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.
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
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.
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
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.
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.
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.
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
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.
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
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
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.
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
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.
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
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 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.
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
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
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.
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.
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.
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 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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