Page 287 - Commodity News
Aluminium prices may stay positive in second half of FY18: ICRA
The International prices of aluminium have sharply risen by over 10 per cent in last month
 "Aluminium prices may stay positive in second half of FY18: ICRA")
Darjeeling tea workers may get equity stake in gardens
The Tea Board will meet on September 18 to discuss this proposal
 "Darjeeling tea workers may get equity stake in gardens")
Gold overcomes slow global trend with festive rush, tops Rs 31,000-mark
Increased local buying fulled by the festive season demand drove gold prices, but a weak overseas trend acted as an overhang
 "Gold overcomes slow global trend with festive rush, tops Rs 31,000-mark")
Commodity picks: September 11, 2017
Maize prices are trading at Rs 1,505 a quintal expected to trade towards Rs 1,470 a quintal
Gold zooms Rs 990 to hit 11-month high of Rs 31,350 on positive global cues
Silver rose to Rs 42,000 per kg backed by increased offtake by industrial units and coin makers
NSEL scam: NCLT directs govt to put interim report on record
SFIO's report on FTIL, others to be submitted within 2 weeks
 "NSEL scam: NCLT directs govt to put interim report on record")
US probes possible dumping of steel flanges from China, India
Steel flanges from China and India were valued at an estimated $16.3 million and $32.1 million
 "US probes possible dumping of steel flanges from China, India")
US cuts anti-dumping duty on Indian shrimps
The duty finalised is lower than the previous review rates
 "US cuts anti-dumping duty on Indian shrimps")
Jewellery sales decline by half in four weeks on PMLA extension
Jewellers say the limit of Rs 50,000 too low, will meet Commerce Ministry official on Friday
 "Jewellery sales decline by half in four weeks on PMLA extension")
Supercomputers to give IMD a boost
Meteorological department's computing capacity to jump more than sixfold
 "Supercomputers to give IMD a boost")
Street calm despite dip in cement prices
Analysts see buying opportunity on strong demand outlook
 "Street calm despite dip in cement prices")
Gold falls by Rs 190 over global cues, weak demand as 'shradh' kicks off
Silver also slipped below the Rs 42,000-mark by falling Rs 100 to Rs 41,900 per kg
 "Gold falls by Rs 190 over global cues, weak demand as 'shradh' kicks off")
Sugar output may rise 24.2% to 25.1 mt in FY18: Source
Higher output will help India to obviate import needs in the next season
 "Sugar output may rise 24.2% to 25.1 mt in FY18: Source")
Higher aluminium prices spell good news for Vedanta, Hindalco
After consolidating during April-July period, aluminium prices resumed their journey in August
 "Higher aluminium prices spell good news for Vedanta, Hindalco")
Darjeeling tea to resurface after gardens reopen
As soon as the estates reopen, it will take at most five days for the gardens to initiate sales
 "Darjeeling tea to resurface after gardens reopen")
Huge potential for agri export from northeast: Study
Finding was part of a plan prepared by Sathguru Management Consultants, commissioned by Apeda
 "Huge potential for agri export from northeast: Study")
Pulses farmers income fell 16% in 2016-17: Crisil study
Record output cited for decline, study urges allowing exports, calls for stronger futures market
 "Pulses farmers income fell 16% in 2016-17: Crisil study")
Gold halts 3-day rise, sheds Rs 50 to Rs 30,550 per 10 grams on weak demand
Silver recaptured the Rs 42,000-mark due to increased offtake
 "Gold halts 3-day rise, sheds Rs 50 to Rs 30,550 per 10 grams on weak demand")
Govt to fix 300,000 tonne import quota for sugar mills in southern India
Concession rate of 25% to be applicable on imports
 "Govt to fix 300,000 tonne import quota for sugar mills in southern India")
UP to clock record sugar output of 9.7 mn tonnes in upcoming season: Icra
The state is expected to produce 11.5% more sugar
 "UP to clock record sugar output of 9.7 mn tonnes in upcoming season: Icra")