Market Fundamentals: Rubber prices traded sideways last week after falling off 3-year highs. Dollar Index (USDX) dived from 94.00 level and closed at 92.25 on Friday. Investors are still waiting anxio…
Agriculture
Bangladesh to cultivate more biofortified crops
Bangladesh has initiated to increase the production of bio-fortified crops aiming to reduce nutrient deficiencies of the people. Industries minister Nurul Majid Mahmud Humayun told a virtual global su…
World Bank approves $80 Million project to boost Nepal’s agriculture
The World Bank has approved a project worth US dollars 80 million (equivalent to Rs 9.44 billion) today to bolster Nepal’s agriculture sector by strengthening rural market linkages and promoting entre…
ASEAN countries to be the next most demanding dairy consumers
Global research undertaken by agribusiness specialist Rabobank predicts Australia’s closest and most populated neighbours are going to be this decade’s hungriest consumers of milk. According to Raboba…
Commodity Market Report – 26 Oct 2020
Gold prices have exhibited a bearish outlook on Friday closing. The trend has temporary support at USD1880 /oz which will open to lower grounds if this level gives way to the selling forces. Topside r…
Weekly Rubber Report – 19 Oct 2020
Market Fundamentals: Rubber commodity surged last week due to constrained supply from declining tapping activity. Meanwhile, the huge global demand for Natural Rubber for medical gloves in medical and…
Commodity Market Report – 19 Oct 2020
Gold prices has been resilient at USD1920 /oz while revealing some selling forces on Friday. This week, we foresee the trend will be contained from USD1880 – USD1920 /oz initially. Beware of breakdown…
Weekly Rubber Report – 19 Oct 2020
Market Fundamentals: Crude prices have bene firming slightly and help to lift the demand for Rubber prices for past weeks. Trade war has simmered down as market focus deviates to the U.S. election on …
Commodity Market Report – 12 Oct 2020
Gold prices reversed up towards weekend. This week, the market sentiment will be firm and likely to trade from USD1900 – USD1960 /oz as Dollar wanes. In overall, we expect the trend to be mixed but am…
Weekly Rubber Report – 12 Oct 2020
Market Fundamentals: Rubber prices soared last week in both TOCOM and SICOM simultaneously following advancing Crude prices. Meanwhile, the weakening Dollar has helped to lift commodity prices. Howeve…