Page 348 - Commodity News
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
 "Onion output scales new record at 21 mt in 2015-16")
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 as weak US jobs data cuts rate hike views")
Gold steady in wake of disappointing jobs data
Discounts in India narrowed to the smallest in three months
 "Gold steady in wake of disappointing jobs data")
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")
Gold import up, discount down
Discounts fall to 3-month low levels due to pick-up in imports, demand
 "Gold import up, discount down")
Govt soon to make GM mustard stance public, develop more varieties
This is seen critical to Modi's goal of attaining self-sufficiency in edible oils as currently govt spends arounf $12 bn annually on vegetable oil imports
 "Govt soon to make GM mustard stance public, develop more varieties")
Gold tops Rs 31,000 on global cues; silver surges Rs 800/kg
Globally, gold rose by 0.7% to $1,326.70 an ounce and silver by 2.2% to $19.36 an ounce
 "Gold tops Rs 31,000 on global cues; silver surges Rs 800/kg")
Sugar prices drop Rs 30/quintal as govt imposes stock limit
Marketmen said increased supplies in the market from mills and slowdown in buying by bulk consumers,weighed on sweetener prices
 "Sugar prices drop Rs 30/quintal as govt imposes stock limit")
Festive-buying spurs Asian gold demand; Indian discounts narrow
The safe-haven bullion has shed about one per cent this week after hawkish comments from Federal Reserve Chair Janet Yellen
Gold slips on firm dollar ahead of US jobs data
Gold is highly sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion
Sugar up 2% as govt imposes stock limit
Commodity for delivery in October also slumped by Rs 55, or 1.58%
Oil heads for biggest weekly loss since mid-January
Manufacturing activities in parts of Asia, which accounts for most of the world's oil demand growth
 "Oil heads for biggest weekly loss since mid-January")
Gold steady as dollar softens ahead of US jobs data
Spot gold looks neutral in a range of $1,303-$1,318 per ounce, and an escape could suggest a direction
 "Gold steady as dollar softens ahead of US jobs data")
 "India, Russia discuss falling agri exports")
Woollen industry in distress
As demand for the yarn shrinks, raw material costs expand
 "Woollen industry in distress")
Long-term tea demand prospects favourable: Icra
The performance of the industry, in terms of exports, would be a crucial factor determining the overall supply-demand balance and price levels going forward, says Icra in its latest report
 "Long-term tea demand prospects favourable: Icra")
Gold holds above 2-month low as investors await US jobs data
US gold futures were up 0.1 per cent at $1,312.90
Tomato price crashes after June peak on bumper harvest
Distressed farmers urge govt to extend production incentives and promote exports in order to ramp up prices
 "Tomato price crashes after June peak on bumper harvest")