Imports Of Coal From India Declined In August Despite Higher Fuel Demand From Energy Sector
The problem of electricity is clearly visible in the country, in fact, the lack of coal in the country has had a great impact on electricity production.
India’s coal imports fell by 2.7 per cent to 15.22 million tonnes (MT) in August this year amid power plants in the country struggling with fuel shortages.
The country imported 15.64 tonnes of coal in the corresponding month last year.
According to data compiled by mjunction services, “Imports in August 2021 were about 15.22 million tonnes … imports in August 2021 also decreased by 2.7 percent from August 2020.”
The CEO of Mjunction and MD Vinaya Varma attribute the reduction in volume to a steady rise in sea coal prices as well as the initiative of domestic miners to import imports.
However, he said that there was a great demand for the power-intensive industry.
“What effect this will have on imports, given the volatility in international prices, remains to be seen,” he added.
Of the total imports in August 2021, 9.08 MT carbon without coke was imported against 10.33 MT in August last year. Imports of coke were 4.37 tonnes, compared to 3.17 tonnes in August 2020.
It is estimated that India’s coal imports in August 2021 through major and other major ports will decrease by 6.71 percent over July 2021.
Imports in July amounted to 16.31 MT.
In April-August 2021, coal imports stood at 92.49 MT, about 21.27 percentage points higher than 76.27 MT imported in April-August 2020.
In April-August 2021, imports of coke-free coal were 60.85 MT, compared to 51.23 MT imported in April-August 2020.
Coke imports were 22.19 MT and 14.38 MT were imported during the same period last year.
Indian coal, which accounts for over 80 percent of domestic coal production, had previously said that as coal prices rose in international markets, all consumers competed for domestic coal and increased demand.
Coal Minister Pralhad Joshi said on Thursday that the closure of some mines and the flooding of several others due to the monsoon led to the crisis, but that there was no need to despair when the situation improved.