Page 267 - Commodity News

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

Caustic soda price spikes on closure of manufacturing plants abroad

Chlorine prices have improved to negative of Rs 2,000-3,000 a tonne due to healthy demand

Milk powder prices see some recovery but industry seeks import restriction

Sources in the sector say the lean season for cow milk has started in Maharashtra, Tamil Nadu and Karnataka

DGAD begins probe on imports of coated paper

The DGAD has said there is no investigation into imports from Indonesia and Korea

2018 to be the year of silver? White metal expected to outperform gold

Expensive equities and bonds, and a breather in Bitcoin and gold-silver ratio indicate the white metal could see a price surge in the days to come

Amid weak prices of agri commodities, robust rice demand bucks the trend

The price of rice has been ruling high, mainly on robust exports, demand from mills, and the entry of traders who lost in other commodities like oilseeds and pulses

Wedding season demand, positive global cues push gold prices up by Rs 25

Silver held steady at Rs 39,900 per kg on scattered deals from industrial units and coin makers

Budget 2018: Petrol prices hit highest level since Modi came to power

Diesel also touched record high of Rs 63.20 a litre, prompting oil ministry to seek cut in excise duty in the upcoming Union Budget

Wheat, sugar, other crops price to remain sluggish in 2017-18: NCML

Upside in mustard seed and maize prices too might be capped

Cotton spinners pin hopes on demand uptick to improve margins

The industry is also expected to see a bumper crop, which could bring down cotton prices to some extent

Gold mkt mulling blockchain for $200 bn of supply to prevent terror funding

Markets in commodities from crude oil to diamonds and even tomatoes are looking at using the digital ledger technology that underpins cryptocurrencies like Bitcoin

10 years of stability shows gold is best hedge against risks in equities

A weaker dollar, stretched valuations in stocks and declining crypto currencies could induce volatility in gold, going forward

Problem of plenty: Milk procurement hit, prices to dairy farmers drop 20%

A private dairy based in the NCR said the market was flush with SMP and prices had fallen to Rs 150 a kg or so in the domestic market, down by 30 per cent

World Gold Council investigates global standard for gold kilobars

WGC talks on creating a global kilobar standard would aim to include companies from the world of gold refining, banks and brokers

Iron ore production projected to fall 15% after two years of growth

The shunting out of operations of seven working iron ore leases in Odisha on January1 this year will impact production as their combined annual capacity is 20 million tonnes per annum

Incentivise banks to promote gold monetisation: India Gold Policy Centre

The paper quotes a nation-wide survey-based study of 1,171 households as well as an interview-based study of senior management of six banks, five gold refiners and one industry consultant

Combined sugarcane payment arrears to farmers hit all-time high in December

Last week, the National Federation of Cooperative Sugar Factories (NFCSF) proposed the government create a buffer stock of two mt

Commodity Picks: 22 January 2018

Sugar prices are expected to trade lower towards Rs 3,050 a quintal in the Kolhapur market

Gold breaks two-day slide, recovers Rs 20 amid fresh buying by jewellers

Sovereign, however, remained unchanged at Rs 24,800 per piece of eight grams

Gold extend losses, down Rs 120 on lacklustre demand, silver up Rs 50

Gold had dropped by Rs 150 per 10 grams yesterday