Page 275 - Commodity News

Oil prices stable as ongoing Opec cuts countered by rising US rig drilling

Rising US output threatens to undermine efforts to support prices by withholding supplies

Oil prices drop on increased US drilling activity

Brent crude futures, the international benchmark for oil prices, were down 34 cents, or 0.5 percent, at $63.06 a barrel

Commodity Picks: 11 December, 2017

Soybean prices at Indore are trading at Rs 3,087 a quintal

Coal imports rise 40% to 19 mn tonnes on restocking demand in November

The higher volume of imports is mainly due to 4.18 MT increase in non-coking coal imports during the month under review, the data showed

Phoenix looks to India to feed Africa as part of rice expansion

Phoenix, which began as a rice trader in 2000, expects to generate $1.3 billion in annual rice sales over the next three to five years, says Gaurav Dhawan

Cargill plans a pipeline to transport imported crude edible oil

Although the pipeline will be laid in the second phase, this will be the first of its kind project to transport edible oil via a pipeline

Ethanol supply to touch record 113 cr litre in FY18: ISMA

ISMA said 313 crore litre of ethanol is required for 10% blending across the country

Gold slips below Rs 30,000-mark on weak global cues

Sovereign followed suit and declined by Rs 100 to Rs 24,400 per piece of eight grams

Floor price on pepper import fixed at Rs 500/kg

The prices have crashed to Rs 300 a kg, from Rs 730 in the wake of cheaper imports from neighbouring countries

Trade measures boost edible oil industry

Seed prices move up after export sops and import duty hikes

Gold tumbles Rs 200 on muted demand, global cues; silver dips by Rs 500

Globally, gold fell 0.76 per cent to $1,265.90 an ounce and silver by 1.41 per cent to $16.06 an ounce in New York in yesterday's trade

Govt to lift sugar stockholding cap; may raise duty if price fall persists

The government had in July raised the import duty on sugar to 50% from 40% to curb imports and stop building up of sugarcane arrears

Mills fret as prices of sugar and molasses plunge

Price of molasses has declined to Rs 900 a tonne in UP and Rs 2,200 a tonne in Maharashtra. At the peak last year, this was Rs 8,300 a tonne

Sugar mills fret as prices plunge of sugar and molasses

Data from ISMA shows the average cost of sugar production in Uttar Pradesh and Maharashtra at Rs 37 a kg and Rs 34 a kg

India to have gold sourcing standards for refiners

Regulatory model would be in line with the London Bullion Market Association, with govt oversight

Oil on a slippery slope

The rise in global crude oil prices is likely to be a short-term trend, but the outlook for India may be less than benign

Gold plunges Rs 300 on weak global cues, slack demand

Silver also fell by Rs 150 to Rs 39,000 per kg on reduced offtake by industrial units and coin makers

Commodity Picks: 4 December, 2017

Coriander is trading at around Rs 5,241 a quintal in the Kota market

NCDEX's new electronic warehouse receipts create market for invalid stocks

Receipt issued in Gujarat and Rajasthan for guar gum and sesame seed

How Cashews Explain Globalisation

Cultivated in Brazil, exported by Portugal and commercialized by America, the snack enriched India-until Vietnam took over