Page 13 - Commodities

No sign of overcapacity yet as global commodity prices come off peaks

The exception is energy, which isn't dictated by liquidity conditions, but by decisions of the Opec-plus cartel, where plenty of other factors come into play

Gold trading at Rs 51,820 per 10 gm today; silver selling at Rs 60,600 a kg

The rate of gold decreased by Rs 280 per 10 gram on Thursday with 24-carat of the metal trading at at Rs 51,820

A softer approach on commodities this time even as shortages loom globally

Unlike in the past, the Centre isn't restricting movement within the economy, but has only imposed export curbs. Consequently, there is no rush to use the Essential Commodities Act

Left parties call nationwide protest against price rise from May 25-31

Left parties have called a nationwide protest against the rising prices of essential commodities and unemployment from May 25-31. In a joint statement issued on Saturday, the Left parties directed their units across the country to coordinate this united and concerted nationwide struggle against price rise and unemployment. "Unabated galloping price rise is imposing unprecedented burdens on the people. Crores are suffering and are pushed into deeper poverty with growing hunger pangs. Coming on top of unprecedented and growing levels of unemployment, this is compounding people's miseries," the statement said. The Left parties said that over the last year the prices of petroleum products have increased by 70 per cent, vegetables by 20 per cent, cooking oil by 23 per cent and cereals by 8 per cent. "Wheat, the staple diet of crores of Indians, is seeing a price rise of over 14 per cent, making it unaffordable. Wheat procurement has declined. Central government has procured less than ..

Tata Consumer Products MD Sunil D'Souza on food & non-food business plans

In a recent interview with Business Standard's Sharleen D'Souza, Tata Consumer Products MD and CEO Sunil D'Souza shares his strategic roadmap for food and non-food businesses. Listen in

China lockdown fears rip through markets as stocks, commodities, Yuan tank

A Covid flareup that shut down much of Shanghai appeared to worsen over the weekend after China ordered mandatory tests in a district of Beijing and locked down some areas of the capital

WPI-based inflation zooms to 14.55% in March on rising fuel, food prices

WPI inflation last month was 13.11 per cent on hardening of prices of crude oil and non-food items

Gold trading at Rs 53,450 per 10 gm today; silver selling at Rs 67,800 a kg

The price of gold differs in regions based on parameters such as making charges, excise duty, and state taxes.

Domestic gold spot exchanges face tax hurdle, unlikely to start ops

IBJA has also suggested to the govt to create a notional entity wherein all GST is immediately refunded by the govt to the trader as soon as gold is deposited in the vault

India buys Russian sunflower oil at record price as Ukraine supplies stop

Sunflower oil from Russia could help the world's biggest edible oil importer in easing the shortfall at a time when availability of vegetable oils is stretched

Strategy needed for 300 mt steel output target by 2030: Minister

The production was 120 mt in 2021-22. There is also a need for suitable policy support to increase the production of iron ore production and other raw materials.

What drove India's exports to record $400 billion?

Export of Indian goods crossed the $400 bn mark for the first time, nine days before the current fiscal drew to a close. Which are sectors that drove this growth? And will it sustain? Let's find out

Commodity price rise may affect India's economic recovery, says S&P

Due to the ongoing Russia-Ukraine war, India may face higher expenditure on items that the government subsidises, particularly food and fertiliser, if these markets are upended for an extended period.

Delayed projects decline, but cost overruns rising, shows data

As prices are rising, so are expectations that the government may have to budget more for its infrastructure pipeline.

Nestle India relied more on railways, water routes in 2021: Report

Nestle increased the use of bigger size vehicles from 5.9 per cent in 2019 to 9.8 per cent in 2021 and started using railways, which was not used in 2019. It also introduced four waterways in 2021.

Long-term bets can still pay off in commodity funds, say analysts

Moderate your return expectations after the 18-month bull run

Gold prices steady as dollar dip counters Fed rate hike expectations

(Reuters) - Gold steadied on Wednesday, with a weaker dollar offsetting pressure from higher U.S. Treasury yields as investors await the first pandemic-era U.S. Federal Reserve interest rate hike.

Wheat stocks in central pool could be lowest in the last three years

Will still be around 160% more than quantity required under buffer norms

Gold prices tumble Rs 200 to Rs 53,033; silver jumps Rs 193

Gold tumbled Rs 200 to Rs 53,033 per 10 grams in the national capital on Friday in line with weak international precious metal prices, according to HDFC Securities.

Oil leads commodities charge as shares tumble due to Ukraine conflict

Brent, the international benchmark, briefly hit more than $139 a barrel, its highest level since 2008.