Page 241 - Commodity News

Ahead of US sanctions, India places November crude orders with Iran

Iran, historically, has been a key supplier of crude for India, says Sunjay Sudhir, joint secretary for international cooperation at the Ministry of Petroleum and Natural Gas

Oil prices fall as Saudis warn of looming oversupply, global markets slump

Financial markets have been hit hard by a range of worries, including the US-China trade war, a rout in EM currencies, rising borrowing costs and bond yields, and economic concerns in Italy

Gold prices hit six-year high on festive buzz and firm global cues

According to bullion traders, overseas sentiments were boosted as gold traded at over three-month high amid an easing dollar and slumping equities

Within 1 month of launch, BSE's commodity segment turnover hits Rs 5.75 bn

With this, BSE has become the second largest commodities exchange in India

India likely to face hurdles in meeting 300-mn-kg tea export target

Today, CTC accounts for 90.1% of the total production of 1,300 million kg

Rise in exports of roasted and salted cashew kernels in last five years

In 2017- 18, India exported 84,300 Mt of cashew kernels, valued at Rs 58.71 billion

India's groundnut output may fall 29% this kharif season on lower rainfall

Kharif season contributes nearly 80% of India's groundnut output, rabi takes up the rest

Commodity picks: 21 October, 2018

Sugar is trading around Rs 3,100 per quintal; coriander at Rs 5,290 per quintal

Aluminium scrap import rises 21% in Apr-Sep; AAI seeks higher import duty

In July, the association said, it had already apprised the Department of Industrial Policy and Promotion (DIPP) of the situation which could arise in future

Rising gold prices have revived jewellery-buying sentiment in the past week

Better prices have set a robust trend for this festive season, but jewellers are sceptical about its continuation amid a weak rural demand after kharif crop damage

Gold spurts by Rs 45 to Rs 32,270 in Delhi on festive demand, global cues

Bullion market remained closed on Friday on the occasion of 'Dussehra'

Festival brings little activity to gold market as price rally hits buying

Meanwhile, demand was moderate in other major Asian centres

Gold prices decline Rs 116 at Rs 31,956 per 10 gm on profit-booking

Analysts attributed the fall in gold futures to profit-booking by traders at the existing level

Gold imports up 4% to $17.63 bn in Apr-Sep; widens India's trade gap

India is the largest importer of gold, which mainly caters to the demand of the jewellery industry

Oil and gas stocks: High crude prices, weakening rupee pull down sentiment

For India's most valuable company, RIL may be seeing some softness in refining business due to decline in the benchmark gross refining margins

Cement stocks: Street hopeful of a better future driven by pricing gains

UltraTech, which has continued growing its capacities, is best placed to take benefits of the cement upcycle

Cashew exports to US declined from FY14 to FY18 as Vietnam stole the show

Exports to the UAE, Japan and Saudi Arabia have seen growth, both in terms of volume and value

Govt to come out with gold policy to boost jewellery sector, create jobs

Finance Minister Arun Jaitley has announced the formulation of a comprehensive gold policy to develop the yellow metal as an asset class

Golden times for domestic paper mills as they hit 95% capacity utilisation

Ban on plastics has helped see a spurt in demand of paper bags and many mills in the unorganised sector have been revived to make them operational

Grub infestation: Farmers latest headache is fixing India's sugar problem

NFCSF has lowered its production forecast for the 2018/19 crop year to 32.4 million tonnes, including 9.7 million tonnes for Maharashtra