Page 268 - Commodity News

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

Bad news for Indian, Chinese polyester makers: US imposes anti-dumping duty

RIL is the largest producer of polyester fibre and yarn in the world, with a capacity of 2.5 million tonnes per annum more than half of almost half of India's overall capacity of 4.5 MT

MCX starts enrolling bank subsidiaries for trading in commodity derivatives

Axis Sec first member to provide broking services; exchange also plans new contracts

ISMA raises sugar output estimate by 4% to 26 mn tonnes due to good monsoon

Mills' body alarmed at likely fall in price; ask govt to negotiate for export to neighbouring countries

Will Brent touch $80? Six reasons why crude oil prices will rise in 2018

Analysts are already turning bullish on crude oil prices with several of them revising their earlier forecasts upwards

MCX gets Sebi's approval for deliverable futures contract in brass

The exchange is also proposing rubber, diamonds futures, and options in crude oil, silver, copper and zinc

ISMA raises sugar output estimate by 4% to 26 mn tonnes due to good monsoon

Sugar prices have started falling below the cost of production and this could lead to cane payment arrears

Sponge iron prices zoom 25%, pig iron up 17% on hike in ore and coal rates

Unlike integrated steel plants which use iron ore fines, pellets and lumps to produce steel, sponge iron makers in India mostly use ore lumps in their Direct-Reduced Iron (DRI) furnaces

Foundry industry melting down as steep iron ore prices take a toll

In industries like automobiles, where foundries have a margin of 7-8 per cent, passing over the increase in cost is the only option available

Foundry industry melting down as steep iron ore prices take a toll

In industries like automobiles, where foundries have a margin of 7-8 per cent, passing over the increase in cost is the only option available

Foundry industry melting down as steep iron ore prices take a toll

In industries like automobiles, where foundries have a margin of 7-8 per cent, passing over the increase in cost is the only option available

Domestic demand boosted India's gold imports by 53% in 2017 to 846 tonnes

The world's second largest gold consumer had imported 550 tonnes of the metal in 2016