⁠⁠⁠⁠⁠Commodity Alert: Gold rose to its highest in over a week ….

Following comments from key central bankers at an economic policy meeting in the United States boosted the sentiment yellow metals. Spot gold rose 0.5 percent to $1,297.60 an ounce, after reaching its highest since Aug. 18 at $1,298.58 earlier. At the meeting in Jackson Hole on Friday, Yellen made no Reference to U.S. monetary policy but instead focused on financial regulations, leading traders to expect a slowing in further interest rate hikes. Later in the day, European Central Bank Chief Mario Draghi said the bank's ultra-loose monetary...

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Agro Commodity Update (28th-Aug-2017)

Fundamental Aspect Guar futures traded sharply higher as limited supply amid increasing buying interest by millers may help prices to continue its rally. Rising crop failure concerns caused by uneven distribution of monsoon rainfall in western Rajasthan is likely to spur speculators to enlarge long positions at futures platform. Cumulative monsoon rainfall in Bikaner, Ganganager and Hanumangargh has been below normal till second half of Aug recorded at -7%, -32% and -18% of LPA. Besides, reports of crop damage in northern Gujarat...

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Commodity Alert: NCDEX guar gum up 2% on high exports, crop concern

Guar gum futures rose around 2% on NCDEX today due to rise in exports from India, and on crop damage concerns. According to data released by the Agricultural and Processed Food Products Export Development Authority on Wednesday. Further, worry over crop damage in Gujarat and southwest Rajasthan due to floods and severe rains also supported prices, traders analysts said.    The October guar seed contract was at 3,689 rupees per 100 kg, up 1.5% from the previous close. Source: Newswire More will update soon!...

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Commodity Alert: MCX mentha rises on concerns over damage to crop

                          The August contract of mentha oil rose on the MCX because of concerns over damage to the fresh mentha crop after heavy rains in Uttar Pradesh, the largest producer. Firm demand for the spice oil from the pharmaceutical industry also supported the prices. A fall in the inventories of the spice oil at the MCX-accredited warehouses aided the gains.  Stocks of mentha oil at the warehouses declined to 1,883.24 tn Wednesday, down 34.92 tn from Tuesday. Source:...

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Agro Commodity Update (03rd-Aug-2017)

Fundamental Aspect Sugar Futures recover from lower levels on bargain buying. The prices may get support on expectations of higher demand for sugar in coming weeks. The food ministry expects sugar output in 2017-18 (Oct-Sep) at 235-240 lakh tonnes (lt), much below 251 lt projected by the Indian Sugar Mills Association (ISMA). As per the latest official report, Sugar output in Uttar Pradesh may rise to about 92-93 lt in 2017-18, up from...

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