Page 251 - Commodity News

India's gold import is likely to fall at least 15% in 2018

High prices, weaker rupee and tighter credit may dampen demand; but this might come as a relief for policymakers, RBI

Gold may hit Rs 34,000 mark by Diwali on weak rupee, geo-political concerns

Gold prices are likely to hold in the range of Rs 30,000-34,000 per ten grams until Diwali in the domestic market

Gold recaptures Rs 32,000-mark on global cues, local jewellers' buying

Sovereign gold, however, held steady at Rs 24,800 per piece of eight gram

Sharp garlic price drop leaves Mandsaur farmers with a bitter taste

Farmers wait for the Bhavanter sale window to close in the next few weeks as they believe prices would increase after that, like in the case of soybean

Renuka Sugars to use network of Adani Wilmar to revive Madhur brand

Focus would be to give the required thrust to areas with better profitability and which would be much more sustainable, says Atul Chaturvedi, Chairman of Renuka Sugars

Onion prices crashed by 79%, tomato 50% between February and May

The impact of the strike, however, by farmers has started waning in some parts as it entered a second week but was still intense in some places

India's textile exporters expect easing of working capital

This is major relief for the textile industry, said Ujwal Lahoti

Cotton acreage to decline 10-12% this kharif season as farmers shy away

Farmers are shifting to other remunerative crops like soybean and paddy in major growing states

Commodity picks: June 3, 2018

Mustard seed is trading at Rs 4,000 per quintal at the benchmark Jaipur market

Sugar output likely to hit record next season as farmers stay sweet on cane

Industry officials and traders said that farmers' devotion to cane would drive sugar production to a fresh peak in the next marketing season

Biotech, plastic exports from SEZs top growth charts

Plastics and rubber witnessed the sharpest growth of 63 per cent to Rs 3.44 billion in April 2018 against Rs 2.11 billion in the same month last year.

Cotton exports estimated to reach 7.5 million bales, highest in 4 years

This will result in relatively large exports in the lean season

Rubber output dips 16% in Feb, tyre industry urges for relaxed import curbs

The tyre industry said a lean production period had already started, to last till September. This will add to the industry's problems

Rubber board projects production-consumption gap at a historic high

It may be noted, in the last five years, the gap has increased from 60,000 tonnes

Commodity picks: May 28, 2018

Cotton (29mm Gujarat) is trading at Rs 42,700 per candy (356 kg). Lack of timely canal water in Punjab and Haryana could impact the final cotton acreage in the region

Odisha on radar for the Rs 150-bn SAIL-ArcelorMittal auto grade steel JV

The proposed JV plant will construct world-class facilities for manufacturing automotive steel that will offer technologically advanced steel products for India's rapidly growing automotive sector

After sugar, glut in molasses churns a bitter brew for mills in UP

Record sugar output has also yielded molasses production way beyond market demand and plant capacity of state distilleries and country made liquor units

Crude oil price rise could moderate later, suggests Spanish survey

Prices could average $66.5 a barrel in Oct-Dec

Sugar price, shares surge on fresh revival package buzz

This 'incentive' may be given so that sugar companies can pay their dues to the farmers

CCI approves $66 bn Bayer-Monsanto merger, but with host of riders

Monsanto will have to sell its 26% stake in Mahyco, merged entity will have to maintain non-exclusive distribution channels and a policy of broad-based non-exclusive licensing of GM and non-GM traits