Page 344 - Commodity News
Announce higher MSP for pulses, speed up procurement: CEA panel
Panel was set up in the wake of a recent surge in retail prices of pulses
 "Announce higher MSP for pulses, speed up procurement: CEA panel")
Gold futures drop Rs 50, hurt by weak global trend
As investors awaited policy meetings from the US Fed and the BoJ next week while markets in top buyer China were shut for a holiday
 "Gold futures drop Rs 50, hurt by weak global trend")
Oil prices drop on returning Libya, Nigeria supplies
Libya is resuming oil exports from some of its main ports and ExxonMobil has a pipeline prepared to export Nigeria's Qua Iboe crude oil
 "Oil prices drop on returning Libya, Nigeria supplies")
Tea producers want Tea Board to push branding agenda
As they faced with lower price realisations from tea auctions & a nominal 3% increase in domestic tea consumption
 "Tea producers want Tea Board to push branding agenda")
Edible oil refineries plead for help
RBD import rises 74% in Nov'15-Aug'16; to set new record this year
 "Edible oil refineries plead for help")
Record pulses output may boost kharif harvest to all-time high
This year's harvest is expected on the back on a good southwest monsoon and higher price realisation by farmers
 "Record pulses output may boost kharif harvest to all-time high")
Sugar prices at three-year high on strong demand
Marketmen said widening of the gap between demand and supply too supported the upside in prices
 "Sugar prices at three-year high on strong demand")
Oil rises on draw in US crude stocks, but supply worries remain
Crude prices have fallen by around eight per cent in the last five trading sessions
Jeera prices may see new high on tight supply and rising exports
Already jeera prices are ruling at five-year high at this moment
 "Jeera prices may see new high on tight supply and rising exports")
Gold futures up Rs 54 as speculators widen position
The yellow metal for delivery in October gained Rs 50, or 0.16 per cent, to Rs 31,088 per 10 grams in 332 lots
 "India declared bird flu-free, could aid poultry exports")
Scrap jewellery sales dip 50-60% in a month
Jewellers expect better festive season ahead on stabilising prices
 "Scrap jewellery sales dip 50-60% in a month")
Is FCI-like body needed for pulses?
The fund allocated for pulses buffer is more than 40% of entire farm ministry's 2016-17 budget
 "Is FCI-like body needed for pulses?")
Castor seed growers move to pulses this year
This, on expectation of better returns
 "Castor seed growers move to pulses this year")
Gold ETFs outflow reaches Rs 462 crore in Apr-Aug of FY'17
Pace of outflow slowed down in 2015-16 as against the preceding two years on account of sluggish equity market
Copper up 0.2% on rising demand, global cues
Metal for delivery in November contracts traded higher by 60 paise or 0.19%
 "Copper up 0.2% on rising demand, global cues")
Lead down 0.2% on muted demand
Metal for delivery in October contracts traded lower by a similar margin to Rs 127.05 per kg in 3 lots
 "Lead down 0.2% on muted demand")
Wheat up 1.6% as demand picks up
Commodity for delivery in October contracts traded higher by Rs 13, or 0.75%
 "Wheat up 1.6% as demand picks up")
Gold steady as dollar weakens on low September rate hike prospects
US gold futures were nearly flat at $1,323.20 an ounce