Sugar production till March 15 declines 21%

Indian raw sugar has a good chance of getting exported to Indonesia. Hence, it is expected that sugar exports from India will again pick up soon.

However, the impact could be temporary, the apex sugar body – Indian Sugar Mills’ Association (Isma) said on Tuesday. News

Gold prices fall as coronavirus rises, should you buy, sell or hold yellow metal

In the wake of rising fast-spreading coronavirus cases in India and across the world, gold prices edged lower on Tuesday as investors continued to sell assets across markets to keep their money in cas

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Petrol, diesel prices could have fallen more, but Modi govt ate your benefits; now, state govts may too

Retail prices of petrol and diesel have fallen by 7.1 per cent and 5.3 per cent since the beginning of December 2019.

petrol price, diesel price, crude oil, brent crude, oil supply, OPEC News

Expect natural rubber price reversal only after Q1, says ANRPC chief

The NR demand outlook do not favour the prices gaining strength in the short term, Premadasa says, in the foreword to the latest issue of the ANRPC bulletin “Natural Rubber Trends and Statistics”.

ANRPC comprises of 13 countries who contribute 90% of the global production and 65% of the global consumption of NR. News

CCI to continue cotton purchase at MSP from farmers despite coronavirus fears

As long as the Agriculture Produce Market Committees (APMCs) run, we shall continue to purchase cotton from farmers, P Alli Rani, CMD, CCI, said.

Cotton prices are in the range of Rs 38,000 per candy to Rs 38,500 per candy for good quality cotton, from Rs 40,000-42,000 per candy nearly 10 days ago, he said. News

Government tables notifications on excise duty, road cess rise on petrol, diesel

Benchmark crude oil prices have halved since January to $32 per barrel.

Commodities News

NMDC slashes iron ore prices by Rs 50 per tonne

The price of iron ore fines, which are inferior grade ore, has also been reduced by Rs 50 to Rs 2,860 per tonne.

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Gold imports dip 8.86 per cent to $27 billion during April-February 2020

Gold imports have been recording negative growth since December last year. India is the largest importer of gold, which mainly caters to the demand of the jewellery industry. In volume terms, the coun

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Petrol, diesel prices to be hiked; as government increases excise duty

The hike in excise duty will more or less take the price of the fuel to the same level when the crude oil had plummeted to the lowest level since the start of the first gulf war in 1991.

Modi government hikes Excise duty on both petrol and diesel by Rs 3 per litre News

India’s sugar production likely to touch 265 lakh tonne: NFCSF

Karnataka’s sugar season is likely to end in the next few days while Maharashtra mills should complete crushing operations by mid-March due to unavailability of cane.

Commodities News

Vegetable oil imports drop by 10.5% in February

The country’s monthly requirement is about 19 lakh tonne and ordinarily operates at 30-day stock against which currently the holding stock is 15.30 lakh tonne, equal to the 24-day requirement.

During November 2019 to February 2020, the import of refined oil (RBD palmolein) decreased to 3,00,536 tonne from 6,47,900 tonne a year ago. News

Gold set for biggest weekly drop in nearly 7 years in virus-led sell-off

Spot gold was down 0.9% to $1,562.30 an ounce by 0139 GMT, after a more than 3% sell-off in the previous session. For the week, it was down about 6.7% - the biggest since June 2013.

Commodities News

Gold prices fall today as investors book profits at higher levels, silver rates slump Rs 500

Gold April futures were trading a lad lower, down Rs 75 or 0.17 per cent to trade at Rs 43,280 per 10 grams, while silver May futures slipped Rs 498 or 1.09 per cent to Rs 45,328 per Kg on MCX in Thur

gold demand, silver demand, gem and jewellery industry, coronavirus, covid 19 News

Maharashtra sugar production estimates revised to 60 LT this season

With more cane planted for the next season, sugar production is expected to rise in the coming season as well and therefore mills are expected to export more sugar this season to maintain stability in

This season, Maharashtra has been allocated a quota of 18.50 lakh tonne of which 11 lakh tonne has been exported. News

Oil sinks on Saudi Arabia move as equities lose early puff on coronavirus fear

Markets had been showing signs of much-needed stability in early trade following two days of wild gyrations, thanks to a pledge by US President Donald Trump to unveil measures to counter the effects o

Oil prices, Saudi Arabia, coronavirus outbreak, world market, Donald Trump, Saudi Stock Exchange, Riyadh, OPEC News

Petrol, diesel prices may fall further as crude oil price war escalates

In more than a decade, the global oil demand can fall in full-year 2020 for the first time.

petrol price, diesel price, petrol, diesel price, crude oil prices, price war, oil price war, IEA News

Gold prices rise as coronavirus cases jump, doubts over US stimulus package linger, silver rates up

Gold April futures were trading a tad higher at Rs 43,810 per 10 grams, up Rs 70 or 0.16 percent, while the silver May futures were ruling Rs 352 or 0.76 per cent higher at Rs 46,474 per kg on MCX in

gold price today News

Brent at $31/barrel: Crude dips sharply but formula limits fall in fuel prices

Big gains for India seen from declining import bill, oil companies to cut inventory gains in Q4 .

That crude imports have turned a bit costlier by a 4% depreciation of the rupee since January would not suffice to explain the gap between the rates of fall in crude price and the retail prices of diesel and petrol. News

Groundnut prices won’t come down despite sluggish China demand

Against the estimated crop of 32 lakh MT during the current season, Gujarat farmers witnessed around 28-30 lakh MT, of which nearly 70% has been consumed.

Ground prices are currently around Rs 950-Rs 1,180 per 20 kg in different APMCs of Gujarat. News

Oil crash sparks ‘Black Monday’ meltdown on virus-hit markets

In late morning deals, London's benchmark FTSE 100 index of top British companies were down 6.3 per cent having tumbled by almost nine per cent early on.

markets, oil News

Coronavirus to cause first annual decline in oil use in decade: IEA

Oil consumption tanked in February, with the IEA estimating it fell by 4.2 mbd from the same month last year, of which 3.6 mbd was in China.

By 2025 demand will increase by 5.7 mbd but output capacity is forecast to rise by more than that, at 5.9 mbd, with most coming from non-OPEC sources. News

Crude meltdown: Welspun Corp says no impact on its current order book

Crude oil prices plunged nearly 30 per cent to USD 32.11 per barrel after top exporter Saudi Arabia launched a price war in response to a failure by leading producers to strike a deal to support energ

In a regulatory filing the company said that the sudden meltdown in the oil prices in the international market was due to certain geo-political realignment. News

Gold prices rise in India today as global rates hit 7-year high, coronavirus cases spike

Gold April futures were trading Rs 140 or 0.32 per cent higher at Rs 44,298 per 10 grams, while silver May futures were trading nearly 2 per cent or Rs 904 lower at Rs 46,065 per kg on MCX

Commodities News

Petrol, diesel fall on cue of global crude prices drop; check latest rates in Delhi, Mumbai, others

Petrol and diesel prices have dropped in major Indian cities taking a cue from the fall in global crude oil prices.

petrol price, diesel price, crude oil, brent crude, oil supply, OPEC News

Fat-free approach: FSSAI is trying to make India vanaspati free

The World Health Organisation (WHO) and the Foods Standards and Safety Authority of India (FSSAI) are working in tandem to eliminate the presence of TFA from industrially produced cooking oils.

FSSAI plans to cap TFA at 3% by 2021 and 2% by 2022 in edible fats and oils. News

Petrol, diesel prices fall further; OPEC denies to cut supply even as oil demand may touch all time low

An IHS Markit report has said that the global oil demand could fall by as much as 3.8 mb/d in the first quarter, which will be the largest contraction in history.

petrol price, diesel price, crude oil, brent crude, oil supply, OPEC News

Oilmeal exports drop 74% in Feb on better price realisation

During April 2019-February 2020, Vietnam imported 276,655 tonne of oilmeals.

oilmeal export, february oilmeal export, oilmeal data 2020, Solvent Extractors’ Association of India News
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