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Investment funds cut wheat long positions in week to May 29

Investment funds cut wheat long positions in week to May 29

Investment funds reduced net long positions in Euronext milling wheat futures and options during the week ending May 29, according to Euronext data.
European natural gas prices slip after Israel, Lebanon agree to fragile ceasefire

European natural gas prices slip after Israel, Lebanon agree to fragile ceasefire

European natural gas prices declined significantly on Thursday, following a retreat in crude costs, as a fragile ceasefire between Israel and Lebanon eased Middle East tensions.
Livestock industry demands 1.5 million tonnes soymeal imports amid price surge

Livestock industry demands 1.5 million tonnes soymeal imports amid price surge

India's livestock industry seeks 1.5 million tonnes of soymeal imports due to a 45% price surge and 16% domestic production decline, impacting farmers. The processing industry opposes it.
Cold storages struggle as Gulf cargo lands in India

Cold storages struggle as Gulf cargo lands in India

Indian cold storages overflow with Gulf-bound perishables like avocados and dry fruits, diverted due to shipping turmoil. This disrupts Indian exports, cold storage operations, and domestic consumption, exacerbated by rising fuel costs.
Kuwait may expand oil storage overseas after Gulf conflict

Kuwait may expand oil storage overseas after Gulf conflict

Kuwait is exploring options to increase its oil storage capacity in foreign countries following disruptions through the Strait of Hormuz caused by conflict in the Persian Gulf.
Russia’s oil and gas revenue climbs 32% in May on price rally

Russia’s oil and gas revenue climbs 32% in May on price rally

Russia's oil and gas revenue surged 32.4% year-on-year in May, reaching 678.9 billion roubles ($9.3 billion). This increase was driven by a global oil price rally amidst ongoing conflict.
US crude oil inventories drop 8 million barrels, EIA reports

US crude oil inventories drop 8 million barrels, EIA reports

US crude oil inventories fell by 8 million barrels to 433.7 million barrels by May 29, surpassing analyst forecasts of a 4 million-barrel reduction, the EIA reported.
Pune East Growth Corridor Adds New Education Hub

Pune East Growth Corridor Adds New Education Hub

Pune's eastern growth corridor adds a new K-12 education campus, addressing demand for quality schooling amidst rapid urbanization, housing projects, and population growth. This reflects a focus on social infrastructure for sustainable city building.
Pune IT Corridor Faces Growing Mobility Strain

Pune IT Corridor Faces Growing Mobility Strain

Pune's Hinjawadi IT corridor faces chronic traffic congestion, threatening economic competitiveness, investment, and productivity. Unresolved mobility strain from rapid urban expansion demands faster infrastructure interventions.
Kolkata Port Push Returns To Policy Spotlight

Kolkata Port Push Returns To Policy Spotlight

West Bengal's long-delayed Tajpur deep sea port project sees renewed policy attention. Discussions with a major operator signal potential revival, aiming to modernize eastern India's logistics despite past hurdles and environmental challenges.

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