Economic Buzz: Eurozone Industrial Production Rebounds In May

Eurozone industrial production grew 0.9 percent month-on-month in May after declining 0.4 percent in April, largely driven by consumer goods output, figures from Eurostat revealed Friday. This was the first increase in four months. Production was forecast to grow 0.2 percent. Durable and non-durable consumer goods output advanced 2.3 percent and 2.7 percent, respectively. Output […]

Economic Buzz: China Exports Decline In June

Chinas exports decreased in June after the US administration raised tariffs on $ 200 billion of Chinese goods, data from the General Administration of Customs revealed on Friday. Exports fell 1.3 percent on a yearly basis in June. At the same time, imports slid 7.3 percent annually versus the expected fall of 4.6 percent in […]

Cotton futures price may rally up to Rs 24,500 level

Cotton prices in the domestic market have risen sharply on the MCX in the last few days. Here is how you trade in the commodity over the next few months? Delay in the onset of monsoon has decreased sowing of cotton seeds, says Ajay Kedia, MD of Kedia Commodity. The poor sowing and huge drop […]

Oil prices climb on tropical storm and geopolitical tensions

LONDON: Oil prices hovered near six-week highs on Friday and was on track for a weekly gain as US oil producers in the Gulf of Mexico cut more than half their output because of a tropical storm and as tensions continued to simmer in the Middle East. However, an International Energy Agency (IEA) forecast for […]

Spot Market Update: Soybeans Jump Near One Month High

Spot Soybeans soared near one month high today. Soybean continues to see decent buying today. Prices have been witnessing some buying at lower level following a poor start to the kharif sowing. Gains were limited though as traders are concerned about weak Soymeal import inquiries. The commodity currently trades at Rs 3635 per quintal in […]

Mentha oil prices slip on muted spot demand

NEW DELHI: Mentha oil slipped in futures trade on Friday amid muted demand by consuming industries at spot markets. Speculators trimmed their bets amid lower demand from consuming industries and higher supplies from key producing regions. Around 11:15 am, MCX Mentha oil was at Rs 1,183.20 per kg, down by Rs 3, or 0.25 per […]

Premium brew Darjeeling tea falls 28% YoY

Kolkata: Prices of premium second-flush Darjeeling teas have plummeted by 28 per cent year on year as Japanese tea bag manufacturers have stayed away from Darjeeling tea. Also, less demand from Germany has also impacted prices of the premium brew. The second-flush tea, which is a revenue earner for the Darjeeling tea industry, has been […]