Increase in import of RBD Palmolein hurting local industry: Extractors’ body

The association has urged the government to provide 10% duty difference to reduce the basic customs duty on CPO to 35% to maintain the differential with refined Palmolein at 10%.

Commodities News

India’s foodgrains production may fall 1% to 281.37 MT, says Agri Min

As per the data, rice production is estimated to touch record 115.60 MT in 2018-19 from 112.91 MT in the previous year. Wheat output is pegged slightly lower at 99.12 MT from 99.70 MT in the previous

Commodities News

How Indian sugar may cure Iran’s oil-money headache

The Government Trading Corporation of Iran will buy 150,000 tons of raw sugar from Indian mills for delivery in March-April, paying in rupees from escrow accounts held at UCO Bank.

Commodities News

Gold near 2-week lows as dollar rebounds on Sino-US trade concerns

Gold prices on Thursday held near two-week lows touched in the previous session as the dollar rebounded after cautious comments from U.S. Trade Representative Robert Lighthizer stoked concerns over pr

Gold near 2-week lows as dollar rebounds on Sino-US trade concerns News

Oil firm on falling US fuel inventories, but record output drags on prices

U.S. oil prices were firm on Thursday amid a fall in U.S. inventories and as OPEC cuts supply, but record U.S. crude output of 12.1 million barrels per day (bpd) prevented prices rising further.

Oil firm on falling US fuel inventories, but record output drags on prices News

Pomegranate prices under pressure amid high supplies, but exports get a fillip

Compared to last year, prices of the fruit are down by 50-70% dropping to Rs 15 to Rs 45 per kg in wholesale markets and Rs 100 to Rs 150 per kg in retail markets.

Commodities News

Spices in distress: Pepper imports flouting minimum import price hurting local produce

The Union government imposed an MIP for pepper at CIF value of Rs 500 per kg to protect the interests of farmers in December 2017.

Commodities News

Gold steady amid subdued dollar after Fed comments, palladium above $1,550

Gold prices were steady on Wednesday as the dollar stood near a three-week low after the Federal Reserve's chairman reiterated the U.S. central bank would stay patient on further interest rate hikes,

Gold steady amid subdued dollar after Fed comments, palladium above $1,550 News

Oil rises on OPEC-led supply cuts, report of falling US crude inventories

Oil prices rose on Wednesday after a report of declining crude inventories in the country and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump

Oil rises on OPEC-led supply cuts, report of falling US crude inventories News

Over 20,000 crore shortfall seen in fuel subsidy outlay for FY20

Brent crude oil prices started rising from April this year and reached a peak of $86 a barrel in October.

Commodities News

Maharashtra sugar season draws to a close, 12 mills stop operations

KGS Sugars is the first mill in the state to shut down on February 3, after working for 69 days.

Commodities News

Gold falls Rs 60 on weak global cues, muted demand

Gold prices fell by Rs 60 to Rs 34,530 per 10 grams at the bullion market Tuesday backed by weak trend overseas amid easing demand from local jewellers at prevailing levels, according to All India Sar

Gold falls Rs 60 on weak global cues, muted demand News

Petrol price hiked to Rs 71.66 in Delhi; Check petrol, diesel prices today in Mumbai, Kolkata, Chennai

In Delhi, the petrol price has raised to Rs 71. 66 per litre from yesterday’s Rs 71.57, a rise by 9 paise.

punjab government decides to reduce VAT petrol-diesel prices will decrease News

Oil price steadies after selloff; market eyes Donald Trump intervention

International Brent futures were at $64.95 a barrel at 0108 GMT, up 20 cents, or 0.3 percent, from their last close. Brent fell 3.5 percent on Monday when prices hit $64.54 a barrel - the lowest since

Oil price steadies after selloff; market eyes Donald Trump intervention News

Pulwama attack retaliation: India halts cotton exports to Pakistan amid tensions

Thanks to the unease between India and Pakistan, exporters see a temporary slump in flow of consignments for a few days

Commodities News

Castor crop output may fall 20% to 11 lakh tonne in 2018-19

The total area under castor in India for 2018-19 is estimated to be 7,69,570 hectare as per the government’s forecast against 2017-18 estimate of 8,21,600 hectare, which has decreased by 7% compared

Commodities News

Fast changing steel market scenario to propel India amaong top players

Steel exports are included in export figures of engineering goods.

Commodities News

Gold extends gains on wedding season demand, positive global cues

Globally, gold futures to surged to USD 1,330.65 an ounce while silver at USD 15.88 an ounce in New York.

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Petrol prices hiked to Rs 71.29 in Delhi; check latest price for metros

Oil marketing companies hiked the price of petrol by 14-15 paise and that of diesel by 16-18 paise a litre the major metros on Friday.

punjab government decides to reduce VAT petrol-diesel prices will decrease News

Gold prices rise on trade talk optimism; Fed stance limits gains

The metal was headed for a second straight weekly rise, up almost 0.3 per cent. The precious metal had hit a 10-month high on Thursday but later erased the gains.

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Oil prices fall as U.S. crude output hits record 12 million bpd

Another recent price driver has been U.S. sanctions against oil exporters Iran and Venezuela.

Commodities News

Gold hovers near 10-month peak amid steady dollar after Fed minutes

Gold prices were firm near a 10-month peak on Thursday, with the dollar holding steady in the wake of minutes from the latest U.S. Federal Reserve meeting that rekindled expectations of a possible rat

Commodities News

Petrol prices rise by 15 paise per litre today; check today’s fuel rates in 4 metros

The oil marketing companies (OMCs) on Thursday increased petrol prices by 14 to 15 paise and diesel prices by 16 to 18 paise across the four major cities.

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Oil holds near 3-month high as Saudi curbs temper growth worries

Facing a surge in U.S. shale flows, the Organization of Petroleum Exporting Countries and its allies started a fresh round of supply curbs last month that have helped push oil around 24 percent higher

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Higher output of turmeric could lower prices in current season

India is the largest turmeric producer with 75-80% share of the global production and the demand for the commodity has been increasing rapidly from the medicinal and cosmetic industry.

Higher output of turmeric could lower prices in current season News

Punjab budget gives fuel relief! Petrol prices cut by Rs 5, diesel down by Re 1

Punjab Budget 2019-20: In a welcome move, Punjab government on Monday reduced petrol and diesel prices from midnight as it slashed value added tax (VAT) on fuel selling in the state in the budget.

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Finished steel exports fall 37%, imports grow 1.5% in April-January FY 2019

The country had exported 8.22 MT of finished steel during the corresponding period a year ago, the Joint Plant Committee (JPC) said in its latest report.

Commodities News
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