Page 246 - Commodity News

Base metals lose 12-27% value on trade war fears in last two months

The decline in base metals' prices is set to affect the profitability of their primary producers in the July-September quarter

Govt forms working group to set up domestic council for jewellery sector

Move is aimed at setting the ball rolling for having a comprehensive gold policy

Oil sinks amid fears that slowing global economic growth could hit demand

Data on Wednesday showing a large build in US inventories fostered fears about the outlook for fuel demand

MMTC plans foray into new commodities, eyes pharma, engineering goods

Minor minerals are targeted for exports and will be canalised through MMTC

Gold imports at 7-month high in July as jewellers replenish stocks

Indian gold prices fell to their lowest level in six months in July

Gold rebounds to Rs 30,700 on jewellers' buying; silver tops Rs 39,000-mark

Sovereign, however, remained steady at Rs 24,600 per piece of eight grams in scattered deals

India's fuel demand rises 7.4% in July, consumption stands at 17 mn tonnes

Sales of gasoline, or petrol, were 7.8% higher from a year earlier at 2.31 million tonnes

More Indian shrimp shipments refused entry into US due to salmonella

Salmonella poisoning is often linked to contaminated water or foods and can cause food-borne infection

Oilseed processors complain of duty-free veg oil import from Safta nations

Domestic producers have met officials in the Union finance ministry with a request to put edible oil and vanaspati in the negative or barred list of such imports

Shortage of long product steel hurting EPC companies as cost goes up

Integrated steel producers focusing on high margin flat steel to tackle high debt position

Basmati rice exporters face Iran defaults woes; exports drop 7.2% in Q1

Exports should be against formal orders which include quality specifications and a mechanism for resolution of disputes

Britannia, ITC to hike product prices on account of rising wheat price

Lower wheat production and increased government procurement have led to the price rise.

Karnataka ore miners suffer as imports surge; threat of job cuts looming

Majority of the iron ore imports - around 1.27 mt or 82 per cent - has been undertaken by a Karnataka-based large steel company, which local miners says is JSW Steel

Investing in gold? Rising dollar to dampen your short-term return

Analysts continue to bet on the yellow metal for the long-term based on geopolitical tensions

Uttar Pradesh sugar mills press for incentive of Rs 40 per quintal

According to sources, the government could announce some package for the industry in a day or two

Maharashtra's cotton farmers again rattled by pink bollworm attack

Last year's damage to the crop due to pink bollworm attack is yet to be considered legitimate by the Centre for paying damages to the farmers

Gold extends rally from 17-month low, stronger dollar caps gains

Spot gold was up 0.2 per cent at $1,215.71 an ounce at 0410 GMT, building on its 0.5 per cent gain on Friday

Tamil Nadu sugar mills seek 3-year loan moratorium after 2016 drought

Many of the sugar companies are likely to default on their debt servicing and become NPAs, which might lead to action from banks and massive direct and indirect job losses

Rs 110 bn cane arrears: UP sugar mills knock at Yogi's door for bailout

Renew demand for Rs 40/quintal incentive relating to previous crushing season, when mills had paid highest cane price of Rs 315/quintal under SAP mechanism

De Beers building blockchain to track diamonds from mine to customer

India's all large and small processors, retailers will also be integrated