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Both Pakistani and (especially) Indian markets have come surging back this week, to lead the way over a lackluster Bangladesh that has virtually dropped out of contention of late. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
Global rice exports could fall by at least 4% in 2023 because of India’s restrictions on exports and El Niño’s impact on supply. Replacing India’s rice exports is challenging, as India accounts for almost 40% of the world’s export of rice. Low rainfall caused by El Niño is also weakening the outlook for global rice exports in 2024.
It has been an increasingly static week in the Indian sub-continent ship recycling markets, especially after some early 2022 optimism displayed by a resurgent India in particular. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.
This week, the big news from the subcontinent markets concerns the announcement of the Indian budget, which proposes DOUBLING the capacity in Alang for taking in ships for recycling. The weekly demolition report by GMS, provides an overview of the demolition market, price by scrap yard location and ship type.