Commodity

The government has extended the deadline for duty-free imports of 10 lakh tonnes of raw sugar to December 31. Only 3 lakh tonnes have been imported so far. The extension is aimed at easing a domestic supply shortage.

MARKET MOVEMENTS: --Brent crude oil is down 0.2% to $108.63 a barrel. --European benchmark gas falls 0.5% to 86.94 euros a megawatt-hour. --Copper futures are down 0.7% at $14,350 a metric...

Emergency reserves have run scarily thin, leaving governments with little room for manoeuvre

Major sugar-producing regions, including Brazil, India, and the European Union, struggle with adverse weather impacts from El Niño. Brazil's sugar production is significantly lower due to excessive rainfall affecting harvests at critical times.

Woodside reports stronger third-quarter LNG production and revenue, narrows its 2026 output guidance, and advances major energy projects.

Demand from ethanol distilleries, poultry-feed manufacturers, starch makers and other industrial users has pushed up prices of maize. | Business News

Attacks on tankers and threats to Saudi energy facilities have reignited concerns over supply. Gulf exports, however, are recovering.

Wheat prices have risen by more than 30% since the start of 2026, while freight costs are soaring on key shipping routes. Supply chain disruption and harvest uncertainty are raising concerns over further food price increases

Gold ETFs see 13th straight weekly net inflows as prices hover near $4,200, with $2.3B inflows and $479M redemptions amid market volatility.

Brent crude held near a five-month high as traders weighed the risk of further Iranian attacks in the Strait of Hormuz against accelerating oil flows through the waterway. According to Sina Finance, citing IRNA, Iran's First Vice President Mohammad Reza Aref said Monday that Iran had “no choice” but to control the strait to protect national security. Brent traded above $109 a barrel, near its highest level since May, while the most actively traded WTI futures were around $98. U