Screenshot 2021-09-08 at 01-05-35 Sugar – A D ENTERPRISES

September 7, 2021 720 × 506 Sugar

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Market Updates

Gold prices hit a new high on looming US crisis

Gold for April delivery on MCX hit a high of ₹60,455 before cooling off to ₹59,630

SEA estimates mustard production at record high 115.25 lakh tonnes

Remunerative prices in 2022 encouraged record plantings, while weather has been conducive

Gold prices cross ₹60,000 on MCX on fragile US economy

Appeal of the yellow metal increases on prediction for less aggressive Federal Reserve rate hikes

Oil PSUs to set up over 30 KTPA of annual green hydrogen production capacity

The new green hydrogen production facilities are spread over six states — Haryana, Madhya Pradesh, Andhra Pradesh, Assam, Karnataka and Tamil Nadu

Crude oil down despite measures by US, European central banks

Market awaits US Fed’s announcement of monetary policy

India looks to extend fuel export curbs

This decision may discourage refiners from buying Russian fuel for re-exports to countries, that have stopped purchases of refined products from Russia due to its invasion of Ukraine.

Indian crude oil imports may be getting too big for comfort: IEA

According to the IEA, India and China collectively procured more than 70% of Russia’s crude exports in Feb

Oilmeals export up 77% in April-Feb period of current fiscal

Lower bean prices turn shipments of soyameal attractive, rapeseed meal exports more than double

Crude oil gets boost as Russia-Saudi Arabia discuss production cuts

The meeting between Russia and Saudi Arabia is significant as it comes ahead of OPEC+ policy meeting in June

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