Page 243 - Commodity News

Coffee production may see 14% drop due to heavy rains in South India

Exports down by 11% due to low Robusta crop

Petrol prices hit 3-yr high at Rs 69.04/litre; up by Rs 6/litre since July

Diesel price has increased by Rs 3.67 a litre and now costs Rs 57.03 a litre in Delhi in same period

Worried about your petrol bill? Relax, oil prices won't rise much this year

The International Energy Agency sees 'explosive' growth in US oil output as prices rally

World Gold Council expects RBI's demand for gold to remain buoyant

Globally, more and more central banks are buying gold for their forex reserves and according to WGC, RBI has been the fourth largest buyer of gold since the start of 2017

Govt plans to double edible oil production by 2022 to cut import dependence

Sustained increase in consumption against stagnating production widened India's import dependence to 67% for 2016-17

Commodity picks: 24 September, 2018

Prices of Guar seed are expected to trade lower towards Rs 4,000 a quintal in the coming week on seasonal arrivals pressure and expectation of higher production this season

Higher MSPs may push gold demand up by 25% in second half of 2018

Analysts expect 25 per cent rise in gold demand in the second half of this year as compared to the year-ago period

More cashew-processing units feel the heat as banks step up action

With the term of the state government's order against bank action ending on August 31, the industry is apprehending banks may start action against more units

High crude oil prices, weak rupee to make synthetic textiles costlier

Operating with a wafer-thin margin, synthetic textile players to pass on the raw material price hike to the consumer

Donald Trump says Opec 'must get prices down now' as crude trades near $80

Opec and its allies meet this weekend to discuss production

Sebi to levy Rs 100,000 per exchange on agri-commodity derivatives turnover

Instead of levying a regulatory fee at the prescribed turnover-based slab rates, a nominal regulatory fee at a flat rate of Rs 100,000 per exchange will be levied

Gold import curbs with single focus of controlling CAD won't work: IGPC

The think tank proposes five-point plan to successfully bring down gold imports, urges clearance of bottlenecks to make GMS viable

Primary aluminium producers facing severe coal crisis, high power cost: AAI

According to AAI, the aluminium producers have to import the dry fuel which leads to increased cost of production

BSE, NSE to foray into commodity derivatives from Oct 1, to start with gold

Brokers say equity exchanges will have to innovate to make inroads into the commodity space

India mulls raising import duty on steel to support rupee: Sources

The proposal, part of a broader govt plan to cut "non-necessary" imports to stop an outflow of dollars that has sent the rupee to record lows, will be discussed in the trade ministry on Wednesday

Dry Bundelkhand gets rain bounty, acreage up by 5% to 1.1 mn hectares

The total kharif crop acreage in UP now stands at more than 9 Mn Ha, including 6 Mn Ha of paddy and 1.7 Mn Ha of pulses

Another dose of incentives for sugar mills on cards: MSP hike of Rs 4-5/kg

Move seen helping clear excess sugar stocks, encouraging exports; loan restructuring package for co-ops also under consideration

Govt likely to curb gold imports with policy tweaks, not duty hike: Sources

The government last week announced an array of steps to rein in CAD and the rupee

Gold industry worried that govt will curb imports to stem CAD, rupee fall

Experts argue past restrictions have resulted in smuggling. They recommend safer alternatives to achieve govt's aims

Gold recovers on jewellers' purchases to hit Rs 31,420, silver remains weak

In the national capital, gold of 99.9 per cent and 99.5 per cent purity rebounded by Rs 20 each to Rs 31,420 and Rs 31,270 per 10 grams, respectively after losing Rs 225 in the last two days