March 20, 2024 02:08 PM ISTAccording to Geojit, The area under summer crops in Maharashtra rose 10% on year to 278,687 ha as of Monday, according to data published by the state agriculture department.
March 20, 2024 07:32 AM IST Brent crude futures for May delivery fell 19 cents, or 0.2%, to $87.19 a barrel by 0104 GMT. U.S. West Texas Intermediate futures for April delivery, which expire on Wednesday's settlement, fell 35 cents, or 0.4%, to $83.12 a barrel.
March 19, 2024 10:01 AM IST According to Geojit, India's non-basmati rice exports plunged 29% on year to $3.68 bln in Apr-Jan, accounting for over 18% of the total exports of agricultural products, according to data collated by the Agricultural and Processed Food Products Export Development Authority.
March 19, 2024 10:02 AM IST The Brent crude oil futures contract for May delivery slipped 16 cents to $86.73 a barrel as at 0300 GMT, whereas that for U.S. West Texas Intermediate (WTI) fell 13 cents to $82.03. The WTI April contract, with expires tomorrow, fell 16 cents to $82.56.
March 18, 2024 03:33 PM IST According to Geojit, The area under rabi crops in Telangana was at 6.6 mln acres (1 acre = 0.40 ha) as of Wednesday, 9% lower than 7.3 mln acres a year ago, according to data from the state government.
March 18, 2024 01:30 PM IST India opens its first oil palm processing unit in Arunachal Pradesh. This achievement follows the launch of the National Mission for Edible Oils - Palm Oil in August 2021, aiming to produce 11.20 lakh tons of palm oil by 2025-26. With India importing 57% of its total edible oil needs, this initiative marks a significant step towards self-sufficiency. Despite global palm oil prices hitting a one-year high, India's palm oil imports in February saw a notable decline of 36%, the lowest since May 2023, showcasing progress towards domestic production and reduced dependency on imports. Catch Commodities Corner with Manisha Gupta and Atul Chaturvedi, Chairman of Asia Palm oil Alliance.
March 18, 2024 09:01 AM IST Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) crude was up 10 cents to $81.14.
March 18, 2024 12:09 AM IST Chinese economic data and flash Manufacturing PMIs from developed economies will keep traders on their toes.
March 15, 2024 10:50 AM IST Spot gold was up 0.1% at $2,163.92 per ounce, as of 0338 GMT, but on track to post a weekly fall of more than 0.6%, its first since mid-February.
March 15, 2024 10:05 AM IST According to Geojit, The Food Corporation of India is yet to start wheat procurement as the arrivals of the crop have been hit by the recent rains, which delayed the harvest, the Hindu Businessline reported today.
March 15, 2024 06:49 AM IST Brent crude oil futures for May fell 41 cents, or 0.5%, to $85.01 a barrel at 1234 GMT, after crossing $85 a barrel for the first time since November on Thursday. U.S. West Texas Intermediate (WTI) crude for April fell 32 cents, or 0.4%, to $80.94.
March 14, 2024 01:35 PM IST The ongoing memecoin frenzy in the digital asset market continues unabated, as trading volumes now rival those observed just before the burst of the previous crypto bubble over two years ago. Memecoins like Dogwifhat and Pepe, renowned for their speculative and volatile nature, are surpassing the gains of Bitcoin, a dominant figure in the headlines. According to data from blockchain data firm Kaiko, trading volumes for leading memecoins, often priced at a fraction of a cent, surged to nearly $80 billion in the past week alone, marking the highest levels since October 2021. Watch Manisha Gupta with more details
March 14, 2024 11:53 AM IST According to Geojit, India's vegetable oil imports fell 12% on year to 974,852 tn in February from 1.1 mln tn last year, The Solvent Extractors' Association of India said today.
March 13, 2024 02:03 PM IST Catch Manisha Gupta in conversation with Prafful Vithlani , President All India Sugar Trade Association (AISTA) for more details
March 13, 2024 09:59 AM IST According to Geojit, The US Department of Agriculture has cut its monthly estimate for global oilseed output for 2023-24 (May-Apr) to 658.68 mln tn from 659.40 mln tn forecast in February.
March 13, 2024 09:59 AM IST Brent futures for May delivery were up 36 cents, or 0.44%, at $82.28 a barrel by 0020 GMT. The April U.S. West Texas Intermediate (WTI) crude contract rose 38 cents, or 0.49%, to $77.94.
March 12, 2024 01:19 PM IST Catch Manisha Gupta in conversation with Vikram Dhawan, Head of Commodities & Fund Manager at Nippon India Mutual Fund for more details
March 12, 2024 02:19 PM IST According to Geojit, The US Department of Agriculture has cut its monthly estimate for global oilseed output for 2023-24 (May-Apr) to 658.68 mln tn from 659.40 mln tn forecast in February.
March 12, 2024 11:10 AM IST Brent futures for May delivery rose 23 cents to $82.44 a barrel by 0221 GMT. The U.S. crude April contract rose 17 cents to end at $78.10 a barrel.
March 11, 2024 01:09 PM IST Gold surged to record high this week in MCX as weak US economic data and US regional banking jitters have given bulls the boost needed to break out from the last 2 months consolidation. The breakout has been spectacular and has baffled many traders with the ferocity of the move. Gold hits record high at near $2200 an oz India Gold hits all time high above Rs 66,000/10gms .Biggest weekly percentage rise since Mid October .Prices +4% over week, +8% on month. Traders see near 70% chance of 25bps rate cut. Catch Manisha Gupta with more details
March 11, 2024 12:49 PM IST Spot gold was steady at $2,178.44 per ounce, as of 0339 GMT. U.S. gold futures were flat at $2,185.30.
March 11, 2024 01:02 PM IST According to Geojit, The area under rabi crops in Andhra Pradesh stood at over 1.67 mln ha as of Wednesday, down 10% from a year ago, according to state government data.
March 11, 2024 12:49 PM IST Brent futures fell 48 cents, or 0.6%, to $81.60 a barrel at 0129 GMT, while U.S. West Texas Intermediate (WTI) dropped 50 cents, or 0.6%, to $77.51.
March 10, 2024 04:46 PM IST In the coming week, the spotlight will be on US inflation numbers. A continuation of the disinflationary trend may add to rate cut bets, boosting gold prices to new highs. Conversely, a hotter-than-expected figure may lead market participants to factor in fewer rate cuts for the year.
March 08, 2024 07:20 AM IST Brent crude futures were up 0.45%, or 37 cents, at $83.32 a barrel at 0110 GMT. U.S. West Texas Intermediate crude futures rose 0.61%, or 48 cents, to $79.44.
