Page 206 - Commodity News

Commodity picks: December 16, 2019

Chana prices are expected to move higher on the back of delayed crop and weather risk supporting the sentiments

Gold dealers sell at discount over poor wedding demand, ample supply

The Chinese festival is also expected to improve demand in Singapore, with many retailers offering promotions for bullion, Silver Bullion sales manager Vincent Tie said.

Copper producers want waiver of 2.5% import duty on concentrates

China, Japan, Korea, European Union (EU) are already importing copper concentrate at zero duty

UP paddy procurement up 40% to 2.75 mn tonnes so far this Kharif season

State is targetting procurement of 5 mn tonnes of the crop by Feb 2020

To clear surplus stock, India exported 3.7 mn tonne sugar in 2018-19

Union minister Danve Raosaheb Dadarao said sugar mills were advised to export sugar as per their MIEQ (Minimum Indicative Export Quota) allocation

Commodity outlook by Tradebulls Securities: Buy lead, natural gas

Commodities outlook and stock recommendation by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

Jewellery demand rises ahead of expected GST hike as gold prices moderate

India's jewellery demand has remained subdued this year because of the sharp increase in gold prices

Kashmir saffron plan failing to revive crop

One kg (2.2 lb) of Kashmiri saffron fetches around Rs 50,000 ($2,188) on domestic and international markets

Saffron production to fall 68% to 9.12 tonne due to J&K dry spell

The demand for Indian saffron has increased in the global market due to presence of high quality active components like Crocine, Picrocrocine and Safranal

Surat ready to shine with global diamond exchange in 3 years

Contract finally given for Rs 2,400-cr project, with GIFT City-like features

Onion shortage: Here's why farmers gained little from record price rise

Farmers across the country have suffered a double whammy this year - first, their crop from last season was spoilt by floods, and then onion yield also dropped due to moisture in fields

Gold firms ahead of Dec 15 US tariffs deadline and central bank decisions

US President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion worth of Chinese goods, scheduled to take effect on Sunday

Onion prices hit two-year highs on reduced supply

Unseasonal rainfalls in October damage crop in Karnataka and Maharashtra, delay new season harvests

Onion shortage: Prices may halve in two weeks on increased new arrivals

Prices in Lasalgaon mandi down to Rs 41/kg from Rs 71/kg last Saturday

Onion prices come down in Tamil Nadu after 30 tonnes import from Egypt

The import has brought down prices to Rs 100 per kg at the Tiruchi wholesale market, which caters to five districts around it

Delayed sowing, decrease in crop area behind onion price spike, says Centre

Danve said: "During 2019-20, there was a 3-4 weeks delay in sowing as well as the decline in sown area of the Kharif onion because of the late arrival of monsoon."

Onion shortage: Average price high at Rs 100 a kg, hits Rs 165 in Panaji

Onion prices started to climb from September and have averaged over Rs 100 per kg since November 25

Silver futures rise Rs 71 to Rs 43,509 per kg on firm global cues

Analysts said widening of positions by traders in sync with a firm trend overseas for precious metals mainly influenced silver prices

Gold's impressive performance in 2019 may spill into the new decade

Spot gold -- which last traded at about $1,461 an ounce -- is up 14 per cent this year

Edible oil gets costlier due to kharif crop damage, global price rise

Floods in key producing regions resulted in major damage to standing kharif soybean crop