Page 256 - Commodity News

Emerging markets performance tied to oil price surge, says Nomura

Rising oil prices and higher US yields will exert pressure on the rupee

New seed doubles castor output without additional cost or change in farming

This could revolutionise the lives of thousands of farmers across Gujarat, Telangana, Rajasthan and other major growing states

Govt hikes raw jute MSP by Rs 200 to Rs 3,700/quintal for 2018-19

The government in the Budget for 2018-19 had announced fixing MSPs at 1.5 times the cost of production for various crops

Adityanath govt hopes to harness sugar mills for food processing in UP

The state's sugar mills are idle for six to seven months a year, after cane crushing gets over

Nalco rides on London Metal Exchange gains, sees room for more price hikes

Along with aluminium, alumina prices have also gone up, bringing gains for Nalco

Sugar prices fall to lowest level in 28 months owing to distress sales

Meanwhile, a sharp fall in sugar prices in global markets has made exports almost impossible

Oil on the boil poses risk to Indian equities, says JPMorgan

Since 2014, India has underperformed emerging market (EM) peers during periods of sharp rallies in crude oil prices

Production cuts loom large for cotton seed firms, farmers to be impacted

Producers' margins under threat on rising cost and falling realisation, R&D to get impacted badly

NMDC: Steady steel demand, increasing iron ore volumes key growth drivers

The steel demand in India continues to grow and is expected to increase by 5 per cent in FY19

Commodity Picks: 23 April 2018

Cotton seed oil cake is trading at Rs 1,375 per quintal at the benchmark Kadi market

Alrosa plans rough diamond trading in India, seeks reduction in 40% tax

Alrosa sells around 16 per cent of its annual rough diamond output directly to India through its 15 long-term and 140 spot and auctions clients

Foodgrain procurement under MSP regime not as costly as feared; no rush

The Centre has declared MSP for 23 crops including cereals, pulses, oilseeds and millets

Gold prices rise on firm global cues, silver tops Rs 40,000 mark

Indian players build physical silver positions, expecting it to rise more than the yellow metal

Global rally in metals, oil and bullion amid US sanctions on Russia

Traders are carrying bullish positions on these metals and crude oil

All mines in world can come together on one blockchain, says De Beers CEO

We see some sightholders moving while new ones come in as a healthy sign, says Bruce Cleaver

Rs 130-bn PNB fraud hits expansion plans, jobs at small jewellers

Of the Rs 4-trn jewellery sector, small scale jewellers account for an estimated 62%

Oil rises 2% as Saudi Arabia aims at $100/bbl, US stockpiles fall

US crude inventories fell by 1 million barrels last week to 428 million barrels

Despite high prices, Akshaya Tritiya sees brisk gold buying by consumers

Cash shortage encourages card transactions; 20-25% jump in sales likely over last year

Iron ore stocks climb on falling exports, fragile demand

At the end of 2016-17, 148.66 million tonnes of iron ore had accumulated at the mine pit heads and the figure is estimated to breach 150 million tonnes by 2017-18 end

Gold prices rise up to Rs 32,380 per ten grams on Akshaya Tritiya buying

Traders said depreciating rupee against the dollar helped gold prices to trade higher