MUMBAI (Reuters) – Gold importers are offering a discount of $2 an ounce versus London prices for the first time in almost five months due to market oversupply.
Importers generally charge a premium over London prices but demand in the world’s second-biggest gold consumer is expected to fall sharply this month after shipments surged in the past three months.
MUMBAI, Dec 18 (Reuters) – Indian gold importers are
offering a discount of $2 an ounce versus London prices for the
first time in almost five months due to market oversupply.
Importers generally charge a premium over London prices but
demand in the world’s second-biggest gold consumer is expected
to fall sharply this month after shipments surged in the past
MUMBAI/LONDON (Reuters) – India is likely to approve raw sugar export incentives soon, but a cabinet decision risks being delayed by the government’s insistence that mills pay cane arrears to farmers.
A decision on raw sugar incentives could weigh on global sugar prices as additional Indian supplies will hit the world market at competitive prices. Mills are holding white sugar stocks and will produce raws if the government sets a subsidy.
MUMBAI, Dec 11 (Reuters) – Thai raw sugar premiums rose this
week but trade was muted after last week’s brisk activity.
“From the old Thai crop very little quantity is available
for trade. The crushing has started in Thailand and new-season
crop has been offered for January and February delivery,” said a
MUMBAI/SEOUL (Reuters) – Mumbai civil servant Sachin Kenjale regularly ends his day with a steaming cup of instant coffee after trying the drink for the first time with friends around two years ago.
Typical of the growing thirst for quick and cheap coffee sweeping parts of Asia traditionally considered bastions of tea drinking, industry officials say that kind of demand will push the market share of the robusta beans used to make instant powder above more expensive arabica by the end of the decade.
MUMBAI, Nov 27 (Reuters) – Indian traders have yet to
arrange sugar export deals for the new season harvest as mills
are not producing raw sugar due to uncertainty over whether the
government will offer incentives, industry officials said.
A drop in exports by India, the world’s second-biggest
producer, would support global sugar prices and let
rivals Brazil and Thailand increase shipments of the sweetener.
SATARA, India, Nov 20 (Reuters) – After years of buying
cooking oil sold in plastic bags at a village store, Indian
farmer Kisan Pawar has made the jump to branded packs of soyoil
from a retail chain.
Falling prices of imported oil and a marketing drive
that often plays on health concerns over unbranded sales are
prompting more Indians like Pawar to switch to products sold by
big companies such as Ruchi Soya, Adani Wilmar,
Cargill and Bunge.
JALGAON, India, Nov 18 (Reuters) – Pradeep Jain has been
operating his ginning mill at only 10 percent of capacity even
as India is set to become the world’s biggest cotton producer
with a record harvest.
“Since prices have fallen below the minimum support price,
farmers are not willing to sell their crop to private players,”
Jain said, pointing towards his empty warehouse, which usually
overflows in November as harvesting gains pace.
MUMBAI, Nov 13 (Reuters) – Indian appetite for gold jumped
by more than a third in the last quarter, in sharp contrast to
the rest of the world, boosted by jewellery demand for the
wedding season, an industry body said on Thursday.
Demand in India rose 39 percent to 225.1 tonnes in July-Sept
- the second highest on record for the quarter, even as global
appetite fell to its lowest in nearly five years, according to
the World Gold Council.
MUMBAI, Oct 17 (Reuters) – Indian natural rubber output is
likely to drop over 10 percent in 2014/15 from the previous crop
year, hit by heavy rain in key growing regions and as farmers
suspend tapping due to lower prices, the head of the country’s
top producer said.
Falling output amid rising demand from the local auto
industry would force the world’s fifth biggest rubber producer
to increase overseas purchases of the tyre making material.