Page 285 - Commodity News

Govt may sell up to 60% stake in producing oilfields of ONGC, OIL

India is the world's third-largest crude importer, buying 80 per cent of its supplies from overseas

Yogi govt assures no ban on arecanut, review of cess on Karnataka growers

Of the overall arecanut production of 700,000 tonnes, Karnataka alone produces around 500,000 tonnes

Arecanut will not be banned in UP, Yogi Adityanath assures growers

Yogi Adityanath assured that he would stand by the Areca growers

Tea exports surge 4.57% in January-July 2017

Exporters said there has been three primary unique trends in the export market this year

NCDEX gets into warehouse e-repository services, launches NERL

The announcement was made immediately after the government unveiled the electronic negotiable warehouse receipts

Govt launches electronic warehousing receipts

These receipts are issued in negotiable form, making them eligible as collateral for loans

Sebi to allow mutual funds, PMS to participate in commodity futures market

Sebi allows FPIs in non-agri commodity derivatives in Gift IFSC

Thomson Reuters launches commodity indices with MCX today

First-of-its-kind indices to help investors in decision-making, bring transparency in prices

Govt yet to work out iron ore pricing mechanism; firms want benchmarking

While the ministry of mines favours a benchmarked price, the ministry of steel vehemently opposes such a move

China to bring back gold in international settlement with new oil futures

China is working on crude oil settlement in yuan backed by gold to circumvent US dollar settlement

Gold jewellery sees lacklustre sale

The global price fell this week to $1,287 an ounce, the lowest in a month, after the US Federal Reserve affirmed a scheduled upward revision in its policy rate this December

Kharif rice output may dip by 1.9 million tonnes owing to poor rain, floods

The production of pulses and coarse cereals is estimated to have fallen

Weak fundamentals, China capacity cuts to boost aluminium prices: Nalco CMD

Reports indicate 3 Chinese provinces may cut 30% of aluminium smelting and 50% of alumina refining capacity

Gold prices rebound Rs 350 on global cues, weak rupee

In Delhi, gold of 99.9% and 99.5% purity rebounded by Rs 350 each to Rs 30,850 and Rs 30,700 per 10 grams, respectively

OMC floats tenders to develop Kodingamali bauxite lease

Proposed mine expected to come to the rescue of alumina units struggling to arrange raw material from local sources

Oil prices rise set for strongest Q3 gain since 2004

Opec and non-Opec producers including Russia have agreed to reduce output by about 1.8 million barrels per day until March

India's edible oil output to hit all-time high of 7.7 mn tonnes in 2017-18

September rainfall raises prospects of better rabi crop after a poor kharif oilseed output this year

Transporters yet to shrug off GST blues

Diesel prices raising costs; demand low on most routes

Profitability of steel mills may improve in near term: ICRA

Domestic steel prices have registered a healthy growth of 14 per cent during the last three months due to a sharp recovery in international steel prices and improvement in local demand growth

Bitcoin regains some lost ground

JPMorgan Chase CEO Jamie Dimon recently called the cryptocurrency "a fraud"