Page 231 - Commodity News

India's gold imports jump 64% in January despite prices hitting 5-year high

The World Gold Council, a London-based promotion body, expects a recovery in demand in India this year on increased spending with elections due by May

US FDA cracks down on India's shrimp shipments over banned antibiotics

Shrimp sourced from India accounts for more than one out of every three pounds of shrimp imported into the US

Commodity Picks: 11 February, 2019

Weak demand from processors, favourable weather across the major producing belts to weigh on Mustard seed prices

India's soybean output to rise 38% this year on sharp rise in average yield

Acreage up 6.7% to 10.84 mn hectare from 10.16 mn hectare the previous season

Bill allowing US to sue Opec for inflating oil prices clears key hurdle

The law would amend the Sherman Antitrust Act of 1890, the law used more than a century ago to break up the oil empire of John Rockefeller

Commodity outlook by Tradebulls Securities: Sell Crude oil, Lead

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

Cotton imports to surge by 80% as output hits 9-year low: Report

The country could import 2.7 million bales in 2018/19 marketing year ending on September 30, up from 1.5 million bales a year ago, he said.

Dairy, palm and sugar prices drive global food price index in January

The FAO Cereal Price Index averaged 168.1 points in January, up marginally from December and almost 11.5 points (7.3 per cent) above its January 2018 level

Procurement completed, Nafed to restart groundnut auction on Monday

The agency has announced closure of procurement of groundnut early this week in most mandis due to lack of arrivals

Investing in gold? Amid uncertainty, stagger purchases and buy on declines

Averaging out your purchase cost will be a better strategy than trying to time your entry

Gold glitters, trades at record high in Mumbai on peak wedding demand

Bullion traders say the actual trades are still around Rs 33,600 per 10 gram.

Curious case of Norway's 60 mn barrels of missing oil and shrinking bounty

The giant North Sea field should in 2020 contribute to the biggest year-on-year increase in Norway's output since the 1980s

A roller-coaster year for oil prices as Trump plays havoc with Opec policy

American sanctions, waivers and a surprise summer supply boost complicated the group's efforts to balance oil supply and demand

Budget 2019: Gold spot exchange, changes in GMS on cards, says document

Boost to rural income welcomed due to rub-off effcet on gold demand, but jewellers upset at no mention of duty cuts on raw material

Central banks bought highest amount of gold in 50 years in signs of turmoil

They bought 651 tonnes in 2018, or 15% of total gold sold globally, primarily because they see no let up in turbulence a decade after the last global economic crisis

Little impact on Maharashtra sugar output despite widespread pest attack

Drop estimated at 0.5% to 10.1 million tonnes for ongoing crushing season 2018-19; state govt gets tough on cane arrears

Central banks bought more gold in 2018 than any year since 1967: WGC

Gold is traditionally seen as a safe investment in times of political or economic turbulence

Big election spends can push India's gold demand above 10-year average: WGC

Before the election, Prime Minister Narendra Modi's government could announce measures to help the nation's farmers, the biggest buyers of gold

Gold prices rise to Rs 33,000; demand takes a hit as traders move to silver

Price hike due to safe-haven buying; trend likely to continue

Gold demand falls as traders move to silver, imports seen subdued

The gold to silver ratio was around 85-86 during October-November. It fell to around 82-82 this month