Page 269 - Commodity News

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

Gold shrugs off weak global cues, rises by Rs 50 on jewellers' buying

Globally, gold fell 0.34 per cent to $1,333.50 an ounce

After rising 71% in Dec, five reasons why gold imports will halve in Jan

After rising by a staggering 71% in Dec 2017, the decline in imports this month has its roots in both tradition and economics

Sugar prices fall below Rs 3,000 a quintal despite govt's bailout measures

S30 variety at mill gate plunges below Rs 3000/qtl, ISMA for allowing exports to Sri Lanka, Bangladesh

Rise in cotton prices, dearth of incentives make exports uncompetitive

Cotton yarn, fabric exports see dismal growth of 0.38% year-on-year in dollar terms in December 2017

Farmers selling cheap, so why do fruits and veggies cost you a bomb?

Foodgrain production in 2016-17 is estimated at 276 million tonnes and in 2017-18 it is targeted at 275 million tonnes

Opec cuts, global demand propel oil to three-year high of $70

Brent hit $70.37 a barrel on Monday, its strongest since December, 2014, which marked the beginning of three years in the doldrums for oil prices

Oil near three-year high of $69.8/bbl on output cuts by OPEC, Russia

a number of analysts have warned that the 13 per cent rally since the start of the year could peter out in the short term due to global refinery maintenance and rising North American production

Gold glitters on global cues, wedding season buying by jewellers, retailers

Bullion traders said the sentiment got a boost owing to a firming trend overseas where gold rose to the highest since September

Unrefined gold imports rise to a record high in 2017, up 80% to 213 tonnes

Half the new capacities were built in states which announced excise tax exemptions - Uttarakhand and Himachal, for instance

Commodity picks: 15 January, 2018

Sugar prices are expected to trade lower towards ~3,150 a quintal in the Kolhapur market from the current levels of Rs 3,200 a quintal

Oilseeds see sharp increase in prices on restocking by crushing mills

India's hike in import duty has led Malaysia to suspend export taxes on crude palm oil for three months effective January 8

Budget 2018: Gems & jewellery sector seeks cut in gold duty to 4%

This cut will address issues under the GST regime in the coming Budget

Aus agriculture minister to visit India soon to resolve pulses trade issue

The Australian government is also looking at other markets such as Nepal, Iran and the UAE for its pulses sale

Oil at $70/barrel for first time in 3 years as production cuts by Opec

Rising prices are putting US production on track to rival both Saudi Arabia and Russia, with output likely to exceed 10 million barrels a day as soon as next month

Here's why investors can't get enough of crude oil with $70 in sight

For many investors, it's all about backwardation. As oil supplies have tightened, near-term contracts have become pricier than later-dated ones

Retail investors give a thumbs up as diamond futures gain traction

Small investors interest rising due to facility invest small amount to buy diamonds

After 6% rise in Jan, steel mills see room for more price hikes next month

Prices of other raw materials have also risen significantly in the past six months

Bumper groundnut crop triggers price crash; farmers hold on to stock

The Bharatiya Janata Party-led state government is acquiring groundnut at Rs 4,500 per quintal; the market price is Rs 3,500 per quintal

India rice exports surge 22% after Bangladesh ramps up purchase

The boost in shipments from the world's top exporter of the grain is set to extend into 2018