Page 261 - Commodity News

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

India's cotton plantings to fall as pest dents farmers' income

Indian farmers have adopted genetically-modified seeds known as Bt cotton that are resistant to bollworms, but it hasn't stopped the infestations

Top jewellery brands Tanishq, TBZ, Kalyan under human rights scanner

Totally 13 global brands were surveyed by NGO on whether they ensured human right protection while sourcing when gold and diamonds

Sugar mills urge govt to re-introduce minimum indicative export quota

Ask for an earlier scheme to be revived as prices slide after surplus production

Nalco, Canada's Almex to forge JV for Rs 25 bn auto-grade aluminium unit

The project, spread across 50 acres, will come up at the downstream aluminium park at Angul (Odisha) close to Nalco's aluminium smelting unit

Domestic steel companies to urge Centre for anti-dumping duty revision

Anti-dumping duties are taken to ensure fair trade and provide a level-playing field to the domestic steel industry

Sugar bears come out to play as India, Thailand post record harvests

The investors are holding the biggest net-short position, or bets on declining prices, in six weeks

Gold discounts unchanged as Gudi Padwa fails to lure buyers

Domestic gold prices hovered around Rs 30,329 per 10 grams on Friday

Tamil Nadu to switch to revenue sharing formula to fix sugarcane price

The state has decided to switch over to the revenue sharing price fixation model from the current season

Gold policy likely to boost supply by Indian refineries

The proposed policy is to address the issues of transparency in gold and jewellery retailing, hallmarking and financing against gold

Pest infestation likely to lower cotton output by 10% across major states

The Maharashtra government has estimated at least a 17% decline in the state's output

Moody's raises crude oil price forecast to $45-65/barrel on global demand

Oil prices have firmed since oil cartel OPEC's November 2016 agreement to cut oil production by 1.2 million barrels per day (bpd), while non-OPEC members, led by Russia, agreed to reduce output by 558

February palm oil imports seen climbing on strong summer season demand

Total vegetable oil purchases decreased 5.4 per cent to 1.2 million tonnes

Mandatory hallmarking of gold jewellery in phases, BIS rules to be notified

Measure to be implemented in metros first, followed by state capitals, district HQs and rest of country

Oil pares gains as Opec expects output from non-members to grow

OPEC cut its forecast for demand for its own crude in 2018 by 250,000 bpd to 32.61 million bpd, marking the fourth consecutive decline

Farmers get another relief as Centre lowers price of BT cotton seeds

The move comes hours after thousands of farmers in Maharashtra protested in Mumbai seeking loan waivers, among other demands

Cold storages: Nearly 50-fold rise in projects approved by govt incentives

Nearly 50-fold rise last year in projects approved, pushed partly by govt incentives; over 30% annual growth estimated for segment in coming years

Maharashtra farmers, across all crops, have much to complain about

There has been some improvement in prices of oilseed and gram after the central government increased their import duties

Shares of sugar companies fall by up to 75% due to a sharp fall in prices

Share price of Riga Sugar is down 74 per cent to Rs 10.2 since its peak of Rs 39.9 in April last year