16 02, 2018

Soybean output for 2017-18 down 24 percent

2018-02-16T12:28:04+00:00 February 16th, 2018|Agri Commodities|

Financial Express | February 16 2018 India’s soybean output is at 83.5 lakh tonne for the harvesting season 2017-18, about 24% lower than 109 lakh tonne reported in the previous year, the latest survey by the apex industry body Soybean Processors’ Association (SOPA), estimates . The estimated exports for the oil year 2017-2018 are likely [...]

16 02, 2018

Wheat buying: Target for 2018-19 set at 320 lakh tonnes

2018-02-16T12:23:59+00:00 February 16th, 2018|Agri Commodities|

Financial Express | February 16 2018   Amid concerns over a possible drop in this year’s wheat crop, the government has fixed the procurement target at 320 lakh tonnes for 2018-19 marketing season (April-March), higher than the actual purchase of about 308 lakh tonnes in 2017-18. The target for next season, however, is 10 lakh [...]

16 02, 2018

India to get $25 billion investments in oil and gas E&P by 2022: DGH

2018-02-16T12:20:10+00:00 February 16th, 2018|Uncategorized|

Live Mint| February 16 2018 India will attract about $25 billion investments in oil and gas exploration and production by 2022, Atanu Chakraborty, director general, Directorate General of Hydrocarbons (DGH) said.“Of these, about $22 billion worth of investments have already received necessary technical approvals. We are expecting another $3-4 billion investments from auctions under open [...]

15 02, 2018

India’s oil imports hit record high in January

2018-02-16T12:32:53+00:00 February 15th, 2018|Uncategorized|

Economic Times | February 15 2018 India imported a record 4.93 million barrels of oilBSE 0.17 % per day (bpd) in January to feed its expanded refining capacity and meet rising demand, ship tracking data obtained from sources and data compiled by Thomson Reuters Oil Research & Forecasts showed. The world's third-biggest oil importer shipped in [...]

15 02, 2018

India’s wholesale price inflation eases to 2.84% in January

2018-02-16T12:29:52+00:00 February 15th, 2018|Uncategorized|

Domain-B Com | February 15 2018 India's annual rate of inflation based on the wholesale price index stood at 2.84 per cent in January, easing for the second straight month from an eight-month high touched in November, as food and fuel prices increased at a slower pace, official data released today showed. Annual wholesale price [...]

15 02, 2018

Gur prices end quiet on poor demand

2018-02-16T12:27:06+00:00 February 15th, 2018|Agri Commodities|

Business-Standard | February 15 2018   The wholesale gur (jaggery) market settled quiet in the national capital today following sporadic buying amid sufficient stocks.Muzaffarnagar and Muradnagar gur markets also showed similar trend on little activity.Marketmen said arrivals and offtake almost matched so prices had not shown any fluctuations, settled same on last levels.Following are today's rates (in Rs per [...]

15 02, 2018

India’s trade deficit widens to US$ 16.3 billion in January 2018

2018-02-16T12:26:13+00:00 February 15th, 2018|Uncategorized|

Business-Standard | February 15 2018 Exports up 9.1%, imports jump 26.1% in January 2018India's merchandise exports increased 9.1% to US$ 24.38 billion in January 2018 over a year ago. Meanwhile, merchandise imports surged 26.1% to US$ 40.68 billion. The trade deficit jumped 64.6% to US$ 16.30 billion in January 2018 from US$ 9.90 billion in January 2017.Oil imports galloped [...]

15 02, 2018

Crude palm oil futures rise 0.38% on demand uptick

2018-02-16T12:25:11+00:00 February 15th, 2018|Non Agri Commodities|

Business-Standard | February 15 2018 Crude palm oil prices rose 0.38 per cent to Rs 576.80 per 10 kgs in futures trade today as participants created fresh bets, supported by pick-up in demand in the spot market.A firming trend in overseas markets also fuelled the uptrend.At the Multi Commodity Exchange, crude palm oil for delivery in February rose Rs 2.20, or [...]

15 02, 2018

Asia Rice: Slow demand weighs on top exporters; Bangladesh scraps Thai deal

2018-02-16T12:22:57+00:00 February 15th, 2018|Agri Commodities|

Reuters | February 15 2018 Rice prices in India and Thailand fell this week, pressured by sluggish overseas demand, while Bangladesh scrapped a plan to import Thai rice, citing delays in finalising a deal. n India, prices for 5 percent broken parboiled rice fell by $12 to $420-$424 a tonne, having touched their highest since September [...]

15 02, 2018

Edibles and non-edibles weaken on reduced demand

2018-02-16T12:21:34+00:00 February 15th, 2018|Agri Commodities|

Business-Standard | February 15 2018 Groundnut oil and refined palmolein weakened further at the Vashi oils and oilseeds wholesale market here today following reduced demand from stockist and retailers.Elsewhere, castorseeds bold and castor oil commercial also dropped due to poor offtake from soaps and shippers industries... Source:http://www.business-standard.com/article/pti-stories/edibles-and-non-edibles-weaken-on-reduced-demand-118021501632_1.html