Page 238 - Commodity News

Commodity picks: 10 December, 2018

Pepper prices are currently trading at Rs 39,116 per quintal in the Kochi market.

Coal shortage taking a toll on captive power producers in Odisha

Coal security of industries native to Odisha needs to be the priority for the state, SS Upadhyaya of Jindal Stainless

No agreement on Opec oil output deal yet over exemptions for Iran: Report

Opec failed to agree on concrete parameters for a deal to restrict output on Thursday

US becomes net oil exporter for 1st time in 75 yrs; Opec's power diminishes

The shale revolution has transformed oil wildcatters into billionaires and the US into the world's largest petroleum producer, surpassing Russia and Saudi Arabia

EU regulator okays Indian seafood exports, satisfied with residue control

The 28-member bloc accounted for 15.8% of the nearly $7.1 bn of Indian seafood export in 2017-18

Coal shortage, scrap imports worsen price fall pain for aluminium industry

Raw material bottlenecks and logistical issues making fall in price look more painful, say industry officials

UP extends soft loan window for private sugar mills to December 10

The state had announced the soft loan package of Rs 40 billion to help the private millers tide over their precarious payments situation

Textile ministry to replace export incentives with WTO-compatible schemes

Appoints a group of experts in WTO matters; report to be submitted by next week

Oct-Nov sugar production up slightly to 3.97 million tonne: ISMA

In Maharashtra, 167 sugar mills have started their crushing operations and are running in full swing and as on November 30

Domestic flat steel prices may go down over threat of cheap imports: Icra

The growth in China's steel consumption sequentially eased in the July-September period due to weakened demand from the auto sector

Opec working on 1.3-mn-bpd output cut deal; Russia remains stumbling block

Possibly complicating any Opec decision is the crisis around the killing of journalist Jamal Khashoggi at the Saudi consulate in Istanbul in October

Oil prices may go up, but will be below $70 a barrel in FY19: HPCL chairman

An Opec meeting scheduled to take place this week is expected to come up with a supply cut to arrest the drop in prices

Industrial commodities rise after US, China call a truce in trade war

Qatar's move to exit Opec and possible cut in supply to rein in surplus might keep these prices up

Hindalco, Vedanta top gainers as outlook improves for non-ferrous stocks

As base metal prices stabilise, aluminium looks set to gain the most on higher demand and constrained supply

Limited impact of Qatar's withdrawal from Opec, say analysts

While Qatar is one of Opec's smallest oil producers, when compared to the likes of the cartel's de facto leader Saudi Arabia, it is one of the world's largest producers of liquefied natural gas (LNG)

Commodity picks: 3 December, 2018

Availability of cheaper substitutes like rice bran, churi and lower mustard cake prices will further weigh on cotton oil cake prices

Cotton yield in India to hit three-year low on massive crop damage

Drought in Maharashtra and Gujarat, the chief cotton growing states, delivers a huge blow to output

Govt puts curbs on gold dore imports, places it under restricted category

India, the world's second-biggest gold consumer after China, imports about 900 tonnes of gold a year

Technical check: Here's how you can trade in gold, silver and base metals

Trading strategies by Gnanasekar .T, director at Commtrendz Research

Oil falls, suffers biggest monthly slide since 2008 financial crisis

Opec and non-Opec producers meet in Vienna next week to discuss a new round of supply cuts of 1 million to 1.4 million barrels per day and possibly more to prop up prices