Page 196 - Commodity News

Commodity picks: 30 March, 2020

Refined soy oil prices are trading at Rs 820 per 10 kg and prices are expected to head towards Rs 840 per 10 kg over the next few days

Vegetables price jump 40% as coronavirus lockdown hits transportation

In Mumbai, cabbage and cauliflower were available at Rs 80 a kg and Rs 120 a kg, respectively, as against Rs 60 and Rs 80 a kg late last week.

Essential commodities market gets a major leg-up from states, police

In most areas, direct selling by farmers to retailers is on full swing, while mandis are calling for lesser quantities of perishables

Gold heading towards Rs 45,000 level amid volatility in global markets

This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds

India's oil production in February dips 6.4% on lower private sector output

ONGC reported a 4.64% rise in production at 1.67 million tonnes as output from its offshore fields saw a pick-up

Coronavirus outbreak: Gold selling at huge discount over weak demand

Silver quoting at a premium following scarcity: Crude oil, metals jump

Commodity picks: 23 February, 2020

Prices are expected to trade lower towards Rs 1,600 per quintal given the expected new arrivals

Crude oil adds over 4%, gold and silver up as markets recover sharply

News of factories and showrooms in China reopening after several weeks of lockdown boosts sentiment

Gold prices zoom Rs 1,395 to Rs 41,705, Silver prices advance Rs 2,889

In the international market, both the metals were trading with hefty gains, with gold quoting higher at $1,514 per ounce and silver at $12.96 per ounce.

UP ethanol production hits 1.4 bn litres, more capacity in the pipeline

60 sugar mills likely to produce ethanol by 2021-22

Oil to stay under pressure; eyes on fiscal measures to address coronavirus

On top of the virus-related demand concerns, oil markets are also contending with an imminent surge in supplies from Saudi Arabia and Russia as the two nations face off in a very public way

As crude plunges to $33 a barrel, India sees fall in petrol, diesel prices

Petrol prices in Delhi stood at Rs 70.59/litre, while Diesel prices were at Rs 63.26/litre

Gold, silver remain volatile hitting price ratio at lifetime high of 121

The gold to silver price ratio was trading above 121, a lifetime high, indicating extreme weakness in silver

Vegetable prices surge ahead of mandi closure despite surge in arrivals

Stockists rush to store for uninterrupted supply to retailers and consumers, with APMC remaining shut tomorrow for disinfection against coronavirus

Commodity prices extend declines amid market volatility led by silver

Base and precious metals fell on Multi Commodity Exchange (MCX) futures. The fall in metals was a little sharper on the London Metal Exchange (LME)

COVID-19 leaves room for more gold smuggling through luggage at airports

Virus has led to checking being shifted from baggage to passengers

Sebi proposes one commodity, one exchange model to make India price-setter

The regulator said exchange can be master in one instead of jack of all

Oil slumps below $30 as coronavirus spreads, OPEC rancor remains elevated

The coming flood of supply from Saudi Arabia and other producers could result in the largest surplus of crude in history, said global information provider IHS Markit

Gold, silver, crude prices plunge as trading catches coronavirus bug

Silver traded at its lowest in international markets since May 2009 and crude oil, metals did their worse since 2016.

Sharper cuts in fuel prices if oil cos forego supernormal profits: Report

The govt raised excise duty on both petrol and diesel by Rs 3 per litre