The federal government’s determination to hike customs obligation on crude palm and refined sunflower oil to twenty per cent and 32.5 per cent, respectively will “vastly” profit farmers as it’ll improve their revenue, a senior official mentioned on Saturday. The federal government official additionally mentioned that the choice to take away minimal export worth and … Read more
Indian refiners continued their buy momentum for medium bitter grades from its two largest buying and selling companions, Russia and Iraq, throughout Might 2024 as crude oil flows from one other prime provider, Saudi Arabia, declined resulting from increased costs. Analysts and commerce sources indicated that worth arbitrage favours Russia in opposition to Saudi Arabia … Read more
Essentially, weak demand is predicted to weigh on the costs. However, the charts too are bearish and there are not any indicators of a bullish reversal but. In reality, worth motion hints at additional draw back. Portfolio Podcast | What’s the purpose behind the bottom metals sell-off in latest occasions Portfolio Podcast | What’s the … Read more