Page 247 - Commodity News

Sugar market glut, farmers' outstanding to lead to a bitter season in UP

UP's mills, dominated by the private sector's 94 units, have already expressed their inability to participate in the next crushing season

Cabinet okays policy to boost shale, unconventional hydrocarbon exploration

The move is likely to benefit companies like ONGC, Oil India, Vedanta Cairn, Reliance Industries and CBM players like Essar Oil & Gas Exploration and Production

India seeks Japanese, Korean investment in high-grade auto steel

Demand for the auto-grade metal is rising in India as companies such as Hyundai Motor Co ramp up their production to make the country a manufacturing and export hub for small cars

Indian sugar can enter Bangladesh, Malaysia if prices remain competitive

Indonesia links sugar imports to lowering tariff on palm oil, China raises duty

LPG price hiked again: Subsidised cylinder to cost Rs 498.02 in Delhi

Oil firms revise LPG price on 1st of every month based on average benchmark rate and foreign exchange rate in the previous month

Gujarat APMCs, textile markets return to normalcy after transport strike

The Rajkot APMC had seen a loss of Rs 400-500 mn and the Unjha APMC of Rs 800 mn during the recent transport strike

Supply of agri products rises as truckers' strike ends, no impact on prices

Prices of agricultural commodities moved in a narrow range due to stockits' demands

Gold imports rise 22.43% at 955.16 tonnes in FY18: Govt informs Parliament

The demand of gold in the country in 2017-18 has increased during first and second quarters and declined in third and fourth quarters as compared to corresponding period in 2016-17

Govt allows mills to make ethanol directly from sugarcane juice, B-molasses

So far, mills were allowed to manufacture ethanol from by-product called C-molasses, after sugar was taken out while processing raw cane juice

Global steel output up 4.6% in H1 as strong margins tempt mills to ramp up

Crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 881.5 million tonnes (mt) in the first half.

Steel makers uneasy over iron ore price surge as steel prices soften

The iron ore prices have rebounded after seeing a minor correction in April and May this year

Steel firms breathe easy as raw material prices likely to stay range-bound

The upward momentum in steel production and consumption is expected to continue during the ongoing financial year

Anti-dumping duty hike on Indian shrimps by US to have neutral impact

Vietnam continues to be the second largest export destination for Indian shrimp

Exporters fear India may lose $5.5 bn in gold medallion, coin exports

Exports of gold items above 22 carats of purity were banned by the government in August 2017

US eyes easier market access for soybean meal, easier norms on cherries

The US is the third largest global producer of soybean meal and is eyeing newer markets as it faces a significant glut in the supply of soybeans, as the largest one - China - has imposed higher tariff

15% spike likely in dry fruit imports from Afghanistan on easier trade flow

Last week, major Afghan exporters signed more than $67 million worth of contracts at a trade mission.

GST exemption on warehoused gold a major relief to jewellery exporters

Banks will have to import gold and store it in a customs-bonded warehouse, and then supply to exporters without customs clearance; no relief for bullion refineries, however

Turmeric futures up 1.97% on spot demand

Turmeric futures up 1.97% on spot demand

The humble 'chana' may decide BJP's political fate in three states it rules

In Madhya Pradesh, the country's biggest chana producing state, production this year is estimated to be almost 5.4 mn tonnes

What happens if there is no Opec? It won't be a paradise for sure

If the No Oil Producing and Exporting Cartels Act is able to work its way through US Congress and becomes a law, oil may get cheaper in America and elsewhere for a while but not for too long