Page 233 - Commodity News

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

Polymer producers raise prices; plastics industry to feel the pinch

Primary polymer producers have raised their product prices by Rs 1,000 of various grades in tune with the movement in crude oil prices.

Oil rises after US threat of sanctions on Venezuelan crude exports

With Iran already crippled by US sanctions on its oil, a further drop in Venezuelan exports could squeeze global supply and rapidly push up prices

Commodity outlook: Short-term indicators turn bullish for edible oils

Outlook on edible oils, cotton, sugar

Palm rises to highest in five months on weaker ringgit, stronger soyoil

Although the market was earlier down, another futures trader had said it could firm up as palm oil export data so far showed rising demand

Gold steady as slowing economy, US-China trade war raise safe-haven demand

Gold is often used as a hedge against political and economic uncertainty

Oil prices extend falls as economic slowdown worries weigh on markets

The decline followed a slump in global financial markets on Tuesday as concerns over global growth spooked investors into looking for safe-haven assets like government bonds or gold

Cheap labour cost makes Indian textile mills turn to Ethiopia

The reason? Ethiopia offers ready-to-use sheds, income tax breaks, training subsidies, and a tax-free gateway into the US, Europe and China

Jewellers rush to offer discounts as sales slow down this wedding season

Sluggish economy, high bullion prices and consumer shift towards cheaper gifting options such as electronic goods and mobiles take the sheen off gold

Gold futures up on spot market demand

Gold futures up on spot market demand

Aluminium companies fear swell in scrap imports as China hardens norms

In a latest step to protect its indigenous aluminium smelting industry, China has classified 'aluminium scrap' under its Restrictive Import list

Grasim Industries plans to foray into menswear segment with liva fibre

Birla Cellulose has recently unveiled a new eco-friendly variant called Liva fabric i.e. Livaeco

Commodity Picks: 21 January, 2019

Strong demand from processors and declining pace of arrivals to keep the trend intact during the coming days