USDA cuts cotton estimates for India by 20 lakh bales

The United States Department of Agriculture (USDA), which had estimated the Indian cotton production estimate for the 2018-19 crop year at 345 lakh bales (of 170 kg each), have now reduced their lates

Commodities News

Oil imports: Amid US-Iran heat, Tehran sends minister to India

With the US ending sanctions exemption to India for importing Iran oil after May 1, Iranian foreign minister Mohammad Javad Zarif is reaching India late on Monday night and will meet external affairs

Commodities News

Crude oil price rises as Middle East tanker attacks add to political risks

Prices had been struggling in recent weeks against a backdrop of increasing trade tensions between the U.S. and China, which damped the macroeconomic outlook.

Commodities News

India’s rising oil demand to support investments in refineries, upstream production: Moody’s

The government demands high shareholder returns from the government-owned companies in the form of dividends and share buybacks.

Commodities News

Petrol, diesel prices cut for the fifth consecutive day across major cities, petrol selling at Rs 71.43 in Delhi

State-run oil marketing companies have cut the fuel prices on the fifth consecutive day on Fifth consecutive day across major cities in India. While the petrol prices have been cut by 29-32 paise per

Commodities News

Fuel retailers cut petrol, diesel prices for the second consecutive day across major cities, petrol selling at Rs 72.63 in Delhi

State-run oil marketing companies have cut the fuel prices on the second consecutive day on Friday across major cities in India. While the petrol prices have been cut by 20-23 paise per litre, diesel

Commodities News

Gold prices buoyed as US-China trade tensions mount

Spot gold was steady at $1,284.65 per ounce at 0142 GMT and is up about 0.4 percent for the week.

Gold prices, US-China trade tensions, US-China deal, Spot gold, US gold futures, Japanese yen, Trump administration News

Oil price rallies on hopes for US China trade deal

WTI closed the last session down 0.7 percent. Analysts said oil was drawing support on renewed hopes that a China-U.S. trade deal after U.S. President Donald Trump said he received a "beautiful letter

Oil price, US oil prices, global economic growth, Beijing, Brent crude futures, WTI crude futures, US-China trade, Global growth News

Nafed won’t sell mustard stocks at a discount

Production of mustard crop, the main oilseed of rabi season, is estimated at 8.4 million tonne in 2018-19, up from 7.5 million tonne a year ago.

Commodities News

Cement sector on its path to strong growth momentum, demand to help price recovery

According to the analyst, a price hike of Rs 30-50/bag in a month is unusual and hence all stakeholders are on tenterhooks that whether this unusual price hikes would sustain.

Commodities News

China and India seen as Europe’s last hope to save Iran deal

EU officials say Delhi has expressed interest in joining INSTEX to buy Iran's oil, but discussions have barely begun, and questions remain about whether this is even feasible.

Commodities News

Fuel retailers cut petrol, diesel prices across major cities, petrol selling at Rs 72.84 in Delhi

State-run oil marketing companies have cut the fuel prices on Thursday across major cities in India. While the petrol prices have been cut by 16 paise per litre, diesel prices have been reduced by 7-1

Commodities News

Gold prices firm as US-China trade tensions heat up

U.S. President Donald Trump said on Wednesday that China "broke the deal" it had reached in earlier trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese im

Gold prices, US China trade tensions, Chinese imports, Beijing, global economy, Donald Trump, Asian shares, US sanctions, iran News

Oil prices fall on trade dispute despite surprise drop in US crude inventories

The Sino-U.S. trade war has weighed on oil prices this week as heightened tensions between the world's two biggest economies could the global economic outlook.

Oil prices, US china trade war, US crude, Donald Trump, US WTI crude, global economic, OPEC, China crude imports, OPEC supply News

Oilmeal exports fall 25% in April, castorseeds gain

The export of castorseed meal, however, has increased to 53,591 tonne against 17,257 tonne, according to the Solvent Extractors’ Association of India (SEA). It is mainly exported to South Korea.

Oil, Oil futures, Oil price, OPEC, crude oil, petroleum, Petroleum, oil iran, US sanction on iran, oil venezuela News

US sanctions against Iran likely to hurt India’s oilmeal exports

The decision of the US has caused ripples in the Indian edible oil industry with exporters confused about the future of oilmeal exports to Iran.

Edible oil, soya oil crude palm oil, anuj gupta, angel broking, sea, soyabeen, sopa, एडिबल ऑयल, खाने का तेल, import of soya oil, import of crude palm oil, rapeseed, News

U.S. says no more sanctions waivers for Iran oil purchases

The United States will not grant any more waivers to any countries that would allow them to buy Iranian oil without facing U.S. sanctions

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Petrol, diesel prices may not rise till election ends; check fuel prices in major cities today

State-run oil marketing companies have kept the fuel prices unchanged after slashing the petrol rates on Monday, across major cities in India. In Delhi, while petrol is costing Rs 73 per litre, people

Commodities News

Oil prices firm amid US sanctions on crude exporters Iran, Venezuela

"The tight and price-supportive fundamental outlook has not gone away," said Ole Hansen, head of commodity strategy at Denmark's Saxo Bank.

Oil prices, US sanctions, crude exporters, Iran, Venezuela, WTI crude futures, Washington, tariffs on Chinese goods, crude export News

Gold firms as Sino-US trade concerns dampen risk appetite

Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs

Gold prices, Gold firms, Sino-US trade, Spot gold, US gold futures, U.S. gold futurest, Akshaya Tritiya  News

ONGC, others eye blocks in unexplored basins after changed rules under revised OALP

In several cases, irrational bidding, quoting very high revenue share — even above 90% at the peak production level during the contract period — had raised serious concerns of back-loading of prod

Commodities News

Cotton association reduces crop estimates for 2018-19 to 315L bales

CAI’s current estimates for the North Zone, Madhya Pradesh, Telangana and Andhra Pradesh are lower by 1 lakh bales each compared to its previous month estimate.

Commodities News

Cashew exporters concerned over surge in fraudulent imports of kernel

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.

Commodities News

Gold rush: Jewellers make desperate bid to woo customers

Popley Group has launched a special edition of gold coins, which are being offered at cheaper rates, and is also selling luxury watches at a 25-50% discount.

Akshaya tritiya: know what is gold carats and its importance News

Lower output, price rise to hit cotton yarn margins

India’s cotton production is expected drop by over 5% in cotton season 2019 (the CS is usually from October 1, 2018, to September 30, 2019) due to low water availability and inadequate south-west mo

cotton, cotton industry, cotton sector News

Not just for auspicious reason, betting big on gold is good for your portfolio this year

Today is Akshay Tritiya, also known as Akha Teej, a hindu festival which is considered auspicious for buying the yellow metal. The experts are bullish on buying gold today as the investment will fetch

Akshaya Tritiya 2019 Special, gold, gold investment, latest gold price, paper gold, physical gold, gold ETF, Sovereign gold bonds , News

Top jewelers line up Akshaya Tritiya discounts; 50% off on making charges, free gold coins and more

Retailers like Malabar Gold & Diamonds are offering as much as 50 percent off on jewelry-making charges, while Tata Group’s Titan Co. is giving a discount of up to 25 percent.

Akshaya Tritiya: best time to buy gold Gold outlook for future News
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