Offers roadmap as the country dominates the global market with 70% market share

FAO says market down by $10-72 a tonne, Thai cuts rates by 10%

Over 60 per cent of edible oil requirement is now met through imports, which is a cause for concern, says SEA president Sanjeev Asthana

Retain the futures buy position

The country is heavily dependent on imports for coking coal.

Market reports attributed the decline in price to profit-taking after a strong weekly gain

‘Golden Farms’ is designed to digitise the agricultural input supply chain

Market fears that the escalating tensions could disrupt crude oil supplies from West Asia as Iran is a major producer of crude oil in the world market

The Middle East, led by Qatar, was the primary exporter, while Asian countries, notably India and China, were key importers

Such ETFs own futures contracts on crude oil instead of the commodity itself. The ETF price will mimic the spot price.

Uncertainties over the developments in West Asia helped boost the price of the commodity

Traders can buy on a dip and look for a target of ₹290 

Exporters say they incur $70/tonne additional costs; Customs officials playing safe to verify if shipments are white or parboiled rice

Market players feel that there could be escalation in tension in West Asia following the recent developments in the region

Subdued demand, struggling property sector may exert downward pressure on metals

Level in 5 States below normal as over 70% of the country received deficient rainfall since Oct 1

India imported 145.35 lakh tonnes (lt) of edible oil during the first 11 months of the oil year 2023-24, against 154.68 lt in the corresponding period of the previous oil year

MF investment in ETCDs is estimated to be under ₹10,000 crore

Opposing curbs, traditional sweeteners body BHAKTI says Centre should not be swayed by false narratives

Brent and WTI oil futures saw declines of over 3%, with MCX crude oil futures also experiencing significant drops.

Shipments hit on lower rapeseed meal, castormeal consignments leaving the country

It will offer a robust price risk management solutions for the cottonseed oil industry

Auction prices have more than doubled since the beginning of the year as domestic prices tail global trend

As China's rapid switch to electricity plays a significant role in disrupting the oil market, oil companies find they can sell more of their product to India

October crude oil futures were trading at ₹5953, up by 0.30 per cent, and November futures were trading at ₹5931, up by 0.58 per cent, during the initial hours

Two firms used non-existent shipping firms to show transactions, the others submitted fake transaction certificates

December Brent oil futures rose to $74.37, while November WTI futures climbed to $70.59.

The price region between ₹228 and ₹230 is a demand zone

Tells Kandla traffic manager to allow another ship to set sail after getting release order from Gujarat HC

Purchases for buffer stocks hit by storage and other issues in Punjab and Haryana

Key dams’ water level unchanged at 87% of capacity this week

Market players are also assessing the supply risks from West Asia following the tensions in the region

Ongoing weakness in housing construction, driven by tight financing conditions and high costs, cited as reason for the fall in demand

High-level inter-ministerial meeting clears scrapping $490/t MEP on white rice, 10% export duty on parboiled rice

Good rains this year and the increase in acreage might help Gujarat achieve a record groundnut production of 42.19 lakh tonnes this year, surpassing the previous record of 38.55 lakh tonnes set in 2021-22

Traders can stay out for now

In India, October crude oil futures traded slightly lower at ₹5,850

Traders can consider going short 

The study reports 40% increase in south-west monsoon rainfall over north-west India in recent years  

Ongoing rains raise concern over quality, crop size across key producing regions

Analysts peg its average price for 2024 at around $17,000/tonne

Market is also cautious about a potential increase in global oil supply as the OPEC+ is planning to restore production output in December

One thing that is very clear is there is no shortage of oil in the world, said Puri

APEC Climate Centre predicts the weather event from December