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The global sugar market is likely to see a surge in prices in 2024 driven by an unusual dry spell in sugar-producing regions like India and Thailand. The dry spell is a knockdown effect of the climate pattern known as El Niño and is marked by above-average temperatures. Driven by warm ocean waters in the tropical Pacific, El Niño has caused extreme weather globally, leading to abnormally dry conditions in Asia and impacting sugar production. This effect leads some to say that El Niño has a “swee
MCX Gold has returned higher returns than Comex gold, when it came to peer-to-peer comparison, said Anuj Gupta, Head Commodity & Currency, HDFC Securities informed. On the YTD basis, the net gains by MCX gold is 13.55% while those by Comex are slightly lower at 11.70%. Yellow metal futures on MCX hit the lifetime high Rs 64,063 in 2023 while testing this year's low of Rs 54,771. This translates into Rs 9,200 price range that it has traversed.
By Tony Obiechina, Abuja The Federal Government's aspiration to grow the nation's economy by a trillion dollars and $3 trillion within a decade respectively has found expression and allies in the nation's capital market community. President Bola Ahmed Tinubu had told the business community who gathered at the Nigerian Economic Summit in October that Nigeria's
A Bloomberg gauge of the dollar tumbled as much as 1.3 percent on Tuesday, the largest such drop since November 2022. It stayed close to the previous day’s close on Wednesday, helping propel the won and ringgit to the top of Asia’s currency rankings.