Commodities

Petrol, diesel prices touch all-time highs

Prior to the current highs triggered by the price hikes this month, fuel prices had last touched record high on October 4, 2018.
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Petrol nears Rs 85 mark in Delhi, diesel closer to Rs 82 in Mumbai

The highest-ever rate of diesel in Delhi was on October 4, 2018, when it touched Rs 75.45 a litre mark. On that day, petrol was priced at Rs 84.

Petrol price in Mumbai breached the previous high of Rs 91.34 hit on October 4, 2018, while diesel too is at a record high.

Gold, silver may continue to trade sideways to down as dollar index rallies; check support, resistance levels

Bullion prices are expected to trade sideways to down for short term with COMEX spot gold having resistance near $1870 per ounce.

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CCI almost stops procurement as cotton prices rise up to Rs 6,000/quintal

The CCI had originally estimated a purchase of 100-125 lakh bales at the start of the season. Wholesale prices of cotton in most mandis in Maharashtra ranged from Rs 5,400 to Rs 5,500 per quintal in t

Aggrawal said prices were getting aligned since the demand was slowly returning back to normal after the Covid pandemic.

Economic recovery likely to boost gold demand in India this year: WGC

While there is still uncertainty about how 2021, may evolve, it seems likely that mines will experience fewer stoppages as the world recovers from the pandemic, it said.

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Petrol, diesel prices hiked again, scale new highs

In Mumbai, the price of petrol was increased to Rs 91.32 a litre from Rs 91.07 previously, while diesel rates went up from Rs 81.34 to Rs 81.60 per litre.

petrol price

Petrol prices hit new highs; check petrol, diesel prices in Delhi, Mumbai today

In Delhi, petrol now costs Rs 84.45 per litre and diesel is priced at Rs 74.63. In Mumbai, petrol comes for Rs 91.07 a litre and diesel for Rs 81.34. This is the highest ever price of petrol in Delhi,

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Prices fall below MSP; pulses procurement to begin soon

“Prices should rule Rs 5,400-5,500 per quintal on the downside and Rs 6,200 per quintal on the upward side till March end.”

The Nafed is learnt to have given these states a target of nearly 15 lakh tonne.

Gold, Silver may trade sideways to down in near future but long-term trend remains positive

The current selling in bullion prices is expected to be short-lived with bullish long term trend. 

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Domestic crude production down 6% in the fiscal

India imported 3.7 mb/d of crude oil during 8M-FY21 compared with 4.5 mb/d during 8M-FY20.

Refineries processed 4.2 mb/d over the period compared with 5.1 mb/d of crude processed during 8M-FY20.

India’s fuel demand at 11-month high in December

The total demand for petroleum products in December 2020 fell to 18.59 million tonnes from 18.94 million tonnes a year back, according to Oil Ministry data

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Wall Street Is the Most Bullish on Commodities in a Decade

That’s a stark turnaround for a corner of the financial market that had been struggling to lure investors since the China-driven commodities super-cycle earlier this century.

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India sees robust export demand for its soya meal

The United States Department of Agriculture (USDA) has reduced India’s crop estimate to 90 lakh tonne versus earlier estimate of 114 lakh tonne.

Significantly, the US has turned out to be India’s biggest soya meal buyer.

Prices of edible oils to stay high till March: Experts

The government had reduced the import duty on palm oil by 10% in November to control rising prices. However, it did not help as exporting countries increased prices as well as export duties.

The association has also urged the government to subsidise the sale of edible oil through the public distribution system, as prices are expected to stay firm till April-May 2021.

CAI ups crop estimate by 2.50 lakh bales for 2020-21 season

The Cotton Association of India (CAI) has raised the crop estimate by 2.50 lakh bales to 358.50 lakh bales for the 2020-21 season because of a high carryover stock.

CAI increases its crop estimate for 2020-21 cotton season to 358.50 lakh bales

Cotton Association of India (CAI) on Thursday said it has increased its crop estimate by 2.50 lakh bales for the 2020-21 season to 358.50 lakh bales due to more carry over stock. The total cotton prod

Petrol, diesel prices hit record high as crude oil prices rebound; inflation concerns grow

While petrol pieces are at a lifetime high in Delhi, diesel prices are at a record high in Mumbai, at Rs 81.07 a litre.

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Alphonso — the King of mangoes — to arrive late in markets this year

Arrival of Alphonso mangoes this year is likely to get delayed by at least a month since the flowering has been hit due to erratic weather conditions in the key producing regions of Maharashtra.

India likely to export 10 MT of non-Basmati rice in 2020-21 season

The country had exported 8 million tonne in 2017-18, the highest export of non-basmati rice so far, B Krishna Rao, president, AIREA, said.

non basmati rice

Sugar production up 42% in Oct-Dec at 110.22 lakh tonne: ISMA

Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonne of sugar during October-December period of 2020-21 sugar marketing year as against 77.63 lakh tonne in t

The company also has a significant presence in the farm inputs business through its subsidiary Coromandel International.

Gold may trade with bullish bias this week; rising covid-19 cases keeps risk premium high

At MCX, Gold February prices have near term resistance at Rs. 51200 per 10 grams and support at Rs. 49700 per 10 gram.

Prior to the inflows seen in the past two years, the safe-haven asset had witnessed an outflow between 2013 and 2018.

Gold prices surge today as yellow metal hit 8-week high internationally; silver jumps over 2%

Gold prices in India jumped over one per cent on Monday, taking cues from the international prices where yellow metal hit eight-week high

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Nationwide average retail price of onions down 60% since last year: Govt

"In one month alone, the all-India average retail price of onion has dropped by 33.33 per cent to Rs 40 per kg today from Rs 60 per kg on November 30 this year," she said.

"Around Rs 70,000-75,000 tonnes of onions were imported through private trades in 2020. Nafed also imported around 3,000 tonnes of onions," she said.

Gold prices rally 28% so far this year; yellow metal likely to touch Rs 65,000 per 10 gm in 2021

Gold prices act as a hedge against inflation amid the low-interest rate environment and a huge amount of liquidity infusion in the economy

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