Godrej Agrovet intends to build a ₹250cr palm oil facility in Telangana

Godrej Agrovet is investing 250 crores in the construction of an oil palm processing complex in Telangana. The factory, which is being built in the Khammam district, would initially have a 30-tonne-per-hour capacity. A government statement issued here on Thursday stated that “the capacity can be quadrupled in a subsequent phase.” Godrej Agrovet Ltd.’s managing…

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Copper is encouraged by China’s reopening as gold trades flat ahead of payrolls data

As markets anticipated critical data on U.S. nonfarm payrolls on Friday, gold prices held near seven-month highs, while copper prices reversed weekly losses due to the relaxation of additional anti-COVID measures in major importer China. After a series of abrupt rate hikes by the Federal Reserve in 2022, it is anticipated that U.S. nonfarm payrolls…

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