Page 336 - Commodity News
Brexit impact: Falling Pound may hurt tea exporters next year
They fear that their importers may shift to cheaper Kenyan tea or insist on pound-denominated contracts instead of dollar contracts
 "Brexit impact: Falling Pound may hurt tea exporters next year")
India gold discounts drop to nine-month low on pick up in festive demand
Gold prices in India were about 29,700 rupees per 10 grams on Friday, after falling to 29,300 rupees on October 7
 "India gold discounts drop to nine-month low on pick up in festive demand")
Gold prices edge lower as equities, dollar gain
Spot gold was down 0.1 per cent at $1,256.50 an ounce and US gold futures were steady at $1,257.90 an ounce
 "Gold prices edge lower as equities, dollar gain")
Coffee output likely to fall 8%
More worrying factor continues drop in Arabica production, which has been fetching good premium for planters
 "Coffee output likely to fall 8%")
Falling onion prices cheer dehydration industry
Lower prices boost dehydrated onion exports from India by 50%
 "Falling onion prices cheer dehydration industry")
Sovereign gold coin spread to expand
MMTC to focus on increasing the distribution, tying up with more banks and the post office, among others
Fruit export doubles in April-August
Trade sources estimate a little over 40 per cent contribution of banana in the overall shipment of fresh fruit in these five months
 "Fruit export doubles in April-August")
Gold ETFs see Rs 539 cr outflows in April-Sep FY'17
Pace of outflow, however, slowed down in 2015-16 as against the preceding two years on account of sluggish equity market
 "Gold ETFs see Rs 539 cr outflows in April-Sep FY'17")
Gold climbs on weaker dollar, stumbling stocks
Spot gold was up 0.3% at $1,257.95 an ounce, while US gold futures advanced 0.5% to $1,259.80
Spot demand lifts mentha oil futures by 0.71%
Tight stocks position in the physical market due to restricted arrivals from producing belts also supported the upside
 "Spot demand lifts mentha oil futures by 0.71%")
Cardamom futures climb 3.28% on uptick in demand
At the MCX, cardamom for delivery in Nov rose by Rs 37.30 or 3.28% to Rs 1,174 per kg in a biz turnover of 323 lots
 "Cardamom futures climb 3.28% on uptick in demand")
Nickel futures down on global cues, muted spot demand
At the MCX, nickel for delivery this month shed Rs 9.50 or 1.34% to Rs 697.10 per kg in a biz turnover of 2,451 lots
 "Nickel futures down on global cues, muted spot demand")
Gems, jewellery exports up 11% to $14.43 billion in April-August FY'17
The rise in April-August period was mainly supported by exports of cut and polished diamond
 "Gems, jewellery exports up 11% to $14.43 billion in April-August FY'17")
Gold rises as dollar sags; Fed policy minutes in focus
US gold futures gained 0.3 per cent to $1,259 an ounce
Oil edges up before producer talks on output curbs
Brent crude was up 9 cents at $52.50 a barrel
 "Oil edges up before producer talks on output curbs")
Base metals likely to remain bullish
Non-ferrous metals jumped by up to 12.39% in the past one month, on hopes of a pick-up in global industrial activity
 "Base metals likely to remain bullish")
Will meet demand by increasing output: Rubber Board
It Will bring untapped areas under cultivation, promote block rubber cultivation and add 10,000 hectares of plantation a year
 "Will meet demand by increasing output: Rubber Board")
Sebi to come down hard on illiquid commodities
Sebi has been focusing on improving the risk management of commodity exchanges
 "Sebi to come down hard on illiquid commodities")
Gold imports decline by 59% during January-September: Report
Assocham report says gold imports declined due to a prolonged strike by jewellers and continuation of 10 per cent customs duty on imports
 "Gold imports decline by 59% during January-September: Report")
Oil off the boil, shares toil, sterling in trouble
Sterling was back under $1.23 and 90 pence per euro while the dollar muscled its way to an 11-week high
 "Oil off the boil, shares toil, sterling in trouble")