Sugar output to fall on lower monsoon rains

MUMBAI: India’s sugar production could fall by 18 per cent in 2019/20 as last year’s drought forced farmers to curtail their sugar cane plantings while lower monsoon rains this year are limiting the crop’s growth, a senior industry official said. The lower production could help India to reduced stockpiles that have risen because of two […]

Commodities Buzz: NCDEX Set To Launch Paddy Futures

National Commodity & Derivatives Exchange Ltd. (NCDEX), is set to launch Futures contract for Paddy (Basmati) – Pusa 1121 (PADYPB1121) on July 10, 2019. The exchange says that introduction of this new contract will facilitate an effective risk management tool to the market participants and also provide a fair price discovery platform for highly volatile […]

Crude oil futures fall 0.88% on global cues

New Delhi: Crude oil futures fell 0.88 per cent to Rs 3,943 per barrel Tuesday in line with weak trends in overseas markets. Crude oil contracts for July delivery traded lower by Rs 35, or 0.88 per cent, at Rs 3,943 per barrel with a business volume of 21,587 lots on Multi Commodity Exchange (MCX). […]

Gold slips to one-week low on dollar rally, focus on Fed

Gold eased to a one-week low on Tuesday, consolidating below $ 1,400 as the dollar rallied on expectations of a less dovish US Federal Reserve ahead of testimony from the chairman of the central bank. Spot gold was 0.5 per cent lower at $ 1,387.80 per ounce at 1026 GMT, having earlier touched $ 1,386.11, […]

Base Metals: Zinc, nickel, lead futures soften on muted demand

New Delhi: Zinc futures traded 0.26 per cent lower at Rs 191.40 per kg on Tuesday as speculators trimmed positions amid subdued demand at the spot market. On Multi Commodity Exchange, zinc contracts for July delivery fell by 50 paisa, or 0.26 per cent, to Rs 191.40 per kg, clocking a business turnover of 6,642 […]