Edition:
India

Shreyansi Singh

RPT-Asia Rice-Thai rates slip as demand drops, rains hamper Vietnamese harvest

03 Jul 2020

BENGALURU, July 2 Thai rice export prices fell to the lowest in a month this week as demand sagged, while Vietnamese rates rose as persistent rain continued to hamper the harvest.

PRECIOUS-Gold ekes out gains despite record U.S. jobs growth

02 Jul 2020

July 2 Gold reversed course and edged higher on Thursday as the dollar eased, though the metal traded below an eight-year peak hit in the last session as prospects for economic recovery improved after data showed the U.S. economy created record jobs in June.

Thai rice rates slip as demand drops, rains hamper Vietnamese harvest

02 Jul 2020

Thai rice export prices fell to the lowest in a month this week as demand sagged, while Vietnamese rates rose as persistent rain continued to hamper the harvest.

Asia Rice-Thai rates slip as demand drops, rains hamper Vietnamese harvest

02 Jul 2020

BENGALURU, July 2 Thai rice export prices fell to the lowest in a month this week as demand sagged, while Vietnamese rates rose as persistent rain continued to hamper the harvest.

PRECIOUS-Gold sprints to near 8-year top as virus crisis rages on

01 Jul 2020

* Gold marches towards its third straight monthly rise * Platinum eyes best quarter since Sept 2012 * Silver on track for best quarter since end-2010 * Palladium set for worst quarter since Sept 2011 (Adds comments, updates prices) By Swati Verma and Shreyansi Singh June 30 Gold surged to its highest in nearly 8 years on Tuesday as mounting fears of a resurgence of new coronavirus cases kept safe-haven demand for gold alive, setting the precious metal on path for its biggest quarterly gain since March 2016. Spot gold jumped 0.5% to $1,779.44 per ounce by 2:09 p.m. EDT (1809 GMT). The session high was $1,785.46, its highest since October 2012. U.S. gold futures settled up 1.1% at $1,800.5. Tai Wong, head of base and precious metals derivatives trading at BMO, said commodity trading advisers and algorithms were encouraged as gold headed toward highs of $1,780. "Bulls are delighted with what will almost certainly be a strong close, which provides the basis for a push to $1,800 in short order." Gold, long considered a hedge against inflation and currency debasement, was headed for its third month of gains, driven by stimulus measures to support economies decimated by the pandemic. "The underlying bullish fundamentals in the gold market remain and those include the COVID-19 that is still prompting safe-haven demand, the central bank stimulus that has been record setting," and could cause inflation in the future, said Kitco Metals senior analyst Jim Wyckoff. Some U.S. states have reversed reopenings and closed businesses to combat a spike in cases. U.S. Federal Reserve Chair Jerome Powell on Monday said the outlook for the world's biggest economy was "extraordinarily uncertain". "U.S. yields have continued to grind lower and the result of that is that real rates are printing new lows" which has boosted the precious metal, said Daniel Ghali, commodity strategist at TD Securities. In other metals, platinum rose 1.5% to $817.83 an ounce, but was looking to post its first monthly fall in three and biggest quarterly gain since September 2012. Palladium jumped 1.4% to $1,929.55 per ounce. The metal was set for its fourth monthly decline and worst quarter since September 2011. Silver climbed 1.5% to $18.13 and was on track for its best quarter since end-2010. (Reporting by Shreyansi Singh and Swati Verma in Bengaluru; Editing by Bernadette Baum)

Oil prices set for modest recovery on OPEC+ cuts, improving demand: Reuters poll

30 Jun 2020

Oil prices will consolidate at around $40 a barrel this year, with a recovery gaining steam in the fourth quarter and into 2021 on OPEC-led production cuts and as economies limp back from coronavirus lockdowns, a Reuters poll showed on Tuesday.

POLL-Oil prices set for modest recovery on OPEC+ cuts, improving demand

30 Jun 2020

June 30 Oil prices will consolidate at around $40 a barrel this year, with a recovery gaining steam in the fourth quarter and into 2021 on OPEC-led production cuts and as economies limp back from coronavirus lockdowns, a Reuters poll showed on Tuesday.

Gold steadies near multi-year peak as virus fears mount

29 Jun 2020

Gold prices steadied on Monday, holding close to a near eight-year peak scaled last week, as the accelerating spread of the coronavirus threatened to derail hopes of an economic recovery.

Indian refiners crude processing in May recovers, up 7.3% from April

23 Jun 2020

Indian crude oil processing gathered momentum in May, rising by some 7.3% from April to around 3.87 million barrels per day (bpd) as an easing of restrictions on transport and industrial activity boosted fuel demand.

RPT-Asia Rice-India prices hit over 2-month low on weaker rupee, muted demand

19 Jun 2020

BENGALURU, June 18 Indian export rice prices fell to their lowest in more than two months this week due to a weaker rupee and muted demand, while mounting supplies from an ongoing harvest weighed on Vietnamese rates.

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