Page 237 - Commodity News

'See a positive picture for the commodity complex in 2019'

Demand for gold should be strong in the first quarter due to seasonal factors, tied to buying around celebrations in key gold-consuming nations, like India and China.

Minimum Indicative Export Quota of sugar seems unlikely to be met

While the annual consumption is 25.5mt, the total output is estimated at 31.5 mt and 10 mt has been carried over

India's textile and apparel exports jump by 14% in November

In dollar term, however, India's textiles and apparel exports recorded a mere 2 per cent jump to $2.64 billion for November 2018 versus 2.57 billion for the same month last year

Tightening norms on pesticides hurts Indian tea exports to USA

On the other hand, income from exports to US during the aforesaid period declined to $35.97 as against the income of $48.40 resulting in a 26% fall

Jewellers lean on hi-tech customisation to boost sales this wedding season

Many are offering personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices

With demand falling, retailers offer gold to Indians for as little as Re 1

Demand for gold is falling, partly as a result of government measures, higher local prices and the metal's fading appeal among more youthful customers

Bitter days ahead for sugar as investors line up for 2019 losses

Cane millers can turn crops into either sweetener or biofuel. For a lot of 2018, high gasoline prices meant Brazilian processors favored making ethanol, helping to cap the sugar glut

Malaysia-India deal on import duty may hit Indian edible oil industry hard

Lower duty on Malaysian edible oil from Jan set to escalate imports; domestic oilseed prices may decline, adding to farmers' woes

Gold futures slip 0.21% to Rs 31,488 per 10 grams on weak global cues

Analysts attributed the slide in gold futures to decline in bets by participants in line with a weak trend overseas

Commodity picks: 17 December, 2018

For the week ahead sugar prices are expected to decline by Rs 20-40 per quintal

No power plant is facing coal shortage: Union Minister Piyush Goyal

Coal-fired power plants located in Wanakbori, Gandhinagar and Ukai in Gujarat were facing severe coal shortages in September and October

Challenging times ahead for agri warehousing, collateral management cos

Liquidity crisis hit expansion in this sector, banks focus on large corporate to meet priority sector lending target

Sri Lanka emerges the largest sugar importer from India; UAE distant second

Faced with supply glut pressurising sugar prices regularly, the Indian government has visited a number of countries to shell out some of the extra stocks

Private stockists' scheme under PM-ASHAA for oilseeds a non-starter

Remaining expenses of handling, storage, distribution and sale losses have to be borne by the private participant

Crude oil prices climb amid signs of easing US-China trade war tensions

US West Texas Intermediate (WTI) crude futures were at $51.40 per barrel

Sugar package purely domestic issue, not distorted global trade: Govt

A number of questions on India's sugar policies have been raised in the WTO Committee on Agriculture from time to time

Trade war, currency variations threaten food price stability: Stefan Vogel

Relatively cheap vegetable oil prices will benefit imports into India, as India is importing massive volumes of edible oils every year, says Stefan Vogel

Gold prices up as dollar slips, hints of pause in rate hike cycle by Fed

US gold futures were 0.2% higher at $1,251.4 per ounce

You may have to pay more for petrol, diesel again due to Opec output cut

An increase of a dollar in oil prices on a permanent basis would increase the country's import bill by roughly $1.6 billion per annum

Private stockist scheme for oilseeds procurement a 'non-starter'

The private sector is not very inclined to participate in procurement as it is not commercially viable for them