Page 278 - Commodity News

Country's biggest tax increase in a decade may cut palm oil imports

India raised its import tax on crude palm oil to 30 per cent from 15 per cent, while the duty for refined palm oil has been raised to 40 per cent from 25 per cent

Did inside info help big refiner mint money ahead of edible oil duty hike?

On Monday, the largest position holder in soy oil held 31,940 lots long against the largest short seller's 6,310 lots, indicating he foresaw a steep rise in import duty

Vedanta set to overtake Aditya Birla group as largest aluminium maker

Total capacity of Aditya Aluminium and Hindalco of Birla group is 1.32 mn tonne; in comparison, Vedanta is on course to clock 1.6 mn tonne this year

Sugar production up 79% at 1.37 million tonnes till Nov 15: ISMA

In a statement, ISMA said higher output so far was on account of early crushing operation.

Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production

Prices are up from Rs 4-5 last year as poultry farms reduced production for 2017 because they did not get better rates last year

100 for Rs 500: Egg prices up 25% in 1 month, chicken down by 30%

Supply deficit in eggs likely to continue for few more months, prices to remain firm till Feb or March

India Inc faces commodity rally challenge to manage costs

Both large and mid-sized companies are working to mitigate commodity price risks

CAIT asks govt to include 20-carat gold in hallmark standards

Move expected to help jewellers in extending reasonable price offers to their customers

Commodity picks: 20 November, 2017

Soybean prices at the benchmark Indore markets are trading at Rs 2,766 per quintal

Gold jumps Rs 325 on wedding demand, global cues; silver recovers Rs 600

Moreover, a firm trend in global markets amid a weak dollar boosted the sentiment

Oil prices, opposition to TransCanada surge in US after Keystone oil spill

The spill gave further ammunition to environmental groups and other US opponents of another pipeline the company has proposed, the long-delayed Keystone XL

Rising gas prices hurting Essar Steel, Torrent Power margins

While company officials declined to comment, they said volatility in gas prices was a challenge

Bayer responds to CCI queries on Monsanto deal

In India, the integration process is subject to approvals from CCI

Assam tea to see higher prices in 2018 auctions as production falls

Officials are of the view that a production shortfall in North India will result in a supply shortfall with regard to the current demand situation

Costlier raw material hikes up plastics prices

Plastic manufacturing and processing tends to be a low-margin business

Rice prices climb on improved overseas demand, fresh crop supply caps gains

The recent harvest mainly served domestic demand and didn't affect export price

K'taka asks Centre to procure groundnut as prices crash below MSP

Bumper production of groundnut has led to price crash under minimum support price in Karnataka

Gold sells at a discount after 3 months, with introduction of import curbs

In October, gold import fell 16% to $2.94 bn, which works out of to around 75 tonnes

Govt finalising jewellery hallmark rule; refineries to self-certify

Industry protests, says self-certification without external intervention can be risky, prone to misuse

Health crisis: From lifestyle disease to malnutrition

Life expectancy at birth goes up 10 years since liberalisation