Page 321 - Commodity News

Agri input companies on fertile ground

The sales of agri inputs have jumped by 10-15% this year on rising consumption from farmers

CIL ups coking coal price amid low output

Rise of 141% in international prices helped Coal India raise the rates of coking coal

India imports 2.7 mn tonnes wheat so far this fiscal

Last month, the government had brought down wheat import duty to zero from 10% to check price rise

Despite Saudi signals, OPEC to miss on all promised oil cuts

OPEC Secretary-General Mohammed Barkindo said he was sure countries would follow through on the deal

February gold 2% cheaper on duty cut hopes

Rising prices have, however, nudged bears to increase their short positions

MSEI introduces trading in sovereign gold bonds

Also launches interest rate futures; one can now invest in derivative contracts on govt securities

With major oil discovery, Guyana poised to become a top producer

Guyana's seafloor could contain one of the richest oil and natural gas discoveries in decades

Gold 2% cheaper in futures market on hopes of import duty cut

Punters increase bearish bets; those with ready bullion are selling in spot and buying futures

Select edible oils slide on muted demand, adequate stocks

Ample stocks position on increased arrivals mainly kept pressure on select edible oil prices

Oil prices drop on OPEC deal concern

Investors also worried that the rising US oil supply might offset any reductions,

Gold demand eases on higher prices; premiums mostly unchanged

Higher prices prompted retail buyers to postpone purchases for wedding season

Gold prices hit 7-week highs on weaker dollar after Donald Trump briefing

Spot gold was up 0.4 percent at $1,196.06 per ounce

Sugar price hits 7-year high on higher demand from stockists

Industry estimates India's sugar production to be 23.5 million tonnes this year

Crude oil rises from one-month low

Futures climbed 1% in New York after dropping 5.9% in the previous two sessions

Saudi cuts oil exports to Reliance, HMEL

Reduces February term supplies of mainly heavy crude oil; part of the move to comply with Opec deal

Gold prices hit six-week high on Donald Trump, Brexit concerns

Silver was up 1.3 percent at $16.77 an ounce, after rising to $16.90, its highest since Dec 15

Dubai import duty hike may hit jewellery exports

Several exporters may even set up shop in Dubai, as jewellery made there falls outside the duty net

Vegetable prices crash in mandis on bumper crop

Experts estimate 10-15% rise in vegetable production this year; lower food inflation likely

NITI Aayog: No effect of note ban on rabi sowing, prices of crops

Ramesh Chand cites four-fold impact on farming - area sown, crop pattern, productivity, market

Relief for farmers: Cold wave this week to help wheat crop

Wheat and mustard crops have been facing moisture stress due to a warmer than usual winter