Commodities News
Pink Bollworm attack: Maharashtra farmers stare at missing 12 lakh bales
Nanda Kasabe | August 09, 2018 3:36 AM
Maharashtra's cotton crop is likely to be hit this year, thanks to the Pink Bollworm attack again. From a crop size of 82 lakh bales last season, the crop is likely to reduce to 70 lakh bales if the farmers remove cotton after 2 pickings.
Indian oilmeal exports jump 18% in July: SEA
FE Bureau | August 09, 2018 3:31 AMThe total export of oilmeals for the month of July are reported at 1,48,983 tonnes, recording a spurt of 18.33% compared to July last year.
Gold rate falls today: check gold, silver prices in Delhi
PTI | August 08, 2018 2:46 PMPetrol, diesel prices kept unchanged by OMCs today; check rates in metros
FE Online | August 08, 2018 9:33 AMCotton body retains estimate for 2017-18
FE Bureau | August 08, 2018 3:37 AMMiners set to spend $11 billion in search of the next jackpot
Bloomberg | August 07, 2018 1:48 PMMSP promise: Cotton exports to be hit as it loses ground to soybean
FE Bureau | August 07, 2018 5:28 AM-
Vegetable oil imports decrease 27% in July
FE Bureau | August 15, 2018 12:22 AMEdible oil imports declined from 14.8 lakh tonne in the same month last year to 10.5 lakh tonne. However, imports of non-edible oils rose to 65,825 tonne from 35,597 tonne during the period under review.
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Kerala plantations suffer Rs 700-crore damage from torrential rains
Rajesh Ravi | August 15, 2018 12:19 AMPlantation in Kerala is reeling under the havoc caused by heavy rains since the start of monsoon season.
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Maharashtra cooperative bank raises sugar valuations by Rs 100 per quintal
FE Bureau | August 14, 2018 1:11 AMThe Maharashtra State Cooperative Bank (MSCB) has raised valuations from Rs 2,900 per quintal to Rs 3,000 for preventing cooperative sugar mills in the state from sliding into the NPA category.
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Give natural rubber farm tag, not industrial product: Growers to Centre
M Sarita Varma | August 14, 2018 1:08 AMStakeholders, including rubber growers, have urged the Centre that natural rubber should get “the agricultural product” cover instead of the industrial product tag that it currently has.
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Steel demand to grow 10 to 11 percent annually over next 3 years, says JPC Chief Economist A S Firoz
PTI | August 12, 2018 1:13 PMDemand for steel in India is likely to see an annual growth of 10-11 per cent over the next three years, buoyed by a firming trend in the construction sector, among other factors, an official said.
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Ethanol use for auto fuels to save India Rs 12k cr, says PM Narendra Modi
FE Bureau | August 11, 2018 3:23 AMThe govt has reduced GST on ethanol and biodiesel from 18% to 15% and 12%, respectively
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‘Not responsible for Pink Bollworm attack’
Nanda Kasabe | August 11, 2018 3:18 AMThe National Seed Association of India (NSAI) has approached Radha Mohan Singh, Union minister of agriculture after the Maharashtra agriculture department issued notices to seed companies in the state directing them to pay rS 93 crore in compensation to cotton farmers for damages caused by the Pink Bollworm attack.
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Cheaper pulses for 12 months! Modi government to spend this much on mid-day meal, PDS distribution
FE Online | August 10, 2018 4:05 PMAs India witnessed an all-time high production of pulses over the last two years, the Union Cabinet has decided to dispense it to states for distribution at a cheaper price through the Public Distribution System and mid-day meal.
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Bid for 59 marginal oil & gas fields in DSF-II round
FE Bureau | August 10, 2018 3:08 AMPetroleum minister Dharmendra Pradhan on Thursday released the notice inviting order and bid documents for the second round of auction of hydrocarbon fields under the Discovered Small Field (DSF) policy.
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Poor rains likely to hit Gujarat cotton crop
FE Bureau | August 10, 2018 3:02 AMCotton farmers of Gujarat are expecting a lower yield and crop failure due to insufficient rains in the state thus far.
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Maharashtra cane crushing season to start from Oct 1, millers seek floor price for exports
Nanda Kasabe | August 10, 2018 2:58 AMMaharashtra’s cane crushing season of 2018-19 shall commence from October 1, 2018, Maharashtra cooperation minister Subhash Deshmukh said on Thursday.
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Concor ropes in TCS to strengthen mobile app for reverse auction
Saurabh Kumar | August 10, 2018 2:52 AMIn a bid to improve the quality of services offered by vendors for containerized movement of cargo at the first and last mile, state-run Container Corporation of India (Concor) has roped in Tata Consultancy Services (TCS) to strengthen its mobile app to facilitate continuous reverse auction for the first time among vendors.
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Pink Bollworm attack: Maharashtra farmers stare at missing 12 lakh bales
Nanda Kasabe | August 9, 2018 3:36 AMMaharashtra’s cotton crop is likely to be hit this year, thanks to the Pink Bollworm attack again. From a crop size of 82 lakh bales last season, the crop is likely to reduce to 70 lakh bales if the farmers remove cotton after 2 pickings.
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Indian oilmeal exports jump 18% in July: SEA
FE Bureau | August 9, 2018 3:31 AMThe total export of oilmeals for the month of July are reported at 1,48,983 tonnes, recording a spurt of 18.33% compared to July last year.
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Gold rate falls today: check gold, silver prices in Delhi
PTI | August 8, 2018 2:46 PMGold rate today: Marketmen attributed the slide in gold prices to easing demand from local jewellers and retailers at current levels in the domestic spot market but a firm trend overseas capped the fall.
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Petrol, diesel prices kept unchanged by OMCs today; check rates in metros
FE Online | August 8, 2018 9:33 AMPetrol, diesel prices today: The prices of petrol and diesel were kept unchanged by the oil marketing companies (OMCs) on Wednesday.
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Cotton body retains estimate for 2017-18
FE Bureau | August 8, 2018 3:37 AMThe Cotton Association of India (CAI) has maintained its cotton crop estimate for the ongoing crop year 2017-18 at 365 lakh bales of 170 kg each, the same level as in the estimates made by it during the last couple of months.
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Pink Bollworm attack: Maharashtra demands Rs 93-cr penalty from seed firms
Nanda Kasabe | August 8, 2018 3:30 AMThe Maharashtra agriculture department has directed seed companies to pay compensation worth Rs 93 crore to cotton farmers for the damage caused by the Pink Bollworm attack, top officials said.
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After two months, petrol price crosses Rs 77 a litre mark, diesel reaches Rs 68.50
PTI | August 7, 2018 3:28 PMPetrol prices have crossed the Rs 77 a litre mark for the first time in two months due to firming international rates.
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Miners set to spend $11 billion in search of the next jackpot
Bloomberg | August 7, 2018 1:48 PMMiners and investors are poring over satellite images, tracking drilling rigs and quizzing company executives for clues on whether the sector’s heavyweights are close to a new jackpot discovery.
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Petrol prices hiked for sixth day in a row; check latest rates in metros
FE Online | August 7, 2018 9:40 AMPetrol prices were hike for the sixth straight day on Tuesday across the four metros. In Delhi, one litre of petrol retailed at Rs 77.06, implying a hike of 9 paise from yesterday.
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MSP promise: Cotton exports to be hit as it loses ground to soybean
FE Bureau | August 7, 2018 5:28 AMIn absolute terms, the hike in the minimum support price (MSP) of cotton for the kharif 2018 season was 2.5 times that of soybean.
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As banks put sugar on ‘caution list’, UP mills ask govt to rise above tokenism
Deepa Jainani | August 7, 2018 2:27 AMWith banks showing reluctance in lending to sugar mills amid fears of burgeoning NPAs and placing them on the caution list, the Uttar Pradesh sugar industry shot off another missive to chief minister Yogi Adityanath.
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Gold may hit $1,300 by end of this year, says London-based bank
Bloomberg | August 6, 2018 11:11 AMGold’s plunge to the lowest level in more than a year may be close to ending, and prices could climb back to $1,300 by December, according to ICBC Standard Bank Plc.
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Petrol prices raised by 12 paise in Delhi today; check diesel rates
FE Online | August 6, 2018 9:21 AMPetrol, diesel prices today: The oil marketing companies (OMCs) raised the prices of petrol by 12 paise in the national capital today.
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US tariff on metals: India notifies plan to defer retaliation to September 18
FE Bureau | August 5, 2018 3:05 AMThe move would allow more time to both countries to ensure a meaningful outcome to the ongoing trade and other negotiations.
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Bringing the shine back to gold market
Prasanta Sahu | August 6, 2018 11:28 AMNITI convenes an inter-ministry meeting on August 10 to prepare an action plan.
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