Page 224 - Commodity News

Commodity picks: June 17, 2019

Mustard seed prices at the Jaipur spot markets are trading at Rs 4,075 per quintal

Indian copper industry may end up shedding 10,000 jobs by 2022

The domestic copper industry, comprising the primary and downstream segments, is estimated to be around Rs 60,000 crore per annum

Cement production likely to grow by 5-7% in FY20, prices to remain stable

Roads, urban infra and commercial realty to drive demand

Silver prices at 26-year low in relation to gold, should investors buy?

Experts and analysts believe that prices of silver may give healthy returns in the latter part of 2019

Commodity outlook by Tradebulls Securities: Buy Copper, Natural Gas

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

Cashew import prices hiked by 280% to support domestic producers

Kerala Cashew Industry Joint Council said the move is a shot in the arm for the struggling cashew industry in the state

Gems and jewellery exports plummet in May due to trade war, money crunch

Tough customs scrutiny on rough diamond imports, US-China trade spat among other reasons for the decline

Farm commodity prices soften on monsoon hopes, cereals lead fall

Several items subdued due to a severe cash crunch that forced farmers and traders to sell their stocks after posting recent gains

Brent crude oil may hit $80 by Dec 2019-end: Kang Wu of S&P Global Platts

Global demand is weaker in 2019 as compared to last year but the supply is tighter with substantial declines of oil supplies from Iran as well as Venezuela, Wu said

Impure Indian gold jewellery? Not anymore! Hallmarking jumps to 80%

Of the 621 tonnes of gold jewellery manufactured in India in 2018-19, 494 tonnes were hallmarked for purity, show data analysed by GFMS

Govt removes export incentives for onion to discourage outbound shipments

Under MEIS, the government provides duty benefits depending on product and country

Commodity picks: June 10, 2019

Mustard seed prices at the spot markets are trading at Rs 4,100 per quintal

Iron ore production peaks to 10-year high in FY19, exports nosedive 33%

Indian iron ore producers are also set to profit from global tailwinds

Per capita steel consumption in India a third of global figure: Study

In contrast, China's consumption of the alloy was more than twice the world average and over eight times the Indian figure

Diversification of iron ore distribution can end conflict: Rating agencies

Existing mining company could have own infrastructure in the form of trucks, jetties, site offices, cranes and other leased equipment and not just the mine resource

Rising heat, drought in Maharashtra and southern India may hit onion prices

The fear of price rise gained momentum after reports surfaced that the NAFED procured 50,000 tonnes of onion this season

UP wheat procurement hit as FCI starts open market sale at higher price

UP's wheat procurement target of 5.5 million tonnes likely to fall short by 25% at 4 MT

RBI enters top-10 list of gold holders with 52.3-tonne purchase in FY19

Till about a month ago, the central bank was ranked 11th, but in March it added 3.7 tonnes of gold to its forex reserves and dislodged the Netherlands from the 10th spot

Citi bullish on oil, sees Brent rising 28% to $78 within 3 months

Supply risks, rising demand over the northern summer, light fund positioning and a tight physical market are some of the reasons cited by the bank for its optimism

Commodity picks: June 3, 2019

Maize in Gulabbagh is trading at Rs 1,808 per quintal