Page 327 - Commodity News
Cement sales dip in face of currency rationing
The sector has been seeing 10-20% drop in sales owing to currency rationing in the wake of demonetisation
 "Cement sales dip in face of currency rationing")
Jaggery producers face sharp increase in production cost on high cane prices
They've passed the hike on to consumers due to winter season demand, but their margins may get squeezed after Makar Sankranti
 "Jaggery producers face sharp increase in production cost on high cane prices")
Jewellery purchase by NRIs declines 50%
Due to cash crunch faced by customers
 "Jewellery purchase by NRIs declines 50%")
Opec move to cut production may adversely affect India
Global commodity prices saw a dip but then started to rise after the global financial crisis
 "Opec move to cut production may adversely affect India")
India targets $100-billion worth investments in gas infrastructure by 2022
It plans to add 228 more cities to city gas distribution network
 "India targets $100-billion worth investments in gas infrastructure by 2022")
Why OPEC's squeeze on oil prices is getting weaker all the time
Recently, OPEC took decision to cut oil production for the first time in eight years
 "Why OPEC's squeeze on oil prices is getting weaker all the time")
Mining cash pile signals a bounty for investors as markets rally
After 3 years of losses, index of industrial metals has rallied 26% this year
 "Mining cash pile signals a bounty for investors as markets rally")
Demonetisation: Poultry price declines on weak consumer demand
Liquidity crunch forces consumers to stay away from orders
 "Demonetisation: Poultry price declines on weak consumer demand")
Stable oil market vital for India, says Opec
Initiates bilateral talks with consumers like India, China and Russia
 "Stable oil market vital for India, says Opec")
Demonetisation puts brakes on agri-commodity exports
Exports of cotton, groundnut, soya meal affected; exporters fail to meet commitments due to lower arrivals
 "Demonetisation puts brakes on agri-commodity exports")
Gold import to determine size of India's current account deficit : Icra
Icra expects India's CAD to be curtailed under $20 billion in FY2017, lower than around $22 billion in FY2016
Commodity picks: December 5, 2016
Coriander prices in Kota market are trading at Rs 7,883 a quintal
Abhishek Deshpande: Bullish trajectory for crude oil in 2017
Deshpande says with an Opec cut, he expects market to be balanced as early as the end of the first quarter of 2017
Petrotech 2016: Oil price concerns different this time
The 13-member grouping decided to cut crude oil output by 1.2 million barrels per day (mbd) from January 2017
 "Petrotech 2016: Oil price concerns different this time")
Gap in wholesale and retail vegetable prices widens on cash shortage
Farmers accuse wholesalers for taking undue advantage of demonetization, traders help farmers to open a bank account for online transfer of funds and issue a cheque instead of cash
 "Gap in wholesale and retail vegetable prices widens on cash shortage")
Oil steadies after Opec decision prompts big weekly rally
The market focus now shifts to the implementation and impact of Opec's first production agreement since 2008
 "Oil steadies after Opec decision prompts big weekly rally")
No proposal to cut import duty on gold: Govt
Gems and jewellery exporters have demanded cut in the import duty to boost exports
 "No proposal to cut import duty on gold: Govt")
Gold rises from 10-month lows as dollar sags
Gold was trading down 0.7% for the week, on track to post a fourth consecutive weekly decline
 "Gold rises from 10-month lows as dollar sags")
US crude futures extend gains on production cut deal
US West Texas Intermediate crude futures were at $51.10 per barrel by 0037 GMT, up 5 cents from their last settlement
 "US crude futures extend gains on production cut deal")
Warmer winter likely; crops may be hit
Late rise in temperate would affect maturing rabi crops
 "Warmer winter likely; crops may be hit")