Page 314 - Commodity News

Warm weather worries wheat farmers

Mustard, another rabi crop, will benefit from warmer days

Gold futures fall by Rs 66 on profit-booking, global cues

Globally, gold fell 0.13 per cent to $1,235.40 an ounce in New York yesterday.

Govt may reintroduce import duty on wheat

With stocks set to cross a record 96 mn tonnes, duty will help ensure payment of MSP to farmers

Oil rises as Opec aims for steep output cuts

Brent crude oil jumped $1.13 a barrel to a high of $57.31 before easing to trade around $57.15

Note ban, Trump and dollar key for diamond market: Nimesh Patel

De Beers has seen a significant improvement in business revenues and profits in 2016

Demonetisation will haunt diamond demand in 2017: De Beers

De Beers cut diamond production by 5% to 27.3 mn carats in 2016

Alumina to lead the show for Nalco

Better sales volumes and sales realisations, good show of alumina segment, to drive net profit

UP sugar mills owe Rs 5,795 cr to cane farmers despite lucrative prices

92% of these dues were from corporate sector; more than half owed by just four companies

Oil rises, but swelling US output caps rally

Oil prices inched higher, as investor optimism over the effectiveness of producer cuts

Tea Board plans Jebel Ali-style integrated park near Dhamra port

It will be an EOU, set on a minimum area of 500,000 sq ft

ICEX, NMCE considering merger: EY to do due diligence

Key deal hurdle: NMCE's promoters' stake is in an escrow, its main promoter is in jail

Huge damage to crops in U'khand

In Himachal Pradesh, huge damage to the Kinnauri apple has been reported

Sweet '17 for sugar companies

Record profit due to bumper crop in Uttar Pradesh, price spike

Gold, silver extend gains on jewellers' buying

Traders said peristent buying by jewellers to meet wedding season demand kept precious metal high

Onion farmers languish even as traders ride on arbitrage to double profits

Modus operandi: Buy in Lasalgoan at Rs 4 a kg, sell in the north at Rs 11-13

Solvent Extractors' Association sees 25% fall in castor seed output

SEA survey cites lower sowing, with farmers shifting to more lucrative crops, as reason for decline

Tanishq expects revived scheme to rebound by 2018-19

Jewellery brand plans to add 25-30 stores every year

Iran's delay in resumption of imports to hinder Basmati exports' recovery

However, this as a temporary delay, considering Iran's insufficient domestic rice production

Govt sees 5.8% drop in onion output; slight rise in tomato, potato output

Any reduction in onion output is likely to put pressure on domestic supplies and prices

Record yield has pulses prices slide below MSP

Trade wants stock limits lifted as prices of most varieties trading below MSP