Page 318 - Commodity News

MMTC to import Rs 8,000 cr worth gold in FY18

Plans auction of gold collected through monetisation scheme

Steel minister wants JPC to be more representative

Set up in 1964, JPC is officially empowered by ministry to collect data on iron and steel industry

Metal prices to climb in 2017: World Bank

Beverage prices declined three per cent in response to a supply-driven price drop in cocoa prices

Lack of incentives led to poor response for GMS: IIM-A's IGPC

IGPC interviewed top bank officials, refineries to grasp challenges of the policy and implications

Here's what govt could do for a better gold policy

A few suggestions from various stakeholders in the precious metals sector

Consolidation likely among gold refineries

Lack of scrap collection coupled with increase in import duty on dore hit domestic refineries hard

Commodity picks: 30 January, 2017

Cotton cake are currently trading at Rs 2,295 a quintal; mustard seeds is near Rs 4,207 a quintal

India's gold demand at 13-year low

GFMS estimated India's gold demand at 580 tonnes in 2016, a decline of 34% from the previous year

Jewellery chains in expansion drive

The industry expects demonetisation to drive jewellery demand towards the organised sector

ONGC to invest $5.1 bn for developing oil finds off AP coast

It will produce 10 oil, gas discoveries in Bay of Bengal block, which is next to Reliance Industries

Wheat acreage up 7.87%; rains boosting crop prospects

Besides wheat, acreage under pulses too are up by 11.55% to 159.28 lakh hectare this rabi season

Rice prices climb on lower rabi acreage

In north India, price is up 28% since Nov 2016 despite higher output estimates this kharif season

Arecanut price rises 21% after MIP raised

The government decision was to help the growers, faced with cheaper import

Cotton price rally, traders blame MNCs

Cargill, Glencore say they didn't manipulate market

Avian influenza: Hong Kong bans poultry import from India

3 weeks ago, the UAE too suspended import due to disease spread

Isma cuts sugar output estimate

Production down 9%, as drought hits cane harvest in many parts of the country

Unfavourable climate may dent jeera output by 12%

Lower acreage also cited as reason for falling production levels

Market price of arecanut up 21% after govt hikes MIP

DGFT increases MIP by more than 50% to Rs 251 a kg

Double-check sugar output numbers, Centre tells states

The states have been told to collect mill-wise sugar yields instead of taking the states' average

Note ban squeezed gold demand to 650-750 tonnes, smuggling declined: WGC

Long-term prospects still encouraging given consumers' shift towards organised sales