Commodities

Lower output, lack of incentives may halve soymeal exports

Soyabean output this season is estimated to remain 89.84 lakh tonne as compared to 109.330 lakh tonne in the previous season owing to relentless rain in leading cultivating regions that damaged standing crops.
Commodities News

Oil dips as US-China trade deal hopes fade

Even as production growth in the United States slows from breakneck pace of recent years, the world's top oil producer will still account for 85% of the increase in global oil production to 2030, and

Commodities News

Investors press exit button; withdraw money from gold ETFs in October to book profit

Gold ETFs witnessed a net infusion of Rs 44.11 crore in September and Rs 145.29 crore in August, the first inflow since November last year, when Rs 10 crore was infused in such instruments.

gold, gold ETF, ETF investment, gold investment, gold exchange News

MMTC extends tender offer to sell 6 per cent stake in ICEX till November

In its latest corrigendum issued to the July tender offer on stake sale, MMTC has extended pre-bid meeting date from October 14 to November 18, while the deadline for bid submission has been deferred

MMTC, ICEX, Reliance Capital, Indiabulls Housing Finance, Indian Potash, IDFC Bank,commodity markets News

Oil dips for second day on lack of trade talk progress

Elsewhere, U.S. data showed that crude inventories at Cushing, the delivery point for WTI, fell about 1.2 million barrels in the week to Nov. 8, traders said, citing market intelligence firm Genscape.

Commodities News

Downward trend in prices of raw materials of steel to lower CAD

In the first seven months of the current fiscal, the finished steel consumption as per JPC data has gone up by 4.2% as compared to last year.

Commodities News

Wheat sowing down 37 per cent so far; oilseeds up

According to the latest data released by the ministry, farmers have planted wheat in an area of 9.69 lakh hectare till last week of this season, compared with 15.35 lakh hectare a year ago.

Commodities News

Credit crisis fuels gold rush for some lenders

In a country deeply attached to the precious metal, whose people stockpile more gold than citizens of any other country, borrowers are increasingly pawning their family jewelry to get cash amid a fund

gold silver price today: gold tumbles 301 rupee to 38,870 rupee per 10 gram News

Oil slips on jitters over US-China trade talks progress

Drillers cut seven rigs <RIG-OL-USA-BHI> in the week to Nov. 8, bringing the total count down to 684, the lowest since April 2017, Baker Hughes said.

Commodities News

Oil slips on uncertainty over US-China trade deal, surging inventories

The trade war between the world's two biggest economies has slowed economic growth around the world and prompted analysts to lower forecasts for oil demand, raising concerns that a supply glut could d

Commodities News

Oilmeal exports in October decline 55% on disparity

During April to October 2019, Vietnam imported 1,92,440 tonne of oilmeals (compared to 3,38,292 tonne); consisting of 3,668 tonne of soyabean meal, 1,24,590 tonne of rapeseed meal and 64,182 tonne of

Oilmeal exports, soyabean meal,  international market, De-oiled Rice Bran Extraction News

Steel prices shoot up and FM Sitharaman’s housing push not the only reason; here are other factors

The steel turnover --traded value of all contracts -- has increased by 142 per cent from Rs 415.29 crore in September 2019 to Rs 591.96 crore in October 2019, at ICEX.

steel, steel sector, steel prices, ICEX News

Oil market edgy on US crude build, trade deal angst

Oil prices trod water on Thursday after losses in the previous session, as traders were cautious amid concerns over a potential delay in sealing a long-awaited interim U.S.-China trade deal and a huge

Commodities News

Onion crisis: Retail price hits Rs 100/kg in Delhi despite relief in wholesale rates

In Vashi near Mumbai, wholesale prices dropped to Rs 4,500 per quintal on Wednesday.

Retail onion prices, Onion crisis, Onion price in delhi NCR, APMC, onion wholesale prices, Lasalgaon, kharif plantation News

Tyre companies accept rollback of natural rubber targets

“The downward revision undertaken by Rubber Board in respect of NR consumption, is in line with the tyre industry's view. The demand for tyres is under pressure, in view of slowdown in the automobil

Tyre industry, domestic NR, natural rubber production, rubber supply chain, tyre demand, ATMA, NR imports, NR consumption News

Govt relaxes fumigation norms for imported onions till November 30

The fumigation provisions have been liberalised as the government has decided to facilitate private import of the key kitchen staple from Afghanistan, Egypt, Turkey and Iran to boost the availability

onion price in delhi, onion price, onion price in delhi today, onion price in delhi mandi, onion price in delhi 2019, onion price today, onion price rise News

Onion price rise due to fall in output, govt taking steps, says Ram Vilas Paswan

In view of high prices, Paswan reviewed the situation of demand, supply and prices with top officials of food and consumer affairs departments for two hours at his residence.

onion price in delhi, onion price, onion price in delhi today, onion price in delhi mandi, onion price in delhi 2019, onion price today, onion price rise News

Oil falls as big US crude build offsets hopes for US-China trade talks

Oil prices fell on Wednesday, pulled down by a larger-than-expected build-up in U.S. crude stocks, after gaining for three straight sessions on expectations of an easing of in U.S.-China trade tension

Commodities News

Sugar production may hit three-year low in 2019-20: Isma forecast

The crop in Maharashtra and Karnataka has been adversely impacted due to various reasons

Sugar production, Maharashtra, Isma, sugar season, Maharashtra, sugarcane juice, Bijapur districts News

Indian gold demand to hit 3-year low in 2019

Domestic gold prices have jumped around 22% so far in 2019, mirroring a rise in global prices, a weak rupee and a hike in the import duty to 12.5% in July from 10% earlier.

India gold demand, World Gold Council, gold futures, gold global prices, Gold recycling, ETF News

Dal millers unhappy despite 15-day extension of Tur import deadline

Millers said delay in fresh arrivals of Tur in other countries is affecting the daily operations of mills. Millers have placed orders for Tur with Kenya, Burma and Mozambique.

Dal millers, Tur import deadline, import of Tur, arhar, Urad, moong, All India Dal Millers Association, kharif pulses News

Gold prices fall Rs 101 on rupee appreciation, weak global cues

In the international market, gold prices were quoting lower at USD 1,505 per ounce and silver at USD 18.04 an ounce.

Commodities News

India’s gold demand falls 32 per cent in Q3 on high prices, economic slowdown: WGC

The decline in import was more steep as jewellers met their demand with old imported stock and recycling, the Gold Council (WGC) said Tuesday.

gold, gold prices, gold prices in india, gold india rates, gold rates News

Gold loses its sheen! Yellow metal appetite in India seen at lowest since 2016

Demand for gold in India this year is likely to drop to the lowest since 2016 as elevated prices and a weak economy deter buyers in the world’s second-biggest bullion consumer, according to the Worl

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