Ginger output likely to be higher in 2019-20

Wayanad and surrounding areas in Kerala, which accounted for bulk crop in the 90s, have seen ginger farming coming down rapidly due to labour shortage and higher input cost.

ginger, ginger production, agriculture sector, agriculture industry News

US to ask India, China and 3 others to end completely Iranian oil imports, says report

The move which is seen as an escalation of the US President Donald Trump administration's "maximum pressure" on Iran comes after it last year gave temporary 180-days waiver to eight countries, includi

Commodities News

Dollar firm in thin post-holiday trade, loonie up as oil prices jump

The dollar edged up against key peers such as the euro and the yen on Monday, boosted by the relative strength of the U.S. economy, while losing ground against the Canadian dollar following a rise in

dollar, us dollar, us, economy, dollar, yen, pound, us dollar, euro News

Tightening the Noose: US to Eliminate Iran Oil Waivers After May 2

The decision not to renew the waivers is a victory for National Security Advisor John Bolton and his allies who had argued that U.S. promises to get tough on Iran were meaningless with waivers still i

Crude oil, Crude oil price, Iran, iran crude oil, oil prices, donald trump, iran sanctions, iran waivers News

Oil prices rise on report U.S. will end all Iran oil sanction waivers

The report comes amid an oil market that is already relatively tight.

Commodities News

Gold steadies near 4-month low as dollar gains in wake of U.S. data

Businesses across the eurozone stumbled into the second quarter as demand remained weak despite more modest price rises, surveys showed on Thursday.

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Donald Trump’s LNG push helping power German green cruise liner boom

The International Maritime Organization will clamp down next year on sulfur and carbon emissions from diesel-powered ships.

Donald Trump, LPG, lpg GAS, International Maritime Organization, diesel powered ships, European cruise, cruise industry News

Cotton body seeks clarity on crop production figures

The highly remunerative kapas prices during the current year would induce the Indian farmers to shift to cotton.

cotton, cotton sector, cotton industry, economy News

Gold loses shine: Yellow metal import falls in FY19; key reasons

In what may cap current account deficit, the gold imports fell by nearly three per cent in value terms FY19, data from the commerce ministry showed.

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PM-Aasha: Govt procurement of pulses and oilseeds touched only about 5% of target under the scheme

While on the face of it this seems to have cast a shadow over the efficacy of the scheme, government officials claim that the renewed government commitment to make market intervention under PM-Aasha i

Govt procurement of pulses and oilseeds touched only about 5% of its target under the scheme up to April 11; to continue only till June 30 News

Sugar technologists seek hike in MSP to Rs 3,600/quintal

The Sugar Technologists Association of India ( STAI) has suggested that the government should set the minimum support price (MSP) for the sweetener to Rs 3,600 per quintal from Rs 3,100 per quintal to

Sugar technologists seek hike in MSP to Rs 3,600/quintal News

Oil prices extend losses despite surprise drop in U.S. inventories

U.S. West Texas Intermediate (WTI) crude futures were at $63.67 per barrel, down 9 cents, or 0.1 percent, from their previous settlement. WTI closed the last session down 0.5 percent.

Commodities News

Nafed begins procurement of onion from Lasalgaon

Nafed is to procure some 50,000 tonne onions, which includes 45,000 tonne from Maharashtra and 5,000 tonne from Gujarat. This is expected to be Nafed's largest procurement from Maharashtra, so far.

Nafed begins procurement of onion from Lasalgaon News

Indian oil refiners turn to Opec, Mexico to make up for Iran loss

IOC, Iran’s biggest Indian client, will cut Iranian oil imports to 6 million tonne, or about 1,20,000 barrels per day, in the 2019-20 period from 9 million in 2018-19, and has raised the optional vo

Indian refiners turn to Opec, Mexico, US to make up for Iran oil loss News

Oil on boil: Brent crude hits high of 2019; key factors behind surge

Hitting a 2019 high, brent crude on Wednesday reached above $72 level on account of robust China growth numbers and decline in US crude stocks, even as global supply remained tight.International bench

Oil hits November 2018 highs amid OPEC supply cuts, US sanctions News

Gold loses sheen: Yellow metal at near 4-month low as China GDP fuels risk

Gold prices stayed below the key $1,280 level on Wednesday, near a four-month trough, as better-than-expected economic readings from China lifted Asian shares and sharpened risk appetite, denting the

Commodities News

Cotton yield may touch new low but not a cause of concern: CITI

Accordingly, CITI has revised crop estimates for 2018-19 based on the actual data from cotton-growing areas in the country to 343 lakh bales of 170 kgs.

Cotton yield may touch new low but not a cause of concern News

Steel sector to have good scenario in current year and the next

The recent repo rate cut by the Reserve Bank of India to 6.0% has been favourably commented by ADB and is likely to enable more investment flow into the economy and would also help private consumption

Steel sector to have good scenario in current year and the next News

Gold falls to 1-week low as China’s data boost equities; slowdown fears ease

Gold prices fell to a more than one-week low on Monday as solid Chinese data boosted equities and allayed concerns about a global economic slowdown.

Commodities News

Gold slips to 1-week low as global slowdown fears ease

Hedge funds and money managers increased their bullish wagers in COMEX gold and silver in the week to April 9, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.

Commodities News

Maharashtra APMC’s income down 50 per cent — what triggered the fall

Market committee officials pointed out that the bumper crop this year has led to huge arrivals in the market leading to a fall in prices.

Commodities News

NAFED to procure 20 lakh tonne each of pulses, oilseeds from farmers at MSP rate

NAFED will buy pulses and oilseeds on behalf of the government to provide MSP to farmers, he said, adding that the co-operative has made arrangements of funds to carry out this procurement operations.

Commodities News

Gold prices steady after steep fall, biggest daily decline in two weeks

Spot gold was up about 0.1 percent at $1,293.19 per ounce as of 0123 GMT, after slipping more than one percent on Thursday.

Gold prices, US economic data, Spot gold, global silver demand, US gold futures, Donald Trump,  Moon Jae-in, Kim Jong Un, brexitEuropean Union News

Oil prices firm amid OPEC supply cuts, US sanctions on Iran and Venezuela

Oil markets have been pushed up by more than a third this year by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC), U.S. sanctions on oil exporters Iran and Venezuela, a

Oil prices, OPEC supply, US sanctions on iran, venezuela, US crude futures, WTI prices, Saudi Arabia, global oil demand News

Reliance, Nayara, Total seek to be part of LPG subsidy transfer mechanism

Ask the government to allow them to have a level playing field with the state-run oil marketing companies.

Commodities News

Cotton price to go up on lower output forecast

The cotton price will increase further in the current season on the back of recent revised production estimates.

Commodities News

No end in sight for petrol, diesel price hike? Crude oil price may soar, says top brokerage

With Brent touching five-month high on Monday, Goldman Sachs has raised its crude oil price forecast for this year, in what could worry for the Indian government and consumers alike, who may have to f

crude oil, India, Mexican crude, crude oil for India, Mexcio, international prices of crude, Mexican export, crude imports, clean energy News
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