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

MCX reduces gold option expiry to monthly, improving liquidity and attracting more participants, benefiting jewellers and increasing revenue

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

US crude oil inventories rose by 1.64 million barrels for the week ended October 18. Market estimates had earlier pegged increase at 0.7 million barrels

Windfall Tax is to counterbalance the unusually high profits earned by oil and gas companies from high global crude oil prices

India’s production decreased by a tad y-o-y

Solvent extractors seek Centre’s help to export oilmeals

The agri costs panel had recommended regular revision of the minimum price

Both August and September this year have witnessed a fall in diesel usage

India’s appetite for oil products in October-December is set to get a boost from the upcoming festival season as well as the agricultural season

Rubber Board officials said prices exceeded Rs₹200 on June 11 but plummeted 24 per cent to ₹187 per kg by October 21. The Board may ask consumers to proactively purchase in the domestic market

They are higher than normal, filled to 87 per cent of the 180.852 BCM capacity

At 9.56 am on Friday, December Brent oil futures were at $74.50, up by 0.16 per cent, and December crude oil futures on WTI (West Texas Intermediate) were at $70.28, up by 0.13 per cent

Sales percentage increases as Russian buyers turn active

Though exports are banned, shipments of 64,000 tonnes were allowed under special bilateral pact

According to the commodities information services provider, India's oil demand decreased in September on a yearly basis, due to above normal rainfall, which affected road movement, construction, and mining activities

Scores of Israeli jets completed three waves of strikes before dawn on Saturday against missile factories and other sites near Tehran and in western Iran, in the latest exchange in the escalating conflict between the Middle East rivals

November natural gas futures were trading at ₹254.50 on MCX during the initial hour of trading on Monday against the previous close of ₹258.20, down by 1.43 per cent

The Centre has declared an MSP of Rs ₹7,121 per quintal for the medium staple and Rs ₹7,521 per quintal for the longer variety for the 2024-25 cropping season, an increase of around 7 per cent over previous year