The Financial ExpressCommodities – The Financial Express
Sugar processors cut down their own profit margins to meet payment deadline to farmers
Wed, 17 Jan 2018 14:43:48 +05:30
In order to meet government mandates to pay cane farmers, which required them to sell supply onto the market at the same time they agreed to pay more for sugar cane, sugar processors have decided to undermine their own profit margins
Gold tops Rs 31,000-mark on jewellers’ buying in wedding season, silver coins get costlier by Rs 1,000
Tue, 16 Jan 2018 15:37:36 +05:30
Gold soared by Rs 100 to trade at Rs 31,050 per ten gram at the bullion market today on continued buying by jewellers to meet wedding season demand.
Petrol, diesel prices hit record highs; wait, it is going to rise further
Tue, 16 Jan 2018 12:46:38 +05:30
The diesel price in Delhi has recorded an all-time high, while the price has touched a three-year high. Here's how petrol and diesel prices moved in other metro cities: Mumbai, Chennai and Kolkata, and why the fuel price is going to go further up.
US oil industry set to break record, upend global trade
Tue, 16 Jan 2018 11:46:32 +05:30
Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago.
Maharashtra bans co-marketing of brands for BT cotton seeds
Tue, 16 Jan 2018 03:20:15 +05:30
Selling Bt seeds that are produced in other states under different brand names is called co-marketing. Earlier, state agriculture minister Pandurang Fundkar had said co-marketing practice makes it difficult for the authorities to take legal action against such companies.
Traders want removal of MEP curb on onion to boost exports
Tue, 16 Jan 2018 03:16:36 +05:30
A delegation from Lasalgaon Agriculture Produce Market Committee (APMC) in Nashik — one of the largest onion producing centres in the country — met Maharashtra chief minister Devendra Fadnavis and minister for marketing Subhash Deshmukh seeking removal of curbs on minimum export price (MEP).
Signs of green shoots in manufacturing sector
Tue, 16 Jan 2018 03:12:21 +05:30
This year’s Budget, therefore, needs to earmark a significantly higher growth in investment for construction and infrastructure sector with a higher contribution from the private corporate sector in brown field expansion of steel, aluminium, cement iron Ore and other materials along with production of consumer durables and rise in real estates in the interest of income and employment generation.
Highest since August 2014: Diesel prices at record Rs 61.74 per litre, petrol cross Rs 71
Mon, 15 Jan 2018 17:12:51 +05:30
Diesel prices have touched a record high of Rs 61.74 per litre and petrol prices have crossed Rs 71 as international oil rates continue to rally.
Gold gets costlier by Rs 500 in 10 days, silver coins price rises Rs 1,000 as wedding buying continues
Mon, 15 Jan 2018 17:02:21 +05:30
Gold became costlier by Rs 500 per 10 grams in the last 10 days while silver coins price saw a rise of Rs 1,000 at the bullion market of national capital Delhi as wedding season buying grows.
Gold hits over 4-month high as dollar index slumps to 3-year lows
Mon, 15 Jan 2018 13:59:14 +05:30
Gold prices touched their highest in more than four months on Monday, buoyed by a weaker U.S. dollar, which slumped to three-year lows against a basket of currencies.
Finished steel exports surge 29% in December; imports fall 26%
Sun, 14 Jan 2018 16:38:18 +05:30
India's total export of finished steel in December last year jumped 28.9 per cent to 0.964 million tonnes (MT), official data showed.
Delhiites may have to pay more for petrol, diesel soon; here’s why
Sun, 14 Jan 2018 03:50:36 +05:30
In comparison, around 20,000, or 36%, retail outlets across the country of the 55,000-odd are on A-site. An OMC executive close to the development claims that the additional rental burden in Delhi will make retailing unviable at the current fuel prices.
Oldest pepper exchange ceases to exist after Sebi order
Sat, 13 Jan 2018 01:52:30 +05:30
Indian Pepper and Spice Trade Association (IPSTA),one of the oldest pepper exchange in the world to trade in pepper futures, ceased to exist from January 10 th with Securities and Exchange Board of India (SEBI) granting an exit order.
No let-up in crude prices before March, says Icra report
Fri, 12 Jan 2018 18:12:32 +05:30
The continuing surge in crude prices, which has touched USD 70 per barrel-mark, the highest since December 2014, is likely to continue till March, impacting inflation, balance of payments and fiscal policy, says a report.
NCDEX to launch country’s first agri-commodity options in guarseed on January 14
Fri, 12 Jan 2018 17:48:05 +05:30
Country's first agri-commodity options in guarseed will be launched on NCDEX on January 14 with an aim to give stakeholders a new set of financial instruments to hedge their price risks.
As oil hits $70, warning lights flash up in Asia
Fri, 12 Jan 2018 13:32:33 +05:30
Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by OPEC will dominate the market this year.
Brent crude oil price flirts with $70 per barrel; 4 reasons why it may touch $80 soon
Wed, 10 Jan 2018 17:09:10 +05:30
Citigroup Inc predicts that wildcards including war, Middle East tensions, Donald Trump and Kim Jong Un driving crude toward $80 a barrel.
Great fall: India’s oil consumption hits a rough patch, demand growth weakest since 2013 as economy slows
Wed, 10 Jan 2018 17:01:22 +05:30
India’s oil consumption in 2017 expanded at the slowest pace in four years as a surprise ban on high-value currency notes and a new national sales tax weakened the economy.
Oil hits highest since 2014 amid optimism over tightened supply
Wed, 10 Jan 2018 16:13:22 +05:30
Oil surged to the highest intraday level since December 2014 amid optimism global markets are finally tightening. Futures extended gains to as much as 1.7 percent in New York.
NIC app to keep tab on 40000 fishing vessels
Wed, 10 Jan 2018 03:07:06 +05:30
Nearly 40,000 fishing vessels on Kerala coast have been told to keep the state government, national security agencies, coast guards, the Navy and marine police in the know of their movements.
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