Page 218 - Commodity News

Onion price hits 20-month high despite govt's measures for boosting supply

At Lasalgaon mandi, Asia's largest onion selling market, the onion price jumped Rs 1.50 a kg to Rs 32 a kg, the highest since January last year

Plantation crops unable to cover cost in south amid global competition

With high wage levels in south India compared to other plantation regions, there are questions about the viability of the plantation industry

Commodity picks: September 16, 2019

Prices at Deesa trade at Rs 5,680 per quintal and are expected to be firm in the week ahead

Heavy rains hit soybean, urad crop in Madhya Pradesh

For lakhs of farmers in Madhya Pradesh, the rain in the last few days has washed away hopes of getting a good harvest

Amul plans smaller dairy pack sizes for price-conscious rural market

While the firm has made a dent this large market, its decision stems from the unwillingess of the rural consumer to buy larger packs as the entire quantity is not consumed at once

Banks forced to import gold when available at a 2% discount locally

Allowing banks to do local sourcing of gold that meets the standards will help solve many issues

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

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

UP increases molasses quota for distilleries; sugar mills disappointed

UP sugar mills have long been demanding the state government to abolish the system of reserving molasses for distilleries

Gems & jewellery industry in turmoil as exports fall sharply in August

Gold jewellery exports to the US in August increased 5.58 per cent to $910.87 mn

Iron ore's glory days seen to be numbered as China's demand rolls over

Iron ore's fortunes -- and those of the top miners in Australia and Brazil -- largely turn on the strength and trajectory of demand in China, which buys about 70% of seaborne cargoes

Record gold prices would take sparkle off diamonds: Citigroup analyst

Compared to gold, diamonds are an inferior store of wealth and therefore unlikely to benefit significantly from an investor flight from fiat currencies, the analyst wrote

Edible oil industry shaken on news of oil-for-sugar deal with Indonesia

Units are miffed at the move as there is a lot of idle capacity in the country; sugar industry, on the other hand, has welcomed the development

India hopes to tap $1-billion of jewellery export opportunity to US

US buyers are looking at India favourable as India already exports $10 billion worth jewellery there

UP co-op banks to lend Rs 3,221 cr to sugar mills ahead of crushing season

Estimated working capital needs of the units rises 20% this season, state govt to stand guarantor for loans

IOC, Haldia Petro projects worth Rs 2 trillion may trip on land hurdles

Big ticket projects in Odisha have been hit by land acquisition woes; ArcelorMittal had to mothball its 12-mn-tonne steel mill in 2013 largely due to resistance from locals

Govt to buy apples directly from J&K farmers, transfer money through DBT

The announcement came in the wake of terrorists threatening some apple growers not to sell their produce in the market

How India's jewellers could miss an opportunity thrown up by the trade war

India's gem and jewellery exports fell 11.2 per cent to $2.7 billion in July compared to a year ago

Coal likely to remain in short supply until 2024, CIL tells govt

Coal India also said the deficit may widen to 262.4 million tonne in the current financial year, if the Centre brings in more schemes

Bt cotton regains farmers' confidence, acreage under crop goes up to 93.6%

With this, the insect resistant transgenic crop has regained farmers' confidence which had been shaken three years ago

No consensus on how much oil Iran is still exporting as its tankers go dark

Daily exports could be as little as a couple of hundred thousand barrels, or exceed the 1 million a day shipped during previous sanctions under Trump's predecessor Barack Obama