Page 217 - Commodity News

Imports of paper & paperboard up 29.5% in Q1; capacity utilisation drops

Higher imports are leading to lower capacity utilisation for domestic manufacturers

Demand for gold, imports nosedive to three-year low post budget

In the first six months (January to June) of this calendar year, India imported 427.8 tonnes of gold at a monthly average of 71.3 tonnes

Sugar industry expects to bounce back after price rise, govt measures

Tamil Nadu mills in the red still, seek financial package and loan relief.

Scarcity, fruitless govt measures to keep onion prices high for a while

The vegetable is currently trading at a three-year high of Rs 40 a kg at the largest Onion mandi in Lasalgaon, Maharashtra

Retail onion prices hit Rs 60 per kg in Mumbai on reduced supply

Onion has become costlier by over 33 per cent in the last one week and over 70 per cent in September so far

Vegetable prices decline by almost 39% on increase in new season harvests

Crop damage following excessive rainfall, however, may restrict steep price fall

Commodity picks: September 23, 2019

Prices at Delhi market is trading Bajra at Rs 1,870 per quintal

Onion shoots up to Rs 70-80 per kg; Centre considers imposing stock limits

Onion prices are on the rise despite several measures taken by the central government to boost supply

Gold refineries suffer after higher import duty slapped on yellow metal

The demand for gold took a major hit in the domestic market after the import duty on the precious metal was raised from 10 per cent to 12.5 per cent, leading to a sharp increase in gold prices

Traders fear ban on exports as onion price jumps to four-year high

Last week's measures to curb prices, such as the levy of MEP and permission for duty-free import failed to curb the price rise

Textile industry hopeful for a cut in GST rate on synthetic fiber

In a meeting held recently with the Union Finance Minister Nirmala Sitharaman, the textile industry had urged for a uniform GST rate for the entire sector

Cotton prices start rising on monsoon-led crop damage, pink bollworm attack

Rising cotton prices are likely to compund the woes of spinning mills, which have been facing weak demand from China and Bangladesh, which buy over 75 per cent of India's cotton yarn

Aluminium producers likely to see pressure on profits, says NALCO chief

Demand for aluminum to remain strong, driven by automobiles, construction and power sectors, says Tapan Kumar Chand.

Icra sees FY20 steel demand growth shrinking to 5-6% from 7.9% in FY19

Industry's total debt/OPBITDA seen at 4.5 times in FY20 vs 3.5 times in FY19

Oil extends losses after Saudi Arabia to restore output by end-September

Brent crude oil futures fell 36 cents, or 0.6 per cent, to $64.19 a barrel, after tumbling 6.5 per cent the previous session.

Sebi seeks RBI help to attract corporate participation on comexes

Market regulators wants apex bank to ask lenders to make hedging of commodity price risk mandatory on domestic exchanges

In a first since 1998, NMDC and GJEPC to auction rough diamonds in Surat

Panna diamonds to be showcased first time ever at Surat International Diatrade Centre; stones weighing 24,000 carat in all, and valued at Rs 25 cr will be displayed between Sept 24-27

Saudi crisis pushes India's fuel prices to highest level since Budget

There are expectations that the largest-ever disruption of crude production in Saudi Arabia may keep oil prices elevated in the near term

India looking to raise oil imports from Russia after Saudi attacks: Pradhan

Saudi Arabia is the world's biggest oil exporter, and the second-largest supplier of crude to India after Iraq

Fitch lowers 2019 zinc price to $2,500 a tonne despite strong fundamentals

Ongoing US-China trade war weighing on prices even as production declines by 1.1% y-o-y in Jan-Jun, while consumption grows by 2.3% in the same period