December 28, 2023 09:03 AM ISTAccording to Geojit, The Solvent Extractors' Association of India is set to host three international conferences in the next two months, according to a press release on Monday.
December 28, 2023 07:45 AM IST Brent crude futures climbed 20 cents, or 0.3%, to $79.85 a barrel by 0133 GMT. U.S. WTI crude futures were up 24 cents, or 0.3%, at $74.35 a barrel.
December 27, 2023 01:18 PM IST In the realm of commodities, iron ore prices have surged to an 18-month peak, reaching $140 per tone. China remains the dominant force, constituting 70% of the world's demand. Strong requirements in shipping, machinery, automobiles, and infrastructure are fueling this trend. Catch Manisha Gupta as she provides comprehensive insights on today's #Commodities Corner.
December 27, 2023 09:57 AM IST According to Geojit, India's total exports of oil meal during 2023-24 (Apr-Mar) are projected at over 4.5 mln tn, up from 4.3 mln tn last year, Ajay Jhunjhunwala, president of the Solvent Extractors' Association of India said in a press release on Monday.
December 27, 2023 07:31 AM IST Brent crude futures fell 18 cents, or 0.22%, to $80.89 a barrel by 0101 GMT. U.S. WTI crude futures were down 22 cents, or 0.29%, at $75.35 a barrel.
December 26, 2023 01:20 PM IST Alumina prices hit record highs; Gained 7% on Friday to $446/tonne. Copper at 4 mth high on firm physical demand. Mine supply issues in Latin America. Catch Manisha Gupta in conversation with Nishant Kumar, Technical Analyst, N K Charts
December 26, 2023 10:01 AM IST According to Geojit, The government extended the policy to allow the import of crude soyoil, crude palm oil and crude sunflower seed oil at lower duty by another year till Mar 31, 2025, the Ministry of Finance said in an official notification.
December 26, 2023 07:17 AM IST Brent crude futures fell 26 cents, or 0.3%, to $79.13 a barrel by 0115 GMT while U.S. West Texas Intermediate crude was at $73.59 a barrel, up 3 cents.
December 22, 2023 01:11 PM IST India will allow the import of edible oils at lower import tax rates until March 2025, as the world's biggest importer of vegetable oil moves to keep a lid on local prices. The lower import duty structure on crude palm oil, crude sunflower oil and crude soy oil was originally set to expire in March 2024. However, as per the order, refiners can now continue to import at lower duties until March 2025. Catch Manisha Gupta with more details
December 22, 2023 09:59 AM IST According to Geojit, Farmers in Telangana have sown rabi crops over 944,676 acres as of Wednesday, up 9.4% from 863,141 acres a year ago, according to data from the state government.
December 21, 2023 01:37 PM IST Both gold and silver prices recorded a hike on the Multi Commodity Exchange (MCX) on Thursday, December 21, 2023. Gold futures, maturing on February 5, 2024, stood at Rs 62,485 per 10 grams on the MCX, after recording a marginal hike of Rs 70 or 0.11 per cent. Similarly, silver futures, maturing on March 5, 2023, also witnessed a jump of Rs 14 or 0.02 percent and were trading at Rs 75,517 per kg on the MCX. The gold and silver prices in India depend on several factors, including the value of the rupee against the dollar. Global demand also plays a key role in determining the trends observed in the rate of precious metals. Catch Manisha Gupta with more details.
December 21, 2023 11:23 AM IST According to Geojit, The area under rabi crops in Gujarat fell 1% on year to 4.07 mln ha in the current season as of Monday, according to data from the state agriculture department.
December 20, 2023 01:21 PM IST Gold remains firm above USD 2,000 dollar mark on the back of a soft US-Dollar and lower US Yields.. Catch Manisha Gupta in conversation with Ajay Kedia, MD Kedia Advisory.
December 20, 2023 10:26 AM IST According to Geojit, The area under rabi crops in Gujarat fell 1% on year to 4.07 mln ha in the current season as of Monday, according to data from the state agriculture department.
December 19, 2023 01:08 PM IST The Union government directed rice industry associations on Tuesday to ensure a reduction in the retail price of rice with immediate effect. The direction came after the Reserve Bank of India had flagged the rising price of rice by 12% year on year. Catch Manisha Gupta in a chat with Dr Prem Garg, National President, Indian Rice exporters federation.
December 19, 2023 09:18 AM IST According to Geojit, The National Commodity and Derivatives Exchange Ltd is set to launch trading in mini futures contracts of jeera from 19 Dec, the exchange said in an official release.
December 19, 2023 07:25 AM IST Brent crude futures rose 17 cents, or 0.2%, to $78.12 a barrel at 0112 GMT. The front-month U.S. West Texas Intermediate crude futures contract, which expires on Tuesday, rose 14 cents to $72.61 a barrel. The more active second-month contract rose 9 cents, or 0.1%, to $72.91.
December 18, 2023 01:21 PM IST The Reserve Bank of India (RBI) has unveiled the Sovereign Gold Bond (SGB) Scheme Series III for the fiscal year 2023-2024. This launch comes in response to the significant rise in gold prices, exceeding a 10 percent hike in 2023, which has defied expectations despite a challenging high-interest rate landscape. Catch Manisha Gupta in conversation with Surendra Mehta, National Secretary -IBJA
December 18, 2023 10:46 AM IST According to Geojit, Food Corp of India has sold 4.81 mln tn of wheat and 119,000 tn of rice under the Open Market Sales Scheme through 25 eauctions so far since Aug 28, according to an official release.
December 18, 2023 07:19 AM IST Brent crude futures climbed 69 cents, or 0.9%, to $77.24 a barrel by 0037 GMT, while U.S. West Texas Intermediate crude was at $72.08 a barrel, up 65 cents, or 0.9%.
December 17, 2023 07:15 AM IST Looking ahead, the commodity market focus will turn to flash PMI figures for early insights into business activity.
December 15, 2023 01:43 PM IST Metal prices are on the upswing, poised to finish the week strongly. This surge comes as the Federal Reserve indicates potential cuts to interest rates, signaling three expected reductions in 2024. Catch Manisha Gupta in conversation with Kunal Shah-Head of Commodities & Currencies, Nirmal Bang to know more.
December 15, 2023 09:05 AM IST According to Geojit, Farmers in Telangana have sown rabi crops over 797,479 acres as of Wednesday, up 3.6% from 769,348 acres a year ago, according to data from the state government.
December 15, 2023 08:19 AM IST Brent futures rose 9 cents to $76.70 a barrel at 0006 GMT. U.S. West Texas Intermediate (WTI) crude climbed 10 cents to $71.68.
December 14, 2023 01:46 PM IST Investor enthusiasm over the US Federal Reserve's dovish position sets the stage for a multi-year upswing in gold. Bullion saw a surge in response to the Fed's indication of three rate cuts in 2024. On the home front, gold and silver prices soared on December 14 in the MCX market. The secure-haven gold climbed by 2.3 percent, and silver shot up by 5 percent. Post the announcement, the dollar index plummeted, dipping below the 103 threshold, while the 10-year US Treasury yield slipped beneath the critical 4 percent mark. Catch Manisha Gupta in an exclusive conversation with Somasundaram, World Gold Council.
