Page 219 - Commodity News

Sugar prices have slumped to lowest in 11 months and the world blames India

Bullish sentiment has been eroded by a raft of exports from India that Brazil, the top producer, calls 'unsustainable'

Commodity picks: 9 September, 2019

Guar seed prices in Jodhpur are trading at Rs 4,160 per quintal

Short-term correction for gold, silver after a continuous rally

In global markets, both precious metals continued downward spiral

Commodity outlook by Tradebulls Securities: Buy Crude oil, Copper

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

Monsoon revival pulls down farm commodity prices, kharif recovery seen

India has witnessed a record food grain output with an overall growth of 15 per cent in the past three years

Silver opens above Rs 50,000 a kg in Mumbai, gold at Rs 39,000-plus

Demand is drying up at these price levels as consumers wait for correction before they buy

Indian exporters fret as shipment value to troubled Hong Kong dips 6.6%

A drop in the number of people attending a key trade fair in Hong Kong later this month following advisories against travel to the city could further weaken India's exports, experts say

Time to hike share of gold in portfolio to at least 15%: Advisors

Today, gold needn't be held physically; which makes it truly an investment product that comes without the associate sentimental attachment

Fitch Solutions lowers 2019 global steel price forecast to $600 a tonne

In the long term, Fitch Solutions maintains its view that prices will ease and embark on a multi-year declining track

India's seizures of smuggled gold jumps in June quarter: Official

The illegal trade could rise further in coming months as India, the world's second biggest gold consumer, raised an import tax on gold by 2.5 percentage points to 12.5% in July's federal budget

Cement demand growth may nearly halve to 7% in FY20 on weak Q1 offtake

The bright side is that manufacturers could also benefit as average prices in FY20 are likely to be better than FY19, while costs are likely to be lower

India dumping its extra sugar may drag down already low global prices

Even though world inventories are forecast to drop, the excess hoard is still big enough to satisfy annual consumption in India and the European Union, the top consumers

Commodity picks: 2 September 2019

Mustard seed prices at the Jaipur spot markets are trading at Rs 4,183 per quintal

Higher gold prices keep the shine intact for major gold financiers

The average gold price in the September 2019 quarter, so far, is now up 11.5% from the June quarter

Cotton spinners bleed on falling realisation, several MSMEs shut shop

Pressure exacerbated by increasing labour costs, interest on working capital, land, plant and machinery

Customs department seizes 23% more illegal consignments of gold in Q1

Experts cite higher import duty as reason for rise in smuggling

Commodity outlook and top two trading ideas by Tradebulls Securities

The yield curve between US two-year and 10-year has widened, signaling that recession may come in 12 to 18 months.

Agri prices to rise by 10-12% in 2019 on lower kharif crop output estimates

Crisil Research forecast kharif crop output to decline 3-5% on uneven distribution of rainfalls

High price of gold poses systemic risk for jewellers who avail loan

Jewellers practising ethical business are needed to buy gold as underlying on the day they receive a monthly share of jewellery deposit

Silver catching up with gold rally, price spike sharply in global market

After consolidating for a few days, gold and silver prices spiked yesterday on fears that inverse short- and long-term bond yields in the United States will lead to recession