World Gold Council and MMTC-PAMP launch India’s first ‘Precious Metals Assay and Training Institute’

The World Gold Council and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers. The initiative is a world class training facility that will establish assaying as a certified qualification and career in India, and will directly enhance the integrity of gold […]

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SEBI proposed as regulator for India’s spot commodity exchanges for gold, metals

Spot commodity exchanges for gold, metals and even energy products like natural gas could come under the Securities and Exchange Board of India (SEBI) for regulation. The move has been recommended by a committee appointed by the finance ministry under NITI Aayog member Ramesh Chand, which also suggests that the “existing institutional infrastructure of commodity exchanges may […]

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Australia says resources and energy export earnings to decline over next two years as prices fall

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Australia’s resources and energy export earnings, which grew rapidly by 25 per cent to an estimated $205 billion in 2016–17 are forecast to decline marginally until 2019 as declining prices are expected to more than offset the impact of rising export volumes. The Department of Industry, Innovation and Science said in its latest quarterly report […]

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Global soybean imports to rise as China’s demand rises on appetite for pork, aquaculture, and dairy

Global soybean consumption is forecast to grow 4 percent in 2017/18, driven mainly by China’s strong protein feed demand, the U.S. Agriculture Department (USDA) said in its latest international supply and demand report. This demand is projected to lift soybean imports to a record 93 million tons. Despite recent variability in animal production, expanding hog […]

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IMO sulphur reduction deadline to hit the world of commodities

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The global shipping industry is dreading a regulatory decision that while reducing maritime pollution, will nearly double fuel costs in a sector already reeling from its worst downturn in decades. In an attempt to curb emissions from ships, the UN International Maritime Organization (IMO) has placed a cap on sulphur content in marine fuel oil […]

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The heat is on…April continued the warm trend set in February and March.

The globe had the 2nd warmest April and year to date on record, the U.S. National Oceanic and Atmospheric Administration (NOAA) said. The globally averaged temperature over land and ocean surfaces for April this year was the second highest for the month of April in the global temperature dataset record, which dates back to 1880. […]

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World Gold Council seeks to create a spot exchange for gold in India along with local bourses

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The World Gold Council is working with the Indian government, Indian bourses and the markets regulator on plans to create a local physical spot-gold exchange that may start up as soon as next year. “We are working on a gold exchange for India,” P.R. Somasundaram, managing director for the World Gold Council in India, confirmed […]

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India says critical monsoon to hit its shores on time

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The summer monsoon, that brings 70 percent of the annual rains to India, is expected to hit the shores of the southern Kerala state on schedule, the Indian Meteorological Department (IMD) said. The monsoon normally hits Kerala on June 1. “The statistical model forecast suggests that the monsoon onset over Kerala is likely to be […]

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