Excess output prompts China to boost its record share of world wheat stocks

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With or without China, world wheat stocks are set to reach a new high by mid-2021, though record demand should prevent supplies from becoming too burdensome. However, China is going on its eighth consecutive year of producing more wheat than it uses, further expanding already-massive stockpiles and nudging its share of global wheat supplies to […]

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Govt extends stock holding limit on onion traders indefinitely to check price rise

With onion prices continuing to rise above Rs 100 per kg, the government of India has extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period to check price rise. Separately, Food and Consumer Affairs Minister Ram Vilas Paswan did not say by when prices of onion will […]

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Government planning to infuse funds into FCI; raises authorised capital to Rs 10,000 crore

The Cabinet on Wednesday increased the authorised capital of Food Corporation of India (FCI) to Rs 10,000 crore from the current Rs 3,500 crore. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing the authorised capital of the FCI. “With the increase of authorised capital, additional equity capital […]

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China’s commericial crude oil stocks fell 3.4 percent month on month in August – report

China’s commercial crude oil stocks fell 3.42 percent in August from a month earlier, while stocks of refined oil products dropped 0.97 percent, according to data compiled by the official Xinhua News Agency. The fall was a result of decreasing output and imports, and rising processing volume, according to Xinhua. Gasoline stocks went down during […]

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Daily Masala

Here is what others are talking about this morning: Oil edges up as Saudi discusses oil supply cut extension Gold retreats from 1-year high as dollar gains ground Asia stocks rise, dollar rebounds as Irma weakens China invests $9.1 billion in Rosneft as Glencore, Qatar cut stakes ONGC’s gas production plan from KG basin may […]

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Daily Masala

Here is what others are talking about this morning: Asian shares firm, dollar slumps on ECB’s tapering signal Gold hits 1-yr peak as dollar sags, N.Korea concerns support Oil prices rise on sharp drop in U.S. production as hurricanes bite Rare earth metals electrified by China’s illegal mining clean-up China’s iron ore imports edge up […]

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Daily Masala

Here is what others are talking about this morning: Asian stocks advance after U.S. debt-ceiling deal Oil up after Harvey fallout; Irma heads toward Florida Gold holds steady amid softer dollar Wrapped in plastic, China’s farmland is suffering Essar to invest $250 million in its UK refinery India’s oilmeal exports surge 78% Myanmar’s pulse and […]

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Daily Masala

Here is what others are talking about this morning: U.S. gasoline prices slip as oil industry bounces back from Harvey Global stocks tentative after selloff on North Korea fears Gold eases from near 1-year high as dollar steadies Bullishness on China sends copper soaring India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan Soya: […]

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