Page 248 - Commodity News

Remove restrictions on iron ore pellet export from Karnataka: CEC

The CEC has said allowing pellet export would generate more demand for ore produced in Karnataka

Iran oil sanctions: India, US hold talks as Washington hints at exemptions

India and Iran also had extensive deliberations on ways to deal with the impact of US sanctions

Relief for India? US to consider waivers on Iran sanctions, says Mnuchin

US Treasury Secretary Steven Mnuchin clarified that there would be no blanket waivers or grandfathering

Vegetable oil import falls 23% in June due to rupee depreciation

The current duty structure coupled with rupee depreciation and credit crunch in the market has slow down the import

India's sugar output is expected to reach a record 35-35.5 million tonnes

The production in Maharashtra is pegged higher at 11-11.5 million tonnes against 10.71 million tonnes

India earns Rs 180 bn per year from export of basmati rice: Agri minister

ICAR has released 189 varieties of basmati rice in last six month

India's FY19 sugar output to surge 10%; to touch record 35.5 mt, says ISMA

According to ISMA, sugar output could go up because of higher availability of sugarcane

Jewellers warn public against duplicate diamonds, say ask for invoice

Chennai-based Vummidi Bangaru Jewellers recently unveiled the screening device 'SYNTHdetect' that would be used to identify synthetic diamonds with an aim to create awareness among the public

Kharif sowing picks up but is still about 10% lower than last year

Sowing of groundnut and cotton crops has fallen significantly

Mining body Fimi urges help for Karnataka iron ore extractors

Ore consumers say price cut not enough; Pellet capacities are making losses

Jewellers find new way to bypass tax authorities and launder smuggled gold

Consumers here are taking a bigger risk

Dairy sector to see Rs 140-billion investment in 3 years: CRISIL

Companies with a focus on value-added products are set to do well but those with focus on bulk liquid milk selling would remain laggards, says the study, due to oversupply of liquid milk as commodity

US says import of Iranian oil sanctionable from Nov 4; India may get relief

US Secretary of State Mike Pompeo indicated that the Trump administration was willing to show some flexibility to countries like India, which is the second largest buyer of Iranian crude

Centre miffed with Jute Corporation over low scale of MSP operations

CCEA has found that JCI and other cooperatives have procured under 4% of the jute produced in the country in the past five years

NMDC increases iron ore price by Rs 150 a tonne for non-Karnataka mines

NMDC produced 35.6 mt in 2017-18

India's sugar rush ends in global pain

The prospects of India emerging as a major exporter that will cut into Brazil's share of global trade have enraged the Global Sugar Alliance

Trade war: Aluminium cos need to expand markets beyond US, say analysts

US still accounts for a sizeable 11% share of Indian aluminium exports and domestic makers can explore alternate destinations to avoid the 10% duty on the metal

Don't blame us, we're doing our part: Opec's response to Trump's criticism

Trump has accused Opec of driving gasoline prices higher and urged the group to do more

India's tea exporters may be left high and dry on Iran; here's why

Iran is India's largest importer of tea in value terms while in terms of volume, it is the second largest after Russia

India's shrimp farmers pare stocks by 30% on price uncertainty

Trade sources said that shrimp prices have fallen below the production cost in Tamil Nadu, Andhra, Odisha, West Bengal and Gujarat