Page 215 - Commodity News

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

Tea consumption growth slowed in 2018 on quality concerns, fewer choices

Average consumption was the highest in Gujarat at 1,385 gram (g) a year per person

Gold rises Rs 75, silver jumps Rs 110 on rise in festive demand

In the previous trade, Gold had closed at Rs 38,870 per 10 grams

Garlic prices surge sharply as rain hits supply; onion bounces back

Garlic prices have more than doubled in the last one month to trade currently at Rs 152.50 a kg in Kolkata wholesale mandi

Frequent disruptions at MCL mines taper stocks of Odisha's power plants

Data from the National Power Portal shows that NTPC's 3000 Mw super thermal power plant (STPS) at Kaniha lacks even a day's stock

Amid soaring tensions, India's tea exports to Pakistan tank over 50%

India's tea exports to Pakistan during January-August 2019 stood at 3.14 million kg, valued at $4.80 million, against 6.17 m kg (worth $9.02 million) during the same period last year

Malaysia to study impact of palm oil import boycott by Indian traders

On Monday, the Solvent Extractors' Association of India (SEAI) asked its members to stop buying palm oil from Malaysia

Commodity picks: October 22, 2019

Increasing pressure due to new crop arrival of soy beans and disparity in meal exports would keep meal prices under pressure

Prices of tomato linked food items may spike 5-10% following crop loss

Tomato prices in some mandis are still high

Commodity outlook by Tradebulls Securities: Buy Natural Gas, sell Copper

Commodity outlook by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls Securities

Jewellers hope to sail through festive season on discounts, demand revival

Discounts and incentives are one attractions jewelleres are offering along with new designs to attract customers to push sales ahead of Diwali

Steel prices fell to three year low; industry awaits demand pick up

Price outlook for steel making raw materials are also on the decline

NCDEX's turnover halved in two weeks over castor seed futures default

Exchange says it's strengthening risk management, seeking feedback

Mining entities in Karnataka expect iron ore prices to drop further

The company is now waiting for state clearances to resume operation

Jewellery exporters seek Rs 6,000-cr tech upgrade fund for working capital

PNB scam, IL&FS default have dried up working capital loans for thousands of MSMEs, which are now struggling to stay afloat

India asks OPEC not to cut oil production; seeks better commercial terms

OPEC nations led by Iraq and Saudi Arabia supply more than 80% of India's oil needs

Veg oil imports set to rise 3% in 2019-19 season after dropping last year

Next year, domestic production is likely to increase on hope of good rabi oilseeds crop, limiting the need for imports

Commodity picks: October 14, 2019

Soy bean prices are expected to head towards Rs 3,650 per quintal from current levels of Rs 3,726 per quintal

Soybean output may decline by over 17% as rains, water-logging damage crops

SOPA had earlier estimated the overall soybean output at 11.48 mt for the kharif harvesting season 2018