India’s coal crunch adds to import cost woes

India’s coal woes show no sign of abating, with lower domestic supply expected to boost the need for imports, with this likely to keep seaborne prices at elevated levels.

India cut the amount of coal domestic power plants can expect to receive in June by 11.1%, with utilities now forecast to get 56.2 million tonnes, down from an earlier estimate of 63.3 million tonnes.