Page 323 - Commodity News

Little enthusiasm for precious metals

In 2016, gold returned nearly 12 per cent in rupee terms and eight per cent in dollar terms

Gold, silver log out of 2016 on muted note, post annual gains

Gold sheds Rs 200 to Rs 28,300 per 10 gm, silver loses Rs 500 to Rs 39,400 a kg

Spices Board banks on value-added products amid struggling exports

Plans to sell products such as spice chocolates, mouth fresheners, cosmetics in the global markets

Norms for options trade in commodities soon

Experts also suggest other measures be taken to achieve the increasing of hedging by farmers

Commodity exchanges see sharp fall in volume in December

Absence of cross hedging from Dubba traders, thin trade in agri mandi, demonetisation creates haul

Price of base metals unlikely to increase further: ICRA

Improving manufacturing PMIs of major economies is a positive sign for global base metal demand

Brent prices slip on surprise build in US crude stocks

Brent crude oil futures fell 13 cents or 0.23% to $56.09 a barrel

Gold edges up on subdued physical demand, short-covering

The most active US gold futures for Feb delivery settled up $2.1, or 0.18%, at $1,140.90 per ounce

Opec-Russia combine may harden oil prices

With Russia, the oil cartel accounts for 53% of world crude production, based on 2015 data

Gold import had a small export component in Oct-Nov

The bullion trade was very thin since February and the average monthly import was 25-30 tonnes

Robusta coffee exports face global price pressure despite rising demand

The predicted prices are apparently below the cost of production in Chennai

Gold snaps 3-day winning spree, silver drops

Silver (.999 fineness) fell by Rs 275 per kg to finish at Rs 39,300 from from Rs 39,575

Jeera exports to remain immune to demonetisation

Exporters of the spice say farmers have begun accepting payments digitally, ensuring steady supply

2016: Gold fritters away solid opening, outlook remains foggy

The consolation is year-on-year return has turned positive, making it by far a successful one

Govt removes minimum export price of potato

India has exported 0.18 mt of potato in financial year 2015-16

Aluminium makers ask for cushion against imports

MIP helps check cheaper imports from China, West Asia

Assam again revises deadline for cashless wage transfers in tea gardens

Process of paying wages in cash will continue till Jan 5 next year, will cover Dec 30-31 pay cycle

Castor futures likely to be relaunched

Sebi, is considering a proposal on this and is likely to announce its decision soon

Gold rules firm for 3rd day, silver recovers

Gold futures for February delivery went up by $10.90, or 1 per cent, at $1,144.50 in light volume

Tamil Nadu fixes fair price at Rs 2,850 a tonne for sugarcane farmers

This is Rs 550 over and above the Centre's fixed price at Rs 2,300 for the 2016-17 season