Oil prices increased on Friday as softer-than-expected U.S. inflation data raised expectations of more gradual Federal Reserve interest rate increases, but worries about slowing economic growth and a rise in COVID in China kept oil trade negative for the week. After U.S. equity markets rallied, crude markets followed suit. A series of swift interest rate…
In the current marketing year through August, the US Department of Agriculture (USDA) predicted a higher global production of oilseeds, but the prognosis of a 10.5 percent decline in sunflower seed in light of the Ukraine War may be cause for concern. According to the USDA, global production will total 645.61 million tonnes (mt), up…
Even though demand remained on the lower side due to the festival season, steel mills managed to maintain stable domestic prices in November. Mills are still having a difficult time in the export market due to a decrease in orders in important markets, even at $570 per tonne. Because of pressures from the global crisis…
On the strength of an increase in spending for the expansion of coal evacuation infrastructure, Coal India Ltd (CIL) reported a 33 percent increase in Capex at 7,027 crores for the first half of the current financial year compared to 5,300 crores in the same period last year. The two infrastructure components for coal evacuation,…
On the strength of robust demand from crushing operations, traders, and stockists, soyabean prices, which were in a bearish mode until October’s end, have now reversed the trend. The government’s recent decision to relax the restrictions on edible oils and oilseed stock limits by exempting large chain retailers and wholesalers from the stock control order…
As more farmers plan to plant the cereal in light of a bullish market, prices of wheat seeds have jumped by more than 10% this year. When compared to the previous year, wheat seeds are selling for over $3,500 per quintal. Breeder seeds purchased from universities cost about 7,000 rupees, according to Sunil Mukhati, a…
According to Sonjoy Mohanty, DirectorGeneral, Indian Sugar Mills Association, The sugar sector is hoping that the government will permit the export of an additional 30 lakh tonnes (lt) of sugar (ISMA). As a result, he continued, domestic prices would remain stable, cane growers will receive payments on time, and inventory levels will decrease. The central…
The Food Safety and Standards Authority of India (FSSAI) decided not to accept a proposal that has been in the works since 2017, which has derailed attempts to sell “blended Basmati rice” throughout the nation. According to S Chandrasekaran, a trade expert and the author of “Basmati Rice: The Natural History Geographical Indication, The FSSAI…
Wheat, rice, and mustard, three important rabi crops, continued to be sown early by farmers as their coverage increased as of Friday, according to data from the Ministry of Agriculture. In contrast, the area planted with coarse cereals, particularly maize, green gram (moong), and groundnut, lagged behind. The area planted with all rabi crops has…
As supply remains constrained and demand worries continue to exceed them, crude oil prices are rising. The MCX crude oil futures (continuous contract) and the Intercontinental Exchange (ICE) Brent crude futures both saw gains last week, closing at $98.62 and 7,556 per barrel, respectively. The risks are inclined to the upside. With the G7 agreeing…
