ABARE Estimates 20 percent Rise In Australian Grain Production In 2018/19

According to ABARES June quarter Agricultural Commodities Report, the value of Australian crop production is forecast to remain unchanged from 2018-19 at $ 30 billion, weighed down by lower prices compared to the high domestic grain prices 2018-19..ABARES predicts that, assuming adequate rainfall, Australias grain production will increase by 20 per cent to 36.4 million […]

Economic Buzz: RBA Suggests Further Monetary Easing More Likely

The policymakers of Reserve Bank of Australia suggested that it was more likely than not that a further easing in monetary policy would be appropriate in the period ahead. According to the minutes of the monetary policy meeting held on June 4, members said developments in the labor market would be particularly important, in assessing […]

Spot Market Update: Chana Plummets On Weak Pulses Demand

Poor demand of other pulses has eroded gains of chana market. The spot prices were trading in the range of Rs 4368 per quintal, down 1 percent with total arrivals of 30 motors. As per the latest release from Ministry of Agriculture, the total sown area of kharif pulses as on 14th June 2019 stood […]

Spot Market Update: Mustard seed Extends Losses On Fragile Demand

Poor oilmeal demand has eroded mustard seed prices in local mandies. As per the latest release of Solvent Extractors Association of India (SEA), the export of oilmeals during May 2019 provisionally reported at 58,549 tons compared to 263,644 tons in May, 2018 i.e. down by 78%. The overall export of oilmeals during April-May 2019, reported […]

Gold edges up by Rs 100, silver rises Rs 130

Gold prices rose by Rs 100 to Rs 33,720 per 10 gm at the bullion market in the national capital on Tuesday on the back of positive demand from local jewellers amid favourable trend overseas, according to the All India Sarafa Association. Similarly, silver prices increased by Rs 130 to Rs 38,220 per kg on […]

Economic Buzz: China House Prices Rise Slightly In May

Chinas house prices in the first-tier cities, namely Beijing, Shanghai, Shenzhen and Guangzhou, gained 0.3 percent on a monthly basis in May, but slower than the 0.6 percent increase posted in April, figures from the National Bureau of Statistics showed Tuesday. House prices in first-tier cities increased 4.7 percent year-on-year in May, the same rate […]

Gold rises as dollar weakens ahead of US Fed meeting

Gold prices rose on Tuesday, as the dollar retreated from multi-week highs ahead of the US Federal Reserve’s two-day monetary policy meeting. Spot gold gained 0.5 per cent to $ 1,345.81 per ounce as of 0643 GMT. US gold futures also climbed 0.5 per cent to $ 1,349.80 an ounce. “The overall sentiment in the […]