Page 266 - Commodity News

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

Aluminium scrap import rises with surge in primary metal prices

Government wants to promote scrap recycling as an ecofriendly step

As coal prices rise, power cos feel the heat with higher cost pressure

Thermal power producers in India who are dependent on imported coal now face the tough situation of higher cost of production

Soybean rates spike in Madhya Pradesh, Maharashtra

The sharp rise comes weeks after MP's price deficit scheme closed in December

Onion price declines 25% on sharp increase in arrivals at major mandis

Over 1,800 tonnes of onions arrived on Thursday and 1,600 tonnes on Monday

End of Regional commodity exchanges: Hapur awaits Sebi nod for closure

Four other bourses had to shut shop earlier due to thin volumes and stringent Sebi norms

Rs 26 billion special package likely for leather and footwear industry

The grant will generate 300,000 jobs, will be used will be for human resource development, setting up clusters, environment protection and export promotion, among others

Altcoins enter India: Trade in Litecoins on Zebpay; Ethereum coming soon

Next month, Zebpay is planning to introduce trading in Ethereum, the second-largest cryptocurrency with a 25% market share

SC asks Odisha to take steps to collect Rs 70 bn unpaid penalty from miners

Payment of fine with penalty may reopen closed mines and boost iron ore output

Gold regains sheen on demand in jewellery market; silver still weak

In the national capital, gold of 99.9 per cent and 99.5 per cent purity bounced back by Rs 120 each to Rs 31,240 and Rs 31,090 per 10 grams, respectively

Commodity Picks: 29 January 2018

Sugar prices in Kolhapur are expected to head towards Rs 3,000 per quintal

Polished diamond prices rise 3-4% on robust domestic and foreign demand

The price rise during the ongoing lean season is unusual

Gold sheds Rs 250 to Rs 31,200 over slowdown in buying by local jewellers

Bullion traders said fall in demand from local jewellers and retailers at existing levels at the domestic spot market mainly pulled down gold prices

India to become self-sufficient in pulses in FY19, on record rabi output

Kharif output also up, rabi record due to higher acreage, favourable agro climatic condition

Sugarcane arrears relatively lower at Rs 78.26 bn in ongoing season

Cane arrears are lower than the last season because of various measures taken by the central government and efforts of state governments

Gold hits 14-month high at Rs 30,560 per 10 gms on dollar's depreciation

The dollar index has fallen over 10 per cent over the past quarter on a growing US economy

Gold price likely to peak at $1,500 per ounce by year-end, says GFMS

The gold survey also said the year 2017 had seen a good demand for the yellow metal by central banks

Gold tipped to break $1,500/oz this year to hit 5-year high: GFMS

In the final update to its Gold Survey 2017, GFMS said other factors feeding into that could lift gold to an average $1,360 an ounce this year

Gold at Rs 31,450 touches 14-month high on overseas cues and local buying

Tracking gold, silver ready jumped Rs 1,100 to Rs 41,000 per kg and weekly-based delivery Rs 1,190 to Rs 40,130 per kg