Page 225 - Commodity News

'Aam' gets 'khaas': Dussehri coming next week at 50% premium over last year

Short supply due to a late plucking and adverse weather has pushed up mango prices this season

Public sector steel producer NINL to supply steel billets to PGCIL

PGCIL will use the MS channels and angles produced from NINL steel billets for electrical transmission towers across the country

Hit by rising costs, steel companies may go for price hike in June

Companies planning to hike prices of flat steel prices by Rs 750-1,000 a tonne

Now tea industry body on anvil for setting benchmark prices of tea leaves

ITA is discussing the issue with the Tea Board

Gloomy forecast: Fall in fodder availability hurts milk production

It now needs to be seen whether the impact of weather could firm up cattle feed prices, which are already up by over 15 per cent in recent times

Iron ore prices rally globally, but in India trade policies scuttle miners

As it would happen, Indian merchant exporters could not take advantage of the catastrophic rupture of Vale-owned tailings dam linked to a major iron ore mine in Brazil's Minas Gerais in January

Commodity Picks: May 27, 2019

Mustard prices are expected to head towards Rs 4,175-4,200 per quintal

Record international iron ore prices spur lower grade exports from India

In 2018-19, India became a net importer of iron ore. Inward shipment rose 43% to 12.3 mt as steelmakers prefer imported ore

Should you buy gold at the current levels? Here's what experts suggest

Gold is in oversold territory in short-term, as it has crashed from Rs 32,538 to Rs 31,300 in six trading sessions

Tur shortage in markets pushes price above MSP; moong prices up 2%

Daily arrivals in the key markets have fallen to a combined 1,500-3,000 bags this month, from 8,000-12,000 bags at this time a year before

Importers protest recent circular from Customs office on rough diamonds

Last year, India imported rough diamonds worth $19 billion

India's apparel exports to UAE decline 33% on higher import duty

India's overall exports of apparel or readymade garments were marginally lower at $16.1 billion, compared to $16.7 billion a year ago, according to data from the commerce ministry

Iron ore powers above $100 as supply crisis roils global market

Iron ore has staged a stunning rally in 2019 as supply disruptions in Brazil and Australia, the top shippers, spurred forecasts the seaborne market will swing to a deficit

Gold declines by Rs 160, silver by Rs 625 as demand from jewellers slumps

Declined global trends have resulted in the price fall; sovereign gold however remained steady

Agri outlook: Rubber trends higher and edible oil recovers smartly

After a prolonged fall, beginning from the high of 379 Yen/Kg from early 2017, charts and technical analysis, hints at more upside to come for TOCOMM Rubber futures the benchmark.

Commodity outlook by Tradebulls Securities: Sell natural gas, buy copper

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

Tamil Nadu private sugar mills plead for relief due to shortage of rain

There are 25 private mills and 18 run by co-operatives; around a dozen are not crushing this year, say industry sources

Bangladesh import duty hike hits an already tottering Bengal rice market

Last year, Bangladesh imposed a 28 per cent import duty on rice from India, against two per cent earlier

Maharashtra sugar output likely to fall by 20% in 2019-20 crushing season

Sugar output in Maharashtra, the largest sweetener producing state in India, was reported at 10.07 million tonnes for the season 2018-19 (Oct-Sept)

MCX crude oil options register record turnover of Rs 716 crore

The contract continues to gain momentum and witnesses increased acceptance amongst various stakeholders