Cnbc Tv18 Analyst Commodity

Oil and silver rally to continue, sugar a worry: Experts

While global experts say oil will likely touch USD 60/barrel in 2016 and silver demand will continue to rise on account of its industrial purposes, back home in India, industry experts believe the country may have to import sugar in the time to come. Here's a wrap of the week's developments in the commodities space.

High prices lead to greater regulation of agri commodity futures

Short term knee-jerk measures like cracking down on pulses traders haven't been able to improve supply situation. Long-term measures are being discussed but yet to be implemented.

Sugar cos upbeat on prices, but govt keen on Rs 40/kg cap

Officials of the sugar ministry tell CNBC-TV18 they will not let the sugar prices go beyond Rs 40 per kilogram.

OPEC meet a step forward, but uncertainty still looms

In the past, a statement would be enough to put oil markets on track. That isn't the case now. The OPEC would want to get its mojo back, restore group unity and be taken seriously.

Import duty cut on sugar around the corner: Sources

Sources told CNBC-TV18 that there may be a cut in the import duty on sugar in order to curb prices and a ban may be imposed on the export of the commodity if prices rise further.

Govt may announce sugar stock limit today

The government may announce sugar stock limit for dealers today, in order to contain the recent price rise.

Metals rally could be short-lived as real demand is still patchy

After a stellar run-up in metals by 20â€“30 percent in the past month, there is now a much deserved pause seen in this commodity space.

Gold jewellery exporters may soon avail duty-free gold: Sources

The gold jewellery exporters will be able to avail the duty-free gold from banks and nominated agencies, and nominate at a notional price, and also, furnish the actual price after 180 days of exports, reports CNBC-TV18's Manisha Gupta.

Natural rubber at 1-year high; tyre makers may be hit

Rubber producing nations like Indonesia and Philippines have cut down on their production in the last six months, as producing rubber at a low rate of USD 2/kg was not remunerative enough, reports Sonia Shenoy of CNBC-TV18.

Centre asks M'rashtra to put stock limit on sugarcane: Sources

The move will not only put pressure on the stock price to curb any further hike, but the commodity held with sugar traders will also come into open market, reports Manisha Gupta of CNBC-TV18, quoting government sources.

Sebi mulls launching new commodity market products

Market regulator Securities and Exchange Board of India (SEBI) is considering launching new products in the commodity markets this year.

MCX-SX hopes to raise Rs 200-300 cr via rights issue

The rights issue is around Rs 500 crore. Most experts believe there won‘t be any problem with the rights issue. However, sources say some investors are reluctant to participate in the rights issue. But the exchange hopes to garner around Rs 200-300 crore.

FMC tells NSEL to sell defaulter‘s assets to clear dues

Regulator Forward Markets Commission (FMC) today instructed National Spot Exchange Ltd to take control of stocks and assets of the defaulting members and liquidate them to meet payment obligations

NSEL crisis: Jignesh Shah assures to repay, investors wary

Investors are going to start a round of meetings in New Delhi and call on various ministers and senior government officials.

Govt bars e-Series contract trading on NSEL: Sources

The message coming from the government side is till the time NSEL pays dues off it cannot trade.

Commodities mkt faces risk of default; FT may see more pain

NSEL claims to have physical stocks worth Rs 6,200 crore, this data is yet to be examined. Meanwhile, Reliance Mutual Fund via Reliance Growth Fund also sold nearly 12 lakh shares of Financial Technologies at an average price of Rs 235 per share in two block deals yesterday.