Commodities News
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Indian textile sector on upswing: Ind-Ra
R Ravichandran | September 13, 2018 3:19 AMThe domestic demand for textiles is likely to remain robust from end-user segments, supported by a strong rise in private consumption expenditure during the rest of FY19.
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Cashew exports hit hard on high operation cost, competition: Icra
FE Bureau | September 13, 2018 3:10 AMHigher operational costs and tough competition from Vietnam is putting pressure on Indian cashew industry with many processors and exporters facing adverse credit profile, reports rating agency Icra.
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While petrol, diesel prices hit record levels, OPEC trims 2019 global oil demand growth forecast
FE Online | September 12, 2018 5:34 PMEven as the common man in India continues to battle rising petrol diesel prices, the Organization of the Petroleum Exporting Countries (OPEC) has further trimmed its forecast for 2019 global oil demand growth.
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Record high petrol prices pinching? These cashbacks from mobile wallets, credit cards can ease your burden
FE Online | September 12, 2018 1:50 PMEven as petrol prices continue to soar to fresh record high levels in quick succession, cashbacks & offers from mobile wallets and credit cards can help to ease burden to some extent. We bring you five such offers.
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China’s interest in buying soyabean from Maharashtra to benefit farmers
PTI | September 12, 2018 11:57 AMChina has shown interest in buying soyabean de-oiled cake produced in Maharashtra and the initiative is likely to help fetch higher prices for the crop than the minimum guaranteed price, an official has said.
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Petrol prices unchanged from record highs; check latest rates in Delhi, Mumbai, Kolkata, Chennai
FE Online | September 12, 2018 9:27 AMFuel prices were unchanged from record high levels on Wednesday in the major metros, despite a Bharat Bandh held on Monday protesting against rising fuel prices. In Mumbai, petrol is now selling for Rs 88.26 per litre.
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NCRMI’s pith technology to boost coir exports
M Sarita Varma | September 12, 2018 4:08 AMNational Coir Research and Management Institute (NCRMI) has made a breakthrough in the process of manufacturing coir pith from coir fibre, which could help realize the country’s coir export target of Rs 20,000 crore (in value) by 2020.
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Chhattisgarh, Uttarakhand, MP best performers in soil health card scheme
FE Bureau | September 12, 2018 3:55 AMChhattisgarh has been adjudged the best performer in soil health card scheme, followed by Uttarakhand and Madhya Pradesh, while Gujarat and West Bengal are at 23 and 24 places, respectively, in the ranking of states by the agriculture ministry on the basis of parameters fixed by Niti Aayog.
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Petrol price breaches Rs 90 a litre for first time in India’s history, in this Maharashtra town
IANS | September 11, 2018 4:59 PMPetrol, diesel prices today: Petrol prices on Tuesday breached the psychological barrier of Rs 90 and touched a scorching Rs 90.11 in Maharashtra’s Parbhani – a new record in India, an official said.
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Petrol price relief: West Bengal CM Mamata Banerjee announces tax cut after Rajasthan, AP
FE Online | September 11, 2018 4:12 PMEven as petrol prices soared to fresh record highs on Tuesday despite nationwide protests against rising fuel costs, West Bengal CM Mamata Banerjee announced a Re 1 cut in rates of petrol and diesel.
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French fries feel the pinch as hot summer frazzles potato market
Bloomberg | September 11, 2018 2:02 PMThe record-breaking heatwave and lack of rain across Europe has hurt potato crops, with prices tripling in the U.K. in August from a year earlier.
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Why relief from soaring petrol, diesel prices is unlikely to come anytime soon
FE Online | September 11, 2018 1:00 PMWhile petrol, diesel prices have been on the boil for some time now, soaring to fresh record highs on Tuesday despite a nation-wide protest conducted by opposition yesterday, a relief is unlikely anytime soon.
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Petrol prices soar to fresh record high after Bharat Bandh, at Rs 88.26 in Mumbai; check rates in metros
FE Online | September 11, 2018 9:41 AMA day after opposition conducted a nationwide Bharat Bandh protesting against fuel prices, petrol prices soared to fresh record high on Tuesday. In Mumbai, petrol is now selling for Rs 88.26 per litre.
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Maharashtra to bring non-MSP crops in state under SMP
Nanda Kasabe | September 11, 2018 2:47 AMThe Government of Maharashtra is working on a framework to bring non-MSP crops in the state under Statutory Minimum Price (SMP) under the Agricultural Produce and Livestock Marketing (Promotion and Facilitating) Act, 2017, Maharashtra cooperation minister Subhash Deshmukh said on Monday.
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CAI retains cotton crop estimate at 365L bales
FE Bureau | September 11, 2018 2:42 AMThe Cotton Association of India ( CAI) has retained its cotton crop estimate for the ongoing crop year 2017-18 at 365 lakh bales of 170 kg each at the same level as in its estimate made the previous month.
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SME cotton mills in Tamil Nadu go for production cuts
FE Bureau | September 11, 2018 2:39 AMThe small and medium (SME) spinning mills in Tamil Nadu, which manufacture cotton yarn, have curtailed their production during night shifts and weekends due to abnormal increase of cotton price.
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Pessimism around National Steel Policy 2017 swells
Sushim Banerjee | September 11, 2018 2:34 AMThe feasibility of achieving the target of 300MT of crude steel capacity in the country has been a subject of intense deliberations in almost all the seminars and workshops held following the release of National Steel Policy 2017.
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Andhra Pradesh announces Rs 2 cut in tax on petrol, diesel
PTI | September 10, 2018 8:26 PMAs fuel prices continued the upward spiral, the Andhra Pradesh government Monday announced a reduction of tax on petrol and diesel by Rs 2 a litre.
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More relief on petrol, diesel prices: Andhra CM Chandrababu Naidu announces VAT cut after Rajasthan
FE Online | September 10, 2018 5:26 PMAmid the ongoing protests against rising fuel prices, Andhra CM Chandrababu Naidu announced a Rs 2 cut in petrol, diesel prices, just a day after Rajasthan CM announced a Rs 2.5 cut per litre.
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Petrol prices hit fresh all-time high amid Bharat Bandh, now at Rs 88.12 in Mumbai; check rates in metros
FE Online | September 10, 2018 9:44 AMEven as the opposition has called for a Bharat bandh, petrol prices soared to fresh record high on Monday. In Mumbai, petrol is now retailing at Rs 88.12 per litre, a hike of 23 paise from previous highs.
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Fuel prices continue to soar, petrol costs Rs 80.50 per litre in Delhi, Rs 87.89 in Mumbai
ANI | September 9, 2018 9:52 AMA day ahead of the Bharat Bandh called for by the Congress Party, fuel prices have been hiked yet again on Sunday.
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Petrol, diesel price: ‘Factors’ behind hike not in India’s hands, says Dharmendra Pradhan
FE Online | September 8, 2018 3:24 PMAs fuel prices touch new highs, with petrol price crossing Rs 80 a litre mark in Delhi for the first time, Oil Minister Dharmendra Pradhan said that hike in prices is due to various global factors and not in India’s hand.
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Tea production down 6.7 percent in July, exports up by 6.5 percent to Rs 2,618 cr in 7 months of 2018
IANS | September 8, 2018 3:10 PMIndia’s estimated tea production fell by around 6.7 per cent to 151.38 million kg in July from 162.28 million kg produced in the year-ago month, according to data from the Tea Board India.
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Petrol price crosses Rs 80 a litre for 1st time in Delhi; nears Rs 90 per litre in Mumbai
FE Online | September 8, 2018 12:52 PMPetrol price in Delhi on Saturday crossed the Rs 80-mark a litre for the first time, while in the financial hub of Mumbai, it is inching closer to Rs 90 a litre.
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US dollar rises on expected hike of interest rate
IANS | September 8, 2018 6:03 AMThe US dollar increased substantially on expectation of interest rate hikes.
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Petrol, diesel prices hiked by steepest level in 1 year; central, state taxes almost 50% of retail price
PTI | September 7, 2018 5:59 PMPetrol and diesel price were Friday hiked by about 50 paisa per litre each – the steepest increase in rates since daily price revision came into effect over 14 months back – to push rates to their highest ever.
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Fuel price hike: Tamil Nadu government onus on Centre to cut taxes due to rise in petrol, diesel rates
PTI | September 7, 2018 3:34 PMAs rates of petrol and diesel touched new highs Friday, the Tamil Nadu government ruled out a tax cut citing welfare measures and put the onus on the Centre to give any relief to the common man.
Horoscope: By Peter Vidal
SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more
