Page 349 - Commodity News
Tea prices rise at Kochi auction centre
Traders also attributed the rise to the recent flood in Assam, which impacted local production
 "Tea prices rise at Kochi auction centre")
Gold bowls, spoons, glasses imported at 1% duty
Gold utensils attract only 1% import duty, compared to 10-14% for gold and jewellery, converted to bars after import
 "Gold bowls, spoons, glasses imported at 1% duty")
Govt preparing comprehensive gold policy
To cover entire gamut of precious metals, diamonds; commerce ministry holds meeting with all stakeholders
 "Govt preparing comprehensive gold policy")
Gold extends losses, down Rs 60 on weak global cues
A fall in demand from jewellers at the domestic spot market mainly kept gold prices lower
 "Gold extends losses, down Rs 60 on weak global cues")
Gold heading for first monthly dip in three on rate hike worries
The metal fell 1 per cent to $1,308.65 on Tuesday, its lowest since June 28
Gold above two-month lows as dollar slips; US jobs data in focus
The dollar index, measured against a basket of currencies, fell 0.1 per cent to 95.957
 "Gold above two-month lows as dollar slips; US jobs data in focus")
Oil prices dip on stronger dollar; rise in US crude stocks data
US West Texas Intermediate crude futures were down 16 cents, or 0.4 per cent, at $46.19 a barrel
 "Oil prices dip on stronger dollar; rise in US crude stocks data")
Steel companies plan to increase prices
The price hike is expected to push the rate of hot-rolled steel to Rs 39,000 a tonne and that of cold-rolled to Rs 42,000
 "Steel companies plan to increase prices")
Corn prices in India firms up on supply crunch, rise in demand: USGC
Prices seem to move up as the supply crunch is being felt and demand atlas in some pockets is being seen, Amit Sachdev, USGC representative
 "Corn prices in India firms up on supply crunch, rise in demand: USGC")
Oil prices rise on US weather disruption, OPEC action speculation
Oil and gas operators in the US Gulf of Mexico have shut production equal to 168,334 barrels-per-day (bpd) of oil
 "Oil prices rise on US weather disruption, OPEC action speculation")
Bargain hunters keep gold steady, eye US jobs data
Spot gold was little changed at $1,323 per ounce and US gold futures were flat at $1,326.90
Gold edges lower as focus shifts to US payrolls data
Spot gold was down 0.3% at $1,319.47 an ounce, while US gold futures for December delivery were down $4.50 an ounce at $1,322.50
CAI projects 33.60 million bales cotton production for 2016-17
Area under cotton crop expected to be lower by 10% than last year
 "CAI projects 33.60 million bales cotton production for 2016-17")
Gold slips on firmer dollar
Gold is highly sensitive to the rising US interest rates
Food and beverage firms exposed to high sugar price risk
Report warns food and beverage companies exposed to high sugar price risk
 "Food and beverage firms exposed to high sugar price risk")
Castor seed sowing may fall 40% this year as farmers shift to other crops
Farmers opt for pulses and groundnut for better returns; castor has already been under pressure for three years
 "Castor seed sowing may fall 40% this year as farmers shift to other crops")
Copper rises 0.24 per cent in futures trade
At the Multi Commodity Exchange, copper for delivery in August month edged up by 75 paise to Rs 308.70 per kg
 "Copper rises 0.24 per cent in futures trade")
Silver down 0.8% on weak global cues
Metal for delivery in September contracts traded lower by Rs 359, or 0.82%
 "Silver down 0.8% on weak global cues")
Gold down 0.2% on global cues
Metal for delivery in December contracts declined by Rs 76 or 0.24%