Page 330 - Commodity News

Cement firms' stocks crack on cash crunch

Cement dealers are trying to square off inventory because the average life of a cement bag is six weeks

Jewellers offer nearly 1% off for online transfer of funds

Lack of demand hits business hard, jewellers fear liquidity problem in future

MCX levies concentration margin from December 1

Sebi had mandated commodity exchanges impose concentration margin with increase in open interest positions

Gold bonds worth 14 tonnes sold in six tranches: Govt

Total collection came to 14.071 tonnes worth of gold, with bonds amounting to Rs 4,127 crore, says government

Gold sells at huge discount; price falls to 4-month low

Poor consumer interest in jewellery, even for weddings, I-T raids, shave 1.5% off metal in Mumbai; silver sheds over 2%

Diamond exporters eye 8-10% rise in exports in coming quarter

India exported $14.2 bn worth cut and polished diamonds between April to Oct this year, which is up by 14.62% over last year

Sovereign gold bonds worth 14 tonnes in six tranches

5.7 tonnes collected under gold monetisation scheme

Cash crunch chokes off India palm oil imports

Indian buyers are delaying shipments and cancelling vessel space bookings, and the traders expect them to hold back further in the month ahead

UP hikes sugarcane price by Rs 25/quintal for 2016-17 crushing season

The previous SAP hike was effected in 2012-13 from Rs 240 per quintal to Rs 280 per quintal

Demonetisation: Vegetables find few buyers in major mandis

Being highly perishable the produce is being sold in credit; prices decline on reduced number of buyers

Demonetisation: Cash crisis hits cotton availability

The price of cotton in Mumbai has risen by 3% since the announcement on withdrawal of currency notes

Early start to sugar season

Production, at 787,000 tonnes is a marginal 15,000 tonnes higher as compared to last year on the same date

Demonetisation: Cash limit relaxation at mandis

Govt has allowed withdrawal up to Rs 25,000 a week against crop loans sanctioned and credited in their accounts

OPEC ready to reach 'forceful' deal on cutting oil output: Venezuelan President

Russia on Wednesday said it was ready to support OPEC's decision on an oil output freeze

Hyderabad's onion market halts operations due to cash crunch

Hyderabad Onion Merchants Association said it will stop onion trading for 5 days starting Tuesday until Nov 19

Demonetisation hits seafood exporters as fears of order cancellation grow

Indian seafood exports are pegged at $4.7 billion

Demonetisation impact: $1 billion worth of gold imported so far since Nov 9

Gold jewellery was sold at a premium after the demonetisation announcement, and jewellers even accepted the old currency

Scrapping high-value currency notes is the last straw for jewellery firms

This year has been a washout for jewellery companies due to a sharp increase in the price of gold

Gold hits 5-month low on strong dollar, Treasury yields

The dollar rose to an 11-month high while yields on the US 10-year Treasury notes climbed to their highest since January at 2.2 per cent

Agriculture mandi comes to halt due to liquidity crisis

Farmers resist accepting money in any form other than cash as they are not used to it