The API stated Wednesday that U.S. oil stockpiles decreased for a second consecutive week, just as many people were beginning to worry about the demand picture due to an increase in COVID-19 cases in China. Following the release of the data, West Texas Intermediate, the U.S. benchmark, traded at $78.78 per barrel after closing down…
The future for cardamom in 2023 appears to be gloomy given reports of farmers giving up on the spice harvest in Idukki’s primary growing districts due to falling pricing. With prices falling to the 800–850 per kg level, there is an accumulation of stocks in the consumption centers, which results in a subdued local demand….
Early on Wednesday, the price of gold remained steady, with ten kilos of 24-carat gold trading at Rs 54,480. On the other side, silver prices increased by Rs 1,200, bringing the price of the precious metal to Rs 72,300 per kg. 10 grammes of 22- and 24-carat gold are selling for Rs. 49,950 and Rs….
In addition to choosing the traditional safety-first approach when importing two lakh tonnes (lt) of parboiled rice from India, Bangladesh appears to have more faith in Indian cooperatives. The Directorate of Food in Bangladesh’s External Procurement division last week sent letters of intent (LOI) to NCCF (National Cooperative Consumers Federation of India Ltd) and Kendriya…
Telangana and Andhra Pradesh have seen a sharp decline in cotton arrivals. When compared to the same day last year, when arrivals were 3.61 lakh quintals, this year’s arrivals at Warangal market yard have decreased by nearly 45% to 1.98 lakh quintals. Farmers have attributed the poor yields this year to excessive rains at the…
The 67,363.62 tonnes of wheat that the Haryana State Cooperative Supply and Marketing Federation (HAFED) commercially purchased from Haryana and Madhya Pradesh during the previous harvesting season (April–June) are now up for sale. It will this time be offered for sale online. The NCDEX e Markets (‘NeML’), Star Agribazaar Technology (‘Agribazaar’), and E Tech Innovative…
On Monday, December 26, 2022, data available on NSE shows that foreign institutional investors (FII) sold shares worth a net Rs 497.65 crore while domestic institutional investors (DII) bought shares worth a net Rs 1285.74 crore. FII sold shares worth a net of Rs 8,967.18 crore for the month of December up to that point,…
Tuesday’s opening rate for the Indian rupee was slightly lower than the previous day’s close of 82.65 to the dollar. Due to a rise in risk appetite on international markets and the depreciation of the dollar, the local currency is anticipated to increase in value. Market confidence increased on expectations of more gradual Fed rate…
On the strength of improving global cues and firming up of international pricing, Indian steel mills are considering price increases in January. Domestic orders, though, are still on the low side. First indications point to price increases of $500 per tonne for flat-coated products, which have been hardest hurt by growing imports and price variations….
Amid rising crude oil prices and ongoing capital outflows from abroad, the rupee started the session Monday on a flat note against the U.S. dollar. The rupee depreciated 1 paisa from the previous close to trade at 82.83 at the interbank foreign exchange from its opening price of 82.79. The rupee lost 3 paisas against…
