Page 273 - Commodity News

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

Maharashtra govt raids seed producers and distributors, collects samples

Seed producers say the govt's move would discourage research and investment in seed development sector

Wage hikes to dent tea gardens' profits

Wages of 1.11 million tea workers in Assam and West Bengal are due for revision

2018 seen tough for cargo shipping as overcapacity threat heightens

In 2016, India's container market witnessed a growth of about 10-11%, while in 2018 growth is estimated between 8-10%

Jan 14 date set for options trading in guar seed

The guar seed options contract will begin a new era of electronic trading of agricultural commodities

Steel production surges to 69 mn tonnes, consumption rises 4% in April-Nov

India's import of total finished steel at 5.534 million tonnes in April-November was up by 16.9%

Foodgrain production to remain at last year's record level in 2018

Farmers' woes may continue if prices crash below the support price

Coal India ups production; stocks in power plants to ease by January

The Central Electricity Authority guidelines state that power plants need to maintain 22 days of coal stock

Dumping of potato in Agra and other parts of UP as prices slump

Barring some centres, the price quoted is Rs 4-5.5 a kg across the country, against a cost of production of around Rs 5 a kg

Further surge in pepper prices after minimum import price imposed

India's demand for pepper has been increasing at around 4% annually

Gold demand in Asia softens on higher prices, slow holiday trade

In Tokyo, gold was sold at par to a 25-cent premium to spot this week, largely unchanged due to a quiet market ahead of the year-end holidays

SHAKTI coal linkage bidding: 10,000 MW of stressed units to get supply

The bidding was for power units with power purchase agreements (PPAs) but no long-term coal supply

Jute sack standard dilution has hit PDS, storage: FCI

FCI has the responsibility for maintaining a buffer stock for a period of eight to 12 months, at least

NCDEX slashes transaction fee in sugar futures

Aims to attract traders after govt removes stockholding limit

Jute sack standard dilution has hit PDS, storage: FCI

FCI has the responsibility for maintaining a buffer stock for a period of eight to 12 months

MMTC aims to complete stake sale in Indian Commodity Exchange by 2017-end

MMTC is exiting ICEX as being a minor equity participant, it would be deprived of any say in decision making

Tea firms work out hedging mechanism

If the price is higher than the producer's listed price, the garden will have to pay the differential to the broker

Buying by stockists likely to push up sugar prices

Govt lifts stock limit on traders; may trigger 1.5 mt of fresh purchases to fill inventories

Sugar stockholding limit scrapped to keep prices under control

India is one of the world's top sugar consumers

Gold softens by Rs 25 on muted demand; silver remains steady

In the national capital, gold of 99.9 and 99.5 per cent purity shed Rs 25 each to Rs 29,525 and Rs 29,375 per ten gram respectively