Daily Masala

Here is what others are talking about this morning:

Tide turning in favour of sugar

India’s sugar sector, which has remained beaten down for a long time now, is seeing the tide moving in its favour. With two consecutive years of weak monsoon, not only has it impacted sugar production in India but global output, too. Thus, sugar prices in the country have gained momentum and are much higher (Rs 5-6 a kg) than what they were last year.

India’s basmati rice exports to US might be hit

In a blow to basmati players, the US has made registration with National Plant Protection Organisation (NPPO) mandatory for Indian exporters of aromatic rice.

Asia gains as oil bounce supports equities, debt yields higher

Asian stocks rose on Thursday and safe-haven government bond prices fell as crude oil prices extended gains on hopes that big producers will cap production, improving investors’ appetite for riskier assets.

Mining Stocks Extend Global Rebound as Zinc Rises Among Metals

Mining shares extended a global rebound, with the world’s biggest producer BHP Billiton Ltd. reaching a six-week high in Australia, and copper miner Oz Minerals Ltd. hitting a three-year peak. Zinc led gains among base metals, although copper fell.

Oil market shows deep doubt over output freeze

The oil world has been shaken this week by some of the biggest producers agreeing to freeze their output at January levels to contain a supply glut and prevent a further slide in prices, but markets show investors doubt this tactic will work.

India halts potash imports as droughts hit crop plantings

India has halted its potash imports for the year to end-March and delayed negotiations for next year’s purchases until at least June, as droughts have dented demand in one of the world’s biggest fertilizer consumers, government officials said.




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