Agri Picks Report January 12, 2024: Geojit
According to Geojit, The Cotton Association of India has estimated the country's cotton output in 2023-24 (Oct-Sep) at 29.4 mln bales (1 bale = 170 kg), unchanged from last month's projection, according to a release.
Live: The SEC has approved bitcoin ETFs. What does it mean for investors? Commodities Corner
The U.S. Securities and Exchange Commission on Wednesday approved rule changes to allow the creation of bitcoin exchange-traded funds in the U.S., a long-awaited move that will give regular investors access to the controversial and volatile cryptocurrency. Catch Manisha Gupta in an exclusive conversation with Ajeet Khurana
Agri Picks Report January 11, 2024: Geojit
According to Geojit, Production of crude palm oil in Malaysia fell 13.3% on month to 1.55 mln tn in December, according to preliminary data from the Malaysian Palm Oil Board.
Oil prices tick up as Middle East tensions rise
U.S. West Texas Intermediate crude futures gained 20 cents, or 0.28%, to reach $71.57 a barrel by 0202 GMT. Benchmark Brent crude oil futures rose 21 cents, or 0.27%, to $77.01 a barrel.
Agri Picks Report January 10, 2024: Geojit
According to Geojit, The National Commodity and Derivatives Exchange Ltd has cut the additional surveillance margin on all jeera contracts by 2% effective from today, the exchange said in a circular.
Live: Crude oil prices slip 4% overnight, trading near a 6-month low | Commodities Corner
A fine balance struck between the Middle East conflict, concerns about global demand and rising supply from producing countries has helped crude oil on a slippery ground with a marginal turnaround. Oil prices edged up on January 9, partially recovering from the decline in the previous session. Brent crude futures increased by 18 cents, reaching $76.30 a barrel, representing a 0.2 percent rise, while the US West Texas Intermediate (WTI) crude futures saw a gained 0.1 percent, or 6 cents, to $70.83 a barrel. The two crude oil benchmarks lost more than 3 and 4 percent on January 8 following significant price cuts by top oil exporter Saudi Arabia, and an increase in output by the Organization of Petroleum Exporting Countries (OPEC). Catch Manisha Gupta in conversation with Ajay Kedia, MD, Kedia Advisory with more details.
Agri Picks Report January 09, 2024: Geojit
According to Geojit, The area under rabi crops in Maharashtra has fallen nearly 9% on year to 4.73 mln ha in the current season as of Dec 29, from 5.19 mln ha a year ago, according to data published by the state agriculture department.
Oil prices inch up as markets debate Middle East crisis and OPEC supply
Brent crude futures rose 18 cents, or 0.2%, to $76.30 a barrel at 0445 GMT, while U.S. West Texas Intermediate crude futures inched up 0.1%, or 6 cents, to $70.83 a barrel.
Live: Govt to intervene in retail rice market to curb prices| Commodities Corner
With retail rice inflation persisting in double digits for over a year, the government is contemplating various steps. These include selling grains from its reserves and urging retailers to trim their "high margins." Food Minister Piyush Goyal will convene a meeting of key stakeholders—processors, exporters, and traders—on January 15 to assess the nation's rice supply status. Catch Manisha Gupta with more details
Agri Picks Report January 08, 2024: Geojit
According to Geojit, The area under rabi crops across India so far this year stands at 65.5 mln ha, down 1.2% on year, according to data from the agriculture ministry.
Oil slips as higher OPEC supply, Saudi price cuts offset Mideast worries
Brent crude fell 9 cents, or 0.1%, to $78.67 a barrel by 0057 GMT, while U.S. West Texas Intermediate crude futures shed 10 cents, or 0.1%, to $73.71 a barrel.
Commodity investors to closely watch US, China inflation that could shape expectations for monetary policy
Looking ahead, investors will closely watch US and China inflation figures in the coming week, as they could shape expectations for monetary policy.
LIVE: OMCs hike procurement price of Ethanol produced from Maize by Rs 5.79/ltr| Commodities Corner
Oil Marketing Companies (OMCs) announced an additional incentive of Rs 5.79 per litre (Excluding GST) for ethanol sourced from maize. After this incentive hike, the cost of ethanol sourced from maize will rise from Rs 66.07 per litre to Rs 71.86 per litre. Catch Manisha Gupta with more details
Agri Picks Report January 05, 2024: Geojit
According to Geojit, Farmers in Telangana have sown rabi crops over 1.63 mln acres as of Wednesday, down 4.1% from 1.70 mln acres a year ago, according to data from the state government.
Agri Picks Report January 04, 2024: Geojit
According to Geojit, The area under rabi crops in Gujarat was at 4.46 mln ha in the current season as of Monday, up 1.9% from last year, according to data from the state agriculture department.
Oil prices rise on Middle East supply worries
Brent crude rose 33 cents, or 0.42%, to $78.58 abarrel by 0101 GMT, while U.S. West Texas Intermediate crudefutures rose 40 cents, or 0.55%, to $73.10.
Commodities Corner: FIU issues notice to 9 offshore crypto platforms
The Financial Intelligence Unit India (FIU IND) has issued compliance showcause notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs) for alleged violation of the Prevention of Money Laundering Act 2002 (PMLA).
VDA SPs were brought into the ambit of Anti Money Laundering/Counter Financing of Terrorism (AML-CFT) framework under the provisions of the Prevention of Money Laundering Act (PML) Act 2002 in March 2023. The nine offshore VDA service providers are: Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXCGlobal, and Bitfinex. Catch Manisha Gupta with more details
Agri Picks Report January 03, 2024: Geojit
According to Geojit, The area under rabi crops in Gujarat was at 4.46 mln ha in the current season as of Monday, up 1.9% from last year, according to data from the state agriculture department.
Agri Picks Report January 02, 2024: Geojit
According to Geojit, The area under rabi crops in Rajasthan was down 2.5% on year at 10.79 mln ha in the current season as of Friday, according to a release by the state agriculture department.
India commodity derivatives see Higher volumes in futures options| Commodities corner
Catch Manisha Gupta in conversation with Narinder Wadhwa - Chairman - CPAI to know more details
Agri Picks Report January 01, 2024: Geojit
According to Geojit, The Centre has extended the import duty exemption on tur and urad by a year till Mar 31 2025, according to a notification by the Directorate of General of Foreign Trade today.
Agri Picks Report December 29, 2023: Geojit
According to Geojit, The area under rabi crops in Maharashtra has fallen nearly 7.4% on year to 4.53 mln ha in the current season as of Tuesday from 4.89 mln ha a year ago, according to data published by the state agriculture department.
Oil prices to end year 10% lower as demand concerns snap winning streak
Brent crude futures were up 18 cents, or 0.2%, at $77.33 a barrel at 0126 GMT on Friday, the last trading day of 2023, while the U.S. West Texas Intermediate (WTI) crude futures were trading 11 cents higher at $71.88 a barrel in early Asian trade.
Live: INR sees support from DYX at 5-month lows amid surging equity markets
The dollar slipped to a five-month low against the euro and a basket of currencies on expectations the Federal Reserve could soon cut U.S. interest rates.
But with many traders out for holidays volumes are likely to remain muted until the New Year, and price moves are exaggerated by low liquidity. Catch Manisha Gupta with more details
