Mt


 

The first normal southwest in 2016 after two years of drought had the central government issuing a revised upgrading of the country's overall foodgrain production in the 2016-17 crop year (ending this June 30) by 2.3 million tonnes, to a record 275.68 mt. The first normal southwest in 2016 after two years of drought had the central government issuing a revised upgrading of the country's overall foodgrain production in the 2016-17 crop year (ending this June 30) by 2.3 million tonnes, to a record 275.68 mt.

country crop foodgrain government June mt normal production record mt Southwest

 

The country has sufficient stock of available and there are no plans to allow further imports of the at zero duty, Food Minister said on Saturday.

The country has supply of about 27.9 million tonnes (MT) in the current 2016-17 season (October-September).

crushing current duty import mills mt October operations season tonnes

 

The government on Friday hiked the on to 15 per cent from 7.5 per cent and on refined to 25 per cent from 15 per cent to curb and boost for supporting domestic farmers and refiners. At the same time, the government could have raised the duty difference between and refined palmolein to 12.5-15 per cent to support domestic refiners for value addition," SEA Executive Director B V Mehta told PTI.He said the decision would help in restricting cheaper to protect domestic farmers and processors.

cent domestic edible farmers government mt oils processors refined vegetable

 

FinTwit’s Mt. Doom [0.19]

Posted on Aug. 10, 2017, 5:09 p.m. by Wall Street Bean @ [source]

FinTwit’s Mt. They perfectly sum up what’s been going on for years in some fintwit circles.

circles dragged FinTwit influential love mt perfectly Quotes smart years

 

State-owned (IOC) plans to nearly to 150 mt by 2030 and source 10 per cent of the need from its own assets, said Chairman Sanjiv Singh. Capacity of the Panipat refinery in Haryana will be raised by a quarter to 20.2 mt, from the current 15 mt.A 3-mt capacity addition each is planned in Uttar Pradesh's Mathura and Bihar's Barauni refineries, which will take their capacity to 11 mt and 9 mt, respectively.The recently-commissioned 15 mt Paradip refinery in Odisha will see a capacity addition of 5 mt while about 3 mt will be added in IOC's Digboi and Bongaigaon refineries in the North-East.He, however, did not give investment details of the expansions that will take the capacity to 150 mt.Singh said IOC plans to commission its 5 mt a year LNG import terminal at Ennore in Tamil Nadu in early 2018.

addition capacity India IOC mt plans refineries Refinery refining Singh

 

Lupin, Dr Reddy’s Laboratories, and (Differential Voting Rights) from the Nifty50 index hit their respective 52-week lows, down up to 4% on the National Stock Exchange (NSE).Coal India, the biggest loser among Nifty 50 index, was down 4% to Rs 242, extending its previous day’s 1% decline on BSE.The company produced 155.4 million tonnes (mt) of coal in April-July of 2017- 18, missing the target by 12.6 mt. The production goal for April-July was 168 mt, said in a filing to the BSE on Tuesday.too slipped 4% to Rs 996, extending its 12% decline in past 10 trading days.

April BSE coal decline extending index July Lupin mt Rs

 

India's crude steel production dips to 7.9 MT in June [0.02]

Posted on July 26, 2017, 7:58 p.m. by Markets @ [source]

The country's crude production declined marginally by 1.1 per cent to 7.9 million tonnes (MT) in June, according to the latest report by World Association. Compared to May 2017, it is 1.3 percentage points higher, it said.India has overtaken the US to become the world's third largest producer and the country is now looking to bag the second spot from Japan.Minister Chaudhary Birender Singh had earlier said that India is heading towards becoming the second largest producer in the world.

Association cent country crude June months mt producer production stood

 

Domestic sugar prices to move up on import duty hike: Icra [0.06]

Posted on July 13, 2017, 2:28 p.m. by Markets @ [source]

The government, early this week, raised the import duty on following the recent decline in prices and the improved outlook for domestic production for the upcoming year (SY) 2017-2018 beginning October.

Low import demand from India and global surplus expectation in 2017-18 on account of increased production from Brazil and India, have resulted in a fall of prices from around $540-$550 a tonne in January-February 2017 to $510 a tonne in March 2017.

cane domestic duty import India mills mt production recent tonne

 

Sugar output may rise 25% in 2017-18 season [0.05]

Posted on July 11, 2017, 8:10 p.m. by Markets @ [source]

Indian mills are expected to produce 25.1 million tonnes (mt) of sugar during the 2017-18 sugar season beginning October, nearly 25 per cent higher than last season’s 20.3 mt, the Indian Association (ISMA) said on Tuesday. This is because of better production in Brazil, no Indian demand in international market, and a depreciating Brazilian currency, making export from that country remunerative.

cent government Indian June market mt production season stock Sugar

 

Sugar production to be 25% higher in 2017-18 season: ISMA [0.07]

Posted on July 11, 2017, 2:59 p.m. by Markets @ [source]

The Indian Association (ISMA) on Tuesday projected the for the 2017-18 season beginning October at 25.1 million tonnes (mt). This has been because of following reasons: Better production in Brazil, depreciating Brazilian currency making exports from that country remunerative and no Indian demand in international market.

cent duty government June months mt season stock Sugar trade

 

Sugar output seen higher, govt mulls help for industry [0.06]

Posted on July 6, 2017, 8:58 p.m. by Markets @ [source]

However, high production after a year of low output could spoil mills' balance sheets, with a fall in open market prices. Industry leaders, however, estimate 25-25.5 mt.

cent ethanol higher industry mill mt OMCs present production rise

 

Govt might fix output floor for iron ore mines [0.03]

Posted on June 26, 2017, 8:52 p.m. by Markets @ [source]

The central government is working on a proposal for encouraging companies to mine more iron ore, by benchmarking the mining capacity and linking it with royalty payment. With the new proposal, the government would fix an output floor.

capacity cent companies government mine mining mt ore proposal Steel

 

Iron ore export slumps with fall in global prices [0.01]

Posted on June 22, 2017, 1:04 p.m. by Markets @ [source]

With seaborne ore prices down 40 per cent from the peak in late February, the Indian high-cost export is fading away.

Spot iron-ore prices have slumped to $55 a tonne, from a recent peak of $94.5 a tonne in late February.

cent grade Indian late mining mt ore peak Steel tonne

 

World steel output in May jumps to 143 million tonnes [-0.40]

Posted on June 21, 2017, 6:48 p.m. by Markets @ [source]

World crude output in May increased marginally by two per cent to 143 million tonnes (mt) over the same month last year, said the World Association.

The World Association is one of the largest industry bodies in the world.

Association cent China crude EU increased marginally mt production tonnes

 

According to farmers, high imports following the government's decision to reduce customs duty on cocoa powder is also a reason for price drop. It is coming back now,” says Chordia, who also advises farmers and collaborates with the government on various projects in cocoa farming.

Bhandary cent Cocoa farmers India kg market mt reason Rs

 

The Uttar Pradesh (UP) government is likely to miss its target in the current marketing season. The government has procured only three million tonnes (mt) of wheat so far since April 1, which is just 40 per cent of the target of eight mt, even as only a fortnight remains before the season ends on June 15.

agencies current farmers government mt private Rs season tonnes wheat

 

KR Choksey Securities has Buy call on The Ramco Cements Ltd. with a target price of Rs 809. The current market price of The Ramco Cements Ltd. is 716.5 Time period given by analyst is year when The Ramco Cements Ltd. price can reach defined target.The cement production in the Southern region remained flattish during the quarter on account of restriction on sand availability and subdued infrastructure spending in Tamil Nadu due to of political issues.

Cement cent debt expect FY17 FY19E mt Ramco Rs mn Volume

 

The stock rose over 2% soon after the results, but fell later in the day to close 5% lower on Tuesday on the news that CBI filed a charge sheet against the company’s promoter, Naveen Jindal, relating to the coal block case.The development may affect the stock in the short term though the long-term scenario looks upbeat considering the commissioning of new facilities and receding debt. In FY18, sales growth will be propelled by higher production as its new Angul unit in Odisha is set to be operational soon.“In India, we will clock production of 6 million tonnes (MT) in FY18 and 7-7.5 MT in FY19,” Ravi Uppal , managing director, JSPL told ET.The guidance is higher than analysts’ expectation of 4.8-5 MT production for FY18 and 6 MT for the next fiscal.

Angul coal debt fiscal FY18 higher JSPL mt production Steel

 

The outlook for is likely to remain negative in next fiscal due to continued operational and financial challenges and lower demand from the realty sector, says a report.

The demand will remain muted at 4-5 per cent in FY18, and is likely to be driven by demand from key end-user industries such as construction, capital goods and An increased government spending due to budget push on infrastructure and housing may support demand.

FY17 FY18 grow mt production

 

ET Intelligence Group: The Petronet LNG stock, India’s largest LNG terminal operator, is likely to remain the top bet in the sector given the higher utilisation of its Dahej terminal.Also, the expansion of the terminal and the completion of Kochi-Mangalore pipeline by GAIL may bring incremental volume in the next two years. Hence, higher volume of regasification translates into better earnings.During the analyst call after March quarter results, the management projected volume to grow by 20 per cent to 16.5 million tonnes (MT) at Dahej in FY18.The terminal’s capacity is expected to reach 17.5 MT by the end of 2019 from current 15 MT.Apart from existing contracts, Dahej terminal may report incremental volume of 0.5 MT from Torrent Power The supply to Torrent Power has begun in April 2017.

cent Dahej earnings mt projected quarter terminal The utilisation Volume