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Sweet dilemma: Balancing sugar and ethanol production amid sugarcane shortages

Sweet dilemma: Balancing sugar and ethanol production amid sugarcane shortages

14 December 2023

On December 7, 2023, the government limited the use of sugarcane juice and sugar syrup for ethanol production in ethanol supply year 2023-24 (November 2023 to October 2024). However, ethanol supply from existing bids received by oil marketing organisations from B heavy molasses, C heavy molasses, and cereals will continue. Background  The sugarcane and sugar …

Weekly Commodity And Currency Technical Report – 20 November 2023

Weekly Commodity And Currency Technical Report – 20 November 2023

20 November 2023

NSE USD INR (Technical): NSE USDINR Nov, as seen in the weekly chart above, has opened the week at 83.3350 levels. On the same of the week price, made a weekly high of 93.3375 levels. Later on, price corrected and reached a weekly low of 83.0175. At the mid session of week, price could not sustain itself at lower levels and rallied …

Weekly Currencies Fundamental Report – 20 November 2023

Weekly Currencies Fundamental Report – 20 November 2023

20 November 2023

USDINR: In the last week, the Indian Rupee traded in a range bound manner as festive activities kept the trading volumes light. Apart from this, the Fitch Ratings on November 6 revised India’s medium-term growth estimate upward by 70 basis points to 6.2 percent from 5.5 percent. Download Report

Weekly Commodities Fundamental Report – 20 November 2023

Weekly Commodities Fundamental Report – 20 November 2023

20 November 2023

Gold: Gold prices showed resilience and posted a notable upward trend during the week, poised for their first weekly gain in three weeks. The surge was propelled by a combination of factors, including investor confidence in the U.S. Federal Reserve’s decision to halt interest rate hikes, leading to a decline in the dollar and Treasury yields. Download Report

Weekly Commodity And Currency Technical Report – 12 November 2023

Weekly Commodity And Currency Technical Report – 12 November 2023

15 November 2023

NSE USD INR (Technical): NSE USDINR Nov, as seen in the weekly chart above, has opened the week gap down to 83.2150 levels. At midday of the week, the price corrected and reached a weekly low of 83.0775. Later on, the price could not sustain itself at lower levels and rallied, reaching a weekly high of …

Weekly Currencies Fundamental Report – 10 November 2023

Weekly Currencies Fundamental Report – 10 November 2023

15 November 2023

USDINR: In the last week, the Indian Rupee traded in a range bound manner as festive activities kept the trading volumes light. Apart from this, the Fitch Ratings on November 6 revised India’s medium-term growth estimate upward by 70 basis points to 6.2 percent from 5.5 percent. Download Report

Weekly Commodities Fundamental Report – 12 November 2023

Weekly Commodities Fundamental Report – 12 November 2023

11 November 2023

Gold: Gold prices experienced a retreat, reaching a two-week low, as the safe-haven rally prompted by Middle East tensions lost momentum. The focus shifted to interest rate cues from Federal Reserve officials, the strengthening dollar further contributed to the retreat across metals. Download Report

Weekly Currencies Fundamental Report – 13 October 2023

Weekly Currencies Fundamental Report – 13 October 2023

16 October 2023

USDINR: Last week, there were all the reasons for Rupee to act volatile and weaken. US treasury yields were on the rise which pulled the US Dollar Index in the northern direction affecting all the currencies in turn. Download Report

Weekly Commodities Fundamental Report – 13 October 2023

Weekly Commodities Fundamental Report – 13 October 2023

16 October 2023

Gold: Gold prices witnessed the strongest week in months, bolstered by diminishing U.S. bond yields that increased the allure of dollar-backed gold, reflecting market sentiments that the Fed’s rate hike cycle might be concluding. Download Report

Monthly Currencies Fundamental Report – October, 2023

Monthly Currencies Fundamental Report – October, 2023

16 October 2023

USDINR: The entire month of Sep’23 saw a positive trend in the Indian Rupee on account of suspected inflows in the system. In a recent discussion, it was mentioned that the Indian government bonds will become part of JPMorgan Chase & Co.’s emerging markets bond index. The inclusion will happen in a staggered manner over 10 …

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