Page 214 - Commodity News

Gold demand dips 32% to 123.9 tonnes in Q3 on price rise, slowdown: Report

In domestic market, gold prices had peaked to Rs 39,011 per 10 grams in September and are now ruling at Rs 38,800 per 10 gram.

October gold imports dip 33% as near-record high prices lower sales: Report

New Delhi imported 38 tonnes of gold in October, down 33% from 57 tonnes a year ago

Continuous MSP hike, oversupply in world market dent India's farm exports

Between FY13 and FY19, the government of India raised MSP of various agricultural commodities by 40-70 per cent

Onion set to bring tears to consumer as retail price nears Rs 100 a kg

Vegetables surges by 10% to trade at Rs 55.5 a kg in Lasalgaon mandi. It is being sold for Rs 70-80 in retail across the country

Wedding-season demand: Gold prices rise Rs 78 per 10 g, silver Rs 245 a kg

In the international market, both gold and silver prices were quoting lower at USD 1,509 per ounce and USD 18.08 an ounce.

Commodity picks: November 4, 2019

Moong Dal Prices in the spot market are expected to move higher from Rs 6,500 to Rs 6,600 per quintal in Merta city

Setback to sugar mills as UP hikes molasses quota for country liquor to 18%

Sugar millers claim quota hit their revenues, delayed payment to cane farmers

Traders sceptical of govt steps as onion, tomato prices hit season's highs

This is largely because the surge in recent weeks is due to the rains in Maharashtra, which could impact kharif harvest if they continue unabated

Gold investments fall to 7 tonnes in Q3CY19 in worst-ever quarterly offtake

Buyers shy away ahead of festive season as the precious metal trades at prohibitive prices; Karigars forced out of work

Poultry sector opposes bilateral treaty with US amid fears of cheap imports

Sources said that talks between India and the US are in an advanced stage, which would force India to cut import duty to 30 per cent from the existing 100 per cent on chicken import from US

Floods in some parts, state polls delay sugarcane crushing by over 2 weeks

Crushing operations now expected to start only after November 15 in Maharashtra and Uttar Pradesh

Changing consumer preferences bleed cotton mills, cheer polyester makers

Texprocil data shows 38.8% YoY dip in India's cotton yarn exports, at $1.28 bn in Q2; tepid domestic demand and rural stress add to woes

Tea Board mulls using blockchain to free Indian tea from adulteration

Plans are to trace the movement tea across the supply chain, from plantation to sale

Silver expected to outperform gold in new year, price likely to rise 14%

In India, silver has been a preferred asset for traders and stockists

Gold rallies Rs 220 to Rs 39,240 per 10 gram in Delhi-NCR on Dhanteras

Silver also witnessed buying as it rose Rs 670 to Rs 47,680 per kg from Rs 47,010 per kg in the previous trade

Decline in steel price to lift profit margins of pipe manufacturers

A report from Edelweiss Research suggests 20-25% decline in the prices of hot rolled coil (HRC) and steel raw materials

Advance orders for delivery add sparkle to jewellery sales this Dhanteras

Most jewellers have also posted a sharp increase in lightweight gold jewellery sales for gifting and diamond ornaments for wedding and self-consumption

Slowdown impact: Gold, silver sales down by up to 40% this Dhanteras

Dhanteras was a muted affair in most markets across the country with traders complaining of lesser footfall and reduced consumer spending

GJEPC sees gems & jewellery exports falling 7% in FY20 on high gold prices

As per the Gems and Jewellery Export Promotion Council (GJEPC), net exports of the sector declined 5.32 per cent to $30.96 billion in FY19

India may look to export diesel: Here's why it isn't good news for economy

Five straight quarters of slowing growth is taking an increasing toll on demand, resulting in diesel consumption slumping to the lowest since the start of 2017