Page 306 - Commodity News
Gold selling at a discount as import demand slows
Last week, gold was trading at around $1,300 per ounce because of geopolitical tensions
 "Gold selling at a discount as import demand slows")
Indian tea companies look at increasing exports as Kenyan production falls
However, strong rupee, concerns over production at home may spoil the party
 "Indian tea companies look at increasing exports as Kenyan production falls")
Rawhide supply crunch in UP leather units as illegal abattoirs shut down
Forty five organised slaughterhouses are not in a position to cater for the big demand for rawhide
 "Rawhide supply crunch in UP leather units as illegal abattoirs shut down")
Gold softens on muted demand, silver goes below Rs 43k level
Globally, gold rose by 0.07 per cent to $1,288.70 an ounce
Cotton prices may stabilise to below Rs 40,000 per candy, push mill uptake
Delayed harvesting this season led to exports projected to decline by 23% to 960,000 tons in 2016/17
 "Cotton prices may stabilise to below Rs 40,000 per candy, push mill uptake")
Profit margins draw edible oil makers to the premium segment
Premium oils category margins are around 25%, compared with 10% for conventional oils
 "Profit margins draw edible oil makers to the premium segment")
Edible oil processors upbeat on govt move
Subsidy and FDI norms eased to encourage palm plantations; industry predicts big changes for better
 "Edible oil processors upbeat on govt move")
Gold firms up to near 30k; silver regains 43k-level
Traders said sentiment remained firm largely in line with positive global cues
Currency impact: A burnished rupee takes polish off jewellery exports
A burnished rupee takes polish off jewellery exports
 "Currency impact: A burnished rupee takes polish off jewellery exports")
Domestic jewellers recommend 1.25% duty under GST
Industry promises multi-fold rise in revenue than at present and no parallel economy
 "Domestic jewellers recommend 1.25% duty under GST")
Companies with high exposure to nitrogen and sulphur to gain
Changes in urea policy
 "Companies with high exposure to nitrogen and sulphur to gain")
Railways to float global tender to procure steel
The national carrier will buy steel from entities other than SAIL for the first time in 30 years
 "Railways to float global tender to procure steel")
Another 18 days for zero-duty raw sugar import
Centre extends deadline for companies and importers to import a total of 500,000 tonnes of raw sugar
 "Another 18 days for zero-duty raw sugar import")
Govt wheat buying starts on positive note
If the trend stays Centre might reach its target of 33 mt in wheat procurement well on time
 "Govt wheat buying starts on positive note")
Petrol-ethanol blending programme faces supply hurdle
The programme faces an acute shortage due to a deficient sugarcane output
 "Petrol-ethanol blending programme faces supply hurdle")
Iron ore prices to remain high
Demand remains buoyant despite supply glut
 "Iron ore prices to remain high")
Centre to buy 1 lakh tonnes potato from UP farmers at Rs 4,870 per tonne
This is being done to arrest the sharp fall in prices in UP in the wake of a likely bumper crop
 "Centre to buy 1 lakh tonnes potato from UP farmers at Rs 4,870 per tonne")
Onion exports triple over FY16 after govt sales push
Apeda estimates onion exports at 2.39 million tonnes in April-December 2016
 "Onion exports triple over FY16 after govt sales push")
Nalco readies Rs 25,000-crore investment for expansion
The share price, face value of Rs 5, has more than doubled in the past
 "Nalco readies Rs 25,000-crore investment for expansion")
Production cut looms large in India's cotton spinning sector
Weak demand, sharp increase in production costs hit margins, rising rupee impacts exporters
 "Production cut looms large in India's cotton spinning sector")