar crisis.This is as per reports, which underlined the President of the Bangladesh Textile Mills Association (BTMA), Mohammad Ali Khokon, appealed to the garment exporters to do so while addressing a press meet, convened by the BTPA in the capital Dhaka recently, in which the BGMEA chair dwelt on the current crisis situation of the textile sector stemming from the US dollar crisis, gas crisis and stockpiling of unsold yarn at the mills.As per reports, knitters and weavers in Bangladesh, imported 2.75 lakh tonnes of yarn worth Taka 10,616 crore in the January-April period of the current calendar year compared to the import of 4.60 tonnes of yarn worth Taka 17,436 crore, during the same period last year.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
1 lakh crore plan for largest grain store gets nodNEW DELHI: The Cabinet on Wednesday approved a Rs 1 lakh crore plan to create the world's largest grain storage capacity in India in the cooperative sector through convergence of various existing schemes of the ministries of agriculture, food and public distribution and food processing industries. The move will help reduce crop damage and prevent distress sale by farmers, besides strengthening the country's food security and creating job opportunities in rural India. Under the plan, facilitated by an inter-ministerial committee (IMC), the government will create 700 lakh tonnes of grain storage capacity in the cooperative sector over the next five years. The Cabinet also approved setting up the IMC. Calling it a 'visionary decision' which will lay the foundation of a prosperous, self-reliant and food grains-rich India, Union home and cooperation minister Amit Shah said lack of agricultural storage capacity leads to wastage of food-grains and farmers are forced to sell their crops at low prices. With this decision, farmers will now get modern grain storage facilities in their blocks through Primary Agricultural Credit Societies (PACS), so that they will be able to get fair prices for their grains, he added. Information and broadcasting minister Anurag Singh Thakur while addressing media on the cabinet decision said the programme will start 'with an expenditure of around Rs 1 lakh crore'. A godown of 2,000 tonne capacity will be established in each block, he added. The minister noted that the country's foodgrains production is currently around 3,100 lakh tonne, while the storage capacity is only about nearly 47% (1,450 lakh tonnes) of the total output. Adding 700 lakh tonne storage capacity will take the total capacity to 2,150 lakh tonne, he added. The multi-pronged plan aims to address not just the shortage of agricultural storage infrastructure in the country by facilitating establishment of godowns at the level of selected viable PACS, but also enable PACS to undertake various other activities such as functioning as procurement centres for state agencies/ Food Corporation of India (FCI), serving as Fair Price Shops (FPS) and setting up custom hiring centers and common processing units. 'Creation and modernisation of infrastructure at the level of PACS will reduce food-grain wastage by creating sufficient storage capacity, strengthen food security of the country and enable farmers to realise better prices for their crops,' said a statement of the ministry of cooperation on the Cabinet decision. The IMC will be constituted under the chairmanship of Shah with agriculture, food and public distribution and food processing industries ministers, and secretaries concerned as members. The plan would be implemented by utilising the available outlays provided under the identified schemes of all these ministries. In order to ensure time bound and uniform implementation of the plan in a professional manner, the ministry of cooperation will first implement a pilot project in at least 10 selected districts of different states/ UTs.
### Response:
YES
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YES
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1 lakh crore plan for largest grain store gets nodNEW DELHI: The Cabinet on Wednesday approved a Rs 1 lakh crore plan to create the world's largest grain storage capacity in India in the cooperative sector through convergence of various existing schemes of the ministries of agriculture, food and public distribution and food processing industries. The move will help reduce crop damage and prevent distress sale by farmers, besides strengthening the country's food security and creating job opportunities in rural India. Under the plan, facilitated by an inter-ministerial committee (IMC), the government will create 700 lakh tonnes of grain storage capacity in the cooperative sector over the next five years. The Cabinet also approved setting up the IMC. Calling it a 'visionary decision' which will lay the foundation of a prosperous, self-reliant and food grains-rich India, Union home and cooperation minister Amit Shah said lack of agricultural storage capacity leads to wastage of food-grains and farmers are forced to sell their crops at low prices. With this decision, farmers will now get modern grain storage facilities in their blocks through Primary Agricultural Credit Societies (PACS), so that they will be able to get fair prices for their grains, he added. Information and broadcasting minister Anurag Singh Thakur while addressing media on the cabinet decision said the programme will start 'with an expenditure of around Rs 1 lakh crore'. A godown of 2,000 tonne capacity will be established in each block, he added. The minister noted that the country's foodgrains production is currently around 3,100 lakh tonne, while the storage capacity is only about nearly 47% (1,450 lakh tonnes) of the total output. Adding 700 lakh tonne storage capacity will take the total capacity to 2,150 lakh tonne, he added. The multi-pronged plan aims to address not just the shortage of agricultural storage infrastructure in the country by facilitating establishment of godowns at the level of selected viable PACS, but also enable PACS to undertake various other activities such as functioning as procurement centres for state agencies/ Food Corporation of India (FCI), serving as Fair Price Shops (FPS) and setting up custom hiring centers and common processing units. 'Creation and modernisation of infrastructure at the level of PACS will reduce food-grain wastage by creating sufficient storage capacity, strengthen food security of the country and enable farmers to realise better prices for their crops,' said a statement of the ministry of cooperation on the Cabinet decision. The IMC will be constituted under the chairmanship of Shah with agriculture, food and public distribution and food processing industries ministers, and secretaries concerned as members. The plan would be implemented by utilising the available outlays provided under the identified schemes of all these ministries. In order to ensure time bound and uniform implementation of the plan in a professional manner, the ministry of cooperation will first implement a pilot project in at least 10 selected districts of different states/ UTs.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
China’s steel sector PMI decreases to 35.2 percent in MayIn May this year, the purchasing managers index (PMI) for the Chinese steel sector was at 35.2 percent, down 9.8 percentage points compared to April this year, as announced by the China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP). In May, the production index for the Chinese steel sector stood at 27.5 percent, 19.7 percentage points lower than that recorded in April. In May, the new order index stood at 27.4 percent, 12.5 percentage points lower than that recorded in April, signaling the faster declining pace in the given month. Moreover, in May, the index of raw material purchase price stood at 18.4 percent, 18.3 percentage points lower than April, hitting the lowest level over the past year. In May, prices of all raw materials indicated overall declining trends. The demand for steel will likely continue to be slack in June due to the hot weather in summer. It is thought that finished steel prices may fluctuate within a limited range at low level in June. $1 = RMB 7.0821
### Response:
YES
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YES
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China’s steel sector PMI decreases to 35.2 percent in MayIn May this year, the purchasing managers index (PMI) for the Chinese steel sector was at 35.2 percent, down 9.8 percentage points compared to April this year, as announced by the China Steel Logistics Committee (CSLC), which is part of the China Federation of Logistics and Purchasing (CFLP). In May, the production index for the Chinese steel sector stood at 27.5 percent, 19.7 percentage points lower than that recorded in April. In May, the new order index stood at 27.4 percent, 12.5 percentage points lower than that recorded in April, signaling the faster declining pace in the given month. Moreover, in May, the index of raw material purchase price stood at 18.4 percent, 18.3 percentage points lower than April, hitting the lowest level over the past year. In May, prices of all raw materials indicated overall declining trends. The demand for steel will likely continue to be slack in June due to the hot weather in summer. It is thought that finished steel prices may fluctuate within a limited range at low level in June. $1 = RMB 7.0821
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
US slab imports down 47.2 percent in AprilAccording to preliminary census data from the US Department of Commerce, US imports of slab totaled 222,882 mt in April 2023, down 47.2 percent from March and down 9.2 percent from April 2022 levels. By value, slab imports totaled $167.0 million in April 2023, compared to $259.0 million in March and $174.7 million in April 2022. The US imported the most slab from Brazil in April, with 118,089 mt, compared to 325,637 mt in March and 145,601 mt in April 2022. Other top sources of imported slab in April include Mexico, with 54,655 mt; Canada, with 41,096 mt; and Japan, with 8,973 mt.
### Response:
YES
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YES
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US slab imports down 47.2 percent in AprilAccording to preliminary census data from the US Department of Commerce, US imports of slab totaled 222,882 mt in April 2023, down 47.2 percent from March and down 9.2 percent from April 2022 levels. By value, slab imports totaled $167.0 million in April 2023, compared to $259.0 million in March and $174.7 million in April 2022. The US imported the most slab from Brazil in April, with 118,089 mt, compared to 325,637 mt in March and 145,601 mt in April 2022. Other top sources of imported slab in April include Mexico, with 54,655 mt; Canada, with 41,096 mt; and Japan, with 8,973 mt.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Steel consumption in Mexico up 9.4 percent in AprilThe apparent consumption of liquid steel in Mexico increased 9.4 percent, year-over-year, in April to 2.56 million metric tons (mt), which is at least the sixth consecutive annual increase. In contrast, national production accumulated five consecutive drops, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. At least in the last six months (since November 2022), the increase reported in April is the highest in steel consumption in the Mexican market. In the accumulated four months to April, consumption increased 7.5 percent or 1.03 million mt to 14.71 million mt. In contrast, steel production in Mexico accumulated at least five consecutive declines. In April, 1.40 million mt, 8.1 percent less, was manufactured, and in the accumulated to April it totaled 5.62 million mt, 8.1 less compared to the January-April period of last year. In finished steel products, with the few statistical data available, production accumulated its second consecutive drop. In April, it decreased 3.0 percent, compared to the same month in 2022, to 1.63 million mt. So far this year, the first drop was in March at 0.3 percent, year-over-year. Consumption of finished steel products in the Mexican market grew 9.6 percent to 2.26 million mt. It is the fifth consecutive increase and the fourth so far this year. In the accumulated January-April it increased 7.8 percent to 9.02 million mt.
### Response:
NO
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NO
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Steel consumption in Mexico up 9.4 percent in AprilThe apparent consumption of liquid steel in Mexico increased 9.4 percent, year-over-year, in April to 2.56 million metric tons (mt), which is at least the sixth consecutive annual increase. In contrast, national production accumulated five consecutive drops, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. At least in the last six months (since November 2022), the increase reported in April is the highest in steel consumption in the Mexican market. In the accumulated four months to April, consumption increased 7.5 percent or 1.03 million mt to 14.71 million mt. In contrast, steel production in Mexico accumulated at least five consecutive declines. In April, 1.40 million mt, 8.1 percent less, was manufactured, and in the accumulated to April it totaled 5.62 million mt, 8.1 less compared to the January-April period of last year. In finished steel products, with the few statistical data available, production accumulated its second consecutive drop. In April, it decreased 3.0 percent, compared to the same month in 2022, to 1.63 million mt. So far this year, the first drop was in March at 0.3 percent, year-over-year. Consumption of finished steel products in the Mexican market grew 9.6 percent to 2.26 million mt. It is the fifth consecutive increase and the fourth so far this year. In the accumulated January-April it increased 7.8 percent to 9.02 million mt.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Mexican steel trade volume drops 10 percent in AprilThe volume of the commercial flow of the Mexican steel industry remains depressed, decreasing 10.1 percent in April, year-over-year, to 1.17 million metric tons (mt). Mexican exports plummeted more than 40 percent, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. The Mexican market registered in April the second largest imported volume of finished steel products in the last six months with 902,000 mt, 6.9 percent more than in the same month last year. This volume represented 77.1 percent of Mexico's steel trade flow. Exports of steel manufactured in Mexico decreased 41.4 percent, year-over-year, in April, totaling 268,000 mt. That volume exported in April broke the floor of 300,000 mt and is the lowest level in at least the last six months. Data on Mexico's steel industry foreign trade show that in April, for every ton of finished steel products exported, 3.4 tons were imported, mainly from the United States (35.9 percent of the total), Japan (18.4 percent), South Korea (15.4 percent), China (6.1 percent) and Germany (4.8 percent of the total). Those five countries concentrated 80.6 percent of imports. By volume, imported US steel decreased 0.6 percent, year-over-year, in April to 324,000 mt. From Vietnam it decreased 60.0 percent to 8,000 mt, from China it decreased 26.7 percent to 55,000 mt, and from South Korea it decreased 18.7 percent to 139,000 mt. In contrast, imports from Japan rose 64.4 percent to 166,000 mt, from Germany they rose 95.5 percent to 43,000 mt, and from Taiwan they grew 44.4 percent to 13,000 mt. The main destination of finished Mexican steel products in April was the United States with 79.8 percent of the total and Colombia with 5.2 percent. Those two countries concentrated 85.0 percent. In April, year-over-year, products exported to the United States decreased 30.6 percent to 213,000 mt and to Colombia they decreased 60.0 percent to 14,000 mt.
### Response:
NO
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NO
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Mexican steel trade volume drops 10 percent in AprilThe volume of the commercial flow of the Mexican steel industry remains depressed, decreasing 10.1 percent in April, year-over-year, to 1.17 million metric tons (mt). Mexican exports plummeted more than 40 percent, according to data from the Mexican Chamber of the Iron and Steel Industry (Canacero) reviewed by SteelOrbis. The Mexican market registered in April the second largest imported volume of finished steel products in the last six months with 902,000 mt, 6.9 percent more than in the same month last year. This volume represented 77.1 percent of Mexico's steel trade flow. Exports of steel manufactured in Mexico decreased 41.4 percent, year-over-year, in April, totaling 268,000 mt. That volume exported in April broke the floor of 300,000 mt and is the lowest level in at least the last six months. Data on Mexico's steel industry foreign trade show that in April, for every ton of finished steel products exported, 3.4 tons were imported, mainly from the United States (35.9 percent of the total), Japan (18.4 percent), South Korea (15.4 percent), China (6.1 percent) and Germany (4.8 percent of the total). Those five countries concentrated 80.6 percent of imports. By volume, imported US steel decreased 0.6 percent, year-over-year, in April to 324,000 mt. From Vietnam it decreased 60.0 percent to 8,000 mt, from China it decreased 26.7 percent to 55,000 mt, and from South Korea it decreased 18.7 percent to 139,000 mt. In contrast, imports from Japan rose 64.4 percent to 166,000 mt, from Germany they rose 95.5 percent to 43,000 mt, and from Taiwan they grew 44.4 percent to 13,000 mt. The main destination of finished Mexican steel products in April was the United States with 79.8 percent of the total and Colombia with 5.2 percent. Those two countries concentrated 85.0 percent. In April, year-over-year, products exported to the United States decreased 30.6 percent to 213,000 mt and to Colombia they decreased 60.0 percent to 14,000 mt.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
China Tightens Supervision of Real Estate Projects by New Policies in Many PlacesRecently, many places have introduced relevant policies to strengthen the supervision of pre-sale funds of real estate projects.
### Response:
YES
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YES
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China Tightens Supervision of Real Estate Projects by New Policies in Many PlacesRecently, many places have introduced relevant policies to strengthen the supervision of pre-sale funds of real estate projects.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India: HRC export index falls to 5-mth low on bearish sentimentsSteelMint's India HRC (SAE1006) export index fell by $16/tonne (t) w-o-w to $570/t FOB east coast India against $586/t FOB seen in the previous week. The index has dropped to a five-month low level, as per data maintained with SteelMint. The steep drop in offers from countries like China, Vietnam, and Japan has weighed on Indian offers. Also, bid-offer disparity has kept Indian offers under check.
### Response:
YES
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YES
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India: HRC export index falls to 5-mth low on bearish sentimentsSteelMint's India HRC (SAE1006) export index fell by $16/tonne (t) w-o-w to $570/t FOB east coast India against $586/t FOB seen in the previous week. The index has dropped to a five-month low level, as per data maintained with SteelMint. The steep drop in offers from countries like China, Vietnam, and Japan has weighed on Indian offers. Also, bid-offer disparity has kept Indian offers under check.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Almonds: things could be worse
### Response:
YES
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YES
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Almonds: things could be worse
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Dried beans: sowing is almost completeLarger acreage for black kidney beansThe price for black kidney beans is currently stable on the Chinese market and is at USD 1,220/mt FOB Dalian for conventional goods, as last month. Demand is moderate, mainly due to the higher temperatures in China; pulses are much more in demand there in winter than in the summer months. Exporters also report that they do not have many orders to fill. Meanwhile, sowing for the new crop is nearing completion in northeast China and current estimates indicate that the area under cultivation will be larger than last year. Crop deve
### Response:
YES
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YES
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Dried beans: sowing is almost completeLarger acreage for black kidney beansThe price for black kidney beans is currently stable on the Chinese market and is at USD 1,220/mt FOB Dalian for conventional goods, as last month. Demand is moderate, mainly due to the higher temperatures in China; pulses are much more in demand there in winter than in the summer months. Exporters also report that they do not have many orders to fill. Meanwhile, sowing for the new crop is nearing completion in northeast China and current estimates indicate that the area under cultivation will be larger than last year. Crop deve
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Coal price hike may not increase power tariff for consumers, but input cost for industry may riseCoal prices were hiked by CIL on May 30. The increase in prices of coal by India's largest miner, Coal India Limited (CIL), is likely to have little to no impact on consumers directly as most power plants do not use the high-grade coal for which the prices have been increased, experts told Moneycontrol on May 31. However, the revised coal prices may be a cause of worry for energy-guzzling sectors like cement, aluminum, and steel among other commodities which use high-grade coal and may face higher input costs, experts said. They may be forced to increase prices and if they are not able to do so, they may witness a squeeze on margins. CIL hiked the prices of its high-grade coal by 8 percent owing to an increase in the wages of its non-executive staff, which constitute nearly 94 percent of the Central PSU's workforce. The prices have been increased for coal grades ranging from G2 to G10, which is considered high-quality fuel. The revised coal costs came into effect on May 31. Contrary to common perception, the hike in coal price may not necessarily result in a steep hike in power tariffs, according to experts. 'As the coal supplied to the power sector is generally of a lower calorific value, typically below 4200 kcal/kg, this price increase is unlikely to have any major impact on the electricity tariffs,' said Vikram V, vice president, and sector head, Corporate Ratings, ICRA Limited. But, a few thermal power plants could be impacted with a 6-7 paise per unit increase in their generation cost. High-grade coal production is limited to CIl subsidiaries such as Bharat Coking Coal Limited (BCCL) and Central Coalfields Limited (CCL). Related stories India will need 51,000 MW additional coal-based capacity by FY32 to meet growing power demand: Natio... Niraj Cement Consolidated March 2023 Net Sales at Rs 314.26 crore, up 96.97% Y-o-Y Also read: MC Interview | Don't expect shortage of coal, imports will continue to increase: Coal Secretary. 'Nonetheless, for power plants using high calorific value coal say of 4400 kcal/kg, the increase in cost of generation is estimated to be 6-7 paise per unit,' he said. To be sure, electricity is a concurrent subject in India because of which power tariffs of every state is decided by the state electricity regulatory commissions. Also, besides coal or fuel cost, there are several other reasons that go into increasing power tariffs in a state or union territory. Such reasons may include accumulated regulatory assets, increased capex, transmission and distribution losses and so on. M. Arun Kumar, Partner, Induslaw, said the price hike by CIL is for high-grade coal which is primarily used in the cement and metal industries. 'With the increase in input cost, we may see a price rise in cement, aluminum, and steel. This increase could impact a wide range of sectors such as infrastructure, construction, automotive and manufacturing sectors,' he said. 'The prices of coal (i.e. low-grade coal) which are generally used in thermal power plants remain unchanged and therefore, the fear of an increase in electricity tariff, that is typically passed on to end consumers, is allayed,' Kumar said. He further said that the coal price hike will help CIL increase its earnings to meet its costs and expenses, especially since there has been no increase since 2018, compelling CIL to absorb the cost of inflation and post-pandemic surge in demand and development of core sectors. CIL is expecting to earn a revenue of Rs 2703 crore for the balance period of the financial year 2023-24 and all add-ons would be as per the extant practice. This is likely to offset the burden of nearly Rs 6,000 crore on CIL to some extent which has been added due to the wage revision. According to ICICI Securities, the price hike, though inadequate to cover the entire wage hike, will mitigate almost 50 percent of the impact. 'As per our checks, CIL sells almost 80 percent of its coal in G7-G12 grades, hence the benefit to CIL is expected to be substantial. CIL's management has indicated incremental revenue of Rs27.03 billion for the balance period of FY24. As per our analysis, this equates to a hike of 2.2 percent for the entire volume of coal to be sold in FY24,' the domestic brokerage said in its report dated May 31. The brokerage raised its FY24/FY25E earnings per share (EPS) for CIL by 10.5 percent-11 percent. 'However, we do not expect most power plants to be impacted as they take lower grades of coal. That said, sponge iron and other players in non-regulated sectors are likely to be adversely impacted,' it stated. Prior to the May 30, 2023, coal price revision announcement, notified coal prices were revised by CIL in January 2018. The increase back then was effectively 11 percent. For 2025-26, the PSU has set a production target of 1 billion tonnes. Read More
### Response:
YES
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YES
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Coal price hike may not increase power tariff for consumers, but input cost for industry may riseCoal prices were hiked by CIL on May 30. The increase in prices of coal by India's largest miner, Coal India Limited (CIL), is likely to have little to no impact on consumers directly as most power plants do not use the high-grade coal for which the prices have been increased, experts told Moneycontrol on May 31. However, the revised coal prices may be a cause of worry for energy-guzzling sectors like cement, aluminum, and steel among other commodities which use high-grade coal and may face higher input costs, experts said. They may be forced to increase prices and if they are not able to do so, they may witness a squeeze on margins. CIL hiked the prices of its high-grade coal by 8 percent owing to an increase in the wages of its non-executive staff, which constitute nearly 94 percent of the Central PSU's workforce. The prices have been increased for coal grades ranging from G2 to G10, which is considered high-quality fuel. The revised coal costs came into effect on May 31. Contrary to common perception, the hike in coal price may not necessarily result in a steep hike in power tariffs, according to experts. 'As the coal supplied to the power sector is generally of a lower calorific value, typically below 4200 kcal/kg, this price increase is unlikely to have any major impact on the electricity tariffs,' said Vikram V, vice president, and sector head, Corporate Ratings, ICRA Limited. But, a few thermal power plants could be impacted with a 6-7 paise per unit increase in their generation cost. High-grade coal production is limited to CIl subsidiaries such as Bharat Coking Coal Limited (BCCL) and Central Coalfields Limited (CCL). Related stories India will need 51,000 MW additional coal-based capacity by FY32 to meet growing power demand: Natio... Niraj Cement Consolidated March 2023 Net Sales at Rs 314.26 crore, up 96.97% Y-o-Y Also read: MC Interview | Don't expect shortage of coal, imports will continue to increase: Coal Secretary. 'Nonetheless, for power plants using high calorific value coal say of 4400 kcal/kg, the increase in cost of generation is estimated to be 6-7 paise per unit,' he said. To be sure, electricity is a concurrent subject in India because of which power tariffs of every state is decided by the state electricity regulatory commissions. Also, besides coal or fuel cost, there are several other reasons that go into increasing power tariffs in a state or union territory. Such reasons may include accumulated regulatory assets, increased capex, transmission and distribution losses and so on. M. Arun Kumar, Partner, Induslaw, said the price hike by CIL is for high-grade coal which is primarily used in the cement and metal industries. 'With the increase in input cost, we may see a price rise in cement, aluminum, and steel. This increase could impact a wide range of sectors such as infrastructure, construction, automotive and manufacturing sectors,' he said. 'The prices of coal (i.e. low-grade coal) which are generally used in thermal power plants remain unchanged and therefore, the fear of an increase in electricity tariff, that is typically passed on to end consumers, is allayed,' Kumar said. He further said that the coal price hike will help CIL increase its earnings to meet its costs and expenses, especially since there has been no increase since 2018, compelling CIL to absorb the cost of inflation and post-pandemic surge in demand and development of core sectors. CIL is expecting to earn a revenue of Rs 2703 crore for the balance period of the financial year 2023-24 and all add-ons would be as per the extant practice. This is likely to offset the burden of nearly Rs 6,000 crore on CIL to some extent which has been added due to the wage revision. According to ICICI Securities, the price hike, though inadequate to cover the entire wage hike, will mitigate almost 50 percent of the impact. 'As per our checks, CIL sells almost 80 percent of its coal in G7-G12 grades, hence the benefit to CIL is expected to be substantial. CIL's management has indicated incremental revenue of Rs27.03 billion for the balance period of FY24. As per our analysis, this equates to a hike of 2.2 percent for the entire volume of coal to be sold in FY24,' the domestic brokerage said in its report dated May 31. The brokerage raised its FY24/FY25E earnings per share (EPS) for CIL by 10.5 percent-11 percent. 'However, we do not expect most power plants to be impacted as they take lower grades of coal. That said, sponge iron and other players in non-regulated sectors are likely to be adversely impacted,' it stated. Prior to the May 30, 2023, coal price revision announcement, notified coal prices were revised by CIL in January 2018. The increase back then was effectively 11 percent. For 2025-26, the PSU has set a production target of 1 billion tonnes. Read More
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Gold rises amid bets on Fed pause in June, debt ceiling uncertaintyInvesting.com-- Gold prices rose on Thursday, extending a recovery from two-month lows amid resurgent bets that the Federal Reserve will hold interest rates steady in June, while focus remained on an ongoing vote to raise the U.S. debt ceiling. Philadelphia Fed President Patrick Harker said on Wednesday that skipping a rate hike during the June 14 meeting could allow the bank more time to consider future rate decisions. While Harker specified that the Fed could still raise rates after June, his comments triggered a sharp jump in bets for a June pause- a reversal from the earlier consensus that the Fed would hike rates by 25 basis points in June.The trend offered some relief to gold prices, which sank to two-month lows earlier this week on expectations of more pressure from higher interest rates. Rising interest rates push up the opportunity cost of holding non-yielding assets such as gold, weighing on investor demand. Spot gold rose 0.2% to $1,966.42 an ounce, while gold futures rose 0.1% to a two-week high of $1,983.40 an ounce by 20:36 ET (00:36 GMT). Both instruments were also trading higher for the week, as they recovered from a two-month low hit earlier.The dollar fell 0.2% in Asian trade, also benefiting metal prices. But the greenback still remained close to 10-week highs hit in May, buoyed by the prospect of higher-for-longer U.S. rates, with markets now awaiting nonfarm payrolls data, due on Friday, for more potential cues on monetary policy. Focus also remained on an ongoing vote in Congress to raise the U.S. debt ceiling, with just a few days left for a U.S. default. Uncertainty over the debt ceiling had battered gold prices through May, while pushing up the dollar. Still, gold may see more bids this year, especially as global economic conditions deteriorate. Recent data showed that a post-reopening economic recovery in China was running out of steam, while manufacturing activity in the U.S. and Euro Zone was also slowing substantially. This weighed heavily on industrial metal prices, with copper sinking to a near seven-month low in May.Copper futures fell 0.1% to $3.6627 a pound on Thursday, after tumbling over 5% through May.The outlook for the red metal has become severely crimped by fears of a global economic slowdown this year, which could erode demand.
### Response:
NO
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NO
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Gold rises amid bets on Fed pause in June, debt ceiling uncertaintyInvesting.com-- Gold prices rose on Thursday, extending a recovery from two-month lows amid resurgent bets that the Federal Reserve will hold interest rates steady in June, while focus remained on an ongoing vote to raise the U.S. debt ceiling. Philadelphia Fed President Patrick Harker said on Wednesday that skipping a rate hike during the June 14 meeting could allow the bank more time to consider future rate decisions. While Harker specified that the Fed could still raise rates after June, his comments triggered a sharp jump in bets for a June pause- a reversal from the earlier consensus that the Fed would hike rates by 25 basis points in June.The trend offered some relief to gold prices, which sank to two-month lows earlier this week on expectations of more pressure from higher interest rates. Rising interest rates push up the opportunity cost of holding non-yielding assets such as gold, weighing on investor demand. Spot gold rose 0.2% to $1,966.42 an ounce, while gold futures rose 0.1% to a two-week high of $1,983.40 an ounce by 20:36 ET (00:36 GMT). Both instruments were also trading higher for the week, as they recovered from a two-month low hit earlier.The dollar fell 0.2% in Asian trade, also benefiting metal prices. But the greenback still remained close to 10-week highs hit in May, buoyed by the prospect of higher-for-longer U.S. rates, with markets now awaiting nonfarm payrolls data, due on Friday, for more potential cues on monetary policy. Focus also remained on an ongoing vote in Congress to raise the U.S. debt ceiling, with just a few days left for a U.S. default. Uncertainty over the debt ceiling had battered gold prices through May, while pushing up the dollar. Still, gold may see more bids this year, especially as global economic conditions deteriorate. Recent data showed that a post-reopening economic recovery in China was running out of steam, while manufacturing activity in the U.S. and Euro Zone was also slowing substantially. This weighed heavily on industrial metal prices, with copper sinking to a near seven-month low in May.Copper futures fell 0.1% to $3.6627 a pound on Thursday, after tumbling over 5% through May.The outlook for the red metal has become severely crimped by fears of a global economic slowdown this year, which could erode demand.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Milk co-ops shouldn’t be monopolistic, need to adhere to founding ideals: Milma ChairmanMilk federations in India should re-dedicate themselves to the founding ideals of the co-operative dairy movement that envisioned each State striving its best to build a robust and strife-free dairy sector, while refraining from inter-State competition, said KS Mani, Chairman, Kerala Co-operative Milk Marketing Federation (KCMMF), known by the brand Milma. In an article on World Milk Day, observed on June 1, Mani said the milk cooperatives in India were groomed in the 1970s by taking into account the circumstances prevailing in each State based on co-operative and federal principles.“This was a path-breaking initiative, backed by goals such as higher milk production and stronger generation of employment. The bottom line was to end malnutrition,” he said.“India is now the world’s largest milk producer and milk co-operatives have contributed immensely in achieving this. They have flourished by adhering to the cooperative and federal principles while upholding the interests of the consumers and the welfare of the dairy farmers in their home States. But unfortunately, of late, there have been attempts by some milk federations to transgress the limits set by these founding ideals by marketing liquid milk beyond their borders. At the end of the day, this will lead to serious consequences to the dairy co-operative movement in the country as a whole, Mani said. “Some co-operatives are behaving much like monopolistic firms in capitalist economies. Such activities are a threat to India’s spirit of cooperative federalism. This serious issue will be discussed at an imminent meeting of the National Dairy Development Board. Co-operatives, including Milma, are looking forward to the meeting with immense hope. We are charting out a strategy to counter this threat by sticking to the spirit of cooperatives,” Mani said.Dairy farmers in Kerala have deep anxieties about the recent influx of milk from other States. Adding to their worries, vested interests have started spreading rumors that price of milk sold by other States are less compared to that of Milma. Dairy farmers have always been Milma’s overriding priority, as was evident from its recent price revision that ensured that the large chunk of the benefits went to the farmer, Mani said.Noting that Kerala is on the verge of achieving self-sufficiency in milk production, he said Milma is working on an ambitious project to increase the export of its products, considering the nostalgia that expatriates have for Milma. The 2023 World Milk Day theme is “Sustainable Dairy: Good for the Planet, Good for You”, which emphasises the adoption of sustainable practices by the dairy sector to reduce the ecological costs when the planet is faced with the ill-effects of climate change. Comments
### Response:
YES
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YES
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Milk co-ops shouldn’t be monopolistic, need to adhere to founding ideals: Milma ChairmanMilk federations in India should re-dedicate themselves to the founding ideals of the co-operative dairy movement that envisioned each State striving its best to build a robust and strife-free dairy sector, while refraining from inter-State competition, said KS Mani, Chairman, Kerala Co-operative Milk Marketing Federation (KCMMF), known by the brand Milma. In an article on World Milk Day, observed on June 1, Mani said the milk cooperatives in India were groomed in the 1970s by taking into account the circumstances prevailing in each State based on co-operative and federal principles.“This was a path-breaking initiative, backed by goals such as higher milk production and stronger generation of employment. The bottom line was to end malnutrition,” he said.“India is now the world’s largest milk producer and milk co-operatives have contributed immensely in achieving this. They have flourished by adhering to the cooperative and federal principles while upholding the interests of the consumers and the welfare of the dairy farmers in their home States. But unfortunately, of late, there have been attempts by some milk federations to transgress the limits set by these founding ideals by marketing liquid milk beyond their borders. At the end of the day, this will lead to serious consequences to the dairy co-operative movement in the country as a whole, Mani said. “Some co-operatives are behaving much like monopolistic firms in capitalist economies. Such activities are a threat to India’s spirit of cooperative federalism. This serious issue will be discussed at an imminent meeting of the National Dairy Development Board. Co-operatives, including Milma, are looking forward to the meeting with immense hope. We are charting out a strategy to counter this threat by sticking to the spirit of cooperatives,” Mani said.Dairy farmers in Kerala have deep anxieties about the recent influx of milk from other States. Adding to their worries, vested interests have started spreading rumors that price of milk sold by other States are less compared to that of Milma. Dairy farmers have always been Milma’s overriding priority, as was evident from its recent price revision that ensured that the large chunk of the benefits went to the farmer, Mani said.Noting that Kerala is on the verge of achieving self-sufficiency in milk production, he said Milma is working on an ambitious project to increase the export of its products, considering the nostalgia that expatriates have for Milma. The 2023 World Milk Day theme is “Sustainable Dairy: Good for the Planet, Good for You”, which emphasises the adoption of sustainable practices by the dairy sector to reduce the ecological costs when the planet is faced with the ill-effects of climate change. Comments
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Plastics additives one focus in Paris treaty talksParis — Health concerns around additives in plastics are taking an elevated role at the plastics treaty talks, with scientists joining the negotiations to debate how the agreement should handle complex chemical heath questions.
### Response:
YES
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YES
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Plastics additives one focus in Paris treaty talksParis — Health concerns around additives in plastics are taking an elevated role at the plastics treaty talks, with scientists joining the negotiations to debate how the agreement should handle complex chemical heath questions.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Lumene launches fully biobased cosmetic packagingFinnish beauty brand Lumene has become the first to launch a biobased packaging application in which both the jar and the label are made with renewably sourced material.The new jar and the self-adhesive label are manufactured from materials derived from bio-naphtha. Lumene took a holistic view of the whole package by using renewable fossil-free feedstocks in the primary plastic as well as the label, said Eliisa Laurikainen, business development manager at UPM Raflatac. “Both are critical to the brand experience and integral to the circularity and climate performance of packaging,” she emphasised.UPM Biofuels, in Finland, produces the bio-naphtha from tall oil, a residue of the pulping process. UPM Biofuels markets it under the UPM BioVerno name. This wood-based renewable naphtha can be used to replace fossil raw materials in various end uses.In this case, it is processed into certified renewable polypropylene by Sabic and converted into a cosmetic container. The product label is printed on wood-based UPM Raflatac Forest Film label material.For Lumene, the choice of material was determined by the brand’s ambition to reduce the carbon footprint of their packaging.“Lumene’s ambition is to have 80% of its packaging made from recycled and biobased plastics by 2025,” explained Essi Arola, head of R&D Packaging and Sustainability at Lumene.“We are committed to replacing fossil-based feedstocks with renewable ones.Annually, some 1.5 million jars and film labels will be made based on renewable raw materials, reducing the volume of fossil-based plastics used by over 60 tons as well as significantly lowering the packaging’s carbon footprint - ‘an excellent example of a future beyond fossils’, noted Juha Rainio, sales and marketing director at UPM Biofuels.The PP produced by Sabic is part of that company’s Trucircle portfolio. “We firmly believe that collaboration and innovation are driving the sustainable transformation of our industry. SABIC’s certified renewable materials demonstrate how our Trucircle solutions can contribute toward our shared goals for carbon neutrality,” said Lada Kurelec, General Manager, PP & E4PS Business at Sabic.Each partner in the supply chain has earned ISCC Plus sustainability certification.The UPM Raflatac’s Forest Film product range and Sabic’s PP are produced using sustainable bio-feedstock, replacing the equivalent amount of fossil resources used in the production process, using a mass balance approach, accounting for the amount of sustainable resources.
### Response:
YES
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YES
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Lumene launches fully biobased cosmetic packagingFinnish beauty brand Lumene has become the first to launch a biobased packaging application in which both the jar and the label are made with renewably sourced material.The new jar and the self-adhesive label are manufactured from materials derived from bio-naphtha. Lumene took a holistic view of the whole package by using renewable fossil-free feedstocks in the primary plastic as well as the label, said Eliisa Laurikainen, business development manager at UPM Raflatac. “Both are critical to the brand experience and integral to the circularity and climate performance of packaging,” she emphasised.UPM Biofuels, in Finland, produces the bio-naphtha from tall oil, a residue of the pulping process. UPM Biofuels markets it under the UPM BioVerno name. This wood-based renewable naphtha can be used to replace fossil raw materials in various end uses.In this case, it is processed into certified renewable polypropylene by Sabic and converted into a cosmetic container. The product label is printed on wood-based UPM Raflatac Forest Film label material.For Lumene, the choice of material was determined by the brand’s ambition to reduce the carbon footprint of their packaging.“Lumene’s ambition is to have 80% of its packaging made from recycled and biobased plastics by 2025,” explained Essi Arola, head of R&D Packaging and Sustainability at Lumene.“We are committed to replacing fossil-based feedstocks with renewable ones.Annually, some 1.5 million jars and film labels will be made based on renewable raw materials, reducing the volume of fossil-based plastics used by over 60 tons as well as significantly lowering the packaging’s carbon footprint - ‘an excellent example of a future beyond fossils’, noted Juha Rainio, sales and marketing director at UPM Biofuels.The PP produced by Sabic is part of that company’s Trucircle portfolio. “We firmly believe that collaboration and innovation are driving the sustainable transformation of our industry. SABIC’s certified renewable materials demonstrate how our Trucircle solutions can contribute toward our shared goals for carbon neutrality,” said Lada Kurelec, General Manager, PP & E4PS Business at Sabic.Each partner in the supply chain has earned ISCC Plus sustainability certification.The UPM Raflatac’s Forest Film product range and Sabic’s PP are produced using sustainable bio-feedstock, replacing the equivalent amount of fossil resources used in the production process, using a mass balance approach, accounting for the amount of sustainable resources.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
World’s Most Incredible Plastic PackagingThe annual WorldStar packaging awards managed by the World Packaging Organisation provide the ultimate snapshot of global packaging innovation. What makes the WPO awards program unique is that winners must first be recognized by their respective national packaging associations in that country.The WPO then takes the vetting process to the next level.The 2023 WorldStar winners were celebrated in a May 6 ceremony at Messe Düsseldorf during the interpack tradeshow where 140 company representatives from a total of 228 winners were present to receive their trophies. The winners were from a record-busting 488 entries from 41 countries.“These numbers confirm that WorldStar is the most prestigious and important packaging award on the globe, and interpack was the perfect place to award these incredible packages,” said Soha Atallah, WorldStar Coordinator and WPO Vice President of Events.PlasticsToday presents a diverse curated selection of plastic packaging from among the winners from to blister films made from biomass to copper-embedded films to increase shelf life to a plastic pump sprayer engineered for circularity (all shown above L-to-R) to 100% rPET bottles.If one theme stands out, it’s the top influencer throughout packaging and beyond: sustainability.Our slideshow gallery of nine packaging innovations starts with a breakthrough recycled PET bottle made using 30% PET sourced from advanced recycling technology.
### Response:
YES
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YES
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World’s Most Incredible Plastic PackagingThe annual WorldStar packaging awards managed by the World Packaging Organisation provide the ultimate snapshot of global packaging innovation. What makes the WPO awards program unique is that winners must first be recognized by their respective national packaging associations in that country.The WPO then takes the vetting process to the next level.The 2023 WorldStar winners were celebrated in a May 6 ceremony at Messe Düsseldorf during the interpack tradeshow where 140 company representatives from a total of 228 winners were present to receive their trophies. The winners were from a record-busting 488 entries from 41 countries.“These numbers confirm that WorldStar is the most prestigious and important packaging award on the globe, and interpack was the perfect place to award these incredible packages,” said Soha Atallah, WorldStar Coordinator and WPO Vice President of Events.PlasticsToday presents a diverse curated selection of plastic packaging from among the winners from to blister films made from biomass to copper-embedded films to increase shelf life to a plastic pump sprayer engineered for circularity (all shown above L-to-R) to 100% rPET bottles.If one theme stands out, it’s the top influencer throughout packaging and beyond: sustainability.Our slideshow gallery of nine packaging innovations starts with a breakthrough recycled PET bottle made using 30% PET sourced from advanced recycling technology.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
India may need up to 27 GW new coal-based power plants till FY32 New Delhi: Coal will continue to dominate India’s power landscape, despite the country’s push for renewable energy. The plan anticipates an additional need for 19-27 gigawatts (GW) of coal-based power till FY2032, supplementing the under-construction capacity of 26.9 GW. Investments of ₹2.18 trillion and ₹1.85 trillion are projected for the setting up of thermal power plants during FY22-27 and FY27-32 respectively, according to the plan notified by the Central Electricity Authority (CEA). This reliance on coal indicates thermal power’s pivotal role in India’s electricity infrastructure, even as the nation strives to achieve its ambitious clean energy objectives. The report said India is on track to meet its target of 500 GW non-fossil fuel installed capacity by 2029-30. These projections are particularly crucial as India’s electricity demand grows around 10% annually, with a peak coal demand forecast between 2030 and 2035. It further said that the projected all India peak electricity demand and electrical energy requirement is 277.2 GW and 1907.8 BU (billion units) for the year 2026-27 and 366.4 GW and 2473.8 BU for the year 2031-32 respectively. This year, the peak demand has touched a record high of 221 GW. In terms of overall investments to meet the required power demand through several sources, it has estimated a required investment of ₹33.6 trillion in the country’s power sector including both conventional and renewable energy capacity till FY32. For the period of FY22-27, the electricty plan has has envisaged a total capacity addition of 31.880 GW from conventional sources including coal, gas and nuclear and 179.939 GW from renewable energy sources such as hydro, pumped storage plants, solar, wind and biomass with 8680MW/34720 MWh of battery energy storage system (BESS). Simarly, from FY28 to FY32, the a total of 291.802 GW, consisting of 32.080 GW from conventional energy sources, 259.722 GW of renewable energy sources and 38,564 MW/201500 MWh of BESS. On the sources for the required funds, the plan said that during the five years ending FY27, developers will be required to infuse equity amount totalling to ₹3,63,547 crores. Further, they will have to arrange for total debt of ₹10,90,641 crores, it said. Similarly, the equity and debt requirement for the period FY27-32 have been estimated as ₹4,76,602 crores and ₹14,29,805 crores respectively. It noted that the equity can be arranged from surplus generated from operations, initial public offerings by listing in markets, follow on public issues, convertible debentures and monetization of operational assets. As per NITI Aayog estimates, funds availability for power sector from National Monetization Pipeline is estimated to be ₹85,032 crore over 2022-25.
### Response:
YES
|
YES
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India may need up to 27 GW new coal-based power plants till FY32 New Delhi: Coal will continue to dominate India’s power landscape, despite the country’s push for renewable energy. The plan anticipates an additional need for 19-27 gigawatts (GW) of coal-based power till FY2032, supplementing the under-construction capacity of 26.9 GW. Investments of ₹2.18 trillion and ₹1.85 trillion are projected for the setting up of thermal power plants during FY22-27 and FY27-32 respectively, according to the plan notified by the Central Electricity Authority (CEA). This reliance on coal indicates thermal power’s pivotal role in India’s electricity infrastructure, even as the nation strives to achieve its ambitious clean energy objectives. The report said India is on track to meet its target of 500 GW non-fossil fuel installed capacity by 2029-30. These projections are particularly crucial as India’s electricity demand grows around 10% annually, with a peak coal demand forecast between 2030 and 2035. It further said that the projected all India peak electricity demand and electrical energy requirement is 277.2 GW and 1907.8 BU (billion units) for the year 2026-27 and 366.4 GW and 2473.8 BU for the year 2031-32 respectively. This year, the peak demand has touched a record high of 221 GW. In terms of overall investments to meet the required power demand through several sources, it has estimated a required investment of ₹33.6 trillion in the country’s power sector including both conventional and renewable energy capacity till FY32. For the period of FY22-27, the electricty plan has has envisaged a total capacity addition of 31.880 GW from conventional sources including coal, gas and nuclear and 179.939 GW from renewable energy sources such as hydro, pumped storage plants, solar, wind and biomass with 8680MW/34720 MWh of battery energy storage system (BESS). Simarly, from FY28 to FY32, the a total of 291.802 GW, consisting of 32.080 GW from conventional energy sources, 259.722 GW of renewable energy sources and 38,564 MW/201500 MWh of BESS. On the sources for the required funds, the plan said that during the five years ending FY27, developers will be required to infuse equity amount totalling to ₹3,63,547 crores. Further, they will have to arrange for total debt of ₹10,90,641 crores, it said. Similarly, the equity and debt requirement for the period FY27-32 have been estimated as ₹4,76,602 crores and ₹14,29,805 crores respectively. It noted that the equity can be arranged from surplus generated from operations, initial public offerings by listing in markets, follow on public issues, convertible debentures and monetization of operational assets. As per NITI Aayog estimates, funds availability for power sector from National Monetization Pipeline is estimated to be ₹85,032 crore over 2022-25.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Gold holdings with central bks to rise in next 1 yr, says WGC surveyInformist, Wednesday, May 31, 2023 MUMBAI – Gold holdings with global central banks are likely to rise in the next 12 months as the precious metal is seen as a reserve asset, according to a new survey by the World Gold Council. In the survey, which had responses from central banks from both advanced economies and emerging markets, gold is viewed slightly more favourably than last year, with 71% saying that holdings of the yellow metal will rise in the next 12 months compared with 61% in 2022. Central banks from emerging markets said the share of gold in global reserves is likely to rise five years from now. In the survey, 68% of the respondents from emerging markets shared the view, against only 38% of the respondents from advanced economies. Additionally, nearly a quarter of central banks around the world plan to increase their gold reserves in the next 12 months amid geopolitical concerns, rising inflation, and steep interest rates, according to the survey. The survey had a total of 59 responses, out of which 24% of central banks respondents intended to increase their gold holdings in overall reserves in the next one year. 'These results come amidst a backdrop of ongoing geopolitical tensions as the war in Ukraine continues and the ensuing macroeconomic fallout of prolonged inflation and tighter monetary policy persists,' the survey said. 'The rationale to increase gold holdings therefore comes as no surprise since 'interest rate levels', 'inflation concerns', and 'geopolitical risks' continue to be the leading factors in central bankers' reserve management decisions as they were last year.' In the survey, central banks in emerging markets and developed economies had diverging views on a number of subjects, including the US dollar's place in global reserves. In particular, 54% of the respondents from advanced economies said the dollar's share in global reserves would remain unchanged five years from now, while only 20% respondents from emerging markets shared the view. In contrast, only 46% of respondents from advanced economies believed the dollar's share in global reserves will fall, while 58% from emerging markets agreed with the view. 'EMDE (emerging market and developing economy) central banks, which have been the primary driver of gold buying since the 2008 global financial crisis, appear to more pessimistic about the US dollar’s future and more optimistic about gold’s future,' the survey showed. In terms of gold holdings by India's central bank, the Reserve Bank of India's reserves rose by 34.21 tn in the year ended March to 794.63 tn. According to the World Gold Council data, RBI's gold holdings rose by 3.5 tn in March. 'The future of the international monetary system continues to be in flux, with EMDE central banks also expressing less confidence in the US dollar’s supremacy than their advanced economy counterparts. In the face of these trends and an ever-changing investment environment, central bank gold demand is likely to remain robust,' WGC said in the survey. End Reported by Sayantan Sarkar Edited by Vidhi Verma For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation. Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd. Informist Media Tel +91 (22) 6985-4000 Send comments to [email protected] © Informist Media Pvt. Ltd. 2023. All rights reserved.
### Response:
YES
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YES
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Gold holdings with central bks to rise in next 1 yr, says WGC surveyInformist, Wednesday, May 31, 2023 MUMBAI – Gold holdings with global central banks are likely to rise in the next 12 months as the precious metal is seen as a reserve asset, according to a new survey by the World Gold Council. In the survey, which had responses from central banks from both advanced economies and emerging markets, gold is viewed slightly more favourably than last year, with 71% saying that holdings of the yellow metal will rise in the next 12 months compared with 61% in 2022. Central banks from emerging markets said the share of gold in global reserves is likely to rise five years from now. In the survey, 68% of the respondents from emerging markets shared the view, against only 38% of the respondents from advanced economies. Additionally, nearly a quarter of central banks around the world plan to increase their gold reserves in the next 12 months amid geopolitical concerns, rising inflation, and steep interest rates, according to the survey. The survey had a total of 59 responses, out of which 24% of central banks respondents intended to increase their gold holdings in overall reserves in the next one year. 'These results come amidst a backdrop of ongoing geopolitical tensions as the war in Ukraine continues and the ensuing macroeconomic fallout of prolonged inflation and tighter monetary policy persists,' the survey said. 'The rationale to increase gold holdings therefore comes as no surprise since 'interest rate levels', 'inflation concerns', and 'geopolitical risks' continue to be the leading factors in central bankers' reserve management decisions as they were last year.' In the survey, central banks in emerging markets and developed economies had diverging views on a number of subjects, including the US dollar's place in global reserves. In particular, 54% of the respondents from advanced economies said the dollar's share in global reserves would remain unchanged five years from now, while only 20% respondents from emerging markets shared the view. In contrast, only 46% of respondents from advanced economies believed the dollar's share in global reserves will fall, while 58% from emerging markets agreed with the view. 'EMDE (emerging market and developing economy) central banks, which have been the primary driver of gold buying since the 2008 global financial crisis, appear to more pessimistic about the US dollar’s future and more optimistic about gold’s future,' the survey showed. In terms of gold holdings by India's central bank, the Reserve Bank of India's reserves rose by 34.21 tn in the year ended March to 794.63 tn. According to the World Gold Council data, RBI's gold holdings rose by 3.5 tn in March. 'The future of the international monetary system continues to be in flux, with EMDE central banks also expressing less confidence in the US dollar’s supremacy than their advanced economy counterparts. In the face of these trends and an ever-changing investment environment, central bank gold demand is likely to remain robust,' WGC said in the survey. End Reported by Sayantan Sarkar Edited by Vidhi Verma For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation. Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd. Informist Media Tel +91 (22) 6985-4000 Send comments to [email protected] © Informist Media Pvt. Ltd. 2023. All rights reserved.
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
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Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Europe’s First 3D Printed School Opens in UkraineAdditive manufacturing, also known as 3D printing, is playing an increasingly significant role in the field of construction. The construction industry has recognized the numerous benefits offered by this technology, including the ability to create intricate designs, as well as time and cost savings. Consequently, there has been a growing specialization in 3D printing within the industry.In a notable development, Heidelberg, Germany recently witnessed the construction of Europe’s largest 3D-printed building. This achievement, alongside various other projects involving the construction of houses, pavilions, bridges, and medical facilities, has generated considerable excitement. One such project that stands out is the collaboration between the non-profit foundation Team4UA and the Danish 3DCP Group, which aims to build Europe’s first 3D printed school in Ukraine. Ukraine currently faces a significant challenge in rebuilding its infrastructure following Russia’s invasion. According to the Ukrainian Ministry of Education and Science, over 2,000 schools were damaged or destroyed, with 277 schools requiring complete demolition. As a result, the country has shifted its focus to rapidly reconstructing educational facilities for its population, and it sees great potential in harnessing the power of 3D printing. The city of Lviv, located in the western region of Ukraine, will be home to the groundbreaking project. The Danish manufacturer COBOD’s BOD2 printer will be utilized to bring this vision to life.The school’s printing is done with COBOD’s BOD2 printer (Image: COBOD)The objective of the 3D printing-based school construction project is twofold: to ensure access to education for children affected by the devastating war in Ukraine and to create an inclusive space for internally displaced children in Lviv. The destruction of schools and other educational facilities has deprived the younger generation of valuable educational opportunities, which can have detrimental effects on their future prospects and the overall development of the country. By employing innovative solutions, this pressing issue can be addressed swiftly, efficiently, and with remarkable speed, as demonstrated by the substantial progress made in just three to four days of printing. Approximately half of the printing process has already been completed, highlighting the project’s rapid advancement.Jean-Christophe Bonis, the founder and chairman of the humanitarian foundation Team4UA, explains that the school facility will cater to elementary students and will be constructed on the premises of an existing school. Spanning an area of 370 square meters, the single-story building aims to provide a safe and pleasant learning environment for the students. The construction team has prioritized the use of locally sourced building materials, with 90% of them being produced within the country. Even the required concrete has been procured locally, resulting in significant cost savings. This approach not only contributes to the revival of Ukraine’s economy but also lays a foundation for continued development in the future.Henrik Lund-Nielsen, the Founder and Managing Director of COBOD, expressed pride in providing the technology that enables this remarkable project: “We are proud to have delivered the technology that makes this project possible. The proud people of Ukraine deserve all the support we can provide, and I am happy we have been able to donate all what we have been doing in this project for free. Out of the respect for the impressive fighting will Ukraine has shown on behalf of all of the rest of Europe and the rest of the democratic world, this is the least we could do”. To learn more about the project, click HERE.<span data-mce-type='bookmark' style='display: inline-block; width: 0px; overflow: hidden; line-height: 0;' class='mce_SELRES_start'></span>What do you think of taking inspiration for termites to 3D print more energy efficient buildings? Let us know in a comment below or on our LinkedIn, Facebook, and Twitter pages! Don’t forget to sign up for our free weekly Newsletter here, the latest 3D printing news straight to your inbox! You can also find all our videos on our YouTube channel.*Cover photo credit: Balbek Bureau
### Response:
YES
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YES
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Europe’s First 3D Printed School Opens in UkraineAdditive manufacturing, also known as 3D printing, is playing an increasingly significant role in the field of construction. The construction industry has recognized the numerous benefits offered by this technology, including the ability to create intricate designs, as well as time and cost savings. Consequently, there has been a growing specialization in 3D printing within the industry.In a notable development, Heidelberg, Germany recently witnessed the construction of Europe’s largest 3D-printed building. This achievement, alongside various other projects involving the construction of houses, pavilions, bridges, and medical facilities, has generated considerable excitement. One such project that stands out is the collaboration between the non-profit foundation Team4UA and the Danish 3DCP Group, which aims to build Europe’s first 3D printed school in Ukraine. Ukraine currently faces a significant challenge in rebuilding its infrastructure following Russia’s invasion. According to the Ukrainian Ministry of Education and Science, over 2,000 schools were damaged or destroyed, with 277 schools requiring complete demolition. As a result, the country has shifted its focus to rapidly reconstructing educational facilities for its population, and it sees great potential in harnessing the power of 3D printing. The city of Lviv, located in the western region of Ukraine, will be home to the groundbreaking project. The Danish manufacturer COBOD’s BOD2 printer will be utilized to bring this vision to life.The school’s printing is done with COBOD’s BOD2 printer (Image: COBOD)The objective of the 3D printing-based school construction project is twofold: to ensure access to education for children affected by the devastating war in Ukraine and to create an inclusive space for internally displaced children in Lviv. The destruction of schools and other educational facilities has deprived the younger generation of valuable educational opportunities, which can have detrimental effects on their future prospects and the overall development of the country. By employing innovative solutions, this pressing issue can be addressed swiftly, efficiently, and with remarkable speed, as demonstrated by the substantial progress made in just three to four days of printing. Approximately half of the printing process has already been completed, highlighting the project’s rapid advancement.Jean-Christophe Bonis, the founder and chairman of the humanitarian foundation Team4UA, explains that the school facility will cater to elementary students and will be constructed on the premises of an existing school. Spanning an area of 370 square meters, the single-story building aims to provide a safe and pleasant learning environment for the students. The construction team has prioritized the use of locally sourced building materials, with 90% of them being produced within the country. Even the required concrete has been procured locally, resulting in significant cost savings. This approach not only contributes to the revival of Ukraine’s economy but also lays a foundation for continued development in the future.Henrik Lund-Nielsen, the Founder and Managing Director of COBOD, expressed pride in providing the technology that enables this remarkable project: “We are proud to have delivered the technology that makes this project possible. The proud people of Ukraine deserve all the support we can provide, and I am happy we have been able to donate all what we have been doing in this project for free. Out of the respect for the impressive fighting will Ukraine has shown on behalf of all of the rest of Europe and the rest of the democratic world, this is the least we could do”. To learn more about the project, click HERE.<span data-mce-type='bookmark' style='display: inline-block; width: 0px; overflow: hidden; line-height: 0;' class='mce_SELRES_start'></span>What do you think of taking inspiration for termites to 3D print more energy efficient buildings? Let us know in a comment below or on our LinkedIn, Facebook, and Twitter pages! Don’t forget to sign up for our free weekly Newsletter here, the latest 3D printing news straight to your inbox! You can also find all our videos on our YouTube channel.*Cover photo credit: Balbek Bureau
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You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
|
Below is an instruction that describes a task, paired with an input that provides further context. Write a response that appropriately completes the request.
### Instruction:
You are the editor of a prestigious Commodity News Platform. You have a lot of news articles from which you have to decide which ones should be displayed on your platform. Consider whether the news article has a direct impact on the general market value of relevant commodities such as metals, chemicals, polymers, agri commodities, petrochemicals, and building materials. Prioritize articles that talk about the prices and demand-supply dynamics within these sectors. Focus on news that provides valuable insights into market trends, supply chain disruptions, regulatory changes, or innovations within the manufacturing and infrastructure sectors. Must include those articles that are offering users information that can influence their procurement decisions and business strategies positively.You have to provide output as either 'YES' or 'NO' only.
### Input:
Europe needs 'voluntary' milk reduction scheme - producersThe European Commission has been urged to monitor the dairy sector closely and if necessary trigger a “voluntary” milk production reduction scheme” by a group of European producers. In advance of World Milk Day tomorrow (June 1) a number of organisations that represent European producers have said that a “crisis prevention instrument” needs to be put in place for the dairy sector in the European Union. The organisations have written an open letter to the EU in which they call on the Directorate-General for Agriculture and Rural Development of the European Commission to “immediately collect and carefully analyse EU sectoral data on the drop in demand, production increases and on the development of producer prices”. The group also want the EU to “compile information on additional price indicators and production costs”.In the letter the organisations also advocate that, based on this analysis, the EU should activate a voluntary reduction scheme, “in case of a downward trend where prices fall below production costs, as this is an essential instrument in the EU’s toolbox and it is enshrined in the Common Market Organisation. The European Milk Board (EMB), European Coordination Via Campesina, National Association of Independent Milk Producers, Confédération paysanne, together with OXFAM (France and Belgium), SOS FAIM and the Comité Francais pour la Solidarité Internationale (CFSI), state in the open letter that this would “take the pressure off” the EU market and “thus off producers in the EU and Africa”.According to the organisations “significant increases in costs, hand in hand with rising producer prices” heavily influenced the situation in the dairy sector over the last year. The EU producers also claim that “if yet another crisis is not prevented, the number of farms going out of business will break a new record”. They warn in the open letter to the EU that if a crisis instrument is not activated, “the dairy sector will very soon be severely affected by an overproduction crisis “due to a drop in demand and rising milk volumes and that a surplus on the market has triggered a “race to the bottom”.The organisations have also identified a number of “essential reforms” which they say are urgently needed these include: The organisations also stated that the sector “must absolutely change the practices and models and adapt them to climate and biodiversity imperatives”.
### Response:
NO
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NO
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Europe needs 'voluntary' milk reduction scheme - producersThe European Commission has been urged to monitor the dairy sector closely and if necessary trigger a “voluntary” milk production reduction scheme” by a group of European producers. In advance of World Milk Day tomorrow (June 1) a number of organisations that represent European producers have said that a “crisis prevention instrument” needs to be put in place for the dairy sector in the European Union. The organisations have written an open letter to the EU in which they call on the Directorate-General for Agriculture and Rural Development of the European Commission to “immediately collect and carefully analyse EU sectoral data on the drop in demand, production increases and on the development of producer prices”. The group also want the EU to “compile information on additional price indicators and production costs”.In the letter the organisations also advocate that, based on this analysis, the EU should activate a voluntary reduction scheme, “in case of a downward trend where prices fall below production costs, as this is an essential instrument in the EU’s toolbox and it is enshrined in the Common Market Organisation. The European Milk Board (EMB), European Coordination Via Campesina, National Association of Independent Milk Producers, Confédération paysanne, together with OXFAM (France and Belgium), SOS FAIM and the Comité Francais pour la Solidarité Internationale (CFSI), state in the open letter that this would “take the pressure off” the EU market and “thus off producers in the EU and Africa”.According to the organisations “significant increases in costs, hand in hand with rising producer prices” heavily influenced the situation in the dairy sector over the last year. The EU producers also claim that “if yet another crisis is not prevented, the number of farms going out of business will break a new record”. They warn in the open letter to the EU that if a crisis instrument is not activated, “the dairy sector will very soon be severely affected by an overproduction crisis “due to a drop in demand and rising milk volumes and that a surplus on the market has triggered a “race to the bottom”.The organisations have also identified a number of “essential reforms” which they say are urgently needed these include: The organisations also stated that the sector “must absolutely change the practices and models and adapt them to climate and biodiversity imperatives”.
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