Page 293 - Commodity News
Gold bonds' popularity linked to investment demand
But govt's moves will provide more liquidity to SGBs in the secondary market
 "Gold bonds' popularity linked to investment demand")
If Opec members' compliance remains loose, oil may fall upto $42: Deshpande
Interview with Abhishek Deshpande, Chief Energy Analyst, Natixis Commodities
 "If Opec members' compliance remains loose, oil may fall upto $42: Deshpande")
As trade deficit falls, Centre may reduce import duty on gold: Official
India's trade deficit narrowed more-than-expected to $12.96 billion in June
 "As trade deficit falls, Centre may reduce import duty on gold: Official")
FSSAI issues red flag against pepper imports from Vietnam via Sri Lanka
Authorities say the imports may be contaminated with a high dosage of pesticide residue
 "FSSAI issues red flag against pepper imports from Vietnam via Sri Lanka")
Market, stakeholders give thumbs up to liberalisation
BSE is prepared to permit on-tap selling of SGBs using the exchange's infrastructure
Tata Steel SEZ may house downstream steel unit, assembly line for battery cars
Company is also negotiating for a possible assembly line at the facility in Odisha
 "Tata Steel SEZ may house downstream steel unit, assembly line for battery cars")
Cabinet raises sovereign gold bond investment limit to 4 kg per FY
To improve liquidity and tradability of SGBs, it said appropriate market making initiatives will be
India's crude steel production dips to 7.9 MT in June
The steel output stood at 8 MT in the same month last year
 "India's crude steel production dips to 7.9 MT in June")
Renuka Sugars hits 52-week high on Wilmar buzz
SRSL's share went up to Rs 22.50, its 52-week high on the National Stock Exchange
 "Renuka Sugars hits 52-week high on Wilmar buzz")
Now, gold importers misusing FTA route for money laundering
In July alone, 2.5 tonnes of gold coins imported so far from South Korea under zero-duty facility
 "Now, gold importers misusing FTA route for money laundering")
Torrential rain, flood damage 25% kharif sowing in Gujarat
Traders have estimated that at least 50,000 hectares of sowing have been damaged
 "Torrential rain, flood damage 25% kharif sowing in Gujarat")
Producers, brokers disagree on tea sale via auction only
Brokers favour all the produce to be routed through open auction channels
 "Producers, brokers disagree on tea sale via auction only")
Oil prices plunge as drop in US inventories encourage more production
Current oil price rally could encourage more production, particularly from the US: Analysts
Bitcoin moves a step closer to acceptance after options approved
LedgerX plans to offer 1 to 6 month bitcoin-to-dollars options contracts in late Sept to early Oct
 "Bitcoin moves a step closer to acceptance after options approved")
Textile sector finds little succour in ministry sops
Textile sector has been demanding that the rates and rules be eased since GST roll-out
 "Textile sector finds little succour in ministry sops")
Tomato prices go through the roof
Farmers shifted to other vegetables as they could not realise price in past 9 months: Farmers' body
 "Tomato prices go through the roof")
Onion hits 8-month high on supply disruptions, low arrivals
Traders say prices will remain elevated due to increased demand, lower availability
 "Onion hits 8-month high on supply disruptions, low arrivals")
Sebi asks commodity bourses to identify 'sensitive' agricultural products
Sebi said these commodities would be categorised based on the average of production & import data
Steelmakers are worth the most in years
Chinese infra spending has boosted local demand, just as govt shuttered mn of tons of overcapacity
 "Steelmakers are worth the most in years")
NPCI expects all banks to switch to digital payments by Mar 2018
Govt of India has set a target of 25 billion digital transactions in this financial year
 "NPCI expects all banks to switch to digital payments by Mar 2018")