Page 272 - Commodity News

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

Price rise boosts margins of tea companies

Realisation for north-based tea companies have been higher this year over last year

Gold breaks above $1,300, on way to best year since 2010

The dollar's drop to three-month lows versus a basket of currencies on Friday lifted gold to its highest since mid October at $1,303.90 an ounce

Tariff changes fail to lift mandi prices of pulses, oilseeds

Tariff policy changes take three to six months to show results on the ground

Pulses cooking sharply below minimum price

While tur, masoor (both red lentils) and moong (green gram) have recovered after falling sharply in November, these are up to 23% below the MSP

Petcoke issues could nudge cement firms towards coal

Thermal coal also attracts a 6% countervailing duty on import, which is where Coal India's supply assurance is relevant

After NMDC, Odisha miners follow suit and hike iron ore prices

Key merchant iron ore producers in Odisha like Rungta Mines and KJS Ahluwalia have gone for sharp price increases

Gold rises on weakening dollar; heading for best year since 2010

Among the precious metals, palladium also has been the best performer this year, rising more than 57% on strong demand

Apparel export falls 10% in November

Industry body attributes it to rupee appreciation, post GST measures

Gold hits 1-month high on weak dollar, holiday trade

Gold prices have risen from a near five-month low of $1,235.92 touched earlier this month

Mining firms in Odisha scurry to pay SC-ordered penalty

Tata Steel, Rungta Mines take lead in payments

Oil falls from 2015 highs as rally runs out of steam

US West Texas Intermediate (WTI) crude futures were at $59.53 a barrel, down 44 cents from their last settlement

Strong orders to push up exports of shrimps

The growth in demand of Indian frozen shrimp is expected to continue, despite the negative sentiments regarding the imposition of a ban on Indian shrimps

Gems & jewellery exports up 50%

Seasonal demand has caused exports turnaround in November, after falling over 13% during April-October

Gold recaptures Rs 30,000-level, hits 3-week high on firm global cues

The precious metal had gained Rs 290 in the previous three sessions

Oil soars, Brent crude hits $67/bbl for first time since mid-2015

Armed assailants blew up a pipeline pumping crude oil to the port of Es Sider on Tuesday, cutting Libya's output by up to 100,000 barrels per day (bpd), according to military and energy sources

Fruit and vegetable exports dip on stringent global norms

The decline in India's fruit and vegetables exports can be attributed to frequent changes in government's norms