Early Asian trade on Thursday saw a sharp increase in oil prices, driven by signals of tighter supply and hope for a resurgence in Chinese demand. Brent oil prices were up 5 cents, or 0.06%, to $87.02 per barrel, while U.S. West Texas Intermediate crude futures were up 16 cents, or 0.2%, to $80.71. A…
The G7 price cap and EU penalties are drawing nearer, but S&P Global Commodity Insights reported on Tuesday that there are rising indications that the curb poses a “minimal threat” to Russian oil revenues because refiners in China, India, and Turkey are anticipated to take in more of the oil. S&P Global Commodity Insights reported…
Despite the Center’s restrictions on exports of non-basmati white rice and the imposition of a 20% export levy, Indian rice remains competitive on the international market. Although prices have increased by over $30 a tonne over the last two months, Indian cereal remains competitive.”The worldwide market for rice continues to be quite competitive for Indian…
The farmer in Madhya Pradesh harvested a soyabean crop from his 10 acres of land in this Kharif season that amounted to about 55 quintals. Nearly 20 quintals, at an average cost of Rs 5,400 each, have been sold by him thus far in the open market. Selling oilseeds earned him close to Rs 6,500…
Prices for groundnuts have risen to as much as Rs 2000 per 20 kg in some mandis in Gujarat due to processors and oil millers anticipating a smaller Kharif harvest of 2.5 million tonnes in the current season as opposed to over 3.5 million tonnes in the previous season. Farmers in Jamnagar district’s Hapa mandi…
In the months of April through October of this fiscal year, India’s imports of coking coal increased 6% year over year to 28 million tonnes (mt) from 26.5 mt the previous year. During the seven-month period, supplies from Russia increased by almost 100% to 1.1 mt, according to statistics from trade sources and the Ministry…
A dedicated 100-acre market area with top-notch infrastructure, banking, storage, processing, and packaging services all under one roof, alternatives for offline and online trading, legalization of field trade, and farmer ownership. These are a few of the intended characteristics of the private agriculture market that Sahyadri Farmer Producer Company is launching (FPC). The FPC has…
Indian refiners imported $720 million, or around 5,800 crores, worth of crude oil from Russia in the first two weeks of November, despite the G7 countries’ plans to control the price of Russian crude oil being unknown. From November 1 to November 15, the inbound shipment from Russia was the fourth-highest in the previous nine…
Gold rate was positive on Thursday as a result of positive global trends, while the silver rate was up 1.16%. The price of gold December futures on the Multi Commodity Exchange was up Rs 244 or 0.47% at Rs 52,695 for a ten-gram contract. Silver December futures were trading Rs. 715 higher at Rs. 62,345…
The Government stated that the stock positions of wheat and rice are at favorable levels on Wednesday. In April, the level will exceed the buffer stock ceilings. However, compared to last month, the wholesale cost of wheat and rice is somewhat higher this month. As of November 15, according to Union Food Secretary Sanjeev Chopra,…
