India’s coal imports fell in August despite higher demand for fuel from the power sector

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Coal imports in August 2021 via main and secondary ports decreased by 6.71% compared to July 2021

India’s coal import fell 2.7% to 15.22 million tonnes (MT) in August this year amid the country’s power plants struggling with fuel shortages.

The country imported 15.64 MT of coal in the corresponding month of last year.

Read also: Explained | How big is the coal crisis in India?

According to data compiled by mjunction services, “imports in August 2021 were around 15.22 million tonnes … imports in August 2021 were also down 2.7% from August 2020”. Mjunction CEO and general manager Vinaya Varma attributed the drop in volumes to the steadily rising prices of coal transported by sea, coupled with initiatives by domestic miners to replace imports.

However, he said, there is a surge in demand from the electricity sector.

Watch | India on the brink of energy crisis due to coal shortage

“The impact this will have on imports, given the volatility of international prices, is to be seen,” he added.

Of the total imports in August 2021, non-coking coal stood at 9.08 MT, compared to 10.33 MT imported in August last year. Coking coal imports amounted to 4.37 MT, compared to 3.17 MT imported in August 2020.

India’s coal imports in August 2021 via the main and secondary ports are estimated to have decreased by 6.71% compared to July 2021.

Imports in July amounted to 16.31 MT.

Also read: Coal India cuts off supply to non-users of electricity, hitting industry

From April to August 2021, coal imports amounted to 92.49 MT, approximately 21.27% more than the 76.27 MT imported from April to August 2020.

From April to August 2021, imports of non-coking coal amounted to 60.85 MT compared to 51.23 MT imported from April to August 2020.

Coking coal imports were recorded at 22.19 MT, compared to 14.38 MT imported during the same period last year.

Coal India, which accounts for over 80% of national coal production, had said earlier that due to soaring coal prices in international markets, all consumers compete for domestic coal, increasing demand.

Coal Minister Pralhad Joshi said on Thursday that the closure of some mines and the flooding of a few others due to the monsoon had led to the crisis, but there was no need to panic as the situation grew. improved.

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