Page 235 - Commodity News

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

Leather industry players lock horns over export of semi-finished product

Investment and technology upgradation are required to make finished leather from semi-finished one.

Commodity picks: 7 January, 2019

Soybean prices in Indore are trading at Rs 3,492 per quintal

Gold rally hits speed bump as US payrolls data registers 'monster' growth

With signs of a global slowdown stacking up amid the US-China trade war and softening factory activity, analysts said it's to soon to write off gold's rally.

No specific mechanism to fix single daily price for gold in India: Govt

The price generally depends on import rate, basic customs duty, tax and logistics cost, purity among other reasons, govt said

India ships season's first grapes to China, outlook grim for Australia mkt

Country aims to double shipment to China this year to reap advantage of that country's trade war with US; Down Under is a tough call due to shipment time and quality control issues

Commodity exchanges extend trading hours: Here's what experts feel about it

The daily trade now commences an hour early at 9 am and goes on till 5 pm. Globally, referential commodities continue to have their trading hours between 9 am and 11:55 pm

India sees 7.36% drop in coffee exports to 350,000 tonnes in 2018

As per the Board's latest data, the country exported 350,280 tonnes of coffee in 2018 calendar year, lower than 378,119 tonnes in the previous year