Page 283 - Commodity News
Steel mills see room for further iron ore price cut
Iron ore prices fall in global markets due to oversupply and lower demand resulting from expected fall in steel output in China
 "Steel mills see room for further iron ore price cut")
Brace for onion tears this Diwali: Prices at six-week high in Lasalgaon Mandi
Onion arrivals, however, have been normal with farmers bringing in 1,400 tonnes of the bulb to Lasalgaon
 "Brace for onion tears this Diwali: Prices at six-week high in Lasalgaon Mandi")
Jewellery stocks up on revival in consumer interest post PMLA exemption
Tribhovandas Bhimji Zaveri closes 5.27% up, Gitanjali Gems, Titan Company rise by 3.58% and 3.48%
 "Jewellery stocks up on revival in consumer interest post PMLA exemption")
Gold imports surge on withdrawal of PMLA rule
From Oct 1, the govt has reduced the import tariff on gold by $18 to $413 per 10 grams
 "Gold imports surge on withdrawal of PMLA rule")
Sovereign gold bonds: Govt changes rules to get better response
The most important change is that these bonds will be available almost 'on tap'
 "Sovereign gold bonds: Govt changes rules to get better response")
Gold, silver glitter on global cues
Globally, gold rose erasing all of the previous week's losses
India's coffee exports up 9.36% in 2016-17 marketing year
Major export destinations are Italy, Germany, Turkey, Russian Federation and Belgium
From on-tap availability to limit hike: 5 reasons to invest in gold bonds
The most important change is that now bonds will be available virtually on tap as the issue that opened on Monday will remain open until December 27
After Rs 50,000 no-PAN relief, gold sales may revive during Diwali
India is the world's largest gold consumer
 "After Rs 50,000 no-PAN relief, gold sales may revive during Diwali")
AP govt seeks legitimising cultivation of herbicide-tolerant GM cotton
A group of Indian seed companies have also been engaged in legal battle with Monsanto over trait value among other patent-related claims
 "AP govt seeks legitimising cultivation of herbicide-tolerant GM cotton")
Is this the right time to buy gold, given the price correction?
Advisors bet on the metal for its safe-haven status and hedge against inflation
Govt to launch sovereign gold bond scheme on Oct 9
Discount restricted; higher quantity investment allowed
Andhra to inspect cultivation of Monsanto's unapproved GM cotton
The order did not say how the farmers accessed the unapproved variety of GM cotton
KYC not needed for buying jewellery above Rs 50,000
Jewellers and consumers will not have to keep record of PAN and Aadhar for purchases above Rs 50,000
 "KYC not needed for buying jewellery above Rs 50,000")
Gold prices recover on global cues, jewellers' buying
Globally, gold rose by 0.03% to $1,268.20 an ounce
Sugar industry overestimated October output
Will now be 60% below earlier commitment of 800,000 tonnes as maintenance work delays start of cane crushing
 "Sugar industry overestimated October output")
Soybeans rise on US harvest rain and Brazil planting risks
Corn also edged higher as rain delays to harvesting were also forecast in parts of the US Midwest
 "Soybeans rise on US harvest rain and Brazil planting risks")
Gold edges higher on bargain hunting after correction
Spot gold was up 0.3 per cent at $1,277.82 an ounce at 1005 GMT
Jindal, Visa Steel, Bhushan corner 80% iron ore in OMC's e-auction
OMC offered 310,000 tonnes of lumps sourced from its Gandhamardhan, Daitari and Khandadhar mines
 "Jindal, Visa Steel, Bhushan corner 80% iron ore in OMC's e-auction")
Gold plunges Rs 225 on muted demand from jewellers, silver dips by Rs 450
Globally, gold rose 0.06% to $1,275.40 an ounce
 "Gold plunges Rs 225 on muted demand from jewellers, silver dips by Rs 450")