Commodities

India's Wheat Production Set To Touch New Record In 2022-2023 Crop Year

India's Wheat Production Set To Touch New Record In 2022-2023 Crop Year

Press Trust of India | Thursday May 25, 2023, New Delhi

The country's wheat production is estimated to set a new record of 112.74 million tonne in the 2022-23 crop year (July-June), while the overall foodgrain output is also likely to be a record 330.53 million tonne.

Centre Extends Transmission Fee Waiver For Green Hydrogen Plants: Report

Centre Extends Transmission Fee Waiver For Green Hydrogen Plants: Report

Reuters | Tuesday April 11, 2023, New Delhi

India has extended a waiver of transmission fees for renewable power to hydrogen manufacturing plants commissioned before January 2031, as it aims to become the world's cheapest producer of the fuel.

Dairy Prices Expected To Remain Firm Amid Rising Demand, Tight Supply

Dairy Prices Expected To Remain Firm Amid Rising Demand, Tight Supply

Press Trust of India | Friday April 07, 2023, New Delhi

The Centre, along with National Dairy Development Board (NDDB), is monitoring the supply-demand gap in dairy products and will take a decision on imports depending on the situation.

Gold Prices Fall As Investors Weigh SVB Deal Amid Banking Risks

Gold Prices Fall As Investors Weigh SVB Deal Amid Banking Risks

Reuters | Monday March 27, 2023

Gold prices fell for a second straight session on Monday as the U.S. dollar firmed, while investors weighed measures taken by authorities to assuage fears of a crisis in the global banking sector.

Gold Prices Ease In Range-Bound Trading As Dollar Firms

Gold Prices Ease In Range-Bound Trading As Dollar Firms

Reuters | Friday March 24, 2023

Gold prices eased in range-bound trading on Friday due to a firmer dollar, while investors digested the U.S. central bank's hints at a potential pause in its rate-hike trajectory.

Gold Prices Advance As Dollar Slips After Fed Hints At Pause In Rate Hikes

Gold Prices Advance As Dollar Slips After Fed Hints At Pause In Rate Hikes

Reuters | Thursday March 23, 2023

Gold prices advanced on Thursday, as the dollar slipped after the U.S. Federal Reserve hinted it was nearing a pause in its rate-hike cycle, making the safe-haven asset a more attractive bet.

Gold Prices Edge Higher As Investors Focus On US Fed Meeting

Gold Prices Edge Higher As Investors Focus On US Fed Meeting

Reuters | Tuesday March 21, 2023

Gold prices edged higher on Tuesday, with investors looking forward to the Federal Reserve policy meeting as expectations grew that the U.S. central bank would slow its monetary policy tightening given the upheaval in the banking sector.

Gold Jumps Rs 1,400 To Touch Life-Time High Amid Strong Global Trend

Gold Jumps Rs 1,400 To Touch Life-Time High Amid Strong Global Trend

Press Trust of India | Monday March 20, 2023, New Delhi

Gold price rallied Rs 1,400 to touch a life-time high of Rs 60,100 per 10 grams in the national capital on Monday amid strong global trends, according to HDFC Securities.

Gold Rises To $2,000 On Credit Suisse Buyout

Gold Rises To $2,000 On Credit Suisse Buyout

Agence France-Presse | Monday March 20, 2023, London

Gold topped $2,000 per ounce for the time in more than a year Monday on haven demand as investors fretted over global bank fears despite the buyout of Credit Suisse.

Gold Prices Jump To 1-Year High As Banking Sector Concerns Return To Fore

Gold Prices Jump To 1-Year High As Banking Sector Concerns Return To Fore

Reuters | Monday March 20, 2023

Gold prices jumped 1% to their highest since March last year on Monday, erasing earlier losses, as worries about the global banking sector returned to the fore despite rescue efforts by Swiss lender UBS to buy peer Credit Suisse.

Gold Price Declines To Rs 55,095 Amid Weak Global Trends

Gold Price Declines To Rs 55,095 Amid Weak Global Trends

Press Trust of India | Wednesday March 08, 2023, New Delhi

The yellow metal had closed at Rs 55,710 per 10 grams in the previous trade. Silver also plummeted Rs 2,285 to Rs 62,025 per kilogramme.

Agencies To Buy Red Onion As Prices Fall On Surplus Output

Agencies To Buy Red Onion As Prices Fall On Surplus Output

Reuters | Wednesday March 08, 2023, New Delhi

Prices of the crop have fallen to as low as 200 rupees ($2.44) per 100 kilograms prompting some farmers to dump the crop in fields in Maharashtra, the largest producer of redonionin the country, where rates have fallen sharply.

Cooperative To Begin Onion Procurement From 3 Gujarat Mandis To Support Prices

Cooperative To Begin Onion Procurement From 3 Gujarat Mandis To Support Prices

Press Trust of India | Wednesday March 08, 2023, New Delhi

Nafed will begin onion procurement from Bhavnagar, Gondal and Porbandar mandis in Gujarat from March 9.

Gold Prices Slip To 1-Week Low As US Fed's Jerome Powell Flags Higher Rates

Gold Prices Slip To 1-Week Low As US Fed's Jerome Powell Flags Higher Rates

Reuters | Wednesday March 08, 2023

The US Fed will likely need to raise interest rates more than expected in response to recent strong data and is prepared to move in larger steps if the "totality" of incoming information suggests tougher measures are needed to control inflation, Jerome Powell said.

Gold Prices Rise As Investors Focus On Jobs Data, US Fed Chief Testimony

Gold Prices Rise As Investors Focus On Jobs Data, US Fed Chief Testimony

Reuters | Tuesday March 07, 2023

Gold prices rose marginally todayas investors awaited Congressional testimony by USFederal Reserve Chair Jerome Powell and monthly jobs data, both of which could influence the interest rate policy.