Page 280 - Commodity News

Govt plans to make hallmark for gold jewellery mandatory by January

Ram Vilas Paswan said BIS mark is used on some jewellery but that doesn't sufficiently convey quality of jewellery to consumers

Soybean prices fall below MSP as arrivals surge during peak harvesting

Govt likely to step in for procurement in Maharashtra and Rajasthan to help farmers

Bitcoin exchange adds 100,000 users in a day

Coinbase Inc added more than 100,000 users in the past 24 hours

Bitcoin is very definition of a bubble: Credit Suisse CEO

Other bankers have also expressed scepticism about the currency

Bitcoin surges past $7,000 to extend record rally

CME Chief Executive Officer Terry Duffy said that the firm's job is to "manage risk, not decide what the price of a product is"

Ruchi Soya to sell 51% to Devonshire for Rs 4,000 cr

PE firm will take total control in specific edible oil brands and their distribution

World food prices fall 1.3% in October as valuations drop: UN FAO

Food prices on international markets were 2.5 per cent higher than their values last October, but 27 percent below the all-time high hit in February 2011

Karnataka planters say Coffee Board output forecast inflated

The Board's estimate for Karnataka is 251,760 tonnes, from 221,745 tonnes last year

Paper industry wants industrial plantation policy

Most paper mills source raw material in the form of trees and plants from plantations owned by farmers, since regulations don't allow industry ownership

Nod to Rs 10,000-cr bank aid for fertiliser subsidy

Govt making available urea and 21 grades of phosphate and potassium fertilisers to farmers at subsidised prices

Govt raises ethanol procurement price by 5% for 2017-18

Sugar mills welcome move, say supply will increase, perhaps to 2015-16 level

Govt tweaks agri growth plan to make farming a profitable profession

Now, the scheme has been rebranded as RKVY-Remunerative Approaches for Agriculture and Allied sector Rejuvenation (RAFTAAR)

Green signal to 73% stake sale in Dredging Corp

LPG cylinder to cost Rs 93 more now; jet fuel price up by 2%

Subsidised LPG price has been hiked by Rs 4.50 per 14.2- kg cylinder to Rs 495.69.

Edible oil refinery capacity rises on import duty hike

Indonesia seeks trade pact to protect interest of palm oil intermediaries

Gold demand remains dull post Diwali even after drop in prices

Gold prices in India slipped to 29,209 rupees per 10 grams on Friday, the lowest level in about two months.

CACP proposes Rs 20 per quintal hike in sugarcane FRP for next season

The fair and remunerative price (FRP), the minimum price sugar mills have to pay to farmers, has been fixed at Rs 255 per quintal for the 2017-18 season that starts from this month

Oil steady near $52 as Saudi prince backs Opec cuts

Speculation mounts that supply curbs by members of the Opec and its allies will be prolonged

Govt gives tech push to revive powerloom sector

The aggregation of demand and bulk procurement will also lead to a reduction in capital cost

Sugar prices to decline as UP, Maharashtra begin cane crushing

The market expects a rise in sugar output of 24% this year