Page 337 - Commodity News

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

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 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

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

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

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

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

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

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

Sebi to come down hard on illiquid commodities

Sebi has been focusing on improving the risk management of commodity exchanges

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

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 glut to last until mid-2017 unless OPEC cuts output: IEA

IEA said the oil price has risen by 15% since the announcement of OPEC's agreement to cut output on Sept 28

IEA says oil market may rebalance faster if OPEC sticks to target

World oil demand to grow at a rate of 1.2 million bpd next year, IEA said

Sebi axe likely to fall on illiquid commodities

Illiquid commodities are a subject of concern for the market regulator, which thinks they can be potentially misused for speculation

BP boss Robert Dudley sees oil prices at $55-$70 for rest of decade

Dudley was speaking at the World Energy Congress in Istanbul

Oil prices dip but stay near 1-year highs on expected output cut

Goldman Sachs said that despite a production cut becoming a 'greater possibility', markets were unlikely to rebalance in 2017

Volatile coking coal prices to keep steel firms' margins down

Coking coal is an important raw material used in steel production