Page 271 - Commodity News

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

Gold sparkled in 2017 despite record surge in US stocks, 3 Fed rate hikes

Bullion for immediate delivery advanced as much as 0.5% to $1,309.32 an ounce, the highest level since September 26

Oil prices open at $67 per barrel; highest since 2014

Even without the unrest in Iran, which is a major oil exporter, market sentiment was bullish

Coffee exports rise 17% in 2017, may not be as good in 2018

Of the total exports, India exported 77,770 tonnes to Italy, 41,064 tonnes to Germany and 29,531 tonnes to Russia during the year

Investors bet big on silver for 2018

The underperforming metal for 2017 expected to return 17-20%

Base metals to remain bullish in 2018

Coal, iron ore and steel might see some moderation in the first quarter of 2018

Cotton was '17's star crop, and funds have high hopes for '18

Cotton was also one of the few crops that hedge funds got more positive on during the course of the year

Non-payment of fines to shut off 20 mn tonne iron ore capacity in Odisha

The deadline for paying compensation for overproduction of iron and manganese ore according to SC judgment was December 31

Winning streak made cotton star crop of 2017; here's what to expect in 2018

Cotton's stellar performance came as crop woes in Pakistan and India, two of the world's biggest growers, raised prospects for American shipments

Traders want CTT abolished in processed agro commodities

The industry body has also urged the government to exempt CTT on delivery based non-agri commodity derivatives contracts

Commodity futures clock lowest turnover in 3 years

The benchmark BSE Sensex posted strong returns of 28% in 2017 at its closing of 34,056 on December 29

Gold, silver end 2017 on a high; post annual gains

Silver maintained its upward march and added another Rs 280 to reach Rs 39,980 per kg backed by increased offtake by industrial units and coin makers