Page 315 - Commodity News
Record yield has pulses prices slide below MSP
Trade wants stock limits lifted as prices of most varieties trading below MSP
 "Record yield has pulses prices slide below MSP")
Jewellery companies post good results despite demonetisation woes
Plan to further strengthen retail presence for better margins
 "Jewellery companies post good results despite demonetisation woes")
Government raises rabi wheat procurement target by 10%
During the previous season India procured 22.96 mt
 "Government raises rabi wheat procurement target by 10%")
Palm oil imports fall 11% in January
India, the world's leading vegetable oil buyer, had imported 688,393 tonnes palm oil in Jan 2015
 "Palm oil imports fall 11% in January")
Oil rises as Opec output cuts trim oversupply
Analysts say oil producers will have to cut production more quickly to drain global oversupply
 "Oil rises as Opec output cuts trim oversupply")
China approves Indian arecanut for imports
Chinese consumers have been increasingly using arecanut-based mouth fresheners to quit smoking
 "China approves Indian arecanut for imports")
Grapes bump up fruit exports by 40%
Cos like Mahindra Agri Solutions not only provide advisory to farmers but also help increase income
 "Grapes bump up fruit exports by 40%")
Kolkata is shell companies' favourite address, taxmen plan major crackdown
Taxmen say almost 90% of such firms are in the city, plan crackdown
 "Kolkata is shell companies' favourite address, taxmen plan major crackdown")
Sugar price hangs on output in India
Global supplies will outpace demand by about 1 to 3 mt in 2017-18
 "Sugar price hangs on output in India")
After Trump sanctions, currency crisis in Iran hits India's basmati exports
Trade sources believe that Iran is looking to use the euro in place of the dollar
 "After Trump sanctions, currency crisis in Iran hits India's basmati exports")
UP sugar mills clear 75% dues for this season
This season, UP is likely to contribute almost 40% to sugar output, much higher than Maharashtra
 "UP sugar mills clear 75% dues for this season")
Commodity picks: 13 February, 2017
Prices in Unjha market are trading at Rs 17,950 per quintal
Gold prices recover by Rs 225, silver tops Rs 43,000
Traders attributed the recovery in gold prices to a firm trend overseas
 "Gold prices recover by Rs 225, silver tops Rs 43,000")
Currency crisis in Iran hits India's basmati rice exports
Traders caution exporters to stay away till currency uncertainty recedes for bilateral trade
After garlic crush, China farmers singed by red-hot chilli market
Chilli pepper prices soared by a third in just two weeks in November
 "After garlic crush, China farmers singed by red-hot chilli market")
Sugar mills making more from molasses
With ethanol prices fixed, mills sell to liquor firms
 "Sugar mills making more from molasses")
Two more temples from Gujarat deposit under gold monetisation scheme
Independent estimate shows that gold with temple could be between 3,000-4,000 tons across country
 "Two more temples from Gujarat deposit under gold monetisation scheme")
Welspun India to invest $3 mn on promotion of Egyptian cotton
Deal would allow use of the Egyptian cotton logo on the packet of Welspun products for five years
 "Welspun India to invest $3 mn on promotion of Egyptian cotton")
Govt creates pulses buffer stock of one million tonnes so far
Buffer stock of pulses would be used to intervene in the market in case of price rise
 "Govt creates pulses buffer stock of one million tonnes so far")
Raw jute prices fall on 10% dilution plan
The raw jute prices have tanked to Rs 36,650 per tonne in February this year
 "Raw jute prices fall on 10% dilution plan")