Page 254 - Commodity News

Uttar Pradesh sugar mills seek govt help, concerned about next season

Burdened with falling prices, rising arrears and credit woes, they want rescue package and more viable pricing

Gold dips below Rs 32,000 amid weak local demand, global cues

However, silver recovered by Rs 100 to Rs 40,750 per kg on scattered enquiries from industrial units and coin makers.

Record wheat output of 98.61 million tonnes is expected in 2017-18

Among oilseeds grown during rabi, production of mustard is expected to be 8.04 mt, up from 7.91 mt last year

After two years of fall, India's coal imports grow 8.1% in FY18

Total import was valued at $22 billion in 2017-18, around 4.9 per cent of all import in value terms

Gold prices decline by Rs 430 on reduced demand, weak global cues

Silver followed suit and lost Rs 250 to Rs 40,650 per kg due to reduced offtake by industrial units and coin makers

After anti-dumping duty, US hits shrimp exporters with non-tariff barrier

Shrimps included in Seafood Import Monitoring Program, which tracks imported seafood in order to thwart dubious fishing activity

Panel of state finance ministers to discuss sugar cess with law ministry

To explore alternative methods of resource generation at next meet; Isaac suggests super-rich tax instead

India's palm oil imports seen declining as higher duties curb demand

Purchases fell about 1.7 per cent to 740,000 tonnes from a year earlier, according to the median of four estimates in a Bloomberg survey of processors, brokers and analysts

As garlic prices make MP farmers shed tears; 'Bhavanter' scheme can't help

Farmers claim that garlic in the wholesale market is selling at as low as Re 1 per kg. The problem, resulting from a bumper garlic crop this season, is spread across the Malwa region in Madhya Pradesh

GST headwinds for gold jewellery sector but high price may impact demand

Cash sale and smuggled gold still in demand, industry consolidating favouring large chains

Global shocks likely to spike gold prices this year, says GFMS report

The agency sees the geopolitical climate and equity markets as supportive for gold's role as a risk hedge

CAI retains April cotton output estimate at 36 million bales

n Gujarat the total output was estimated at 105 lakh bales this season compared to 89 lakh bales last year

India's gold imports fall 39% in April on weak demand, says GFMS

Lower gold imports could also help the South Asian country reduce its trade deficit

MCX to launch crude oil, metals options; also gets nod for diamond futures

Nickel futures next on the anvil; Exchange was the first in the world to launch brass futures a few months ago

From mango fest to mango tourism, UP traders pulling all stops to go global

India is the world's leading mango producer, accounting for over 40 per cent of the global production

FCI rice stock hits 5-year high at 25 million tonnes

According to the official Second Advance Estimates, the country's rice output is estimated at 111.01 mt for 2017-18, a record

Gold up by Rs 100, reclaims Rs 32,000-level on local jewellers' buying

Sovereign, however, held steady at Rs 24,700 per piece of eight grams

High oil price may support sugar industry; output to surpass all-time high

The Centre had doubled sugar import duty to 100%, scrapped export duty to check falling prices

India's seafood exports increase 13% despite fall in global shrimp prices

India exported 1,085,378 tonnes of seafood till January in FY18 against 954,744 tonnes shipped in the corresponding period of FY17

Iron ore production in India crosses 200 million tonnes after 7 years

Output reached 210 mt, mostly on increased production in Odisha and Karnataka. This is 9% higher than 192 mt in 2016-17