Page 216 - Commodity News

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

IFFCO reduces retail prices of non-urea fertilisers by up to Rs 50/bag

IFFCO has reduced the maximum retail price of DAP to Rs 1,200 per 50 kg bag from Rs 1,250 a bag

Jewellers stare at subdued Diwali sales as gold prices turn prohibitive

Traders fear a drop of as much as 50% in sales over the previous season; tepid imports also point to poor offtake this time around

Onion prices surge as farmer protests across Maharashtra hit supply

The sharp increase in onion prices prompted the government to levy $850 a tonne of the minimum export price (MEP) on September 15, followed by the ban on its exports and levy of stock limits.

Excess rainfall may have damaged kharif crops, to hit sugarcane output

Next season could see bumper crop, say farmers and industry

Demonetisation lowers sales, raises textile inventories in Q3

Recovery seen in Q4, companies continue focus on enhancing cash flow

Demonetisation brings payments in Surat's diamond industry to grinding halt

Surat is not only the hub of Indian diamond manufacturing; it manufactures 95% of all diamonds processed in the world

Gold and note ban: How black money turned white, then yellow

Gold imports in January-March 2017 were the most since the same quarter of 2013

Commodity picks: October 6, 2019

Chana price in Delhi is expected to move higher towards Rs 4,500- 4,550 from the current price of Rs 4450

Zinc looks to make inroads into solar, fertilizer segment for consumption

Zinc coated (galvanized) steel is the most effective and inexpensive way to protect steel from the corrosive effects of weather, temperature and oxygen

Onion prices down 40% from season's peak on govt action but supplies worsen

Cheer for consumers, grief for farmers and traders. Huge losses for stockists who booked at higher levels on hopes of further price rise

Odisha govt invites bids for 10 iron ore and manganese blocks

The state government has invited both financial and technical bids both in physical and digital formats

Asia onion prices soar to eye-watering levels after India bans exports

Asian consumers have developed a serious dependence on Indian onion supplies for go-to dishes

Castor seed futures in spotlight again as traders, buyers default on NCDEX

Castor seed prices have hit the lower price circuit every day over the past six sessions on the NCDEX

The great onion crisis in India is back to Modi govt's dismay

The onion, whose soaring prices have been blamed for bringing down past governments, puts Prime Minister Narendra Modi in a tight spot

Lead gains 0.7% on spot demand

Global cues pushed the metal higheron the MCX

Commodity picks: September 30, 2019

Cotton seed oil cake prices at the benchmark Akola market are trading at Rs 3,400 per quintal

Sharp rise in tomato prices after Maharashtra rains hit supplies

Rates double in one month on reduced supply; processors stay away from fresh purchase

Iron ore stockpile at mine heads could hurt production post auctions

Inventory at pit-heads of mines lapsing by next March end largely has lower grade fines with Fe content of up to 62%, which has no takers in domestic market