In a government-to-government agreement, Bangladesh has given Indian co-operatives almost $40 per tonne more than what the private commerce had bid in a global import tender for 2.5 lakh tonnes of parboiled rice. Two tranches of the import agreement will be made through NCCF (National Co-operative Consumers Federation) and Kendriya Bhandar, with Dhaka receiving rice…
As traders awaited economic data due later in the day to determine the US Federal Reserve’s attitude on rate hikes, gold was trading flat in India’s market and other Asian markets on December 23 morning. The price of gold was Rs 54,530 for 10 grams, up 0.02 percent on the Multi Commodity Exchange (MCX). A…
On Thursday, December 22, 2022, data available on NSE shows that domestic institutional investors (DII) bought shares worth a net Rs 2206.59 crore while foreign institutional investors (FII) bought shares worth a net Rs 928.63 crore. FII sold shares worth a net of Rs 7,762.69 crore for the month of December up until December 22,…
In response to rising domestic and international demand, the price of the common spice cumin (jeera) has increased significantly by at least ‘300 per 20 kg in the past week. The commodity’s price increased from 4,800 to 5,100 to 5,100 to 5,500 in just the past week. According to market experts, this bull run is…
As a cold front approaches the United States and traffic is expected to spike throughout the holiday season, U.S. crude, heating oil, and jet fuel stockpiles were considered as tight on Thursday, driving up oil prices for a fourth straight day. At 01:45 GMT, Brent crude futures increased by 27 cents, or 0.3%, to $82.47…
On Thursday, the Indian Rupee is most likely to weaken due to an increase in the price of crude oil. After data revealed a larger-than-anticipated drop in US crude stockpiles, oil prices surged. A significant decline in the local currency may be avoided, though, due to the dollar’s weakness and the upbeat outlook for the…
On Wednesday, copper prices stayed around $8,350 a tonne as expectations that China’s relaxation of Covid-19 limits will eventually boost demand were countered by an increase in infections that are short-terming consumption.Due to its rigorous zero-Covid policy, which hampered economic growth and caused copper prices to drop as low as $6,955 in July after reaching…
Farmer payments totaling 82% of the fair and remunerative price (FRP) have been made by the 189 sugar mills currently processing sugarcane through September 2023. By December 19, these mills had crushed 236.69 lakh tonnes (lt) of sugarcane, according to information provided by the Maharashtra Sugar Commissioner office, and they still owed FRP of $7,407.20…
All eyes are on Odisha and Madhya Pradesh, who combined contributed over 13% to the Central Pool last year, to make up for the deficit in Uttar Pradesh and Punjab, as overall rice procurement has increased by 11% so far this season. As the procurement in the State is projected to be on par with…
