Page 329 - Commodity News

Oil prices gyrate as OPEC heavyweights head to Vienna

Brent crude futures fell as far as 2 percent before clawing back to trade up 29 cents at $47.44 per barrel at 1008 GMT

Bullion mkt reopens after 16 days; gold tumbles 5% to Rs 1,750

Silver sheds almost 7% to Rs 41,600 a kg; jewellers shut since Nov 11 after I-T Dept carried out surveys, suspecting profiteering, tax evasion

Gold rises as dollar weakens

A slightly weaker US dollar saw gold prices recover some of the losses achieved earlier in the week

Demonetisation pulls down jewellery stocks by a fourth

Fall is because of a sharp decline in sales volume and prospects of grim future for near to medium term

Pak stops permits for agri import from India

The plant quarantine department has stopped issuing permits to its traders for import of commodities from India, though without an official announcement

Edible oil import to slow down as demonetisation hits consumption

Higher domestic oilseed crop, rising palm oil prices, weaker rupee are other factors that have impacted inward shipments of the commodity

China gold premiums hit 3-year high on possible import ban

China's net gold imports via main conduit Hong Kong fell 15% from a year earlier to 61.075 tonnes in October

Open interest in non-agri commodities declines on uncertainty over govt policy move

Volume increases due to price volatility, traders churn their portfolio for better profit

India gold premiums drop on subdued demand; China premiums hit near 3-year high

Traders say, in India the cash crunch forcing retail consumers to trim purchases

Indian cash crunch hits gold demand during peak wedding season

Scenario is being played out across India, world's 2nd biggest consumer of gold, where it is customary to gift jewellery in marriages

Note ban creates ripples in global bullion market

Real reason for crashing gold prices is not Trump victory, says expert

Traders cut positions on MCX due to policy uncertainty

Volume increases due to price volatility, traders churn portfolios

Rio Tinto to cut iron ore volumes

Company looking to maximize cashflows from Pilbara operations

Demonetisation: Vegetable growers feel the pinch

Fertilisers and pesticides dealers shift to credit sales

Govt imposes safeguard duties on some steel imports

As in the case of hot rolled coils, the safeguard duty would be tapering, with the peak duty being 10%

Arora report creates ripples in bullion market

Nigam Arora wrote that the real reason for crashing gold prices was not Trump victory but Modi demonetising 86% of the country's currency base at one stroke

Gold loses most liquid asset status

Scrap gold trade shifts to cheque payment in wake of demonetisation

Sesame output likely to fall 40% due to unfavourable climate

Due to crop damage caused initially by pre-season showers followed by water-logging from excessive rainfalls

Sugar prices at wholesale market fall by Rs 55 per quintal in New Delhi

Marketmen says besides ample stocks on regular supplies from mills following the beginning of a crushing session pulls down sugar prices

Opec to debate oil output cut next week but Iraq, Iran hesitate

Iran, Iraq and Indonesia had expressed reservations about their level of participation in what would be the group's first supply-limiting deal since 2008