Page 270 - Commodity News

Southern sugar mills operating at 25% capacity due to chronic cane shortage

Increase in production cost, reduction in sugar prices increased pressure

Paradox: Though govt buys groundnut below MSP, farmers won't sell to mills

Farmers atre still hoping their produce will be procured at a higher rate by the state

Murugappa Group sees Tamil Nadu sugar production plummeting this year

With consumption and production more evenly matched, sugar prices are expected to remain stable at the level of Rs 33-34 a kg

Commodities are on their longest winning streak as crude oil rallies

Bloomberg Commodity Index set for 15th consecutive session climb; gauge moves higher as base metals advance

Govt may hike import duty on sugar to check any cheaper shipments from Pak

Pakistan is planning to give a subsidy on sugar exports that could make it cheaper for Indian markets, necessitating an increase in imports

Onions making you cry? Increased supply to cool down prices in 2 weeks

As farmers await warm weather to boost harvesting, supply to mandis might increase by the third week of January

States sluggish in preparing action plans for lapsing mine leases

The data colleted by the Union mines ministry shows 288 leases are due to lapse by March 31, 2020

NCDEX proposes delivery-based metals contracts to capture Indian prices

NCDEX is also considering location-spread contracts for agri commodities

Change in functions of commexes' clearing corporations

They will not give financial counter-party guarantees for physical deliveries

After falling three straight months, gold imports surge 37% in December

According to the World Gold Council, Indian consumers probably bought 650-750 tons of the metal last year

Gold prices regain sheen on global cues, silver tops Rs 40,000 level

Globally, gold rose by 0.72% to $1,322 an ounce and silver by 0.58% to $17.20 an ounce in New York yesterday

WDRA to ban paper warehouse receipts by March; issue via electronic modes

Electronic warehouse receipts will be transferred through repositories

Sales pick up as prices bottom out

ISMA announced the production trend, suggesting a 26% jump in sugar production in the 2017-18 season

Sugar mills face margin squeeze

Most sugar mills had reported healthy profits in the October-December quarter last year

Oil hits highest since mid-2015, then dips

The spread between US crude and Brent hit the narrowest in nearly two weeks

India stares at drop in onion output in 2017-18

However, potato production is set to increase around 1% more than last year

Jewellery exports down, likely to fall more in FY18

Trade points to demand problem in key markets, recent levy in West Asia and GST-delayed refunds

Iron ore prices on fire as Odisha miners, NMDC hike prices

In wake of SC order for hefty compensation or closure for earlier illegal production; financial stress rises for steel makers

Reversing crude oil cycle is bad for India

Threats of supply disruption caused by political trouble may add to upside pressures due to supply cuts agreed upon by other Opec members and Russia

Average aluminium prices to move up by $150 in 2018-19: Nalco CMD

Aluminium prices have been on an upswing since 2015-16 when prices stood at $1,592 per tonne