Gold prices have shown strong resistance at USD1870 /oz level. This week, we project the initial range will be contained from USD1820 – USD1870 /oz range. The eventual direction of the yellow metal wi…
Agriculture
Weekly Rubber Report – 25 Jan 2021
Market Fundamentals: Commodity rubber were stagnant with bearish bias last week while U.S. Presidential handover was taking place. Dollar Index (USDX) although is showing sign of exhaustion, has maint…
Commodity Market Report – 11 Jan 2021
Gold prices had a huge plunge on Friday and closed at USD1848 /oz. This week, we expect the trend to dip and attempt USD1800 /oz before bargain hunting steps into the market. The overall range will be…
Weekly Rubber Report – 11 Jan 2021
Market Fundamentals: Over the year-end of 2020, Dollar Index (USDX) has submerged below 90.00 benchmarks but returned above this level on Friday’s closing. Rubber has been resilient in price recovery …
Nepali gov’t decides to open agriculture sector for FDI with certain restrictions, official says
The Nepali government has decided to allow foreign direct investment (FDI) in the primary agriculture production with certain restrictions, an official of Nepal’s Ministry of Industry, Commerce …
Nepal, World Bank sign Rs 9.3 billion project to bolster agriculture
The Government of Nepal and the World Bank have signed a $80 million (around NPR 9.3 billion) project to bolster Nepal’s agriculture sector by strengthening rural market linkages and promoting entrepr…
Commodity Market Report – 21 Dec 2020
Gold prices traded higher as Dollar softened last week. This week, we reckon the resistance will emerge at USD1900 /oz area. The overall range will be contained from USD1840 – USD1900 /oz while trader…
Weekly Rubber Report – 21 Dec 2020
Market Fundamentals: Rubber prices traded higher last week as Dollar Index (USDX) weakened below 90.00 benchmarks. WTI Crude prices recover to near USD50.00 /barrel level that was last seen in Februar…
Politics, not science, key to easing EU palm oil restrictions, says expert
Politics is the key to overcoming the European Union’s (EU) continued opposition to palm oil not scientific facts. Speaking at the virtual Future-Proofed Palm Oil forum, Khalil Manaf Hegarty, director…
Commodity Market Report – 14 Dec 2020
Gold prices will depend on the FOMC meeting outcome on deciding the fiscal stimulus in the coming week. Technically, we reckon the market will hover at USD1810 /oz region when there is no direction on…