Commodities

ICAR prepares a 5-year road map to raise oilseeds productivity

Outlining the likely initiatives, ICAR’s director-general Trilochan Mohapatra said there were about 12-million hectare rice fallow which kept vacant after paddy harvest and 3-4 million hectare of th

ICAR, road map, oilseeds productivity, oilseeds sector, Indian Council of Agricultural Research, market news, commodity  News

Gold inches down as strong US retail sales lift dollar

Spot gold was down 0.1% at $1,405.26 per ounce, as of 0104 GMT.

Gold prices, US retail sales,  Spot gold, dollar, US gold futures News

Oil prices steady after falling to more than one-week lows

Iran denied it was willing to negotiate over its ballistic missile program, contradicting a claim by U.S. Secretary of State Mike Pompeo, and appearing to undercut Trump's statement that Washington ha

Oil price, US crude, Brent crude futures, oil futures, US iran tensions, global oil price News

Crude windfall in making for India: Oil prices set to cool more, may shore up fiscal, trade balance

The slump in China’s economic growth to the lowest in nearly three decades may bring some crude relief to the Indian economy, with the slowing global demand pushing crude oil prices lower.

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Gold little changed; US retail sales data in focus

Spot gold was down 0.1% at $1,412.24 per ounce, as of 0107 GMT.

Commodities News

Oil down for a second day as US Gulf of Mexico output returns

The U.S. benchmark fell about 1% in the previous session. Both contracts last week made their biggest weekly gains in three weeks as U.S. oil inventories fell and diplomatic tensions rose in the Middl

Oil prices, Chinese economic data, US crude oil,  economic growth, Gulf of Mexico, Middle East News

Vegetable oil imports surge 6% to 11.05 lakh tonne in June

During November 2018-June 2019, import of refined oil (RBD Palmolein) went up 39% to 1,825,663 tonne, against 1,315,256 tonne in the year-ago period.

vegetable oil, vegetable oil import, Indonesia, Malaysia, RBD Palmolein,  soy oil, oil import, oil export News

Why cotton imports and exports may decline

India usually exports around 60-70 lakh bales annually. Although cotton imports are currently taking place, the pace is slow and imports are likely to be down as well, experts said.

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Marine fish catch falls 9% in 2018

The total marine fish production in 2018 was recorded at 3.49 million tonne, which is lower by 3.47 lakh tonne (9%) as compared to the previous year, mainly due to reduced catch in West Bengal, Karnat

The catch of sardine dropped to 1.55 lakh tonne all over India from 3.37 lakh tonne in 2017, a CMFRI source said. (Representational image) News

Maharashtra farmers had sown banned HT Bt cotton seed in Akola: Lab report

With increasing scarcity of labour in rural India, cotton farmers are eager to find alternative ways to reduce the cost of labour, and stay competitive in the global market.

This season, at least 25-30% of the acreage under cotton would be of the HT Bt variety. News

Gold gains on US-China trade jitters, rate cut hopes

Spot gold was up 0.4% at $1,408.62 per ounce as of 0133 GMT.

Gold prices, US gold futures, Spot gold, US-China trade, US tariffs on china, dollar index News

Oil prices rise amid Gulf of Mexico storm, Middle East tensions

U.S. West Texas Intermediate (WTI) crude futures were up 34 cents, or 0.6%, at $60.54 a barrel.

Commodities News

Global markets: Asian shares ease as Donald Trump rekindles Sino-US trade tensions

S&P 500 e-mini futures were last up 0.21% at 3,010.25. Federal Reserve Chairman Jerome Powell indicated on Thursday that a rate cut is likely at the Fed's next meeting as businesses slow investment du

Global markets, Asian shares, Sino-US trade tensions, Jerome Powell,  Federal Reserve rate cut, Asia-Pacific shares, Nikkei stock News

June estimate for cotton crop reduced by 3 lakh bales to 312 lakh bales

The cotton crop for Southern zone has been reduced by 3.25 lakh bales i.e. 68.50 lakh bales compared to the estimate of 71.75 lakh bales made during last month.

The CAI has estimated cotton consumption during the months of October 2018 to June 2019 at 243.12 lakh bales of 170 kg each News

Gold price hits all-time high in India after US Federal Reserve head’s dovish remarks

Gold prices hit an all-time high in India after the US Federal Reserve Chairman Jerome Powell indicated towards interest rate cut soon in a bid to shore up the economy.

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US oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions

Brent crude futures were down 5 cents, or 0.1%, at $66.96 a barrel, after ending Wednesday up 4.4%.

oil price, US oil futures, Gulf of Mexico, WTI crude futures, Middle East, oil firms, US oil markets News

Gold hits 1-week high as comments from Fed’s Powell stoke rate cut bets

Spot gold was up 0.4% at $1,423.80 per ounce as of 0112 GMT, after earlier hitting its highest since July 3 at $1,426.

Gold price, gold price today in India, gold price per gram, gold price chart, gold price in India, price of gold, investing in gold, sovereign gold bonds, Gold ETFs News

Gold prices headed for more correction? Investors on sidelines amid global, local cues

Gold price plunged Rs 600 to Rs 34,870 per ten gram in the bullion market on Tuesday, continuing to be under pressure for the last three trading sessions.

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Gold dips as dollar ticks higher, all eyes on Fed

U.S. gold futures slipped 0.4% to $1,394.40 an ounce.

Gold prices, dollar, US interest rate cuts, US gold futures, SPDR Gold Trust, US dollar News

Oil rises more than 1% after US stockpile drop; Brent nears $65

U.S. crude stockpiles fell more than forecast last week, while gasoline inventories decreased and distillate stocks built, data from industry group the American Petroleum Institute (API) showed on Tue

Oil price, US crude, OPEC, Crude stocks, Middle East, WTI futures News

UP cane arrears stand at Rs 9,500 crore: 5 big private mills owe Rs 5,000 crore to farmers

Of the privately-owned sugar mills, five big groups — the Yadu Group, Simbhaoli Sugars, Modi Group, Bajaj Group and Mawana Sugars — owe up to Rs 5,000 crore.

Cane dues on the same date last year stood at Rs 12,075 crore. News

NCDEX to launch Paddy Basmati-Pusa 1121 futures

Complying with guidelines of the market regulator, the exchange is allowed to start futures trading for paddy (basmati) for a trading and delivery lot size of 10 tonne with compulsory delivery option.

India produces about 5.5 million tonne basmati with more than 70% share of global basmati production News

Rubber board ropes in firms to operate untapped estates

About 1.25 lakh hectare of rubber plantation remain untapped, according to a preliminary assessment study by the Rubber Board.

Rubber growers could discuss the terms with the companies for undertaking the maintenance of plants, harvesting of trees and marketing of produce. News

Maharashtra dairy owners threaten to sell loose milk after plastic ban

Right now it is possible for dairy owners to obtain a EPR or buyback mechanism certificate by paying money but dairy owners have decided not to opt for such measures.

On an average, around 85 lakh litres of milk is sold through plastic pouches on a daily basis across the state. News

Petrol, diesel consumers should not worry on additional cess, say analysts; why it may be temporary pinch

Even as consumers feel the pinch due to the introduction of cess on petrol and diesel in the budget, analysts say the fuel prices are expected to soften going ahead.

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Gold tax hikes add unexpected headwind to price rally

The last time an Indian government raised import taxes, in August 2013, demand for gold jewellery fell sharply and took about a year to recover to previous levels.

Gold price, gold tax, trade deficit, SPDR Gold Trust, gold markets, global economic growth, india gold market News

Gold slips as fading expectations of sharp rate cut lift dollar

The dollar index was hovering near a three-week high on Tuesday after investors rolled back expectations for a sharp U.S. rate cut at the end of July.

Gold prices, US interest rate cut, Federal Reserve, COMEX gold, SPDR Gold Trust News
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