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Commodity and industrial market news — prices, production, trade and regulation — with expert analysis

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| Energy & Fuels

Reliance proposes ₹2.73 lakh crore underground coal-gasification complex in Andhra Pradesh

Reliance Industries has proposed investing ₹2.73 lakh crore over 30 years in an integrated underground coal-gasification complex in Andhra Pradesh. The three-phase project would use coal resources at the Chintalapudi and Recherla blocks to produce syngas for fuels and chemicals, subject to successful exploration.

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Priya Raghavan
Energy Markets Analyst
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| Agriculture: Crops & Grains

Sinaloa sorghum begins commercial shipments to China via Topolobampo

Five containers of sorghum from Sinaloa have departed from Topolobampo for Sichuan province in China. The shipment gives the Mexican grain a first foothold in an established commercial route to Asia, although no recurring program has yet been announced.

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Thomas Reid
Senior Metals & Mining Analyst
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| Food & Beverages

Italian Olive Oil Stocks Hit 233,377 Tonnes as Producer Prices Fall Below Break-Even

Italy entered the run-up to the 2026/27 olive harvest with 233,377 tonnes of extra virgin olive oil in storage as of 31 July, up 43.9% year on year, with domestic oil in mill tanks up 139% to 108,299 tonnes. Wholesale quotations at the Bari exchange have been frozen since 16 June at €5.90-6.40 per kilogram, against a break-even the supply chain puts at €7.50 per litre. Producer organisations are pressing for crisis recognition and public purchasing.

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Isabella Romano
Lead Food & Beverage Analyst
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