Jim Rogers, the investment guru and author of the best seller Investment Biker, who got started in business at the age of five selling peanuts, is cautiously betting on what he knows intrinsically from childhood—commodities. “I am bullish on agriculture. Commodities have been very strong. Copper and iron ore are making all-time highs. A lot […]
The Central government has started the process of borrowing with the launch of sovereign gold bonds in consultation with the Reserve Bank of India on Wednesday. The government has issued Sovereign Gold Bonds in six tranches between May and September 2021. “The Government of India, in consultation with the Reserve Bank of India, has decided […]
It’s been a decade since the last commodity market boom, triggered by China’s emergence as a global economic powerhouse, finally ran out of steam. Although a wide-ranging rally that has upped the price of key raw materials including copper, lumber and iron ore to all-time highs and also boosted agricultural commodities is fuelling expectations that […]
The 150th Kisan Rail departed from Nagarsol in Maharashtra on 10 May 2021, carrying 246 tonnes of onions, to Malda Town of West Bengal. The South Central Railway had commenced the operation of Kisan Rail in the beginning of 2021. The first rail departed from Nagarsol on January 5. In about 126 days, 150 rounds have been completed. Till now, Kisan Rail has transported about 47,957 tonnes […]
While most industrial metals are glowing hot in a post-pandemic manufacturing recovery and an emerging commodities supercycle, lead and zinc have remained subdued. Copper has hit all-time highs above $10,000 per tonne, with London Metal Exchange (LME) three-month metal futures trading above $10,350 a tonne. Tin has hit a 10-year high and aluminum is charging up towards […]
The Cotton Association of India (CAI), in its April estimate, has retained its projection for the crop output at 360 lakh bales of 170 kg each during the current season. The total cotton supply for the period from October 2020 to April 2021 is estimated at 469.37 lakh bales, which consists of the fresh arrivals […]
Consumption of petroleum products fell to 17 million tonnes last month in April 2021, the lowest recorded since September, 2020. The re-imposition of lockdown curbs with the second wave of the coronavirus in many areas has slowed industrial and commercial consumption. India’s fuel demand slumped by 9.4 per cent in April when compared to the […]
A fledgling recovery in India’s gold demand in the first three months of this year (Jan-Mar 2021) is likely to be abolished by the explosive increase in coronavirus infections that keeps people at home, dampening sales during the key wedding season. Purchases in the world’s second-biggest consumer jumped 37% in the January to March period […]
India’s agricultural exports grew 17.5 per cent to cross $41.8 billion in 2020-21. In the corresponding period the country’s overall merchandise exports fell 7.2 per cent to $290.8 billion, from $313.4 billion in 2019-20, The Indian Express reported. The farm sector’s standout export performance, the best since the $43.25 billion of 2013-14, was thanks to […]
Consumption in India is especially at risk because of a drop in demand outside the home and the impact of the world’s worst Covid-19 outbreak, according to Atul Chaturvedi, president of Solvent Extractors’ Association. The country is a very price-sensitive market and high prices are hurting demand, he said. IAC Desk
