Page 326 - Commodity News

Note ban takes away Pakistan cotton export relief cushion

According to the Indian cotton industry, Pakistan might import 700,000-800,000 bales in 2016-17

Deadline for cash wage payments to Assam's tea garden workers ends Saturday

Cash wage payments to switch to e-payment; infrastructure issues as big as ever, with talks on for alternatives to ATMs

Import duty waiver may hurt wheat farmers

India's wheat imports are estimated at 2.5 million tonnes this year, of which 1.5 million tonnes have already landed

Iron ore stocks up on less offtake, export duty

Data from the Indian Bureau of Mines shows the total stock of ore at end-July was 144.5 million tonnes

Demonetisation: Rough diamond imports may fall 30%

Processors expect combined imports of less than 14 million carats in November-December

Gold loses Rs 100 due to cash crunch, hits Rs 28450

Silver, however, strengthened by Rs 100 to Rs 41,500 per kg

Indian jute sector jittery as China offers Bangladesh help

Last year, the country imported 33,737 tonnes of viscose fibre - a good portion of which originated in India

Gold falls to 10-month low on Fed rate hike bets

Gold prices sank to their lowest in more than 10 months on Monday

Jewellery sales up as gold price falls

Buyers in cities have started using cards and online fund transfers for jewellery purchases

Demonetisation raises Bitcoin exchanges' hope

Exchanges believe its legal status may now change, with the government pushing for digitised transactions

From January 1, only that with gold purity of 22, 18 and 14 carats to be hallmarked

Since consumers demand ornaments in other carats too, jewellers make ornaments in as many as seven other carat levels beyond these three categories. However, as per BIS, these ornaments will not be ha

Did Centre scrap wheat import duties to safeguard PDS next year?

In 2016-17, wheat procurement dropped to 23 MT against a targeted 28 MT because actual harvest failed govt estimates

Investors lock profit in gold ETF, take out Rs 588 cr in April-November

The outflow meant asset under management (AUM) of gold funds plunged by more than 5 per cent last month

OPEC, Russia see smooth road to global deal on output cut

OPEC producers Iraq, Kuwait and the United Arab Emirates have also told buyers of their crude about planned reductions

Scrapping wheat import duty may hit farmers hard

Crop growers could get discouraged with decline in prices, may slow down acreage under wheat

Gold imports surge in November

Of the estimated 100 tonnes of import, around 70% could be lying in the vaults due to evaporating consumer demand

Gold refiners lose bulk business after demonetisation

While consumers are ready to sell used ornaments, jewellers say they don't have the money, blaming non-availability of cash from banks

Duty drawback benefit extended for home textile

The government extended 5% duty drawback benefit to the made-ups (including towels, bed sheets, curtains decorative cotton products etc.) sector

Wheat import duty waived

The duty has been waived for an indefinite period, according to an official notification placed in Parliament

Raw jute worth Rs 4,000 crore locked up in secondary markets

Cash crunch triggered by scrapping of high-value currency notes has piled up woes for the ailing jute industry