As per the latest update from United States Department of Agriculture (usda), the global rice production for 2018/19 is raised 0.4 million tons to 491.1 million led by a 1.0- million-ton increase for Nigeria, which is based on updated government statistics for multiple years. The Nepal crop is raised 0.2 million tons. Partly offsetting is […]

NEW DELHI: Gold and silver prices plunged in domestic futures market on Wednesday on slump in demand of the bullion by local jewellers. The MCX Gold was trading at Rs 31,815 per 10 grams, down by Rs 120, while MCX Silver was trading Rs 52 lower at Rs 38,279 a kilo around 10:30 am. Gold […]

The Indian rupee eased further against the dollar in early trades on Wednesday, 12 December 2018 after the appointment of former bureaucrat Shaktikanta Das as the new governor of the Reserve Bank of India. He was named the new governor of the Reserve Bank of India after Urjit Patel abruptly resigned amid a face-off with […]

Japan producer prices were down 0.3 percent on month in November, the Bank of Japan said on Wednesday, following the 0.4 percent increase in October. On a yearly basis, producer prices climbed 2.3 percent, down from 3.0 percent in the previous month. Export prices were down 0.1 percent on month and up 0.5 percent on […]

BENGALURU: Gold prices were steady early on Wednesday, supported by expectations of fewer rate hikes by the U.S. Federal Reserve next year, while palladium traded at a premium to gold. FUNDAMENTALS Spot gold inched up 0.1 per cent to $ 1,244.40 per ounce, as of 0115 GMT. U.S. gold futures rose 0.2 per cent to […]

As per the latest update from United States Department of Agriculture (USDA), the global 2018/19 oilseed production is forecast up 0.9 million tons to 600.5 million, with greater soybean production for Brazil and Nigeria. Brazils soybean production is projected up 1.5 million tons to 122.0 million, reflecting higher yields in the Center-West region where crops […]

Gold eased from near five month top amid a recovery in US stocks. The US dollar has been mildly supported after the latest US jobs data but the undertone has been cautious. COMEX Gold currently trades at $ 1251 per ounce, up marginally on the day. MCX Gold futures ended at Rs 32040 per 10 […]

WTI Crude oil futures stayed in a choppy range in Asia today after witnessing a corrrection yesterday. The commodity fell under $ 52 per barrel amid weak economic data though a recovery in US stocks following the pounding on Friday supported the sentiments somewhat. The commodity currently trades at $ 51.16 per barrel, up marginally […]

The Indian rupee extended its steep decline against the dollar in early trades on Tuesday, 11 December, as sentiment took a major hit after Urjit Patel resigned as the 24th Governor of Reserve Bank of India (RBI), with immediate effect. Besides, massive sell-offs in domestic equities as investors panicked over exit polls suggesting the Congress […]

SINGAPORE: Oil prices remained on shaky ground on Tuesday after sliding by 3 per cent the previous day, pressured by weakness in global stock markets and doubts that planned supply cuts led by producer club OPEC will be enough to rein in oversupply. US West Texas Intermediate (WTI) crude futures were at $ 51 per […]