Page 265 - Commodity News

No upper limit to durations of contract farming, says panel

Stakeholders in the farming sector have suggested the maximum time limit be done away with

Gold plunges by Rs 600 to below Rs 31,000 level on weak global cues

Following gold, silver ready tumbled by Rs 450 to Rs 38,900 per kg and weekly-based delivery by Rs 820 to Rs 37,735 per kg

Gold hits four-week low on firmer dollar amid US rate hike views

US gold futures for April delivery were nearly flat at $1,314.50 per ounce

Govt fixing sugar release quota for mills to arrest falling prices

Move comes days after govt doubled import duty on sugar to 100%, from existing 50% to check cheap imports from Pakistan

Supreme Court cancels Goa iron ore mining leases due to hasty renewal

The apex court had directed the state government to grant fresh licences in accordance with mining laws

Global gold prices rise 0.3% after dropping more than 1% over last 3 weeks

Asian share markets were trying to find their footing on Wednesday as a semblance of calm returned to Wall Street

Crude oil prices will float between $60-70 per barrel in 2018: BS poll

Recently, crude prices went above US$ 70 per barrel and slumped more than 1%

Gold prices fall by Rs 50; silver slips below Rs 40,000 on sluggish demand

Globally, gold fell 1.14 per cent to $1,323.70 an ounce and silver by 0.54 per cent to $16.62 an ounce in New York on Tuesday

Maharashtra plans to buy state's one-fourth sugar output to support prices

local sugar prices have fallen 17 percent since the start of the marketing year on Oct 1, making it difficult for the mills to make payments

Govt doubles import duty on sugar to 100%, increases chana to 40%

This comes days after the government lifted the minimum export price (MEP) of onions

Mines-to-market integration: Gold mining lands on policy makers' table

Experts say policy incomplete without promoting mining, India has potential to mine 100 tonnes of the metal per year

India's gold demand rises 9% in 2017 on jewellery purchases, says WGC

Robust December quarter boosts growth; policy on metal likely by July

India's edible oil market crossed Rs 1.3 trillion mark in 2017: Research

Edible oil formed over 30 per cent of the Rs 4.34 trillion packaged foods market in India, compared to the 8.8 per cent share held by rice, pasta and noodles

Gold jumps to 14-month high as global stock markets face meltdown

The gains were also supported by strong demand from local jewellers to meet the wedding season demand

Global gold demand dips 7% but jewellery demand up: World Gold Council

The total jewellery demand grew by 4 per cent (82 tonne) to 2,136 tonne from 2,054 tonne in the same period last year

Import duty on sugar may be hiked to 100% to protect farmers: Food ministry

India's sugar production estimate has been revised upward by 4 per cent to 26.1 million tonnes in the current 2017-18 marketing year (October-September)

A costly affair: Draft National Mineral Policy dashes hopes of investments

India is one of the least explored countries in the world with an exploration spend of $15-20 million annually

Copper producers switch to provisional pricing; aim to avoid losses

Aim to avoid losses from sudden spurt in procurement costs

Commodity Picks: 5th February 2018

Sugar prices in Kolhapur are trading at Rs 3,050 per quintal

Govt ends MEP on onion, allows domestic traders to ship all varieties

The MEP decision had been taken after the price had risen to its highest in two years