Page 333 - Commodity News

Seafood body to tell EU of steps taken on shipment quality

New EU norms call for testing half the consignment, up from 10% earlier, after discovery of chloramphenicol and other contaminants in export samples

Oil falls as non-OPEC countries yet to pledge concrete output steps

Russia expects to increase its oil output by 0.7% next year and a further 0.9% in 2018

Diwali mood drags volumes of agri-commodity futures

Experts say lack of interest in futures market has led to the decreased volumes in agri-commodities during Diwali season

Dhanteras jewellery sales climb 30-50%

The Diwali week contributes nearly 15-20 per cent of India's overall gold demand of over 900 tonnes

India's $20 billion refinery expansion to cut fuel oil output

Indian refiners' expansion plans coincide with changing shipping fuel norms from 2020 requiring the use of low-sulphur fuels

Indian festive glitter fails to rub off on Asian gold demand

Gold prices in India were at a premium of up to $3 an ounce over official domestic prices this week

Oil prices edge lower on doubts over production cut deal

Disagreements remain over which members should be exempt from a curb to reduce output to a range of 32.5-33 mn bpd

Is gold likely to be a good buy this Samvat?

Last Samvat was good for Indian gold buyers, with metal giving a 16.8% return

Gold prices slip 0.24% on global cues

The metal for delivery in February next year traded lower by Rs 57, or 0.17% to Rs 29,823 per 10 grams in 78 lots

Early trend shows about 50% rise in jewellery sales on Dhanteras

Gold prices have risen 16% over last Diwali, with imports estimated to have doubled over the past few monts

Cotton export turns viable

Traders expect Rs 700-1,000 a tonne of further fall in cotton price by mid-Nov

Gold up 16.8% this Samvat

Outlook rosy for medium to long term but import duty and GST could be dampeners

Global nickel market sees 66,000 tonne deficit in 2017

Global output of nickel is expected to rise to 2.05 million tonnes in 2017, up from 1.93 million in 2016

Centre might intervene on arecanut price

The current production cost ranges from Rs 250 to Rs 337 a kg

Centre starts procuring soybean at MSP

Gujarat govt also plans to do so for groundnut, cotton; prices slide with bumper harvest

Jewellery sales to witness 25% growth in Dhanteras says Experts

Market sentiment is looking up and the prices have more or less stabilised due to good monsoon this year, says GJF chairman

Global oil demand to rise 1.2 mn bpd in 2017 vs 1.8 mn bpd in 2016: IEA's Birol

IEA Executive Director Fatih Birol said he was expecting global oil markets to rebalance in the second half of next year

Gold edges up on steady demand; Fed rate hike speculation weighs

The Markit survey of US manufacturing climbed to a one-year top of 53.2

Oil prices dip on OPEC squabbles ahead of planned production cut

The dollar, which held near nine-month highs against a basket of major currencies, also weighed on prices

Better production to boost groundnut exports to 700,000 tonnes this year

In 2015-16, India had exported 537,888 tonnes of groundnut