China bought U.S. soybeans for the first time in six months after U.S. President Donald Trump and his Chinese counterpart Xi Jinping met on Dec. 1 and set a 90-day negotiating window to resolve their trade differences.
Sugar
Sugar Makers Slide On Record Production Outlook
Gold Silver Reports – Sugar Makers Slide On Record Production Outlook — Shares of leading sugar manufacturers fall after Indian Sugar Mills Association said yesterday that the country’s output of the sweetener might climb to a record this year.
Import Duty on Sugar may be Cut from 40%
Gold Silver Reports — India is considering a cut in import duty on sugar from the current 40% owing to increasing inflation and downward revision of production targets by sugar mills, government officials said. India is the world’s biggest aggregate consumer of the sweetener and often imports the commodity when local output falls, to prevent prices from soaring.
Sugar To Check Price Up
Gold Silver Reports — India Government has decided to allow States to impose and enforce stock limits to check the price rise in sugar.
Sugar Intraday Trading Level 3440-3660
Gold Silver Reports — Turmeric-futures (May) is likely consolidate in the range of 8200-8400 levels with upside getting capped. Spot turmeric prices are decreasing daily due to negligible upcountry demand.