Page 4 - Commodities

Sebi bars launch of new derivative contracts for wheat, other commodities

Markets regulator Sebi on Monday directed stock exchanges not to launch new derivative contracts in wheat, crude palm oil, moong and few other commodities till further orders. The latest directive will come into force with immediate effect, according to a release. Launch of new contracts for the paddy (non-basmati), wheat, soya bean and its derivatives (its complex), crude palm oil and moong have been barred till further orders by the regulator. The list includes chana, and mustard seeds and its derivatives (its complex). The derivative contracts in these commodities were suspended earlier this year, the release said. In respect of running contracts, no new position will be allowed to be taken and only squaring up of position will be allowed. The directions will be applicable for a period of one year, it added.

Piyush Goyal urges steel makers to address small industries cost concerns

The minister also said Goyal said that special care of MSMEs needs to be taken for easier and cost effective supply of steel

Gold price today Rs 47,990 for 10 gram; silver at Rs 64,800 per kg

The price of gold differs across the nation owing to excise duty, state taxes, and making charges.

Metals keep surging as supply cuts fuel inflation worry

Zinc spiked as much as 6.3% to a 14-year high

Govt scraps basic customs duty, cuts cess on crude palm, soy, sunflower oil

Move might impact farmers' realisation when kharif harvest is on, say industry players

Gold price today at Rs 46,500 per 10 gm, silver selling at Rs 60,500 a kg

The price of gold jewellery varies across India due to excise duty, state taxes, and making charges.

Commodities bourse MCX to hire chief operating officer shortly

In a first, largest commodities bourse MCX is creating the post of chief operating officer, and the new appointment will be announced as early as early next month, a top exchange official has said. It can be noted that no exchanges in the country, be it the largest NSE or the oldest BSE - a publicly-traded entity or the rival commex National Commodity & Derivatives Exchange (NCDEX) have the post of a COO. All these exchanges have MDs/CEOs, chairmen and board members. We have shortlisted a few candidates for the post of our first COO. We should have him/her joining us from early next month, Multi-Commodity Exchange managing director and chief executive PS Reddy told PTI on Wednesday. Asked about the rationale for the post, which is a first in the exchanges space, he said there is more than enough workload for a second top executive. He also said the exchange will have a new chief technology officer soon to replace the vacuum created by the sudden exit of Manav Jain amid the ...

Aluminium industry frets that its supply snarls have just begun

That's the message coming from producers, consumers, traders and shippers at North America's largest aluminum conference, which ended Friday.

India will continue to be a favoured investment destination: Mihir Vora

Keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering, he said.

MARKETS TODAY: Commodities to hog the limelight for a second day

Rio Tinto pays $9.1-bn dividend as profit hits record on iron ore demand

Rio Tinto Group is the world's biggest iron ore miner

Gold price today at Rs 47,190 per 10 gm, silver trending at Rs 68,400 a kg

In New Delhi, the price of 22-carat gold was at Rs 47,400 per 10 gm

Some commodities have now wiped out all of their 2021 rally: Here's why

Other commodities that have seen their big rallies evaporate include platinum, while once-surging nickel, sugar and even lumber have faltered.

Brent may test $78 levels: Bhavik Patel of Tradebulls Securities

With most additional supply being gobbled up very quickly, gas prices will likely stay at elevated levels for the foreseeable future

Trading strategies for nickel and copper by Tradebulls Securities

Nickel has made 'harami' candlestick formation after sharp red candle, indicating selling momentum has subsided

Railways maintains steady momentum with higher freight loading in May 2021

Indian Railways reported 114.8 million tonnes of freight loading in May 2021 which is 9.7 per cent higher than the previous best of 104.6 MT reported in May 2019.

China bars banks from selling commodities-linked products to retail buyers

The China Banking and Insurance Regulatory Commission's (CBIRC's) order to exit these products has not been reported before

China targets 'speculators and hoarders' to stop commodity boom

There's been an unusual amount of attention from policy makers on commodities in recent weeks.

DAP prices might soften ahead as inputs costs in global markets look down

Centre may not need to provide further support this year as worst seems over for the two major input that goes into making DAP for now

Global stocks head for first weekly gain in three, commodities soar

S&P futures pointed to further gains, edging 0.1% higher on Friday.