Page 313 - Commodity News
Gold prices hold near 3-1/2 month highs; Trump economic policy in focus
Gold has resistance at $1,362, with crucial long term resistance in the $1,300 area
Non-fumigated wheat threat looms large
Consignments with false certificates could make their way to Indian shores, posing health risks
 "Non-fumigated wheat threat looms large")
Corrugated box makers hit by input price and supply issues
Corrugated box makers face stiff competition from plastics packaging
 "Corrugated box makers hit by input price and supply issues")
India gold hits 4-month high on firm global cues
Traders say, in India the cash crunch forcing retail consumers to trim purchases
 "India gold hits 4-month high on firm global cues")
Gold buyers eye Trump's economic policy before taking positions
Globally, the metal has been a safe haven so far, due to Brexit, weaker Euro & rising crude prices
 "Gold buyers eye Trump's economic policy before taking positions")
Stage set for gold spot exchange
Sebi may regulate it under powers for investors' protection
 "Stage set for gold spot exchange")
Tariff barriers keep India out of Chinese sesame, groundnut markets
China has levied 9% duty on import of sesame seed from India
 "Tariff barriers keep India out of Chinese sesame, groundnut markets")
Gold hits 14-week high as 'Trumpflation trade' fades
US gold futures rose 0.24 per cent to $1,254.40
 "Gold hits 14-week high as 'Trumpflation trade' fades")
India's steel exports register three-fold increase in January
Exports in January, 2017 (0.889 mt) was up 224 per cent over January 2016
 "India's steel exports register three-fold increase in January")
Oil prices rise after report shows drop in US stocks
Benchmark Brent crude oil was up 70 cents a barrel at $56.54
 "Oil prices rise after report shows drop in US stocks")
Coffee exports up on global price recovery
India's coffee export and re-export was 46,000 tonnes, as against 43,436 tonnes a year before
 "Coffee exports up on global price recovery")
Sebi to allow futures trading in degummed soya oil soon
Currently, traders import degummed soya oil without hedging any price risk on futures exchanges
 "Sebi to allow futures trading in degummed soya oil soon")
Seventh tranche of Sovereign Gold Bonds to open on February 27
This would be the last offering for the current financial year
 "Seventh tranche of Sovereign Gold Bonds to open on February 27")
Tough times ahead for domestic steel producers
Traders blame demonetisation for subdued demand in retail segment
 "Tough times ahead for domestic steel producers")
Chart: Weighing up an integrated oil firm
An integrated oil major: Possible scenarios
 "Chart: Weighing up an integrated oil firm")
Opec cuts, low freight rates help traders make profit on Asia crude routes
Around 30 supertankers have this month made long-haul trips to ship crude oil across Asia
 "Opec cuts, low freight rates help traders make profit on Asia crude routes")
India likely to import more as output set to fall
India scrapped its import duty in December and has been purchasing high-protein grain
 "India likely to import more as output set to fall")
Warm weather worries wheat farmers
Mustard, another rabi crop, will benefit from warmer days
Gold futures fall by Rs 66 on profit-booking, global cues
Globally, gold fell 0.13 per cent to $1,235.40 an ounce in New York yesterday.
 "Gold futures fall by Rs 66 on profit-booking, global cues")
Govt may reintroduce import duty on wheat
With stocks set to cross a record 96 mn tonnes, duty will help ensure payment of MSP to farmers
 "Govt may reintroduce import duty on wheat")