Page 311 - Commodity News
Govt may allow groundnut, sesame seed oil bulk exports
The industry said permitting bulk export of sesame seed oil would open the market in the Far East
 "Govt may allow groundnut, sesame seed oil bulk exports")
Indian researcher discovers new molecule to boost wheat yields
India's average yield is 39% lower than China
 "Indian researcher discovers new molecule to boost wheat yields")
India mulls local steel requirement for $59 billion infrastructure spend
Japan has already threatened to take India to the WTO over some recent steel restrictions
 "India mulls local steel requirement for $59 billion infrastructure spend")
Gold jewellery demand likely to rebound after note ban
Demand bounces back but uncertainty over GST rate for jewellery casts a shadow for future
 "Gold jewellery demand likely to rebound after note ban")
Will guar gum bounce back and regain past glory?
Analysts see a brighter outlook with rising prices, and higher export volumes
 "Will guar gum bounce back and regain past glory?")
No urgency for sugar import: Govt
Output, consumption estimates further revised downwards; debt restructuring for mills possible
 "No urgency for sugar import: Govt")
Govt considering lifting ban on chana futures
Prime Minister's Office is actively considering a proposal to allow chana futures trade
 "Govt considering lifting ban on chana futures")
Vietnam bans groundnut import from India
With no prior signals, exporters see ban as drastic & arbitrary, fear other markets will follow suit
 "Vietnam bans groundnut import from India")
Madhya Pradesh eyes second spot in wheat output
Record 20 million tonnes of production is expected
Bumper output estimates pull down cereal prices in India
FAO food price index up on expected decline in global wheat output
 "Bumper output estimates pull down cereal prices in India")
Oil rebounds from recent weakness, still rangebound
Global benchmark Brent settled up 82 cents, or 1.5%, to $55.90 a barrel
 "Oil rebounds from recent weakness, still rangebound")
MP, Rajasthan & Gujarat asked to start early wheat procurement
Country is all set to harvest a record production of 96.64 mt in 2016-17 crop year
 "MP, Rajasthan & Gujarat asked to start early wheat procurement")
Industrial oils firms up on persistent demand
In the edible oil, refined palm olein rose further on sustained offtake from retailers
 "Industrial oils firms up on persistent demand")
Silver import could fall to 5-year low as note ban hits demand
Purchases from overseas plunged 60% to about 3,000 tonnes last year & would contract further in 2017
 "Silver import could fall to 5-year low as note ban hits demand")
Sugar stocks higher in North India
According to Isma, a total of 107 mills are continuing their operations in UP
Cotton exports might lose thread over Chinese offtake
Chinese government was expected to start sales from its cotton reserves on March 6
 "Cotton exports might lose thread over Chinese offtake")
Japanese firms ready to cook up a storm
At present, Japan invests a little over $6 bn in India per annum
 "Japanese firms ready to cook up a storm")
Nalco logs highest ever bauxite output, production up 17%
It achieved a volume of 6.56 million tonne in April-February period of this fiscal
 "Nalco logs highest ever bauxite output, production up 17%")
Muthoot Pappachan Group launches first ever non-jewellery platinum products
The company has introduced Lord Ganesha idol in 3g, 6g and 9g weights
 "Muthoot Pappachan Group launches first ever non-jewellery platinum products")
NAFED to provide market linkages to Punjab potato farmers
NAFED is working on three options to help Punjab farmers
 "NAFED to provide market linkages to Punjab potato farmers")