Pick of BL commodities - December 7, 2025
Last week, the World Gold Council had two interesting developments to provide. One, it said central banks around the world bought more gold in October despite the precious metal prices soaring to a record high. Two, in its Gold Outlook 2026, it said any slowdown in Indias economy could be bearish for the yellow metal as customers could sell pledged gold. The European Union is preparing to curb rice imports from India and other Asian countries through a new safeguard mechanism. Indian exporters have signed deals for about 100,000 tonne of sugar. South India is making up for the shortfall in the Food Corporation of Indias rice procurement for buffer stocks in North India. Some 50% of Indian farmers took advantage of AI-based weather alerts to change their sowing decisions.
25 C
