Commodities

Oilseed inventory to hit record high

Government move to raise import duty fails to bear fruit Mumbai, September 14:   India is expected to hold the highest-ever inventory of oilseeds of 1.5-million tonnes in the oil year ending next month. This is despite the government raising import duty to discourage edible oil import and encourage crushing of oilseeds produced within the country. Atul Chaturvedi, President, Adani Wilmar ...

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Canadian dollar hits one-week low as commodity currencies lose ground

The Canadian dollar weakened on Thursday to a one-week low against its U.S. counterpart, tracking losses for other commodity-driven currencies even as oil prices climbed. Losses for currencies such as the Canadian and Australian dollars came as a rare flurry of disappointing data from China suggested the world’s second-largest economy is finally starting to lose some momentum as borrowing costs ...

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TSX May Open Slightly Changed on Mixed Commodities

Canada’s benchmark index looked set to open a little changed on Thursday, with copper and oil prices treading opposite ways. Copper was down by nearly 1% after data out of China, a major industrial metals consumer, revealed that fixed investment (excluding rural households) slowed to a 7.8% year-over-year growth pace in August from 8.3% in July, evidence of slowing momentum ...

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Gold Prices Move Lower as U.S. Dollar Strengthens By Investing.com

Gold prices lose ground after upbeat U.S. economic reports Investing.com – Gold prices moved lower on Thursday, as the release of better than expected U.S. economic reports lent support to the dollar. Comex were down by $5.51 or about 0.38% at $1,322.53 a troy ounce by 08:40 a.m. ET (12:40 GMT). The greenback strengthened after the U.S. Commerce Department said ...

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Crude Oil Prices Ease But Hold on to Gains By Investing.com

© Reuters. Oil prices dip but hold on to gains Investing.com – Oil prices edged lower on Thursday, but held on the most of their gains from the previous session which came after data showing a record drop in gasoline inventories and indications that the oversupplied global market is starting to rebalance. oil was trading at $49.27 a barrel by ...

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