Page 211 - Commodity News

Gold prices unlikely to come down in near future, says SBI advisor

The prices were ruling at around Rs 39,000 per 10 gram on this Dhanteras, as against Rs 32,690 per 10 gram on the same day in 2018.

Govt raises duty drawback rates for gold, silver jewellery exports

The drawback rates have been raised to Rs 372.9 per gram for gold jewellery from Rs 272 per gram, according to a notification of the finance ministry

No dearth of gold demand, but more trust and awareness needed: WGC survey

Gold is the third-most popular investment choice, with 46% of all global retail investors choosing gold products - next only to saving accounts (78%) and life insurance (54%)

Edible oil refining capacity utilisation drops below 50% as imports rise

Small and medium-sized units at risk of complete shutdown as stagnant oilseed production adds to industry's woes

At 73%, India's oil imports from OPEC nations hit lowest since 2011

OPEC's share of India's imports in September was about 81 per cent although total volumes were lower

Odisha falls behind in pace of mineral block auctions, Karnataka leads

Out of the 68 mineral blocks auctioned across India till August 6, only five were up for bidding in Odisha: three iron ore and rest limestone and manganese.

Commodity picks: November 18, 2019

Prices of Guar seed are expected to trade higher towards Rs 4,500 per quintal over the next couple of weeks

Duty drawback rates for gold, silver jewellery exports raised sharply

The move is expected to help genuine exporters who were hit by govt restrictions on the advanced authorisation scheme

As sugarcane crushing gathers steam in UP, focus shifts to crop's price

UP is estimated to produce 45% of India's sugar in 2019-20 cycle

First time since Budget, gold trading at 0.5% premium over landed cost

Gold has been selling at a premium for the first time since the Union Budget for 2019-20, presented on July 5, when import duty on gold was raised to 12.5 per cent

Indian rice prices weaken on low demand; Bulbul damages Bangladesh fields

The Thai government has asked farmers in 22 rice-growing provinces not to grow off-season crops

Need self-sufficiency in high-grade steel; industry must step up: Pradhan

High grade and value-added steel are used in power, defence and automobile which is currently imported

India resumes Malaysian palm oil imports as Kuala Lumpur offers discount

Malaysian palm oil is available at a $5 discount amid congestion at Indonesian ports

Experts see dip in palm oil imports from one-year high as prices jump

The first decline in three months of growing purchases by India, the world's biggest importer, may boost inventories in top producers Indonesia and Malaysia

NCDEX ties up with NSE Indices to launch AGRIDEX, India's first agri index

Leading commodities such as guar seed, guar gum, soybean, chana, mustard seed, and jeera, etc, will be the index's constituents

Prices of copper, other metals slip after Trump's tariff threat to China

While Trump said in a speech that a phase-one trade deal was close, the market focused on his comments about raising tariffs on Chinese goods

Global headwinds, slowing economy shrink Q2 domestic aluminium demand by 6%

In Q1 of FY20, the country's GDP growth touched a six-year low of 5%

Dull gold: Jewellery industry losing sheen for lack of policy, innovations

The lack of a coherent policy and the unwillingness of Indian jewellers to reform are tarnishing the industry

Green vegetable prices double in Mumbai's retail market on impaired supply

Sowing of vegetable seeds was affected because of floods in several agrarian parts of Maharashtra

Gold slips to over three-month low as equities rise on 'risk-on' sentiment

Gold slumped 3.6% last week for its biggest weekly decline in three years on upbeat equities and optimism surrounding the U.S.-China trade deal.