Page 205 - Commodity News

Onion continues burning pockets at Rs 150 per kg, imported supplies arrive

In metros, retail price of onion was ruling at Rs 120 /kg Kolkata, at Rs 102/kg in Delhi and Mumbai and at Rs 80/kg in Chennai, as per the data maintained by the consumer affairs ministry

'Cane is king', say sugar traders as India is set to roil the market again

Sugar output in the country is expected to bounce back in 2020-21

Silver price jumps 8% in two weeks on industrial demand; gold follows suit

Gold-silver ratio indicates more upsurge possible for the white metal

Castor, cumin crops hit in biggest locust swarm attack in North Gujarat

According to farmers in the North Gujarat region, Banaskantha has seen the highest impact of the migratory insect's swarm attack with 25-30 per cent of standing crop being destroyed

Agricultural goods can fetch India additional $97 bn in exports: FAO

While global market for meat and chicken is a whopping USD 20.6 billion, the country's export share is only 4.04 per cent of this

India's rough diamond imports fall sharply in 2019 over liquidity crunch

The overall gross import of rough diamonds between April to November 2019 has shown a decline 17.24 per cent to $8.55 billion from $ 10.34 billion registered during April to November 2018

Pea price doubles in a week as imports grind to a halt over govt curbs

Minimum import price set at Rs 200 a kg, plus 50% duty; entry only through Kolkata port, which would spike transportation costs to other parts of the country

Sharp spike in agro commodities over tepid farm output, high import prices

Threat of poor weather conditions looms. Cold wave and pest attack could damage standing Rabi crops and elevate prices across the board in 2020

Commodity picks: December 23, 2019

Wheat prices in Indore are trading at Rs 2,225 per quintal, Soy oil is trading at Rs 883 per 10 kilograms in the Indore market

Urad prices surge 20% in two months on incessant floods, crop damage

Other pulses follow suit; govt allows imports and release of buffer stock to cool prices

Ferro-alloy industry stares at sizeable job loss as mines shut down

Demand-supply mismatch could further affect domestic steel production

With fresh supplies on the way, the great onion crisis might come to an end

A new onion crop should help ease what has been a catastrophic year for the vegetable in the world's second-most populous nation

Outlook & trading strategies for Copper, Gold by Tradebulls Securities

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst

To control prices, MMTC to import additional 12,500 tn onion from Turkey

The latest contract of onions will begin arriving in India from mid-January onwards

Gold continues to witness muted trend, precious metal closes at Rs 38,792

Silver prices declined by Rs 65 to Rs 45,485 per kg against the previous close of Rs 45,550, HDFC Securities said

Sugar production at 4.58 mn tonne till Dec 15, down 35% from year-ago: ISMA

According to the ISMA, 406 sugar mills were crushing sugarcane as on December 15, as against 473 mills on the year-ago same day.

Indian sugar industry poised to export 5 mn tonne, likely to set new record

Sugar mills in India have done deals to export 2 million tonnes in the new season that began on Oct. 1, 2019

Import of edible oil drops 50% in two months on 5% safeguard duty

The safeguard duty was imposed on August 26 on RBD palmolein, primarily imported from Malaysia

Onion wholesale prices at season's highest as farmers delay harvest

In retail, onion is selling at Rs 120-140 a kg across the country. The wholesale price jump will reflect in the retail price in a week

Post GST, FMCG firms top in consumer complaints for over-charging customers

As per official data, as many as 42 consumer complaints were registered against various FMCG companies with many of them found to be not passing the benefits of lower tax rates