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Commodity price News

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Durable makers would also go for another hike before the festive seasons as the industry is considering a price revision based on input credit, when their existing stock of raw materials and components would replenish.
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Slumping commodity prices and lower tax receipts will see Australia`s budget deficit balloon to Aus$37.4 billion (US$27.2 billion) this year, Treasurer Scott Morrison said Tuesday as he downgraded economic growth forecasts.  
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The Reserve Bank on Thursday asked the banks to advise their large agri-borrowers to hedge their commodity price risks through derivative products available on the exchanges.
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Sesa Sterlite on Thursday posted 11 percent dip in consolidated profit after tax during the third quarter of the current fiscal at Rs 1,588 crore subdued oil prices lowered income.






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