Commodities

Diesel price dips below Rs 73, petrol rate cut for 2nd time in six months

Petrol price in the national capital fell to Rs 81.86 a litre from Rs 81.99 per litre.

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Demand for natural rubber may revive in Q3 of 2020

The inter-governmental organisation of 13 rubber producing countries in its latest report said the global demand for NR is likely to fall by 2.9 % in Q3 of 2020, after it fell 15% in Q1 because of Chi

natural rubber, global demand for rubber, ANRPC, global economic recovery, coronavirus, latest news on natural rubber

Less supply from states owing to crop damage caused by rains push vegetable prices up in Delhi

In the open market, retail prices of green vegetables like okra (bhindi), cabbage, green chilly, pointed gourds (parwal) among others were selling at Rs 60 per Kg and above.

Potatoes are also being sold at Rs 70- 80 per Kg while tomato Rs 60-80 and onion Rs 40-50.

Sowing of pulses, coarse cereals and oilseeds almost over; rice growing still in progress: Govt

The ministry attributed the record progress in kharif sowing to timely prepositioning of crop inputs, credit and adoption of technologies besides good rainfall.

The final sowing figures for the kharif season are expected to be closed on October 1.

Petroleum products sale in Gujarat lower despite 4 unlockdowns

It would take another three to four months to achieve pre-lockdown level in Gujarat, he said, adding that trade and industries are gradually opening up in the state but still a large chunk of employee

In the case of diesel, sale of the petroleum commodity nosedived from almost 56 crore litre to as low as 11 crore litre.

Covid-19 lockdown re-imposition effect: August diesel sales 12% less than July

While rural agricultural demand is mainly driving diesel consumption, floods in Bihar and northeastern states has moderated the speed of demand recovery. Muted sales of commercial vehicles is also not

Diesel sales itself contribute to around 40% of the total consumption of petroleum products in the country.

Nafed intiative: Scores of e-kisan mandis being set up; Pune gets the first one

As for the Pune facility, around 30 FPCs in Pune district are part of the effort. The traders or retail market chains will be registered on the mandi for making online purchases from farmers.

The e-Kisan mandi platform would not compete with but complement the physical markets.

Palm oil prices may fall as demand in India weakens, imports drop amid coronavirus

Palm oil imports by top buyer India probably fell from a 10-month high as a slow recovery of the food services industry curtailed demand for the world’s most-used vegetable oil.

Our country is facing a shortage of edible oils.

Gold outlook: Decline in gold price a temporary correction

Gold’s near-term movement will no longer be linear in direction. But the macroeconomic tailwinds that instigated the bull market in gold in the first place, are very much intact, and are expected to

Gold imports double in August ahead of festivities even after prices touch record high

India’s gold imports more than doubled last month ahead of the start of key festivals in the world’s second-biggest bullion consumer.

On the rise again: Onion prices threaten to skyrocket

The unseasonal rains in March and April this year with hailstorms caused rotting in storage. At present, the onion arrivals in the market are not of top quality but are commanding good prices due to t

On Friday, onion prices at Lasalgaon touched a minimum of Rs 1,000 a quintal and a maximum of Rs 2,411 per quintal with modal price at Rs 2,000 per quintal.

Gold prices gain today as equity markets fall, inch closer to Rs 51,000 per 10 gram again

Gold is now among the preferred investments as it has outperformed all other major asset classes this year. The report noted that this surge in prices is due to a rise in ETFs investments and not the

India gold prices break away from global rally in August, after surging together for 7 months

Gold prices in India broke away from the global price rally for the first time in eight months, and reversed gains in August, after climbing lock-step for the first seven of the current year 2020.

India’s sugar crop harvest faces delays with COVID-19 raging throughout nation

Sugar mills in the producing states of Maharashtra, Karnataka and Gujarat rely on seasonally migrating labor to harvest sugarcane, and many of these laborers may not come this year.

Gold dips as solid US economic data lifts dollar

"A strong greenback is weighing on the precious metal," said DailyFx strategist Margaret Yang."The broader picture is still in favour of gold, as the U.S. Federal Reserve and other central banks are l

Gold prices, global economic recovery, US manufacturing data, US Federal Reserve, US economic outlook, latest news on gold prices

Sugar mills: UP can’t pay farmers, Maharashtra mills can’t pay workers

As per the latest report of the Maharashtra Sugar Commissionerate, as on August 15, mills in the state have paid farmers Rs 13,870 crore in cane payments, which was 99.41% of the total amount computed

For half of UP mills, fixed and remunerative price better than state advised price

For the current season, the FRP is Rs 275 per quintal at a 10% recovery rate and this goes up to 1% for every 0.1% hike in recovery rates.

So, if the SAP is not increased for the next season, and there is no indication right now that it will be raised, particularly since there are no elections, the SAP is better for mills that have a recovery rate of over 11.25%.

Gold prices decline by Rs 252, silver rises

The rupee strengthened 43 paise to end at 73.39 (provisional) against the US dollar on Friday supported by persistent foreign fund inflows and weak American currency.

In the previous trade, the precious metal had closed at Rs 52,407 per 10 grams.

Lockdown effect: Diesel sales in August 14% lower than in July

According to provisional data by the government’s Petroleum Planning and Analysis Cell (PPAC), consumption of petroleum products fell 22.5% y-o-y to 56.4 mt in the April-July period.

Half the trucks parked workless; fuel demand may slump to 5-year low, diesel outlook bleak

India’s oil-product demand is set to slump to a five-year low this financial year, with a bleak outlook for diesel consumption as the nation’s truck operators idle vehicles and consider cutting th

As sowing picks up pace, onion seed prices soar in Maharashtra on acute shortage

The shortage is to the extent of 40-45%, officials at the National Horticulture Research and Development Foundation (NHRDF) said.

For the first time, farmers ended up crowding NHRDF centres in Nashik to purchase seeds, and the help of the police had to be sought to prevent crowding, local technical officers at the NHRDF said.

Gold prices today rise again after falling five days in a row; investors await crucial cues from US

Gold prices were trading higher on Wednesday, after declining half a per cent in the previous session. In the past five trading sessions, gold prices have fallen nearly 5 per cent

NCDEX to relaunch futures contract of til tomorrow

The til futures contract would be made available for trading from August 26, with Unjha (Gujarat) as the basis centre and Rajkot (Gujarat) as the additional delivery centre, NCDEX said in a statement.

Futures contracts for til on NCDEX

Gold prices to more than double, India demand to soar again; check ace strategist’s new target price

The secular bull run that started in the year 2001 is set to take gold prices soaring to over two-and-a-half times, as gold catches up its share in the US disposable incomes, and demand in India makes

Bovine mastitis resulting in 70 per cent loss in milk production: IIT-Roorkee study

IIT-Roorkee's three-year research, funded by the Department of Science and Technology, got published in the Journal of Proteomics and won the Science Engineering Research Board (SERB) award.

It can be prevented by eliminating sources of infection.

Gold prices rise after two-day fall, follow global trend; check gold, silver prices today

Analysts say the broad bullish outlook remains intact due to uncertainties surrounding the global economic recovery, hopes of fresh stimulus measures from central banks and a weak US dollar

‘India exported Rs 21,515 crore of spices, spice products in FY20’

The spices export during 2019-20 exceeded the fixed targets in terms of volume, rupee value and dollar value.

spice products, spices export, Indian spices, global markets, Spices Board
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