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June coal imports highest in 2014 as prices fall - mjunction

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India's import of coal and coke rose 12 percent to 18.5 million tonnes in June from a year earlier, according to provisional data from market operator mjunction, indicating weak prices continue to attract buyers even as a local shortage lingers.Asia's third-largest economy is the world's No. 3 buyer of coal from countries like Indonesia, Australia and South Africa as power plants that burn the fuel raise generation to try and meet the electricity needs of the country's 1.2 billion people."We also feel that imports would continue to rise in the immediate short term ...

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First Published: Fri, July 04 2014. 16:22 IST