Commodities

Commodities News

Gold likely to touch Rs 70,000 in 2024, say experts

The yellow metal price is hovering at Rs 63,060 per 10 grams on the commodity stock exchange MCX and around USD 2,058 an ounce in the international market at a.

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Commodities News

ATF price cut by 4 pc; commercial LPG rate reduced marginally by Rs 1.5 per cylinder

The price hike follows a Rs 39.5 per cylinder reduction in rates effected on December 22. Jet fuel or ATF price on Monday was cut by 4 per cent, the.

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Commodities News

Global 2024 staple food supplies to be strained by dry weather, export curbs

By Naveen Thukral SINGAPORE (Reuters) -High food prices in recent years have prompted farmers worldwide to plant more cereals and oilseeds, but consumers are set to face tighter supplies well.

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Oil prices fall 3% as Red Sea shipping disruptions ease

By Shariq Khan BENGALURU (Reuters) -Oil prices fell 3% on Thursday as more shipping companies said they were ready to transit the Red Sea route, easing concerns about supply disruptions.

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Commodities News

Biden extends EU steel, aluminum tariff exemption for 2 years

WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address.

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FMCG eye green shoots of growth in 2024

Fast-moving consumer goods (FMCG) companies are counting on multiple factors for growth in the coming year. Fast-moving consumer goods (FMCG) companies are counting on multiple factors for growth in the.

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Commodities News

Oil prices gain around 1% as Red Sea tension persists

By Robert Harvey LONDON (Reuters) -Oil prices rose as much as 1% on Friday as tensions persisted in the Middle East following Houthi attacks on ships in the Red Sea,.

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Commodities News

China’s 2024 steel demand to fall 1.7%, exports to slow – state researcher

BEIJING (Reuters) – China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state researcher forecast on Friday, weighed down by.

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Commodities News

Ships rerouted by Red Sea crisis face overwhelmed African ports

By Wendell Roelf CAPE TOWN (Reuters) – Shipping companies sailing around the Cape of Good Hope to avoid Houthi attacks on the Red Sea face tough choices over where to.

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Commodities News

More ships carrying oil avoid Red Sea route

By Georgina McCartney and Arathy Somasekhar HOUSTON (Reuters) – At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from.

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