Page 286 - Commodity News
Agrichem firms in the south better placed
Market in these states is expected to grow 15-20 per cent year-on-year
 "Agrichem firms in the south better placed")
4-month cement slump may end
India's ambitious plans for housing and infrastructure construction may end a slump in cement prices
 "4-month cement slump may end")
ICEX changes trading technology, offers facility to execute large orders
The exchange's total volume, after two weeks of launch, has increased to 17,524 lots
 "ICEX changes trading technology, offers facility to execute large orders")
Non-ferrous mining leaseholders face crackdown
Odisha to send Rs 27,000-cr demand notices to firms for over-extraction
 "Non-ferrous mining leaseholders face crackdown")
Commodities repositories to be launched next week
Finance and trading in negotiable warehouse receipts soon
 "Commodities repositories to be launched next week")
Tata Steel, GMR in Odisha list for excess mining, face Rs 27,000 cr fine
State has prepared draft notices for extracting cost of excess production from coal and other non-ferrous mines like chromite, limestone and dolomite
 "Tata Steel, GMR in Odisha list for excess mining, face Rs 27,000 cr fine")
Commodity picks: September 18, 2017
Cotton oilcake prices are currently trading at Rs 1,500 a quintal in the Akola market
Gold imports jump three-fold to $15 bn as festive season nears
The imports are expected to increase on account of the forthcoming festival season, which will start from the end of this month
 "Gold imports jump three-fold to $15 bn as festive season nears")
NCDEX allays jeera traders' fears of poor quality dispatch to warehouses
Traders were concerned over 'high-moisture' jeera crop, on account of incessant rainfall
 "NCDEX allays jeera traders' fears of poor quality dispatch to warehouses")
Nashik's Lasalgaon Mandi remains shut as govt raids large onion farmers
The street remained deserted with onion growers abstaining from bringing any stock to the yard
 "Nashik's Lasalgaon Mandi remains shut as govt raids large onion farmers")
Ban on export of tur, urad and moong dal lifted: Govt
India banned exports of pulses a few years ago when domestic prices jumped due to a production shortfall
 "Ban on export of tur, urad and moong dal lifted: Govt")
Six Nashik mandis shut due to sudden fall in onion prices
The average wholesale price of onion in Nashik, which was ruling at Rs 20/kg early this month
 "Six Nashik mandis shut due to sudden fall in onion prices")
Gold prices dip by Rs 100 to below Rs 31,000 mark on weak demand
Globally, gold fell 0.20% to $1,326.30 an ounce in Singapore
 "Gold prices dip by Rs 100 to below Rs 31,000 mark on weak demand")
Rubber import drops 7% in FY17
Imports are expected to drop further to 3,20,000 tonnes in FY18
 "Rubber import drops 7% in FY17")
Spice Board recommends ban on cheap pepper imports as prices fall
From Rs 450 per kg 2 months back, pepper prices dropped to Rs 400 a kg on Wednesday
 "Spice Board recommends ban on cheap pepper imports as prices fall")
Coal prices to stay firm on higher power demand
E-auction of coal accounts for 15-20% of CIL's volumes but contributes 60-70% to the net profit
Crude palm oil prices may decline up to 15% by year-end
Industry experts say bumper supply from Malaysia, Indonesia could pull down prices
 "Crude palm oil prices may decline up to 15% by year-end")
Higher metal prices to erode India Inc's margins
Metal prices are up nearly 22% on average during the year so far, pushing up manufacturing costs for Indian companies
 "Higher metal prices to erode India Inc's margins")
Commodity derivatives markets caught in a downturn
Volumes fall to lowest levels after 2010, players lose interest, and brokers move to other businesses
 "Commodity derivatives markets caught in a downturn")
Gold retakes Rs 31,000 level on demand push, soars Rs 650 per 10 grams
But silver fell sharply by Rs 350 to Rs 41,500 per kg, mainly due to softening demand by industrial units
 "Gold retakes Rs 31,000 level on demand push, soars Rs 650 per 10 grams")