Page 324 - Commodity News
Sebi to finalise norms for options in commodities soon
However, regulator is treating issue with caution; experts suggest letting banks act as aggregators
 "Sebi to finalise norms for options in commodities soon")
In Nov, only 16% of total gold imports was duty-free for exports
The proportion of gold used for exports in total imports of the yellow metal falling for two months
 "In Nov, only 16% of total gold imports was duty-free for exports")
Kerala's largest gold loan cos hold more gold than Belgium or Australia
Gold holdings at Muthoot Finance, Manappuram Finance and Muthoot Fincorp stood at 263 tonnes in Sept
 "Kerala's largest gold loan cos hold more gold than Belgium or Australia")
Gold slumps to 11-month low on weak demand
Silver fell by Rs 210 to Rs 38,600 a kg on reduced offtake by industrial units and coin makers
Gold prices extend gains for 2nd day, silver declines
Gold prices firmed up in the global market in view of fall of dollars in overseas market
 "Gold prices extend gains for 2nd day, silver declines")
Commodity picks: 26 December, 2016
Chilli is currently trading at Rs 9,138 a quintal in the Guntur market
Commexes' turnover remains flat in 2016
Uncertainty, suspension in futures trading in agro contracts hit biz; trades see recovery in 2017
 "Commexes' turnover remains flat in 2016")
Sugar company stocks up as lifting resumes from bulk consumers
With this upsurge in stocks, over half of the decline since the demonetisation has been reversed
 "Sugar company stocks up as lifting resumes from bulk consumers")
Gems and jewellery exports to EU worth $3 bn at risk
EU comprises 8% of India's overall annual exports of gems and jewellery worth $39 bn
 "Gems and jewellery exports to EU worth $3 bn at risk")
Tur price falls below minimum support price on bumper output estimates
Farm technology companies see increasing role in helping farmers' income
 "Tur price falls below minimum support price on bumper output estimates")
More than 8,000 acres of vacant rail land to grow farm products
There are about 930.75 hectares of railway land which is currently encroached upon
 "More than 8,000 acres of vacant rail land to grow farm products")
Oil prices fall on US inventory build; Libya output ramps up
US crude stocks rose by 2.3 million barrels in the week to Dec 16 even as refineries hiked output
 "Oil prices fall on US inventory build; Libya output ramps up")
Gold steady as dollar retreats from 14-year peak
Bullion gave up earlier gains as the greenback came off session lows against six major currencies
Price fall partly nullifies benefit of wheat import duty waiver
Since India scrapped 10% import duty on December 8, prices fell by 6% in CBoT and 5-7% locally
 "Price fall partly nullifies benefit of wheat import duty waiver")
Labelling norms for loose garments relaxed
No need to declare details of manufacturers under Packages Commodities Act
 "Labelling norms for loose garments relaxed")
Jewellers want wider ambit for compulsory hallmarking
Earlier this month, BIS restricted hallmarking to ornaments with purity of 22 kt,18 kt, 14 kt
 "Jewellers want wider ambit for compulsory hallmarking")
India may turn net steel exporter
During April-November, exports increased 53% over the same period last year to 4.24 million tonnes
 "India may turn net steel exporter")
Foodgrain output may scale peak next year, agriculture growth at 5.5%
Government has allowed commercial cultivation of Bt cotton and there is moratorium on Bt brinjal
 "Foodgrain output may scale peak next year, agriculture growth at 5.5%")
Gold prices gain on positive global cues, jewellers' buying
Silver rebounded, gaining Rs 650 to Rs 39,650 per kg
Gold falls as dollar rises
Spot gold fell 1 per cent to $1,126.65 an ounce