Big jump in soybean meal exports on global demand
Exports of soybean meal have gone up by almost three times between October and February over the last year owing to strong global demand.
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Gold, silver expected to trade sideways to up this week after having slipped as bond yields rose
The precious metals declined during the previous week with rising US bond yield which also boosted buying in dollar.
Gold, silver price falls as bond yields rise; expect more of the same this week from precious metals
Expect bullion prices to trade sideways to up in the coming week with COMEX spot gold having resistance near $1820 per ounce and support at $1760 per ounce.
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India sees robust export demand for its soya meal
The United States Department of Agriculture (USDA) has reduced India’s crop estimate to 90 lakh tonne versus earlier estimate of 114 lakh tonne.
India likely to export 10 MT of non-Basmati rice in 2020-21 season
The country had exported 8 million tonne in 2017-18, the highest export of non-basmati rice so far, B Krishna Rao, president, AIREA, said.