According to Geojit, Madhya Pradesh is preparing to spend 11.6 bln rupees under the price support scheme to procure kharif pulses--tur, urad, and moong--harvested in 2020-21 (Jul-Jun), a state government official said.

With hopes of another round of stimulus measures flying out of the window, the US needs more economic activity to get demand flowing.

Traders are also concerned about the flood-like situation that can damage the crop, which is harvested from October to February, in various parts of India.

According to Geojit, Rubber prices rose nearly 10% over the past three-four weeks and hit a record high of 140 rupees a kg due to pent-up demand after easing of the pandemic induced lockdowns amid a supply crunch.

U.S. West Texas Intermediate (WTI) crude futures fell 20 cents, or 0.5%, to $37.85 a barrel at 0056 GMT, after climbing 3.5% on Wednesday.

In its monthly forecast, the agency cut its oil demand growth estimate for 2021 by 490,000 bpd to 6.53 million bpd.

Gold may remain choppy but buying may emerge at lower levels amid increasing global uncertainty and also as Fed’s dovish stance may limit upside in US dollar.

Fed#39;s dovish stance may also limit any major upside in the US dollar.

According to Geojit, Global consumption of edible oils is expected to fall 30-40% in 2020 because of coronavirus lockdowns, said Dominic Xavier, Middle East and North Africa region head at Sime Darby Oils.