Page 257 - Commodity News

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

Sugar production in India to cross record 30 mt, prices under pressure

With falling prices, sugar companies' share prices have crashed

Small jewellers feel the heat as large players gain market share

According to the India Bullion & Jewellers Association (IBJA), there is a big threat to small retail jewellers

Aluminium sanctions convulse market as rally to $3,000 forecast

Prices of alumina, the semi-processed material used to make aluminum, are rocketing

Hindustan Zinc plans to produce 1,000 tonnes of silver in next 3-4 years

HZL, that produces over 95 per cent of primary silver in India, is the 10th largest silver producer in the world

Adverse climate to hit mango production; prices to remain firm this year

Output may decline 15% but prices to remain firm as exports rise

Gold prices rise by Rs 350 on jewellers buying ahead of Akshaya Tritiya

Silver too rebounded by Rs 400 to Rs 40,300 per kg on increased offtake by industrial units and coin makers

Fall in food prices eases WPI inflation, slips marginally to 2.47% in March

Among vegetables, tomatoes saw a price fall of 26.48 per cent in terms of the wholesale price index

India's apparel exports decline by nearly 4% in year of GST

Backed by its duty-free access to the EU market, Bangladesh retains its status as the second-largest apparel exporter after China

Sugar prices decline as govt looks to crack down on mills for arrears

Pace of price slide has increased, they aver, deepening their inability to pay; asking for govt help, including floor price for their sales

Uttar Pradesh govt looks beyond sugar mills with khandsari, gur units

Government plans to adopt Brazilian model where mills can shift to ethanol

Cotton trading at Rs 41,445 per candy; Coriander at Rs 5,420 per quintal

However, seasonal arrivals would limit any sharp increase in coriander prices

Akshaya Tritiya: Despite gold at Rs 32k, jewellers see 20% growth in sales

Kalyan Jewellers Chairman and Managing Director T S Kalyanaraman said, "On this Akshaya Tritiya, we expect to see customers returning to the eternal value of gold"

This Akshaya Tritiya, price rise fears revive jewellery buying sentiment

Two days of slide draws consumers, many booking in advance amid price rise apprehension for delivery on Akshaya Tritiya this Wednesday

Gold price tops Rs 32,000-mark on firm global cues; silver hits 40k

Sovereign also improved and gained Rs 100 to Rs 24,900 per piece of eight grams

Gold price plunges by Rs 350 on lackluster demand, silver slides below 40K

Diversion of funds towards rising equity also weighed on the sentiment

CBM extraction by Coal India opens possibilities for private sector

Although officials couldn't estimate the extent of financial gain as a result of this project, the internal rate of return on CBM is projected to be extremely high

MMTC is rethinking decision to sell its residual 9.5% equity in ICEX

Initially, MMTC had 26 per cent of the equity in the exchange but its stake had gradually shrunk

Vedanta to save Rs 800 per tonne in long-term bauxite deal with OMC

Long-term supply price arrived at Rs 465 per tonne in first bauxite auction