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वित्त वर्ष 2016-17 की तीसरी तिमाही में नेशनल एल्युमिनियम कंपनी लि. (नेल्को) का मुनाफा बढ़कर 144 करोड़ रुपये हो गया है। इसकी घोषणा सोमवार को की गई।  

कंपनी की यहां सोमवार को हुई बोर्ड बैठक में इसके वित्तीय नतीजों की समीक्षा की गई। इसमें बताया गया कि नाल्को ने समीक्षाधीन तिमाही में 144 रुपये का मुनाफा कमाया है, जबकि पिछली तिमाही में यह 121 करोड़ रुपये थी और वित्त वर्ष 2015-16 की तीसरी तिमाही में यह 148 करोड़ रुपये थी।  कंपनी ने बयान में कहा कि समीक्षाधीन अवधि में उसकी कुल बिक्री 1,848 करोड़ रुपये रही।  

चालू वित्त वर्ष की तीसरी तिमाही में नाल्को का एबिटा (ब्याज, कर, वेतन आदि चुकाने से पहले की आय) 361 करोड़ रुपये रहा, जबकि पिछले वित्त वर्ष की समान तिमाही में यह 282 करोड़ रुपये थी।  

कंपनी ने कहा, "खुशी की बात है कि नाल्को ने चालू वित्त वर्ष की सभी तिमाहियों में मुनाफा दर्ज किया है, जबकि एल्युमिनियम उद्योग का वैश्विक बाजार मंदी का शिकार है और कई कंपनियों ने नुकसान की रिपोर्ट दी है।" 

चालू वित्त वर्ष के दिसंबर 2016 में खत्म हुई 9 महीनों की अवधि में कंपनी का कुल मुनाफा 400 करोड़ रुपये रहा, जबकि पिछले वित्त वर्ष की समान अवधि में यह 573 करोड़ रुपये थी। इन नौ महीनों में कंपनी की बिक्री 5,071 करोड़ रुपये रही, जबकि पिछले वित्त वर्ष की समान अवधि में यह 4,866 करोड़ रुपये थी। 

Mustard Seed on NCDEX settled down by -0.65% at 3793 on expectation of higher supply. President of MOPA said mustard that carry over stock as of Feb 1 is pegged at 400,000 ton. The upcoming mustard crop is in very good condition so the production of mustard this year is likely to be in the range of 6.5-7 million tons. With the expectation of good crop in 2016/17, the new season supplies will be at higher size in the country. In addition to that the carryover stocks from last year might be higher as country imported record mustard oil and exported multiyear low mustard meal. However, the prices will get some support from the increase in minimum support price (MSP) of Rapeseed & Mustard to Rs. 3,700 per quintal for 2016/17 from Rs. 3,350 per quintal last year. 

        Trading Ideas

• Rm seed trading range for the day is 3764-3830.

• Mustard seed prices ended with losses on expectation of higher supply.

• President of MOPA said mustard that carry over stock as of Feb 1 is pegged at 400,000 ton.

• The upcoming mustard crop is in very good condition so the production of mustard is likely to be in the range of 6.5-7 million tons In Alwar spot market in Rajasthan the prices dropped -77.25 Rupees to end at 4025 Rupees per 100 kg. 

NCDEX Wheat futures remained locked in a steady trade after a recent recovery from lows near Rs 1700 per quintal for the benchmark March 2017 futures. Global cues were firm as Chicago Wheat futures extended their rally to a seven-and-a-half month high of $4.50 a bushel amid excellent fund buying. 

The domestic price action has been muted over last few weeks as the traders stared at a record harvest. As per preliminary reports received from the States, the total area sown under Rabi crops as on 3rd February 2017 stands at 645.12 lakh hectares as compared to 610.44 lakh hectare this time in 2016. Wheat has been sown in 317.81 lakh hectares, up nearly 6% on year. 

The NCDEX Wheat futures for March dropped from a high near Rs 1900 per quintal in mid November 2016 to around Rs 1700 per quintal in first week of February 2017. The counter currently trades at Rs 1722 per quintal, almost unchanged on the day.

Nickel futures jumped over 1 % during evening trade in the domestic market on Monday as investors and speculators extended their positions in the industrial metal on increase in demand from consuming industries in the spot market amid a firm overseas trend. Further, nickel prices were also buoyed after China reported better-than-expected trade data for January as demand picked up both at home and abroad. 

At the MCX, nickel futures for February 2017 contract is trading at Rs 719.60 per kg, up by 1.24 per cent, after opening at Rs 713, against a previous close of Rs 710.80. It touched the intra-day high of Rs 720.70.

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Gold futures were trading lower during afternoon trade in the domestic market on Monday as investors and speculators remained on the sidelines in the precious metal on strength in the US dollar, against a basket of other currencies, amid a smooth meeting between the US President Donald Trump and Japanese Prime Minister Shinzo Abe that saw no mention of currency policy.

• Gold trading range for the day is 28822-29380.
• Gold prices recovered from lows to end with gains as the U.S. dollar and Treasury yields came off their highs.
• U.S. economic data has also stoked talk that the Federal Reserve would press ahead with U.S. interest rate hikes sooner rather than later. 
• SPDR gold trust holdings gained by 0.50% i.e. 4.14 tonnes to 836.72 tonnes from 832.58 tonnes. 

       Metals Tonnes Change 

Aluminum          2237500 -7900

Copper                251525 -3200

Nickel                 382584 -660

Lead                   188825 -75

Zinc                    384175 -1050

India, the world's biggest consumer of sugar, will likely need to import around 1.5 million tonnes of the sweetener this 2016/2017 season, the chairman of one of the country's sugar trade associations told Reuters on Monday.

 "The timing of the imports will be settled by the government but I personally feel that around 1.5 million tonnes is enough," Praful Vithalani, the chairman of the All India Sugar Trade Association, said in an interview on the sidelines of the Dubai Sugar Conference. Vithalani said the government could likely make a decision on imports by March but no later than April 15. By that time, Vithalani expects the government to have a clearer forecast for production and consumption figures. 

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The government's production forecast of 22.5 million tonnes remains unchanged for now but the Food Ministry is expected to reassess the situation soon. Vithalani forecasts production for the 2016/2017 season at around 20 million tonnes, plus or minus 2 percent, with opening stocks of 7.7 million tonnes and consumption of around 24.5 million. 

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Indian cotton exporters have cancelled orders for around 25,000 bales and postponed shipments of about 200,000 bales by up to a month after a supply shortage pushed up local prices, industry officials told Reuters. 

The move by the world's biggest cotton producer is likely to help rival suppliers like Brazil, the United States and some African countries boost exports, with some India textile mills even starting to import cheaper fibre from overseas. "Exporters had signed contracts at around 75 % (per lb) in December and January. Now (local) prices have shot up to 84 cents. They could not fulfil the orders," said an exporter based in Mumbai, adding that contracts to export nearly 25,000 bales to Pakistan and Bangladesh have been cancelled.