Commodity focus

Silver prices remained weak due to a stronger dollar (relative to the euro). Industrial demand also remained subdued. Spurred by investment demand, silver holdings of iShares Silver Trust, the largest exchange traded fund backed by the metal, increased to 9,829.15 tonnes, on 5th December. Traders and speculators are betting on a weaker dollar as policymakers in United States race against...

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MCX price trends

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Commodity trends

Sugar

As on 30th November, sugar production in the country was 2.33 million tonnes compared with 2.39 million tonnes produced during the same period last year. Production has been lower mainly on account of late production in Uttar Pradesh, a major producing state. Sugar mills in UP started production very late as they were still awaiting announcement of cane price by the state...
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