Page 260 - Commodity News

Gold demand picks up in India over wedding season, subdued elsewhere

Gold is an essential part of the bride's dowry in India and also a popular gift from family and guests at weddings

Plastic makers protest ban in Maharashtra; urge govt to review blanket ban

The notification bans carry bags, one-time use of polyethylene, straws and thermocol

Denim industry operating margins decline to 10% amid overcapacity

Factors that could ease the situation include softening of cotton prices due to rise in sowing, coupled with capacity absorption to some extent by export

Relief for Indian exporters as Dubai mulls VAT breather for B2B gold sales

On January 1, Dubai and UAE authorities levied a 5% VAT on gold and other jewellery

Industrial metals prices gain as global trade war fears fade

Trump administration officials are asking China to cut tariffs on imported cars

Gold import scheme: PAC panel for probe by CBI, ED into 35 jewellers

The revenue secretary and top officials of the ED, the Central Board of Direct Taxes and the Central Board of Excise and Customs had appeared before the panel

Cotton Corporation's fibre procurement jumps eight-fold this year

Procures 1.2 million bales this year, up from 150,000 bales a year ago as cotton prices witness sharp volatility

NMCE's daily average trading volume hits a record of 19,317 lots

Against the record trading volume, the average open interest on the NMCE remained resilient

Gold sales expected to remain muted this Akshaya Tritiya as prices soar

The precious metal hits 16-month high, consumers abstain from fresh purchase amid expectations of price decline

Chana prices rise by almost 4% on export sop, MSP procurement talk

Under MEIS, exporters get access to a scrip which they can invoke as and when they imports a similar quantity

Commodity Picks: 26 March 2018

Subdued demand from processors due to slowdown in meal off take could weigh on prices in the near term

Gold loses sparkle on MCX as share in volume hits 12-year low of 10.4%

Experts partly blame the commodity itself; Gold prices have not moved in a sustained manner over the past few years

Global gold prices near month's high as Trump tariffs rattle global markets

World stock markets, the US dollar and US bond yields all fell

Climatic conditions do not indicate a difficult monsoon in 2018, says IMD

IMD's latest summer update had indicated the favourable La Nina weather condition was likely to moderate till spring and start weakening thereafter

Import of pepper, earlier classified as 'free', is now 'prohibited'

But the import of pepper above Rs 500 per kg CIF will continue to be free

Govt extends export support to chana dal; to produce 24 mn tonnes of pulses

India is expected to produce around 24 million tonnes of pulses in 2017-18

Nirav Modi scam: Diamond traders now courting firms with long-term credit

Since most banks have tightened lending to diamond merchants and others are about to do so, many medium and small diamond dealers are approaching large players for credit facility within the industry

Gold, metals see quick rebound after US Fed increases policy rates by 0.25%

Standard gold in Mumbai was up 0.7% to close at Rs 30,525 per 10g

Steel exports expected to remain strong on back of higher global prices

Though domestic demand for steel is seen picking up, views remained mixed on whether capital expenditure growth cycle will pick up

MCX plans spot commodity trading in industrial & precious metals and energy

Move will be a major development following Sebi's go-ahead to equity and commodity bourses to enter each other's domains