Page 222 - Commodity News

Gold demand rose 14% in Apr-Jun, outlook for next to quarters weak: GFMS

Price might fall sharply if the US Fed does not reduce rate and policy remains unchanged for too long

Govt fixes export quota of 10,000 tonne of sugar to EU at concessional rate

By availing the CXL concession on export to the EU, traders can export sugar at relatively low or zero customs duty

Beyond ornaments and investment, gold can be a shiny affair in industry too

This article explores opportunities in industrial use of gold to potentially add more high-skilled jobs, increase contribution to international trade and increase value addition to economy as a whole

Commodity picks: 22 July, 2019

Soybean at the benchmark Indore markets are trading at Rs 3,671 per quintal

Gold trading at huge discount as prices hit record high, cross Rs 35k mark

2019 has been one of the best years for gold investors as the metal has delivered returns of 12.5 per cent so far

EU traders flag falling no. of Indian shrimp exporters after strict tests

EU has stringent norms on accepting consignments has deterred Indian suppliers.

Don't see major rise in oil prices due to slowing demand, market glut: IEA

IEA's Fatih Birol also said that electric vehicles are not expected to make a dent on crude demand in India and elsewhere

Gold soars to 6-year-high to $1,450 on US Fed rate cut hint, Iran tensions

The metal has gained nearly 2% so far this week, on track for a second consecutive weekly gain

Govt to offer cattle, advanced biogas plants, poultry to boost rural income

Pilot project in Gujarat to be replicated across India

Aluminium makers expect prices to pick up even as supplies stabilise

According to World Bank commodities report, aluminium prices on the LME will average at $1,940 per tonne in calendar 2019

Jewellery exports in June decline 16% YoY on slow demand from China, Gulf

Experts say weak trend likely to continue, annual gems and jewellery exports seen dipping by as much as 15%

Gold prices fall Rs 100 on profit-booking and subdued global trend

Tracking gold, silver also fell by Rs 25 to Rs 39,175 per kg on reduced offtake by industrial units and coin makers

Basmati price down 12% on higher acreage, no fresh payments from Iran

Fair average quality variety cost Rs 72 a kg in Delhi wholesale market now, from Rs 82 a month ago

Commodity outlook by Tradebulls Securities: Buy zinc, sell silver

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

Rising import from Bangladesh, financial crisis at NBFC hit textile sector

The industry says sales in the domestic market have slumped by 20-25 per cent in recent weeks

India's pulses import estimated to fall record low of one million tonne

India consumes around 24-25 million tonnes of pulses, but sowing trends show this year production is expected to be lower compared to last year

Gold imports resume after 4 days as govt reverts to tariff value-based duty

The assumption that duty would now have to be worked out on the basis of transaction value had created confusion, prompting several importers to put orders on hold

Farmers stay away from cotton, prefer other crops due to better incentives

Lower cotton acreage and lower availability at a time when crude oil prices are falling is likely to raise India's consumption of manmade fibre and synthetic yarn

Sharp rise in gold smuggling likely after duty hike, govt gets into action

Revenue intelligence officials asked to tighten vigilance; bullion analysts foresee 300-tonne spike off the record

NCDEX to launch futures trading in 'Paddy Basmati-Pusa 1121' on Wednesday

NCDEX already has wheat and maize futures on its platform