Trade Trends News
India's coal imports rose by 4.3% to 20.61 million tons in September as compared to the same month in the previous fiscal.The country imported 19.75 mt of coal in September of the previous fiscal, data compiled by B2B e-commerce firm mjunction services Limited showed.
Of the total imports in September, non-coking coal imports stood at 13.89 tons as against 12.08 tons in September last fiscal. Coking coal imports declined to 4.59 tons from 4.88 tons in September FY2023.
However, coal imports during April-September period of the current fiscal year declined to 124.53 tons from 135.68 tons in the same period last year.
Non-coking coal imports during April-September period of FY2024 stood at 77.65 tons, down from 92.72 tons during the same period last fiscal.
Coking coal imports during April-September 2023-24 stood at 29.44 tons, up from 28.05 tons during the same period in the previous fiscal.
Commenting on the coal import trend, Vinaya Varma, Managing Director and CEO, mjunction, said, "Imports increased in September as buyers took a fresh restocking stance ahead of the festive season. Going forward, demand is likely to be moderate given adequate supply and stock levels in the country."
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