Topic
commodity
Commodities Low Ending Stocks Will Likely Force India to Stop Sugar Export, Ethanol Diversion Early Next Season
India's sugar stocks are depleting, with total allocations falling 2.6% year-on-year. The government is probing stock levels and may curb ethanol diversion early next season to ensure adequate domestic supply during festive months.
Commodities Indian Government Limits Sugar Dealers to 400 Tonnes Stock Until November to Curb Hoarding
The Indian government has ordered sugar dealers to hold a maximum stock of 400 tonnes until November 30, requiring liquidation of excess by August 1. The move aims to curb hoarding and speculative trading amid a recent 15% rise in ex-factory prices. The government also banned sugar exports until September 30, while industry bodies project adequate supply.
Commodities Turmeric Prices Surge to Record Highs on Tight Supplies and Deficient Monsoon Rain Fears
Turmeric prices have surged to record highs, with the August NCDEX contract trading at ₹20,518 per quintal, as tight carry-forward stocks and fears of deficient monsoon rain due to El Nino drive bullish sentiment. Industry stakeholders report a hand-to-mouth supply situation and declining inventories, while exports show mixed signals.
Commodities Soybean Crop Outlook Favourable for Kharif 2026, Says SOPA; Sowing Exceeds 111 Lakh Hectares
The Soybean Processors Association of India (SOPA) has termed the overall soybean crop outlook for the kharif 2026 season as favourable, with sowing covering over 111 lakh hectares. The crop is in good condition across major growing states, though localised germination issues were noted in parts of Maharashtra and Rajasthan.
Commodities Godrej Agrovet Unveils India’s First Integrated Oil Palm Complex in Telangana with ₹300 Crore Investment
Godrej Agrovet has inaugurated India's first Integrated Oil Palm Complex in Khammam, Telangana, with a ₹300 crore investment. The complex brings together seed garden, nursery, R&D centre, and mill under one roof, with mill capacity of 30 tonnes per hour expandable to 60 tonnes per hour. The facility aims to boost India's edible oil security and support Telangana's oil palm mission.
Commodities Kerala Hikes Natural Rubber Support Price by ₹50/kg to ₹250 Under Incentive Scheme
The Kerala government has raised the support price of natural rubber to ₹250 per kg under the Rubber Production Incentive Scheme, fulfilling a budget promise. The ₹50 increase, effective from July 3, 2026, aims to support farmers facing rising cultivation costs.
Commodities TNAU Forecasts Small Onion Prices at ₹30-35/kg for Upcoming Harvest Season
The Tamil Nadu Agricultural University's DEMIC has forecast farm-gate prices of ₹30-35 per kg for good-quality small onions during the upcoming harvest season. The forecast is based on 15 years of price data from the Dindigul market and a market survey. Production details, key growing districts, and robust export demand are also highlighted.
Commodities CMA Recommends Heating Oil Protections After Prices Peak 92% Higher in West Midlands
The Competition and Markets Authority (CMA) recommended stronger protections for heating oil customers after prices almost doubled following the US-Israel war with Iran. The plan covers pricing transparency, cancellations, and compensation for 1,700 cancelled orders. West Midlands households, including Jemma McCarron and Nick Weaver, welcomed the proposal amid supply disruptions and soaring costs.
Commodities Sugar Price Surge Unjustified as Stocks Comfortable, Say ISMA and NFCSF After Government Meeting
India's two main sugar bodies, ISMA and NFCSF, have declared the recent surge in domestic sugar prices to ₹44-45 per kg as unjustified, citing comfortable stock levels and ample availability. After meeting with the government, the industry agreed to start crushing earlier in the upcoming 2026-27 season to further boost supplies and curb speculation.
Commodities Urad Prices Surge 20% on Tight Supplies and Rising Rates in Myanmar and Brazil
Urad (black matpe) prices have surged about 20% over the past month, driven by tight supplies, a rebound in demand, and higher rates in Myanmar and Brazil. India's urad output fell in 2025-26, and imports from Myanmar and Brazil dropped sharply. Sowing of kharif urad was 6% lower year-on-year as of July 17, adding to supply fears.
Commodities US sees India emerging as key buyer of its cotton in 2026 as global demand shifts
Gary Adams, President and CEO of the National Cotton Council, stated that India is expected to emerge as a key buyer of US cotton in 2026, driven by lower domestic production and monsoon concerns. The USDA raised India's import estimate to 56.9 lakh bales, while global cotton demand is projected to increase 1.5-2%. Cotton prices on ICE reached a two-month high of over 82 cents per pound, supported by higher crude oil prices and supply uncertainties.
Commodities El Niño Disrupts Pacific Fisheries, Canceling Peru Anchovy Season and Boosting Tuna Catches
The 2026 'super' El Niño is already affecting Pacific fisheries dramatically. Peru has effectively canceled its anchovy fishing season due to warm waters driving fish deeper, while Southern California sees record tuna catches. Seafood prices are rising in local markets, with Peruvian jack mackerel and corvina prices doubling.
Commodities Gold Price Crash Triggers Indian Households to Sell Old Jewellery in Record Numbers
Indian households are rushing to sell old gold jewellery as prices crash from record highs. The India Bullion & Jewellers Association reports a 43% increase in recycled gold volumes in the April-June quarter. Companies like Muthoot Exim and Augmont are expanding their recycling networks to capture the surge.
Business War-Driven Commodity Inflation Will Take Time to Normalise, Says HUL Chairman Nitin Paranjpe
Hindustan Unilever chairman Nitin Paranjpe told shareholders that commodity inflation from the West Asia conflict will persist. HUL has raised prices 2-5% to counter 8-10% cost inflation while leveraging cost efficiency programs. The company is also focusing on quick commerce, AI, and premiumisation under new CEO Priya Nair.
Commodities Tamil Nadu Agricultural University Forecasts Maize Prices at ₹2,400 per Quintal
Farmgate prices of good-quality maize are likely to trade at ₹2,200-2,400 per quintal during the October-November harvest season, according to the Tamil Nadu Agricultural University (TNAU). The forecast, based on 15-year APMC data, aligns with the MSP of ₹2,410. Below-normal monsoon due to El Nino may disrupt production in key states, while demand from animal feed, ethanol, and bioplastics supports prices.
Commodities Gold wavers as investors weigh US strikes on Iran, await Fed minutes
Gold prices fluctuated on Wednesday as fresh US military strikes against Iran boosted oil and the dollar, stoking inflation fears. Investors awaited the release of the Federal Reserve's June meeting minutes for direction on interest rates. Spot gold rose 0.5% to $4,125.59 per ounce after earlier hitting its lowest since July 2.
Commodities OMCs to Break Even on Petrol, Diesel in 7–10 Days as Brent Crude Falls to $72
Global crude oil prices have dropped to four-month lows, with Brent around $72/bbl, offering relief to Indian OMCs that could break even on petrol and diesel within 7–10 days. OPEC+ announced a 188,000 bpd output hike for August, the fifth consecutive monthly increase since the West Asia conflict began. State-run OMCs have absorbed over Rs 75,000 crore in losses in Q1, but lower crude prices and rising supply may enable recovery over 6–12 months.
Commodities Deficit summer rains in South India slash May 2026 tea output by 3.54% year-on-year
India's tea production in May 2026 fell 3.54% year-on-year to 131.60 million kg, driven by a 25% decline in South India due to deficit summer rains. North India saw a marginal increase. Tamil Nadu output dropped 28%, while Kerala fell 16%. The Tea Board data highlights the impact of dry weather on the key growing regions.
Commodities India lifts gas supply restrictions as LNG flow through Strait of Hormuz resumes
The Indian government has withdrawn its March 2026 order regulating natural gas supply, allowing normal LNG imports to resume as Strait of Hormuz reopens after a ceasefire. The emergency measures had prioritised supply for domestic PNG and CNG while reducing fertiliser sector allocations. India, the fourth-largest LNG importer, sources 41.4% of its LNG from Qatar.
Commodities Centre hikes onion procurement price by 13% to ₹2,125/quintal, 5th revision this season
The Indian government has raised the onion procurement price for buffer stock by 13% to ₹2,125 per quintal, effective July 4, 2026. This is the fifth upward revision this season, driven by slow procurement of only about 2,000 tonnes since June 1. Supply remains adequate with robust mandi arrivals, though delayed monsoon and speculative buying are affecting prices.
Commodities Cement prices under pressure in July due to monsoon, weak demand: Centrum report
Cement prices are expected to remain flat in July 2026 as the monsoon season and weak underlying demand continue to pressure the sector, according to a Centrum report. Demand in Q1 FY27 was below expectations due to subdued construction activity, labour shortages, elections, heatwaves, and slower government project execution. Dealers do not anticipate any significant price hikes in the near term.
Commodities Orthodox Tea Prices Edge Up at Coonoor Auctions as West Asia Truce Boosts Demand
Tea prices were marginally up at Coonoor auctions last week, driven by improved demand for orthodox varieties following the normalisation of issues in West Asia after a recent truce. Sales volumes were robust, with leaf categories seeing 95% of offered quantity sold, while dust achieved 92%. Price movements varied by grade, with orthodox primary whole leaf and brokens dearer by ₹4–5 per kg.
Commodities El Nino Threatens India's Sugarcane Production, Weakening Monsoon Adds Risk
A developing El Nino weather pattern could weaken India's monsoon and weigh on sugarcane production. Industry experts warn output could drop to 390 million tonnes if July-August rainfall disappoints, tightening sugar supplies.
Commodities Gold ETF Inflows Turn Positive After Five Weeks of Continuous Outflows
Inflows into physically-backed gold ETFs turned positive last week after five weeks of continuous exit, with net investments of $3.15 billion against outflows of $2.01 billion. The inflows were led by the US, UK, Germany, Switzerland and France. Gold prices topped $4,300 an ounce mid-week before falling on a hawkish Fed signal.
Commodities India’s Wheat Procurement Surpasses 35.5 Mt Target, Up 19% Year-on-Year
The Indian government's wheat procurement has exceeded its revised target of 35.54 million tonnes, reaching 35.76 million tonnes as of June 21, a 19% increase from the same period last year. Nearly 68% of the procured wheat was under relaxed quality specifications. Central Pool stocks stood at 53.41 million tonnes as of June 1, the highest since 2021.
Commodities First Urea Vessel for India Sails via Hormuz, Set to Reach East Coast in 7-9 Days
The first of 16 stranded fertilizer vessels has begun sailing via the Strait of Hormuz and is expected to reach an Indian east coast port in 7-9 days. Industry sources said 7 more urea ships will depart in the coming days, with all 3 lakh tonnes of imported urea likely to arrive by July 15. Meanwhile, new tender rates have dropped sharply, with NFL's June 8 bids at $449/tonne west coast and $445/tonne east coast, far below April's $935/tonne.
Commodities Strait of Hormuz oil flows may recover to only 70% after war: Goldman Sachs
Goldman Sachs analysts predict that oil flows through the Strait of Hormuz may recover to only about 70% of pre-war levels, even after the US-Iran deal reopens the waterway. Regional producers like Saudi Arabia, UAE, and Iraq have increased reliance on alternative pipelines, and the UAE is pursuing a plan to eliminate Hormuz dependency entirely.
Commodities India Soyabean Acreage Seen Rising Up to 10% on High Prices, Weak Monsoon Outlook
India's soyabean acreage is expected to rise by up to 10% in 2026, from 12 million hectares in 2025, driven by four-year-high prices and a forecast of below-normal monsoon rainfall due to El Nino. Farmers are shifting from water-intensive crops like sugarcane and corn. Higher output could help curb edible oil imports and ease domestic soyabean and soyameal prices.
Commodities Blenders and Upcountry Buyers Drive Tea Prices Higher at Coonoor Auctions
Tea prices at Coonoor auctions rose by Rs2 per kg on average, driven by brisk demand from blenders and upcountry buyers. Lower offerings supported the uptick, with CTC leaf and orthodox grades showing varied price movements.
Commodities Gold, Silver Prices Face Bearish Pressure on MCX; Resistance Levels in Focus
MCX gold and silver prices are trading with a bearish bias on June 11, 2026, according to Abhilash Koikkara of Nuvama Professional Clients Group. Gold has a downside target of 140,000 with resistance at 152,000, while silver targets 225,000 with resistance at 240,000. Traders are advised to adopt a sell-on-rise approach amid weak market sentiment.
Commodities Gold and Silver Outlook: Central Bank Meetings, US-Iran Deal, and Crude Oil in Focus
Gold and silver prices are expected to remain range-bound as traders watch central bank meetings (Bank of Japan, Fed, Bank of England), US-Iran deal developments, and crude oil movements. Domestic gold futures on MCX fell 3.2% to around Rs 1.50 lakh/10g, while Comex gold dropped nearly 3% to $4,238.8/oz. Analysts note volatility from US-Iran uncertainty, with safe-haven buying after reports of no imminent military action.