Page 200 - Commodity News

India to harvest record wheat production of 106.21 MT in 2019-20: Report

Wheat is the main rabi crop, harvesting of which will begin from next month

Gold up Rs 239 to Rs 41,865 per 10 gram on global cues, rupee depreciation

Silver prices also jumped Rs 296 to Rs 47,584 per kg from Rs 47,288 per kg on Monday

Coronavirus effect: Shrimp exports to decline on weakening global demand

Domestic production is estimated at over 1 million tonnes. Its sizeable shrimp consumption makes China a key price-mover in the global markets

Silver demand and import in India decline, but price outlook bullish

India's demand has been muted especially since import duty was raised to 12.5 per cent last July

Sebi board allows non-bank custodians to manage gold products

The board decided to bring amendments to the SEBI (Mutual Funds) Regulations, 1996, in this regard

Commodity Picks: 17 February, 2020

Mustard seed prices are expected to trade with a downward bias in the coming days

Gold prices climb Rs 75 to Rs 41,481 per 10 grams, silver gains Rs 147

"Spot gold of 24 karat in Delhi was trading up by Rs 75 with rupee depreciation," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

Coronavirus outbreak: Exporters of jewellery seek 6-mth extension

Lenders have Rs 40,000 crore of cumulative exposure to the sector

Jewellery industry urges govt to cut import duty on gold, polished diamonds

Agrawal also announced that GJEPC is coming up with a new show in Jaipur in Rajasthan -- India Gem and Jewellery Show -- to be held from April 1-3, especially for international buyers.'

After steep hike, milk prices likely to stabilise in 2021: Crisil

The flush season that usually begins in November-December is estimated to have shifted by 1-2 months because of the delayed monsoon.

Roses to become pricier by 20-25% as demand rises ahead of Valentine's Day

Demand has also jumped from abroad, including the European Union and America

Jewellery business stares at prolonged slowdown, exports down by 9.17%

Cut and polished diamond exports fell 5.67 per cent in January 2020 to $1.65 billion. In the first 10 months of this fiscal year, it was down 16.8 per cent to $16.32 billion.

Metals prices outlook revised downward as China battles coronavirus

Prices of agricultural produce, metals, energy and industrial raw materials have fallen 5 per cent to 20 per cent in the last two weeks.

Commodity picks: 10 February, 2020

Huge stocks with NAFED and aggressive selling by the agency coupled with upcoming new crop arrival to keep prices under pressure

Millennials choose low-value designer silver jewellery this Valentine's Day

Gold jewellery sales plunge on unaffordable high bullion price

Coronavirus outbreak to hit India's cumin, sesame, groundnut oil exports

Chinese markets typically remain closed in January for Chinese New Year. This year, however, markets are yet to reopen amid precautionary measures in in view of the outbreak of coronavirus from Wuhan

Dairy sector hopes to attract Rs 60,000 cr, create 10 mn jobs over 5 years

FM had announced a target of doubling the annual milk processing capacity to 106 MT, from the existing 53 MT in five years

Farmers may soon start trading electronic warehousing receipts on e-NAM

The receipt will get the cultivator the best price for his produce. He can also obtain finance against it

Copper, paperboard, RBD imports to decline on stringent 'rules of origin'

In Budget 2020, FM emphasised the need to strengthen 'rules of origin' under the FTA to curb import from non-producing (trading) countries

India's January gold imports plunge 48% to four-month low: Report

The world's second-biggest buyer of gold imported 36.26 tonnes in January, compared with 69.51 tonnes a year earlier, the source said on condition of anonymity