BL Commodities

#Americans will have to pay more for the can of their favourite drink! This is all thanks to the tariff war unleashed by US President #DonaldTrump. Here’s what is happening in the aluminium market currently: #Aluminium prices are about $2,700 per tonne, near a nine-month high witnessed in the third week of February. Rates are up on lower supply from major producers and hopes of strong demand. 

Goldman Sachs, BNP Paribas, #Macquaire, ING, UBS, Citigroup USA Inc. and other such multinational investment banks and financial services companies have raised their price outlook for #gold with the precious metal topping $3,000 an ounce again this week. businessline World Gold Council

Barring a few districts in #Rajasthan, there is no concern over the condition of the #wheat crop so far this year in all the growing States. Farmers are expecting the yield to be at least 10 per cent higher than last year. businessline ROLLER FLOUR MILLERS FEDERATION OF INDIA.

HyFarm has set up a pilot project, Paathshala, across north Gujarat’s potato-growing regions, primarily focused in Sabarkantha and Banaskantha. This is the first year of the pilot. “A clear-cut objective of the Paathshalas is to reduce the cost of cultivation for farmers. The inflation cost is very high for potatoes. There are three major areas where we are looking to cut cultivation costs,” says SOUNDARARADJANE S, Chief Executive Officer, HyFarm. Arun Gopalakrishnan @businessline HyFun Foods

CottonConnect, a pioneering social enterprise committed to transforming global textile supply chains through sustainability, farmer capacity building, and women’s empowerment, will soon launch a pilot project on #KasturiCotton in western parts of the country (Gujarat or Maharashtra). Alison Ward Kinner Lakhani businessline

Haryana-based Aroma Agrotech Pvt. Ltd., which sells basmati rice under the AAT Aroma brand, plans to diversify into food manufacturing, including wheat flour, textiles and renewable energy, said the company’s Director Mayank Garg. businessline

India will likely find it difficult to woo back global buyers of broken rice after the government lifted the ban on its exports on March 7, traders and analysts said. Madan Prakash Murughasan Rajesh Paharia

 The wheat trade is not willing to accept the Ministry of Agriculture wheat production estimate this year of a record 115.43 million tonnes (mt), saying they are not convinced with the data. ROLLER FLOUR MILLERS FEDERATION OF INDIA. businessline

Physically-backed gold exchange-traded funds (ETFs) saw investments increase to a 34-month high in February, totalling $9.4 billion with positive inflows in North America and strong demand in Asia, the World Gold Council (WGC) said. businessline

Rice prices in the global market have plunged to over two-year lows on slack demand, higher inventories and stiff competition among producers, traders and experts. Projections of higher production and carryover stocks have compounded the situation. Madan Prakash Murughasan Rajesh Paharia businessline