Page 194 - Commodity News

Brokers plan to sue MCX over negative price settlement of April crude

MCX said that it had settled the contract according to the formula in the contract, which has been followed for the last 15 years

Demand recovery, storage facility ramp up key for sanity in crude oil price

On Monday, the front-month US WTI benchmark crashed into negative territory for the first time ever in history

Shale holdings of RIL, GAIL come under pressure amid oil price crash

Though WTI recovered, investment in alternative fuels like shale has become unviable.

US oil futures continue to tread in negative territory, Brent plunges

Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity

One rupee: The interim price at which MCX settled April crude oil contract

Brokers urge exchange and Sebi to work out an amicable price, as over 11,000 lots of open interest in the April contract were standing and couldn't be carried forward or squared off yesterday

WTI crude oil trades in negative for first time at -$37.63 per barrel

In a first, MCX crude oil, too, expires below Rs 1,000

Jewellers stare at missed Akshaya Tritiya opportunity due to virus lockdown

Likelihood of customers coming to sell their own gold holdings when stores open adds to their worries

All that glitters is on video: Tanishq finds a way for gold customers

Titan which sells Tanishq brand gold and diamond jewellery, operates over 350 retail stores across the counter. Apart from that, the company also sells huge quantity of its products online.

Commodity picks: 20 April, 2020

For the week ahead, soymeal prices are expected to move towards Rs 35,500 per tonne

Crude oil sheds over 7% on global cues, bullion take a beating too

Traders book profit on gold and silver, MCX crude futures follow WTI, which hit a 21-year low of $18 a barrel

Outlook & trading strategies for Gold, Natural Gas by Tradebulls Securities

The rally is under threat only when gold breaks 44,500

Branded edible oil reaches only a few retailers, prices up as stocks fall

With hotels and food processing units still shut, and with labour and logistics hiccups, edible oil availability in April has been 1.5 million tonnes as against the usual 2 million tonnes

Coronavirus lockdown leaves a bitter taste for India's sugar industry

In this backdrop, the sugar mills are now pinning hopes on the prospective shipments to Indonesia to make up for the accumulating losses

Covid-19 impact: Lockdown relief to agricultural activities lifts sentiment

Manufacturers of fertilisers, agrochemicals and tractors stand to benefit

Covid-19: Mango farmers approach housing societies for direct bulk supply

Grim export potential despite huge orders booked, due to prohibitive transport costs and lockdown in importing nations

Gold climbs to seven-year high on growth fears, stimulus measures

Holdings in the SPDR Gold Trust, the world's largest gold-backed ETF, rose to 1,009.70 tonnes on Monday, the highest since June 2013

Preference for polished pulses delaying Centre's free scheme roll-out

In total, in three months, starting from April, around 590,000 tonnes of pulses will have to be distributed for free to over 195 million families under the Garib Kalyan Yojana package

OPEC+ deal 'historic yet insufficient', oil prices to fall: Goldman Sachs

OPEC+ had agreed to reduce output by 9.7 million barrels per day (bpd) for May and June to stem a slump in prices

Coronavirus: 13 states get blanket govt approval for pulses procurement

States can buy up to 25 per cent of produce immediately

Commodity outlook by Bhavik Patel of Tradebulls Securities: Buy lead, gold

Gold is trading near all time high and some pullback is expected. Instead of chasing prices at a higher level, we recommend to buy on dips near 44,300.