Page 226 - Commodity News

Commodity outlook by Tradebulls Securities: Buy lead, sell crude oil

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

Cooler price pushes India gold demand 5% in Q1, more glitter likely ahead

May rise further on account of Akshaya Tritiya, wedding season

Are investors in gold again oblivious to the risks that lie ahead?

Gold prices are likely to rise over 12-18 months by 10 per cent. If the recession portended by the inverted yield curve becomes more likely or is seen closer, the rise could be higher and come sooner

Global gold demand up 7% in Q1; gold jewellery demand in India at 4-yr high

India's demand for gold jewellery hit a four-year high in Q1CY19 at 125.4 tonnes. This, WGC said, helped the overall gold demand for jewellery at the global level inch nearly 1% higher to 530.3 tonnes

Cotton import may rise 80% this year due to drought in major growing states

Quality of output is another nagging issue, as the raw cotton produced this year cannot be used by spinning mills

Russia's $2.7 bn of oil exports to Europe gets tainted and no one knows how

The oil was contaminated with organic chlorides, compounds used in the industry to boost extraction from oilfields by cleaning oil wells and accelerating the flow of crude

Wheat farmers prefer pvt stockists, bulk consumers to govt agencies

India's wheat output estimated at 99.12 million tonnes for 2018-19

Commodity Picks: 29 April, 2019

Barley prices in Jaipur market are trading at Rs 1,850 per quintal. Coriander prices in Kota are trading at Rs 7,413 per quintal following aggressive stockists and end consumers buying

Oil heads for longest weekly rally since 2015 as US ends Iran waiver

Oil's 43 per cent rally this year has been driven by the Organization of Petroleum Exporting Countries and its allies cutting output and disruptions from Venezuela to Libya

Commodity outlook by Tradebulls Securities: Buy Copper, aluminium

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

Karnataka iron ore mines stuck with 6.5 million tonnes of unsold inventory

The miners are not able to sell the inventory in the state or domestic market since buyers prefer imported iron ore as they feel it is better on quality

Global iron ore prices to rise 11% on supply disruptions, China stimulus

China's latest fiscal stimulus is also expected to prop up iron ore demand and hence support prices

Indian producers working on alternate routes for shipping tea to Iran

Tea producer are anxiously watching how Iran and India reacts with each other as even India can't risk losing its crucial oil trade partner

Iran says it won't let any country replace its oil, warns of 'consequences'

A senior US administration official said on Monday that President Donald Trump was confident Saudi Arabia and the United Arab Emirates would fill any gap left in the oil market

Gold inches up on weak economic data, but firm dollar caps gains

The US dollar, which traded close to a near two-year peak, kept the metal's gains in check by making it more expensive for holders of other currencies

After 4-yr slump, dairy exports achieve second best show on global deficit

Apeda data showed India's exports of dairy products were up 56% YoY to $404 million between April 2018 and February 2019

Sri Lanka bomb blasts push pepper price by Rs 20 per kg in India

India imports pepper from Vietnam through Sri Lanka

MCX gets Sebi nod to launch future trading in cash crop Arecanut

The exchange official said that, the MCX will be going with a Red Rashi variety for Arecanut futures

Cotton farmers plan on switching to maize, soybean for better realisation

Historically, farmers bring in more area in favour of the crop which realised higher last year

Commodity Picks: 22 April, 2019

Weak demand from processors and huge stocks with farmers and traders to keep the undertone weak for soy beans in near term