Page 290 - Commodity News
Dairy firms' Q1 profit margins slip on high milk procurement cost
A possible decline in milk prices by Rs 1-2/litre in October may provide cushion in December quarter
 "Dairy firms' Q1 profit margins slip on high milk procurement cost")
South Korean gold import: Govt revenue loss to cross Rs 700 cr by month-end
Traders appear to have found a lacuna that allows them to dodge applicable duties
 "South Korean gold import: Govt revenue loss to cross Rs 700 cr by month-end")
NAFED to procure pulses, oilseeds using NeML platform
NeML would work with NAFED team at Centre and states to ensure execution of e-procurement
 "NAFED to procure pulses, oilseeds using NeML platform")
India-made garments have the largest pie in US imports in H1
Exporters see rupee appreciation against dollar to be a major hurdle going ahead
 "India-made garments have the largest pie in US imports in H1")
Target to raise tea exports by 22% in 3 yrs might be difficult: Here's why
Orthodox tea variety production stagnates; Kenya and Sri Lanka are eating into India's main markets
 "Target to raise tea exports by 22% in 3 yrs might be difficult: Here's why")
Govt revises grain output to record high of 275.68 million tonnes in FY17
India achieved record production of rice, wheat, coarse cereals, pulses in 2016-17
 "Govt revises grain output to record high of 275.68 million tonnes in FY17")
Rising commodity prices to take a toll on Q2 results
Raw material, fuel prices have risen 5-15% since July, are expected to remain elevated
 "Rising commodity prices to take a toll on Q2 results")
Wheat output seen at all-time high, at 98.38 mn tonnes in FY17: govt
Rice output is estimated at 110.1 million tonnes
 "Wheat output seen at all-time high, at 98.38 mn tonnes in FY17: govt")
Gold drops below Rs 30,000, silver plunges Rs 800 on subdued demand
Better US manufacturing data increased the probability of returns from dollar and treasuries
Goodricke eyes acquisitions in Assam
Company's 8 tea gardens in Darjeeling have been closed since early June due to Gorkhaland protest
 "Goodricke eyes acquisitions in Assam")
Export of jewellery with gold content beyond 22 carats banned
Jewellers divided over fallout, some see it as a blow; others say no impact
 "Export of jewellery with gold content beyond 22 carats banned")
Photocards for hallmarked jewellery, says BIS
This photo card shall carry all the details of the hallmarked product, including a magnified picture
 "Photocards for hallmarked jewellery, says BIS")
Oilseed, edible oil prices surge on import duty hike
India imports around 15 mt a year of edible oil; consumption is about 25 mt
 "Oilseed, edible oil prices surge on import duty hike")
After floods, pink bollworm infestation affects cotton crop in Gujarat
Farmers fear additional loss in cotton and production by 20% from pink bollworm infestation
 "After floods, pink bollworm infestation affects cotton crop in Gujarat")
India to import 25 tonnes of duty-free gold from South Korea: Officials
Traders are taking advantage of tax change which will allow importers to ship gold without 10% duty
 "India to import 25 tonnes of duty-free gold from South Korea: Officials")
Crude oil-sourcing map shows early signs of change
Countries like Chad, Angola and Cambodia make an appearance
 "Crude oil-sourcing map shows early signs of change")
Commodity picks: August 14, 2017
Cotton, Maize
Comprehensive gold policy on cards
Banks want to participate in gold options, spot exchange
IOC buys first shale oil, steps up imports from US
We bought 950,000 barrels of Eagle Ford shale oil and heavy sour Mars crude: Director IOC
 "IOC buys first shale oil, steps up imports from US")
Gold to remain bullish on safe haven buying
Hit 2-month high on Friday, with an appreciating dollar and geopolitical tension
 "Gold to remain bullish on safe haven buying")