Page 334 - Commodity News
Better production to boost groundnut exports to 700,000 tonnes this year
In 2015-16, India had exported 537,888 tonnes of groundnut
 "Better production to boost groundnut exports to 700,000 tonnes this year")
Cotton output to rise 3.8%; BT cotton sowing falls
Better monsoon, absence of pest attacks to raise yield by 17.47%
 "Cotton output to rise 3.8%; BT cotton sowing falls")
Gold refineries resume operations as discount ends
It is in last two weeks that discount has disappeared and price started quoting at marginal premium to the cost of imports and prices have also moderated
 "Gold refineries resume operations as discount ends")
Gold pressured by US Fed rate hike prospects
US Q3 growth figures and US Fed policymakers speeches due this week will be closely watched by the market
 "Gold pressured by US Fed rate hike prospects")
Discount for sovereign gold bond hints at duty cut
Govt considering bringing down the 10% import duty on gold to 6%
 "Discount for sovereign gold bond hints at duty cut")
Outlook weak for cotton spinning industry
Historically, high cotton price has not benefited the spinning industry - it impacts demand, reduces competitiveness, and increases the risk of inventory loss
Chinese buying, India's festival season prop up gold demand in Asia
India's overseas purchases of gold likely hit a nine-month high in October
 "Chinese buying, India's festival season prop up gold demand in Asia")
Oil prices stable as strong dollar weighs, but market tightens
The dollar rose to its highest level since March against a basket of other leading currencies on Friday
 "Oil prices stable as strong dollar weighs, but market tightens")
Gold falls on dollar strength; set for first weekly gain in four
Spot gold was down 0.3 per cent at $1,262.24
 "Gold falls on dollar strength; set for first weekly gain in four")
6th gold bond tranche at discount, less interest
Since last November, five tranches have been issued and a total of a little over 10 tonne equivalent was issued
 "6th gold bond tranche at discount, less interest")
Bullion dealers, jewellers seek lowest GST slab
India imports almost all its gold requirement of 850 tonnes a year, which generates revenue of around Rs 25,000 crore at a basic customs duty of 10 per cent
Monsoon helps beat cotton harvest estimates
The last part of a series on kharif crop looks at cotton
 "Monsoon helps beat cotton harvest estimates")
Oil prices dip after strong rally, but sentiment remains confident
The OPEC plans to meet on November 30 and hopes to decide on a half a million to one million barrels per day oil production cut
 "Oil prices dip after strong rally, but sentiment remains confident")
Jewellery exporters seek duty exemption under GST
Fears India will lose leadership in diamond processing, shifting of manufacturing units to tax havens
 "Jewellery exporters seek duty exemption under GST")
Soya, groundnut crop may miss estimates
Third-part of a series on kharif crop looks at the oilseeds scenario
 "Soya, groundnut crop may miss estimates")
Maharashtra sugar mills to start crushing from Nov 5
The earlier date was December 1
Gold benefits from lower dollar on Fed rate hike uncertainty
Spot gold gained 0.6 per cent to $1,270.11 and US gold futures rose $9 to $1,271.80 an ounce
Gold steady as Fed rate hike concerns weigh on dollar
US gold futures was broadly unchanged at $1,262.8 an ounce
Oil rises on dollar and market balance expectations
Traders said a drop in the dollar away from seven-month highs the previous day supported crude
Gold industry sees prices rebounding to $1,347.40/oz over 12 months
Gold has shed 8 per cent from a two-year high in July amid expectations for a US interest rate hike by year-end