Commodities

Crude prices: Oil optimism slumps to 12-week low in bear market

WTI reached bear territory on Wednesday, dropping more than 20% from its April high amid escalating disputes between the U.S. and its trading partners.

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Oil prices extend gains, climb further away from 5-month lows

Oil prices rose more than 1% on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPE

Commodities News

Mango festivals big hit in Maharashtra with farmers selling directly to consumers

Around 800-1,000 consumers visit these festivals on a daily basis. In Pune alone, mango festivals have been held in 25 areas.

Mango festivals, Mango festivals in Maharashtra, MSAMB, Alphonso growers, Kesar growers, MSAMB, Geographic Indicators tags News

IOC, HPCL to contest over Rs 4,000-crore tax demand on sale of ethanol blended petrol

Oil refiners Indian Oil Corp (IOC) and Hindustan Petroleum Corp Ltd (HPCL) Thursday said they will contest tax authorities demand for over Rs 4,000 crore in excise duty on ethanol used for doping petr

Commodities News

Gold prices hit over three-month high amid trade tension

Gold gains on expectations of a rate cut since lower interest rates reduce the opportunity cost of holding the metal. US gold futures gained 0.5% to $1,334.70 an ounce.

Gold prices, US china trade tension, global trade, Jerome Powell, Spot gold, US gold futures, US Federal Reserv News

Oil prices drop as US stockpiles report stokes fears of glut

Oil is teetering on the edge of a bear market after falling almost 20% from a peak in late April as an aggressive U.S. trade policy stokes fears that the global economy is headed for a sharp slowdown.

The American Petroleum Institute reported U.S. crude stockpiles rose by 3.55 million barrels last week, according to people familiar with the data. (Reuters File image) News

India’s May gold imports jump 49% on demand during Akshay Tritiya festival

India's gold imports in May jumped 49% from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on Tuesday.

Commodities News

Government creating 50,000 tonne of onion buffer to curb price rise

The Centre has started creating a buffer stock of 50,000 tonne of onion to check prices in the coming months in view of drought conditions in producing states, a senior food ministry official said Tue

Commodities News

Gold holds near 3-month peak as trade fears boost safe-haven demand

Gold prices rose on Tuesday, holding near a more than three-month high hit in the previous session, as worries over a global recession due to trade conflicts drove investors to find refuge in safe-hav

Spot gold was up 0.1% at $1,326.49 per ounce by 0136 GMT, after touching its highest since Feb. 27 at $1,327.90 on Monday. News

Oil palm cultivation scheme gets tepid response in Gujarat

Cultivation of oil palm trees in Gujarat has not achieved the desired results in the absence of infrastructure for processing oil palm fruit, said a senior official with the state agriculture departme

oil palm trees, oil palm production, oil palm, oil palm in india, oil palm farmers, oil palm season, oil palm export, National Mission of Oilseeds and Oil Palm, Gujarat palm oil News

Saudi Arabia ramp up oil production to fill gap created US sanctions on Iran

Oil prices slumped more than 11% in London last month as the trade dispute between the U.S. and China threatened to crimp growth in the world’s two biggest economies. Brent, the international benchm

Commodities News

Fuel retailers cut petrol, diesel prices for the fifth consecutive day; petrol selling at this much in Delhi

The state-run oil companies have cut the fuel prices for the fifth consecutive day across major cities on Monday. While the petrol prices declined by 17-20 paise per litre, diesel prices decreased by

oil sector, oil industry, petrol, fuel News

Gold hits 2-month high as recession worries drive safe-haven demand

Gold prices rose on Monday to their highest in more than two months, with investors seeking refuge in safe-haven assets as heightened Sino-U.S. trade tensions and Washington's threat of tariffs on Mex

U.S. gold futures rose 0.4% to $1,314.40 an ounce. News

Rubber Board hopeful output to improve; consumption up 9 per cent

Import of NR shot up 24% in 2018-2019. About 70% of this was through the duty-paid channel and 81% was in block rubber form.

Commodities News

Fuel retailers cut petrol, diesel prices for second consecutive day; petrol selling at this much in Delhi

The state-run oil marketing companies have cut the fuel prices for the second consecutive day across major cities on Friday. While the petrol prices declined by 7 paise per litre, diesel prices decrea

oil sector, oil industry, petrol, fuel News

Gold edges towards monthly gain on US rate cut expectations

Gold prices rose on Friday to remain on track for their first monthly gain since January, with expectations of cuts in U.S. interest rates boosted by inflation data for the first quarter.

Spot gold was up 0.3% at $1,292.68 per ounce at 0141 GMT News

Nafed buys 30k-tonne onion from Maharashtra; target achievable

In one of its biggest procurement exercises, Nafed has procured over 30,000 tonne of onions from Maharashtra this season and is likely to touch its target of 45,000 tonne in the state.

nafed, agriculture sector, agriculture industry News

Fuel retailers cut diesel, petrol prices across major cities; petrol selling at this much in Delhi

The state-run oil companies have cut the fuel prices across major cities on Thursday. The petrol and diesel prices fell across Delhi, Mumbai, Kolkata and Chennai. Petrol and diesel prices declined by

oil sector, oil industry, petrol, fuel News

Gold steady as strong dollar offsets support from global growth woes

Gold prices were steady on Thursday as the dollar hovered near a two-year high, impeding the support from an exacerbated Sino-U.S. trade war bringing back doubts about global economic growth.

U.S. gold futures edged 0.1% lower to $1,279.30 an ounce. News

Gold prices surge amid global tension, weak rupee; good time to buy, say experts

The gold prices surged on Wednesday amid global tensions and weak rupee. Yesterday, the gold prices fell for the first time in four sessions. The yellow metal is getting support from the improvement i

U.S. gold futures were up 0.2% at $1,279.70 an ounce. News

Fuel retailers keep petrol, diesel prices unchanged; petrol selling at this much in Delhi

The state-run oil marketing companies have kept the diesel and petrol prices unchanged on Wednesday across Delhi, Mumbai, Kolkata and Chennai. Yesterday, the petrol prices were hiked by 9 paise a litr

oil sector, oil industry, petrol, fuel News

Gold steady as global economy fears buoy safe-haven assets

Gold held steady on Wednesday as worries about the global economic outlook kept investors focused on safe-haven assets, with no signs of an easing in the Sino-U.S. trade-war.

U.S. gold futures were up 0.2% at $1,279.70 an ounce. News

Gold retains glitter, prices surge by this much in Delhi today; here’s what analysts say

The gold prices surged in Delhi on Tuesday on account of pick-up in buying support from local jewellers. The yellow metal rates rose by Rs 100 to Rs 32,870 per 10 gram in the national capital.

Commodities News

Fuel retailers hike petrol, diesel prices on Tuesday; petrol selling at this much in Delhi

The state-run oil marketing companies have raised the diesel and petrol prices on Tuesday across Delhi, Mumbai, Kolkata and Chennai.

Commodities News

Oil mixed as China’s economy weakens, but OPEC cuts still support crude

Traders said Brent prices were under pressure from an economic slowdown hitting China as a result of the ongoing trade war with the United States, which is also expected to dent fuel consumption.

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Soyabean, pulses trading: FPCs to set up marketing infra facility in Latur

MahaFPC would be looking at primary and secondary processing, logistics, warehousing and cold storage, among others.

soyabeen, agriculture sector, agriculture industry News

Fuel retailers hike petrol, diesel prices on Friday, petrol selling at this much in Delhi

The state-run oil marketing companies have hiked the petrol and diesel prices on Friday across Delhi, Mumbai, Kolkata and Chennai. While petrol prices have been raised by 14-15 paise a litre, diesel p

No petrol for non-helmet riders from 1st June: Here’s which city is implementing it News
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