Thanks to a sufficient buffer and improved production prospects in Uttar Pradesh, Maharashtra, and Karnataka, there won’t be a shortage of sugar during the upcoming season (October to September), the India Sugar Mills Association (ISMA) declared on Wednesday. According to ISMA President Aditya Jhunjhunwala, there will be a carryover stock of 5.5 million tonne (MT)…
In August, India’s imports of crude oil decreased for the third consecutive month to 18.73 million tonne (MT) as a result of maintenance work being done at its refineries and a reduction in exports from Russia. For the third consecutive month in August, India’s imports from Russia decreased, reaching a seven-month low. In August, this…
The government has decided to extend the stock holding restrictions placed on the tur and urad varieties of pulses beyond October 31 as prices continue to remain high. The department of consumer affairs reports that on Wednesday, the modal retail price of tur increased by 45% to Rs 160/kg from the price at the start…
According to Ashima Goyal, a member of the RBI’s Monetary Policy Committee (MPC), the Indian economy has begun to perform well despite the unfavorable global environment since the Modi-led administration has carried out numerous reforms over the past nine years that have improved important macroeconomic indices. Goyal argued that it is foolish to extrapolate too…
The price of natural gas significantly increased by 4.54% to reach 237. This increase was linked to a decrease in daily gas output and an increase in gas flow to American LNG export terminals. According to data, gas production peaked in August at 102.2 billion cubic feet per day (bcfd) and then decreased in September…
Turmeric prices saw a small gain of 0.21%, closing at 15,622, spurred by increased purchasing activity associated with holiday demand. The shortage of turmeric on the market is made worse by Maharashtra’s declining turmeric production. Though supplies of turmeric are still scarce, upcoming beneficial rainfall in Maharashtra and Telangana is anticipated to boost crop growth….
JSW Infrastructure, the ports division of Sajjan Jindal’s JSW Group, has submitted bids for the purchase of three ports as part of the government’s privatization initiative totaling Rs.2,000 crore. The company’s capacity would increase by another 10–12% thanks to these ports. In a separate development, the second-largest commercial port operator in the nation based on…
After the completion of these projects, India will burn 292 million tonne (MT) more coal yearly, according to power minister RK Singh’s announcement that the country will add additional 25 to 30 gigawatts (GW) of thermal power to its existing 49 GW of coal-based plants. The typical plant load factor (PLF) in India is 65%-75%,…
The U.S. dollar lost ground on six-month highs reached last week, while gold prices rose to two-week highs on Tuesday as investors’ attention turned to the Federal Reserve’s two-day policy meeting, which gets underway later in the day. FUNDAMENTALS After reaching its highest price since September 5 earlier in the session, spot gold was stable…
Tuesday marked the fourth straight session of rising oil prices as concerns about a supply shortage brought on by Saudi Arabia’s and Russia’s prolonged production cuts increased in response to the U.S.’s lackluster shale output. While Brent crude prices, the international oil benchmark, increased by 58 cents, or 0.61%, to $95.01 per barrel, U.S. West…
