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Agri Buzz: Union Minister of State for Agriculture Suggests Launching Separate Mission To Reduce Import Of Edible Oils

Inaugurating the National Conference on Agriculture for Rabi Campaign 2019 on 20th September 2019, Union Minister of State for Agriculture & Farmers Welfare, Parshottam Rupala highlighted the record production achieved for food grains (285 million tonnes) and also complimented state governments for effective implementation of Centrally Sponsored Schemes. He said that this cooperation has made […]

Oil gains on Saudi supply disruption, Mideast tensions

SINGAPORE: Oil prices rose to their highest in two sessions on Monday amid concerns about oil supply disruptions from Saudi Arabia and elevated tensions in Middle East. Brent crude futures increased to as much as $ 65.50 a barrel. The front-month contract was at $ 64.84, up 57 cents, or 0.9% at 0224 GMT. U.S. […]

Gold prices edge lower; palladium scales record high

Gold prices inched lower on Monday, as equities gained after the US Trade Representative described last week’s Sino-US trade talks as “productive.” FUNDAMENTALS Spot gold was down 0.3 per cent at $ 1,512.91 per ounce, as of 0116 GMT. Prices had climbed to a more than one-week high of $ 1,516.81 in the previous session. […]

Indian Rupee: Rebounds To Near Six-Week High

The Indian rupee staged a strong rebound against the dollar in early trades on Friday, 20 September 2019 tracking some gains in the local as well as international equity markets. Slight weakness in the dollar index also supported the local unit to hit a high in nearly six weeks, its strongest level since Aug 9. […]

View: World’s oil security blanket has been torched

By Julian Lee The real impact of the attack on Saudi oil installations last weekend goes well beyond the temporary loss of 5% of global oil production: It strikes at the heart of the mechanism that’s guaranteed the security of the world’s crude supply for most of the past 50 years. Ever since the western […]

MCX Gold In Red As INR Sharpens

MCX Gold futures slipped today as a firm undertone in Indian Rupee weighed on the mood even as the global prices stayed steady. COMEX Gold managed to extend upmove after breaking above $ 1500 per ounce. Global economy has become increasingly fragile and uncertain, with growth slowing and downside risks continuing to mount, according to […]

Cotton takes support at MSP as arrivals pick up

Chandigarh: Cotton spot rates are hovering around the minimum support price for the commodity, down 8-10% from a year ago primarily on build-up of stock due to sluggish exports and fresh crop arrival in Punjab, Haryana and Rajasthan. Cotton prices are not expected to spike from current levels. According to traders, the domestic cotton market […]