Page 232 - Commodity News

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

Gold prices rise by Rs 100 to Rs 33,750 per 10 grams on firm trend overseas

Escalation of trade tensions between the US and China ahead of their trade talks also led to safe-haven buying

At $1,300, gold near 7-month high on hopes US Fed will keep rates unchanged

Fed raised interest rates four times last year and has signalled it will probably lift borrowing costs twice in 2019, though some central bank officials have said they will be patient in raising rates

Gold exchange traded funds lose sheen on poor returns and gold bonds

Assets of gold ETFs have reduced by more than a third in the last five years to Rs 4,571 crore

From inventory losses to higher interest costs, analysts cautious on OMCs

The recent weakness in refining margins is also concerning and may pose a downside risk to our FY2020 estimates for OMCs

Saudi, UAE may cut Indian agri imports on quality issues, $2.6 bn at stake

Higher than permissible pesticide residues land Indian agriculture exports in trouble

Open interest in gold at 5-year high as traders expect prices to moderate

Even when the international gold prices moderated, the price in India remained high due to a fall in the rupee exchange rate and lower discounts

India beats pricing blues to record its best growth in shrimp exports

India logged a growth rate of 21.7 per cent, shipping 241,200 tonnes of shrimps from January to June of 2018.

Wheat production likely to cross all-time high of 100 MT in 2018-19

Wheat production stood at record 99.70 million tonne in the 2017-18 crop year