Siraj Chaudhry of Cargill India discusses with Manisha Gupta the draft agriculture policy. The draft policy is in-line with prime minister’s vision of doubling the farmer’s income.
Here are all the latest updates for you from the commodity space:
The decline in equities seems to be bothering commodity as an asset class as well. This has affected crude oil prices as they slipped on global cues.
The Chinese Iron ore market hit a four-month low on Monday falling by over 4% as high inventory levels and a weak domestic steel market weighed on prices.
A broad weakness in US Dollar is also expected.
Watch the interview of Georgette Boele ABN AMRO Group Economics and Kishore Narne Motilal Oswal Commodities with Manisha Gupta on CNBC-TV18, in which they shared their reading and outlook on commodity markets and specific commodities.
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Crude oil prices are witnessing a positive trend today with the markets expecting strong data from Germany manufacturing numbers and the US construction numbers.
Watch the interview of Faiyaz Hudani Kotak Commodity Services with Manisha Gupta on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
Watch video for more…
Watch Manisha Gupta of CNBC-TV18 giving a wrap on commodities market.
Watch the interview of T Gnanasekar Director CommTrendz Research with Surabhi Upadhyay on CNBC-TV18, in which he shared his reading and outlook on commodity markets and specific commodities.
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Watch the interview of Tapan Patel of LKP Securities with Reema Tendulkar & Nigel D’Souza on CNBC-TV18. He spoke about the current trends in the commodities market.
The US consumer inflation numbers that came out on Tuesday seem to be having an impact on the commodities today. Consumer inflation in the US stood at 0.2% which could be the reason behind decline in USD leading to surge in Gold price in India.
There was stability in buying, especially in the metal space. Shanghai metal had seen a fall for the last few sessions which has witnessed 1 to 2 percent gains today. Iron ore prices seem to be recovering today after a decline for 8 days, the longest losing streak since July 2015. Apart from these, crude oil prices were seen stable after two days of decline.
Watch Manisha Gupta of CNBC-TV18 giving a wrap on commodities market.