Page 244 - Commodity News

Diamond has young patrons too! Millennials and Gen Z biggest consumers

A DeBeers report claims global diamond production may decline in 2018 on mine closure, favourable demand will keep prices elevated

Gold-to-silver price ratio at 23-year high of 84.78 amid trade war fears

The ratio represents how much ounce of silver can be bought with one ounce of gold and it is a signal for measuring the relative strength of both the metals with each other

Sugar output may fall marginally as govt hikes procurement price of ethanol

Sugar output likely to drop marginally if mills make ethanol directly from B-molasses

Diseases take toll on Indian shrimp, exports to US may narrow to 7%

Even with prices firming up, farmers are reluctant to stock again due to the ensuing winter season and losses made in the past

Gold jewellery outperforms India's overall exports in April-July period

Interestingly, SEZs or EPZs led by Cochin have recorded a staggering 221 per cent surge in gold jewellery exports

Why agriculture's abundance isn't bringing much relief to the farmer

Why new price support scheme for pulses and oilseeds this kharif season will only add to the state's inadequate procurement and storage mechanisms

Uttar Pradesh to ensure sugar arrears payment before October 20

Around Rs 44 billion will be given as soft loans to sugar mills which will also be used for payment of sugarcane arrears

Most agricultural commodity prices well below minimum support price

The central govt is believed to be in an advanced stage of announcing a 'Bhavantar' (price differential) scheme, to directly pay growers the difference between the current price and MSP

Paper stocks bump in anticipation of govt's anti-dumping duty levy

The sharp increase in the paper stock price indicates that the government is in an advanced stage of levying anti-dumping duty on its import to restrict its arrival in India

No crushing next season if Rs 100 bn debt isn't settled: UP sugar mills

Millers write to Yogi govt, cite precarious financial position due to massive arrears of previous crushing season

JSW Steel, Kirloskar Ferrous win iron ore mines in Karnataka auction

The Centre recently decided to put eight more mines on e-auction in Karnataka

Iron ore output to rise 5% in FY19 on stable demand from infra, auto

About 90% of iron ore mined in FY18 was for domestic use; rest was shipped to China, Japan, South Korea, Oman, Vietnam, Indonesia and Malaysia

Two-fold jump in gold imports in August as traders replenish inventory

The fall in gold prices internationally prompted the jewellers to buy gold amid fears that the falling rupee might take away the lower price advantage

Maharashtra traders resume grain buying after govt assurance on MSP rule

The traders had boycotted produce auctions for a week, after the state govt indicated it would penalise buying below MSP with fines and imprisonment

Relief for Kerala as Qatar lifts Nipah virus ban on fruit, vegetables

The Gulf region is India's largest market for fruit and vegetables, with the UAE being the single biggest importing nation on both counts

Coffee Board pegs crop loss due to rains in South India at 82,000 tonnes

The board has asked the govt to consider a special package for the coffee growers' fraternity

Logistics cost & infra bottlenecks blunt Indian mining industry's edge

India's logistics cost as a percentage of its GDP is 14 per cent, against 10% in America and Japan, and 11% for the European Union

Still on slippery path

Falling rupee to keep base metals costlier in India despite global lull

While aluminium reported a weekly gain of 6.2% at Rs 150 a kg for near month delivery on Thursday on MCX, copper was up 2.3% to Rs 420 a kg

Govt allows state refiners to use Iran tankers, insurance for oil imports

India wants to continue buying oil from OPEC member Iran as Tehran is offering almost free shipping and an extended credit period