Page 343 - Commodity News

Basmati exports on credit banned

An Apeda official forecast India's basmati exports would rise 5 per cent by volume in 2016-17

Rising tomato prices cheer food processing firms

Mother Dairy, Cremica line up fresh investments; Jain Irrigation arm ties up with farmers

Monsanto India to continue research in vegetable seeds

Technical glitch in pan-India auction results in Rs 150 cr held up in tea trade

Payments from buyers are being kept in the Settlement Account of the bank and are not being remitted to sellers

Sugar stocks up on global price jump

Lower production estimate in Asia to keep world market in deficit for a second year

Oil prices rise on reported US crude stock draw, firm Japan imports

Overall, however, oil markets remain oversupplied as exporters around the world pump near record amounts

Sebi allows comexes to modify futures contract specifications

However, exchanges must inform Sebi and market participants well in advance before any modification

12% of coriander stock defective: NCDEX

The audit was to check quality of the coriander stocks deposited in the approved warehouses

Govt procures 3,273 tonnes of moong at MSP plus bonus rate

Procured pulses are kept as buffer stock, which the government aimed at expanding to around 2 million tonnes this year

Govt set to buy Iran oil for emergency reserves: Sources

The step comes as Iran's daily crude exports to India surged to the highest level in 15 years in August

Oil slips as Venezuela says market is 10% oversupplied

Technical market indicators were also weak, with WTI likely to test support at $42.78 per barrel soon

Diamond jewellery sector to remain subdued on volatility

India's path to more sustainable public finances will also involve initial adjustments to consumer spending

Big iron ore output will spur exploration work

JSW Steel's plan to build a 10-mt mill in Odisha includes a 280-km slurry pipeline from mines at Barbil to transfer beneficiated iron ore to Paradip for making pellets

Tyre stocks up on fall in rubber prices

The sharp fall in rubber price can be attributed to sudden jump in its production

Groundnut oil prices down on weak demand, robust supply

At Rajkot wholesale market, groundnut oil is trading at Rs 1,150 per 10 kg on Monday, which was about Rs 1,400 at the beginning of Sept

FinMin considers norms for unrefined gold imports

Move follows instances of pure gold imports as dore

Oil climbs as Venezuela sees output deal, Libya suffers clashes

Venezuelan President Nicolas Maduro has said that a deal could be announced this month to stabilise oil marketsVenezuelan President Nicolas Maduro has said that a deal could be announced this month to

Paswan tells traders to bring pulses price below Rs 100/kg

Traders say diktat will translate into a Rs 1,500 crore loss as domestic prices have fallen sharply over past two months

Pulses traders welcome panel report

Say if adopted now, India will become self-reliant in pulses in five years

Wheat weakens on ample stocks

Traders said reduced offtake by flour mills also contributed to it