Page 347 - Commodity News
 "Commex trades: Daily price limit raised for non-agri futures")
Gold price spikes to Rs 31,550, 30-mth high, on buying pick-up
Globally, gold rose 0.2% to $1,352.16 an ounce in Singapore today after surging 1.7% yesterday
 "Gold price spikes to Rs 31,550, 30-mth high, on buying pick-up")
Gold hits over two-week high as US data trims rate hike hopes
Spot gold was up 0.2 per cent at $1,351.51 per ounce and US gold futures rose 0.2 per cent to $1,351.68
 "Gold hits over two-week high as US data trims rate hike hopes")
Govt plans to purchase moong at MSP as price falls
A government statement said MSP used to be fixed for the pulses in the past but these were not purchased
Crude oil will remain below $50 in 2016: Abhishek Deshpande
Interview with Chief energy analyst, Natixis
 "Crude oil will remain below $50 in 2016: Abhishek Deshpande")
Govt plans to raise soymeal exports
Sends six-member delegation to importing countries
 "Govt plans to raise soymeal exports")
Iron ore prices moderate on supply glut
BHP Billiton forecasts prices would fall below last year's low of $38.3 a tonne on supply from Australia and Brazil
 "Iron ore prices moderate on supply glut")
Organised jewellery sector to grow by 10-12% in FY'17: Report
Higher number of wedding days, festival sales will drive volumes in remaining three quarters, a report released by India Ratings said
 "Organised jewellery sector to grow by 10-12% in FY'17: Report")
Gold steady as September rate hike views cool; stock rally caps gains
Spot gold was slightly up at $1,327.80 per ounce and US gold futures were up 0.4 per cent at $1,331.40
 "Gold steady as September rate hike views cool; stock rally caps gains")
Gold futures decline Rs 34 on profit-booking
Analysts attributed the fall in gold futures to profit-booking by traders at existing levels and weakness in the precious metals in global market
 "Gold futures decline Rs 34 on profit-booking")
Gold steady as September Fed rate hike views cool; equities rise
Spot gold was slightly up at $1,327.46 per ounce by 0409 GMT. The metal rose 0.1 per cent
 "Gold steady as September Fed rate hike views cool; equities rise")
Record onion output in 2015-16
Onion output had dropped to 18.92 mt in the 2014-15 crop year (July-June), due to poor rain
 "Record onion output in 2015-16")
Steel industry output expected to rise
Demand may pick up after monsoon; however, realisation might not change much as costs are rising
 "Steel industry output expected to rise")
Plan to cut export duty hits steel sector barrier
Firms say only value-added products must go abroad, not the raw material, especially with planned additions to capacity
 "Plan to cut export duty hits steel sector barrier")
Will aluminium get the shield?
In February, New Delhi had brought 173 steel products under MIP with prices ranging from $341 to $752 a tonne for a period of six months
 "Will aluminium get the shield?")
Onion output scales new record at 21 mt in 2015-16
Tomato production also rose 12 per cent to 18.4 mt in 2015-16 crop year as against 16.3 mt in the previous year
Gold steady as weak US jobs data cuts rate hike views
Spot gold was mostly unchanged at $1,324.16 per ounce and US gold futures were up slightly at $1,327.90
Gold steady in wake of disappointing jobs data
Discounts in India narrowed to the smallest in three months
Gold prices: Producers raised hedging in June quarter
Quarterly increase indicates that miners wary of price increase, trend reverses in September quarter so far
 "Gold prices: Producers raised hedging in June quarter")