|The Financial ExpressCommodities – The Financial Express|
|Petrol, diesel prices haven’t increased for 31 days now; petrol selling at Rs 75.50 in Chennai today|
Petrol, diesel prices today: After remaining unchanged yesterday, petrol and diesel prices have been once again cut by oil marketing companies (OMCs) on Friday on account of fall in crude oil rates globally.
|Crude oil prices stable on expected OPEC cuts, but surging US supply drags|
Crude inventories <C-STK-T-EIA> soared 10.3 million barrels in the week to Nov. 9 to 442.1 million barrels, the highest level since early December 2017.
|Tur and chana farmers in Maharashtra to get Rs 480-crore grant|
The government has decided to give an endowment of `1,000 per quintal. Farmers shall receive grants for a maximum of 2 hectares.
|Gold hallmarking likely to become mandatory soon; here’s why government thinks it’s necessary|
Hallmarking of gold, currently voluntary in nature, is likely to become mandatory for jewellery sold in the market, Food and Consumers Affairs Minister Ram Vilas Paswan said Thursday.
|Petrol, diesel prices remain unchanged today, petrol selling at Rs 78.05 in Bengaluru; how to check rates|
Petrol, diesel prices today: After days of continuous cut, the oil marketing companies (OMCs) kept the prices of petrol and diesel unchanged on Wednesday.
|Oil prices tumble as traders look beyond Iran|
Oil prices have fallen sharply since passing a cyclical peak at the start of October, amid surging production and mounting concerns about the state of the global economy and the outlook for consumption growth in 2019.
|Crude oil falls as Donald Trump raps OPEC’s supply cut plan, global markets skid|
The fall came amid a broad market selloff in Asia and before that on Wall Street, while the U.S.-dollar hit a 16-month high on Tuesday, making oil imports more expensive for any country using other currencies at home.
|Saudi Arabia minister calls for 1 million barrels per day global oil output cut|
Oil producing countries should cut output by one million barrels per day to re-balance the market, Saudi Arabia's energy minister said Monday, following a drop in crude prices.
|Abu Dhabi summit: Oil production cuts may be necessary|
Major oil producers on hand for a summit in Abu Dhabi acknowledge that production cuts of up to 1 million barrels a day may be necessary.
|Petrol prices slashed by Rs 5.50 in less than a month in Chennai; check latest rates in metros|
Petrol prices have been on a downward trend in the recent times, with the overall price cut exceeding Rs 5.50 in Chennai in less than a month.
|Crude oil prices rise by 1% after Saudi Arabia announces December supply cut|
Saudi Arabia plans to reduce oil supply to world markets by 0.5 million barrels per day in December, its energy minister said on Sunday.
|Low oil price, weak Chinese yuan to keep rupee in range next week|
Gains from a low oil price would likely be offset by a weak Chinese yuan, restricting the Indian rupee in a range of 72.30-73.20 per US dollar next week, experts said on Sunday.
|Crude Prices: OPEC may be in for a shock in 2019|
The deal reached with several non-OPEC countries in 2016 to cut oil supply and drain excess inventories was meant to last just six months.
|Fuel prices continue to fall as global crude rates ease|
According to the Indian Oil Corp data, petrol was priced at Rs 77.89 per litre in the national capital on Saturday, 17 paise lower from Friday.
|Gold loses sheen: Yellow metal falls from 6 year high on weak global cues, end of festive demand|
Breaking its six-straight weeks of gains, gold slipped from near six-year highs with prices falling by Rs 580 to end at Rs 32,070 per 10 grams at the bullion market during the week owing to fall in demand from jewellers and retailers amid a weak trend overseas.
|Why Anand Mahindra says crude oil has received ‘knockout punch’ in ‘boxing match’ and India should cheer it|
Just as crude prices fell Friday for a 10th consecutive session, posting longest losing streak in three decades, industrialist Anand Mahindra said he experienced like watching a boxing match in which oil has received a knockout punch much to the delight of the Indian economy.
|Petrol, diesel prices not hiked for 26th straight day, petrol at Rs 80.90 in Chennai; check rates in your city|
Petrol, diesel prices today: The oil marketing companies (OMCs) cut the prices of petrol and diesel for 20th day in a row on Saturday.
|Gold loses sheen: Yellow metal prices fall to Rs 32,250 on weak demand|
Amid weak demand, the gold prices on Friday fell to Rs 32,250 per 10 grams, down by Rs 150, in the third straight session loss for precious metal.
|Brent crude falls below $70 a barrel for the first time in seven months|
Benchmark Brent crude oil fell below $70 a barrel for the first time since early April, down more than 18 percent since reaching four-year highs at the beginning of October.
|LPG price hiked by over Rs 2 after rise in dealers’ commission|
This is the second increase in rates this month, the earlier one being on November 1, when prices went up by Rs 2.94 per cylinder because of tax component on base price.
|Surat Diamond Bourse: See pics how world’s largest diamond trade complex will look|
Surat Diamond Bourse (SDB), the world’s largest single complex spread over an area of 66 lakh square feet, will be ready by 2020.
|India oil demand to recover in 2019: Fitch Solutions|
Indian oil demand, which faced substantial pressures in 2018 because of rising rates and a weakened rupee, is set for recovery next year, Fitch Solutions Macro Research said in a note Thursday.
|Gold glitters in October! Here’s why ETFs loaded on gold for first time in four months|
After months of declines, gold-backed ETFs registered increased inflows to both North American and European funds during October, a recent WGC report said.
|Petrol, diesel price cut continues, petrol rates down 21 paise in Delhi; how to check prices in your city|
Petrol, diesel prices today: The oil marketing companies (OMCs) once again decreased the prices of petrol and diesel on Thursday amid softening global crude oil prices.
|Petrol, diesel prices stay unchanged on Diwali|
Following five consecutive days of cuts, state-run oil marketing companies kept prices of key domestic transport fuels -- petrol and diesel -- unchanged on Wednesday, on the festival of Diwali.
|Oil set for longest losing run since 2014 as supply fears ease|
Crude’s poised for the longest losing streak since 2014 as concerns of a supply crunch eased on a forecast for rising U.S. production and waivers for eight countries allowing temporary import of Iranian oil.
|Gold loses sheen, down Rs 80 on weak trend overseas|
Gold prices fell by Rs 80 to Rs 32,610 per 10 grams at the bullion market Tuesday due to easing demand from local jewellers as well as retailers amid weak trend overseas.
|Petrol, diesel prices cut once again ahead of Diwali; how to check revised rates in your city|
Petrol, diesel prices today: The oil marketing companies (OMCs) on Tuesday, a day ahead of Diwali, once again cut the petrol and prices across the country.
|Crude oil slips on worries that economic slowdown could weigh on fuel demand|
Oil prices slipped on Tuesday as concerns that an economic slowdown may curb fuel demand growth overshadowed the reintroduction of sanctions on Iran.
|Gold prices steady, eyes on U.S. midterm elections|
The UN Food and Agriculture Organization has launched a recovery programme to help more than 70,000 Indonesian farmers and fishers grow food and fish again following a series of disasters that just over a month ago devastated their lives, the FAO said.
|CAI slashes cotton output projection to 343.25 lakh bales|
According to CAI president Atul Ganatara, the CAI revised the crop estimate downwards for Gujarat by 2 lakh bales, Maharashtra by 1 lakh bales, Karnataka by 1 lakh bales and Odisha by 75,000 bales.
|Govt approves norms for Operation Greens|
The programme was announced in the Union Budget 2018-19 with an outlay of `500 crore to stabilise the supply and prices of tomato, onion and potato (TOP) crops.
|Buyers of commodities demand good quality products: Sushim Banerjee|
In order to frame standards and codes in various commodities and thereby specify the chemical and mechanical properties of the item when used individually or in combination with other commodities, the Bureau of Indian Standards (BIS) was created.
|Gold glitters on Dhanteras; sales jump 15% despite high prices|
Even organised players like P C Jewellers and Kalyan Jewellers are expected to have seen better sales as quality and better designs at competitive prices attracted more footfalls.
|Here’s why you should NOT buy gold this Dhanteras|
Gold prices have risen past the Rs 32,000 per 10-gram mark since the last week of October, while jewellery demand remained muted even with the ongoing festive season.
|Dhanteras 2018: Six things to know before purchasing a gold coin|
Gold coin price: Given a huge number of rip-offs in the market, it is ideal to be extremely cautious while making this purchase. An informed choice can only happen if you know your gold, and if you don’t this article is for you.
|Petrol prices cut by 22 paise in Delhi today; total cut reaches over Rs 4 in 19 days|
Petrol, diesel prices today: Continuing the price cut, the oil marketing companies (OMCs) on Monday once again slashed the petrol and diesel prices in the last 19 days on softer international rates.
|Gold prices hold steady amid easing dollar|
Gold prices were steady in early Asian trade on Monday as the dollar eased, while investors are tuned in to the US congressional elections on Tuesday.
|Oil prices fall as US grants Iran sanction waivers to 8 importers|
Oil prices fell on Monday as the start to U.S. sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.
|Huge relief for commuters! Petrol price cut by Rs 4.05 in less than three weeks|
Petrol price has been cut by over Rs 4 per litre and diesel by Rs 2.33 in the last 18 days on softer international rates, a pace faster than the spike in prices witnessed in the two-month period beginning mid-August.
|US considering ‘significant reduction exceptions’ for nations to cut oil purchase from Iran|
The US is considering "significant reduction exceptions" on a "case-by-case basis" for countries to bring down their oil purchase from Iran to zero ahead of the November 4 deadline set by the Trump administration, the State Department has said, amid reports that India may get a waiver.
|Gold prices break 3-day rising spell, fall Rs 150 on weak global cues, fading demand|
Breaking its three-day rising spell, gold price dropped to Rs 32,630 per 10 grams, losing Rs 150 amid weak global cues and muted demand from the local jewellers.
|Petrol, diesel prices cut further ahead of Diwali; check revised rates in Delhi, Mumbai|
Petrol, diesel prices today: The oil marketing companies (OMCs) on Friday cut petrol and diesel prices providing further relief to the customers.
|Crude oil under pressure from rising output, but Iran sanctions loom|
Oil prices dipped on Friday as record crude output by the world's top-three producers offset supply concerns from the start of U.S. sanctions next week against Iran's petroleum exports.
|Oil prices fall on signs of rising supply, economy worries|
Oil prices fell on Thursday to extend losses from the previous session, pressured by signs of rising supply and by growing concerns that demand may weaken on the prospect of a global economic slowdown.
|Gold demand in India up 10% in September quarter, but festive outlook muted due to this reason|
In the September quarter, gold demand increased by 14% to Rs 50,090 crore, compared with Rs 43,800 crore in the same quarter last year, in terms of value, according to the Q3 Gold Demand Trends' report of WGC.
|Petrol price today: Petrol prices now below Rs 85 in Mumbai; check latest rates for all metros|
Petrol price today: Petrol prices continued their downward trend on Thursday, and are now down to under Rs 85 in Mumbai. Petrol prices were slashed by 16 paise in Mumbai to Rs 84.86.
|Oil prices fall on signs of rising global supply|
The Brent crude December futures contract, which expired Wednesday, fell 44 cents to settle at $75.47 a barrel. The more-active January contract fell 91 cents to settle at $75.04 a barrel.
|Cane price: Maharashtra mills not to crush after demand for higher installment|
Following this decision, 70-80 mills in Kolhapur, Sangli, Satara and Karnataka have not started crushing operations. Some of the mills that had commenced crushing have also decided to stop, industry sources said.
|Tamil Nadu begins export of long-shelf, high-quality bananas to Europe|
Tamil Nadu has started the export of long-shelf, high-quality bananas to Europe. Developed with an Italian technology, the first batch of the ‘Grand Naine’ range of bananas will be exported to Italy and subsequently to other countries in Europe.
|Oil prices fall as global supply rises|
Oil prices fell for a third day on Wednesday on evidence of rising global supply despite the imposition of U.S. sanctions next week that are already curbing Iranian crude supply.
|Gold shines! As Diwali nears, yellow metal hits 6 year high of Rs 32,650|
Amid surging demand around Diwali, gold prices jumped for the second straight day on Wednesday, touching nearly six-year high of Rs 32,650 per 10 gram, up by Rs 30.
|With Donald Trump’s Iran hammer about to fall, who may seek a waiver?|
India is the second-biggest importer of Iranian oil is cutting back –- while signaling that it won’t shut down the trade completely. And India isn’t just buying crude from Iran. It’s also preparing to buy missile defenses from Russia, another sanctionable offense in Washington’s eyes.
|Petrol prices slashed by over Rs 3 in Delhi, Mumbai in last two weeks; check latest prices for all metros|
Fuel prices have been on a decline in recent times, oil marketing firms slashing petrol prices by over Rs 3 in national capital Delhi in the last two weeks alone.
|Recovery in natural rubber prices unlikely in 2019 due to demand-supply fundamental|
Demand-supply fundamental along with other factors do not favour a recovery in natural rubber (NR) prices during 2019, Jom Jacob, senior economist of Association of Natural Rubber Producing Countries (ANRPC) said here on Tuesday.
|Coal fetches 102% premium in e-auction, surpassing the earlier highest of 95%|
This price discovery is owing to the demand-supply mismatch, although coal production has achieved a double digit growth during the first six months of the fiscal.
|Goldman says ‘fear’ is back as gold gains on recession angst|
Goldman Sachs Group Inc. says that “fear” has made a comeback and gold is benefiting as stocks slide and investors fret more about the possibility that the U.S. economy may tumble back into recession.
|BPCL to shut crude unit, secondary capacity at Kochi refinery in December|
India's state-run Bharat Petroleum Corp will shut a 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for about three weeks from early December for maintenance, its head of refineries said.
|US to become key source of global energy supplies, says government official|
The United States will become a key source of energy supplies to meet growing demand globally as innovation in technology and financing are expected to boost U.S. oil and gas production in the next decade.
|Petrol, diesel prices today cut for 13th day in a row; petrol at Rs 79.55 a litre in Delhi|
Petrol, diesel prices today: The oil marketing companies (OMCs) cut the petrol and diesel prices for the 13th straight day on Tuesday amid softening global crude prices.
|Brent crude prices fall on rising supply, global market woes|
Brent oil prices fell on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.
|Ordinance Push: Maharashtra deregulates all agri-produce from APMC Act|
The Maharashtra government has promulgated an ordinance deregulating all agricultural produce from the APMC Act.
|18 Maharashtra factories start cane crushing|
Around 18 sugar factories in Maharashtra have commenced crushing for 2018-19 season, crushing some 3.5 lakh to 4 lakh tonnes of cane.
|Gujarat APMCs to go on strike from November 1|
Saurashtra APMC Vepari Association has asked Gujarat chief minister and agricultural minister to implement the AASHA Umbrella scheme in the state. The farm body is awaiting reply from the government.
|Domestic market steel absorption capabilities brighter than earlier|
HRC price in the domestic market of USA which was ruling at $ 716/t in March’17 (the month of duty imposition) is now available at $ 918/t, a rise of 28%.
|Government considering hike in import duty on aluminium|
The government is considering a proposal to increase import duty on aluminium with a view to supporting domestic players, sources said.
|Oil trades below $68 as investors assess mixed supply outlook|
Oil has slumped about 12 percent from a four-year high earlier this month as a rout in global equity markets raised concerns about economic growth and energy demand at a time of growing U.S. crude inventories.
|India’s crude steel output grows 2 per cent to 8.5 MT in September, says worldsteel report|
India's crude steel production rose 2.1 per cent to reach 8.520 million tonnes (MT) in September 2018, global steel body worldsteel said in a report.
|Good news! Petrol, diesel prices cut for 12th day in row; petrol below Rs 80 mark in Delhi today|
Petrol, diesel prices today: The oil marketing companies (OMCs) cut the petrol and diesel prices for the 12th straight day on Monday amid softening global crude prices.
|Fuel prices cut for 11th time: Petrol down by 40 paise, diesel by 33 paise|
Petrol in Delhi now costs Rs 80.05 a litre and diesel is priced at Rs 74.05 per litre, according to a price notification issued by state-owned oil firms.
|Pre-Dhanteras high prices, cash crunch take sheen off gold this season|
Gold is likely to lose its sheen this 'Dhanteras' due to liquidity crunch amidst rising prices and other investment options, say market experts and the industry.
|Kharif crop 2018: Mandi prices of most crops below MSPs, gap up to 43%|
A month into the harvesting season, prices of 12 among the 14 kharif crops are ruling below their minimum support prices (MSPs), indicating that procurement by the designated agencies hasn’t yet gathered momentum, despite PM-AASHA, a stronger price support scheme announced by the government recently.
|Maharashtra begins kharif procurement|
Procurement of moong (green gram) and urad (black gram) has commenced in some pockets of Maharashtra, as the state is busy rolling out the price-deficiency support scheme PM-AASHA, under which support prices are at least 1.5 times the cost of production.
|In a first, FCI to start rice procurement from Tripura from December|
State-owned Food Corporation will start rice procurement for the first time in Tripura from December as the Centre has given in-principle nod after state chief minister Biplab Kumar Deb resolved certain issues in his meeting with Union Food Minister Ram Vilas Paswan here Friday.
|India has placed November crude orders with Iran, says Sunjay Sudhir|
Indian public sector companies have already placed orders with Iran for crude oil supply during November, a senior government official said here on Friday.
|Gold demand shines! Yellow metal hits 6-year high on global equity selloff, festive buzz|
Gold traded at a 6-year high of Rs 32,625 per 10 gram on Thursday amid a global selloff in equities, increased demand among local jewellers in the ongoing festive season and weakening rupee.
|Petrol price today: Petrol price cut for 9th straight day in Delhi, Mumbai; check latest prices for metros|
Petrol price today: In the national capital Delhi, petrol is retailing at Rs 80.85 per litre, while in Mumbai it can be availed at Rs 86.33 per litre.
|Crude oil prices fall as focus switches to oversupply|
Brent crude futures were down 45 cents, or 0.6 percent, at $76.44 a barrel by 0140 GMT. The global benchmark is heading for a weekly loss of 4.2 percent.
|Groundnut output may plunge to 37L tonne|
The country's groundnut crop is likely to come down to 37.35 lakh tonne for the season 2018-19 from 53.75 lakh tonne the previous season, according to estimates released by the Solvent Extractors Association of India (SEA) on Thursday.
|India makes big push to expand tea export to China|
India made a strong pitch to expand its steadily growing market for black tea in China by organising a tea promotion campaign that officials say would help in scaling up the tea trade between the two countries.
|Petrol price today: Petrol price slashed for 8th straight day in Delhi, Mumbai check latest prices for metros|
Petrol price today: Petrol prices were reduced for the 8th consecutive day on Thursday across various metros. Petrol prices in Delhi were slashed to Rs 81.10 from Rs 81.25 yesterday, implying a 15 paise cut.
|Crude oil prices fall amid global stock markets slump|
Markets have been hit hard this month by a range of worries, including the Sino-U.S. trade war, a rout in emerging market currencies, rising borrowing costs and bond yields, as well as economic concerns in Italy.
|Coconut oil supply to go up|
Coconut oil supply is estimated to increase due to higher production of nuts in Kerala and Tamil Nadu, Jose John, managing director of KPL Oil Mills, said on Wednesday.
|Onion prices stabilise after price rise last week|
Wholesale onion prices were down to Rs 1,550 per quintal at Lasalgaon-the country's largest wholesale market for the bulb on new arrivals in the market from other states including Karnataka, Andhra Pradesh and Telangana.
|CCEA clears Rs 7,522 crore for fisheries sector infrastructure|
The credit from the fund will help generate over 9.40 lakh direct and indirect jobs for fishermen
|Petrol price cheer for Delhi, cut by Rs 1.58 in last 1 week, check how much it has fallen in other metros|
Petrol price today: In a major relief to consumers, petrol prices were slashed for the 7th straight day on Wednesday, taking the total cut to Rs 1.58 in Delhi in the last one week.
|Copper under pressure on worries over weaker demand in China|
China said earlier this week that it will roll out more policies to support private companies, including measures to help them raise funds in capital markets.
|Oil slumps 5 per cent as global equities tumble, Saudi Arabia supply assurances|
Oil prices plunged about 5 percent on Tuesday to two-month lows as a sell-off in global equity markets raised worries about demand growth and after Saudi Arabia said it could supply more crude quickly if needed, easing concerns ahead of U.S. sanctions on Iran.
|Sugar stock valuation, international realization difference a big hurdle: Maharashtra millers|
Private sugar millers in Maharashtra have approached the Centre stating that the price difference between sugar stock valuation by the banks and international realization, which is the short margin in pledge accounts of sugar mills, has become a big hurdle for release of sugar by the banks.
|Good news! Petrol, diesel prices fall for sixth day in row; check rates in Delhi, Mumbai|
The petrol and diesel prices in Delhi are Rs 81.34 per litre (down by Rs 0.10) and Rs 74.85 per litre (down by Rs 0.07), respectively.
|Current growth cycle in steel sector to last for 24 months: Sushim Banerjee|
We recall that the market scenario in Q1 of FY18 was dull. Prices were down; capacity utilisation was poor, expansion plans were put on hold and PMI exhibited bleak forecasts of new order booking and were on the brink of contractionary mode.
|CIL offers additional supplies to power sector|
Coal India (CIL) has offered five million tonne of extra coal to state-run NTPC on a credit basis and agreed to supply 7.94 lakh tonne of domestic coal per month to power utilities on condition that the power utilities will cut on imports, an official said.
|Maharashtra cane farmers stare at shortage of water, situation grim|
Maharashtra's sugar season for 2018-19 started with 30 cane crushing licences being issued. Factories in the drought-hit Marathwada region, however, are not among these.
|Enhance global natural gas security, says International Energy Agency|
In Europe, the response to a string of cold spell episodes and unplanned gas supply outages also showed the success of integration and emergency policy measures.
|Petrol pumps shut in Delhi today: Key things to know about 23-hour long strike|
In a mark of protest against the Arvind Kejriwal-led AAP government’s refusal to cut value added tax (VAT) on petrol and diesel, all 400-petrol pumps in Delhi will be shut today. We take a closer look.
|Petrol, CNG pumps in Delhi to remain shut on Monday|
There are about 400 petrol pumps in Delhi which also have linked compressed natural gas (CNG) stations and all of them will remain closed for nearly 24 hours in protest from 6 am onwards on October 22 and remain closed till 5 am on October 23.
|Petrol Prices today: Sigh of relief for citizens as fuel prices witness further reduction|
Petrol Prices today: Citizens have a reason to rejoice, as fuel priceswitnessed further reduction on Sunday.
|Gold remains up on festive buying, positive global leads|
Traders attributed the sustained rise in gold prices to increased buying by local jewellers, driven by ongoing festive season and a firming trend in global markets.
|Oil set for weekly loss as supplies allay Saudi Arabia tensions|
Oil headed for a weekly loss as plentiful supplies helped offset worries that tensions between Saudi Arabia and the U.S. over the disappearance of a journalist could lead to the use of crude as a political weapon.
|Onion price in Delhi: Centre asks Nafed to boost supply; Mother Diary asked to cut rate by Rs 2 per kg|
To check rising onion prices, the Centre Friday directed co-operative Nafed to boost supply in the national capital from the buffer stock and also asked Mother Dairy to reduce the rates by Rs 2 per kg on the kitchen staple in all its Safal outlets.