Page 350 - Commodity News
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
 "Gold slips on firmer dollar")
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%
 "Gold down 0.2% on global cues")
Cardamom down 0.7% on sluggish demand
Spice for delivery in October was down by Rs 3.40 or 0.28%
 "Cardamom down 0.7% on sluggish demand")
Gold slips on steady dollar with Fed rate hike in focus
US gold futures fell 0.35 per cent to $1,321.20
 "Gold slips on steady dollar with Fed rate hike in focus")
Gold slips on steady dollar with Fed rate hike in focus
Spot gold had dipped 0.25 per cent to $1,317.60 per ounce by 0344 GMT. The metal closed last week down 1.5 per cent
 "Go for more exports: Gadkari to onion traders")
Higher domestic prices dent cotton exports from India
Due to expectation of weak production during the year
 "Higher domestic prices dent cotton exports from India")
Gold rebounds on jewellers' buying, silver jumps Rs 280/kg
Traders said fresh buying by jewellers to meet festive season demand from retailers led to the recovery in the precious metal prices
 "Gold rebounds on jewellers' buying, silver jumps Rs 280/kg")
Govt to import addl 90,000 tonnes pulses
At present, prices of different dals are in a range of Rs 115-175 per kg due to shortfall, following two consecutive years of drought
 "Govt to import addl 90,000 tonnes pulses")
Gold edges off four-week low ahead of Janet Yellen's speech
Yellen is scheduled to address a meeting of central bankers in Jackson Hole, Wyoming
Price correction boosts gold demand; Indian discounts fall to 3-month low
Dealers in India were offering discounts of up to $25 an ounce over official domestic prices
RBI to review foreign commodity hedging framework
A working group of members from RBI, Sebi and a few external experts will do the review
 "RBI to review foreign commodity hedging framework")
Gold steady above 4-week lows as dollar slips ahead of Janet Yellen's speech
Yellen is scheduled to address a meeting of central bankers in Jackson Hole, Wyoming
Oil prices dip after Saudi Arabia dampens hopes on output talks
OPEC kingpin Saudi Arabia's energy minister Khalid Al-Falih revived worries about the success of the coming gathering in Algeria
 "Oil prices dip after Saudi Arabia dampens hopes on output talks")