Commodity

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Date Heading Details
21-May-2018   15:55 Hrs IST Gold futures trade lower on MCX <p align="justify">Gold futures traded lower on MCX, as the dollar went firmer against a bucket of currencies. Further, yellow metal slipped as demand for safe-haven assets eased after US Treasury Secretary Steven Mnuchin said a trade war between China and the United States was 'on hold'. <br></p><p align="justify">The contract for June delivery was trading at Rs 30954.00, down by 0.44 % or Rs 137.00 from its previous closing of Rs 31091.00. The open interest of the contract stood at 4832 lots.<br></p><p align="justify">The contract for August delivery was trading at Rs 31207.00, down by 0.45% or Rs 142.00 from its previous closing of Rs 31349.00. The open interest of the contract stood at 2789 lots on MCX.<br></p>
21-May-2018   15:52 Hrs IST Food grains production dips 15%, output of pulses slips 44% in 2017-18 kharif season <p align="justify"><font face="sans-serif"><span>The Maharashtra's overall production of food grains has dropped 15%, while the output of pulses slipped 44% in 2017-18 kharif season as compared to the previous year. The decline in production was mainly due to long dry spell and uneven rainfall between July and September. Cotton production fell by a steep 39% mainly due to pest attack by the pink bollworm, which devastated the crop across regions. Besides, sugarcane has contributed to a bumper nationwide production with rise of 34% over the previous year.</span></font></p><p align="justify"><font face="sans-serif"><span>As per the data, the production of rice declined by as much as 22% over the previous year. In 2016-17, the state saw a bumper production of tur dal, pushing up pulse production figures. In 2017-18, tur production in the kharif season declined by 49% and moong production by 37% compared to the previous year. Within kharif oilseeds, soya bean production dipped by 15% and groundnut by 11%. Sesamum (sesame is the best-known member of the genus) declined by 48%.</span></font></p><p align="justify"><font face="sans-serif"><span>Further, in the rabi season (winter crop), cereal production saw a 30% decline in 2017-18 compared to the previous year, while the production of pulses dropped by 10%. The state has seen a dramatic rise in sugarcane production, reaching a historic record of over 107 lakh tons. Nationally too, the country has seen a major rise in sugar production. But this has depressed prices and led to sugar mills not being able to clear farmers' dues.</span></font></p><div><br></div>
21-May-2018   15:48 Hrs IST Cardamom futures trade bearish on MCX
21-May-2018   15:06 Hrs IST Crude palm oil futures trade lower on MCX
21-May-2018   14:48 Hrs IST Cotton futures trade higher on rising demand
21-May-2018   14:11 Hrs IST Coriander futures trade lower on muted demand
21-May-2018   14:06 Hrs IST Nickel futures trade tad higher on improved buying
21-May-2018   13:09 Hrs IST Copper futures trade moderately higher on MCX
21-May-2018   12:39 Hrs IST Barley futures trade higher on NCDEX
21-May-2018   12:01 Hrs IST Soybean futures trade higher on better demand

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