Page 234 - Commodity News

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

Glut in Karnataka iron ore mines as imports surge; miners approach NITI

FIMI estimates that the mining industry, including government entities NMDC and MML, will not be able to produce or sell up to the permissible capacity given the pile-up in stock

Volatility in crude oil prices pinches synthetic textile manufacturers

Raw material buyers in the synthetic textile industry disappeared from the market amid expectations of a further fall in prices

Pellet makers oppose 5% export duty levy amid falling domestic demand

Since the product is losing out on price to iron ore and lumps at home, exports offer the only reprieve; a duty hike will blunt India's competitive edge in the global market

With cane arrears rising, industry wants higher floor price for sugar

Industry calls for immediate increase in minimum selling price as arrears mounting by the day

Slide in iron ore, fertiliser traffic hits growth of major ports

A report by the India Brand Equity Foundation shows net profit at major ports had more than trebled from Rs 1150 crore in FY 13 to Rs 3413 crore in FY18

Sharp increase of 30-35% in silver import as demand show vibrancy

Even import bill for silver has jumped almost 30% to $3.934 billion

Commerce Ministry forms panel to streamline gems and jewellery industry

The committee is meant to formulate the constitution and election rules of the proposed council, which the government hopes to announce shortly

Rising input costs, soft LME prices to dent aluminium makers' profits

Data from the Directorate General of Commercial Intelligence and Statistics shows Chinese aluminium import into India having risen 62% year-on-year in the first eight months of this fiscal

Edible oil imports jump 11% in December, may rise further on duty cut

Palm oil share in overall inbound vegetable oil surges 71 per cent to 811,700 tonnes; Domestic refineries to take a hit

After GST blow, Gujarat textile units get jitters over incentive scheme

Surat has seen daily production fall from 40 million metre per day to 25 million metre per day

Cashew, litchi, sarees among a clutch of products to get GI tag soon

Govt identifies six districts with great potential for economic development

Demand for cement likely to outpace supply in north and east India

Prices in the western part of the country rose by over 5% followed by north, where it increased by 3%

Commodity picks: 14 January, 2019

Mustard seed prices at the Jaipur spot market are trading at Rs 4,079 a quintal

Global non-ferrous metal prices may not correct further: Icra report

The agency said the global aluminium market has remained in deficit for the last six quarters because of capacity cut backs in China

Glitter back for gold monetisation scheme; banks to open metal account

If gold deposited upon maturity is returned in a cash equivalent, many temples would stay away from depositing gold

Why central banks across the world are buying more gold for reserves

Till 2008, they were paring gold reserves. Today they see it playing a new role in changing financial systems; share of the metal in RBI's total forex reserves rose to 5.9% in November 2018

With prices on rise, agricultural commodities may push food inflation

In the benchmark Latur (Maharashtra) market, tur prices shot up by 32% in two months to Rs 48.5 a kg from Rs 37 per kg on October 31

Gold loses shine as imports collapsed in 2018 due to high domestic prices

Demand for gold, almost all of which is imported, has been declining in India as a slump in the rupee made the metal more expensive in the price-sensitive market