The Brent Crude Oil price was down 2 cents but still at $66.55 per barrel on Wednesday, seen inching towards $70 in near future.
The country’s onion production is estimated to decline by 4.5 per cent to 21.4 million tonnes in the current 2017-18 crop year due to lower acreage, as per the agriculture ministry data released today.
For as long as Gulf economies rely on oil, crude will be a factor in determining how investors trade regional markets. But right now, politics is king.
The longest winning streak in two decades propelled cotton to 2017’s biggest increase among crop commodities, and hedge funds are ready for more gains in 2018.
Industry body CII on Monday said that Commodities Transaction Tax (CTT) on agricultural produce should be abolished to protect farmers’ income.
Chana, the only pulse trading on the futures platform, is showing below rates with respect to the spot prices.
The Cotton Association of India (CAI) has retained its December estimate of the cotton crop for 2017-18 crop year at 375 lakh bales which is the same level as previous forecast.
The Gujarat government has asked all the districts to increase the storage capacity for groundnut in a bid to restart the procurement process.
Oil Minister Dharmendra Pradhan today called upon states to cut sales tax or VAT on petrol and diesel to provide relief to consumers.
Gold rose for an eighth straight session on Wednesday as a weaker U.S. dollar encouraged investors to buy, and palladium hit another near 17-year peak on expectations of strong demand and short supplies.
Oil prices on Wednesday slipped away from two-and-a-half year highs hit the previous session as the gradual resumption of flows through a major North Sea pipeline made up for supply disruption in Libya.
Investors scooped up commodities on Tuesday during a holiday-shortened week, but took a far more mixed view of equities as shares of Apple Inc sagged.
The next sugar season in Maharashtra could prove to be a challenging one with a bumper crop in the offing and a huge amount of cane to crush, Sharad Pawar, former agriculture minister and chairman, Vasantdada Sugar Institute (VSI) said on Tuesday.
Oil prices soared to two-and-a-half year highs in light trading volume on Tuesday, boosted by news of an explosion on a Libyan crude pipeline as well as voluntary OPEC-led supply cuts.
The National Seeds Association of India (NSAI) is unhappy with the recent announcements made by the Maharashtra agriculture minister with regard to seed companies.
Indian data on steel exports and imports compiled by UN Comtrade varies widely from the figures compiled by JPC, which in turn varies from DGCIS data that is accepted by WTO for all investigations under trade measures
The Maharashtra government has decided to put in place stricter norms for seed companies against co-marketing of brands. The government has asked seed companies to amend their licences issued for co-marketing as per the permissions granted by the Genetic Engineering Appraisal Committee (GEAC).
Oil prices on Friday dipped away from some of its highest levels since 2015, weighed down by rising U.S. output and the expected January re-opening of the Forties pipeline in the North Sea.
Fertilisers and Chemicals Travancore (FACT) and Kerala government has signed memorandum of understanding to set up a Rs 1,800-crore petrochemical park in Kochi.
Farmer producer companies ( FPCs) in Maharashtra have decided to enter into soybean procurement at farm gate level.
The government may also effect a further hike in import duty on wheat from the current 20%
As Uttar Pradesh has become the largest sugar producer, mills there will sell more outside the state, says Gaurav Goel, MD of Dhampur Sugar Mill, who was appointed president of the Indian Sugar Mills Association last week.
The Finance Ministry on Thursday said that the government has decided to impose 30% import duty on chana and masoor to protect the interest of farmers as good harvest is expected in the Rabi season.
India is the largest consumer of pepper in the world and the second largest producer after Vietnam. The Union government approved the proposal of the state-run Spices Board as cheaper imports of pepper is seen putting pressure on the domestic market.
In Maharashtra alone, strawberries are cultivated in around 2,500 acres of land. This year, growers cultivated strawberries in 3,000 acres around Mahabaleshwar, he said, unwilling to give out production numbers.
Saudi Arabia has traditionally has been India’s top oil source but in the April-October period of 2017-18, Iraq dethroned it due to its discounted price.
And OPEC thought 2017 was tough. 2018 could be a killer. The starting point isn’t great. The group and the International Energy Agency — the two giants of the oil world — have very different views of the year ahead.