Page 351 - Commodity News
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")
Refined soya oil down 0.3% on muted demand
Oil for delivery in September contracts shed Rs 1.40, or 0.22%
 "Refined soya oil down 0.3% on muted demand")
Crude palm oil up 0.5% on pickup in demand
Oil for delivery in August contracts traded higher by Rs 1.50, or 0.26%
 "Crude palm oil up 0.5% on pickup in demand")
Sugar mills post stellar profit growth in April-June
Average realisation from sugar up 42%
 "Sugar mills post stellar profit growth in April-June")
Nashik farmer gets 5 paise per kg for onions!
Upset over the valuation, Darade returned home and threw 13 quintal of onion in his field
 "Nashik farmer gets 5 paise per kg for onions!")
Gold holds above four-week low, awaits clues on Fed rate hike
Spot gold was up 0.2 per cent at $1,325.50 an ounce
 "Gold holds above four-week low, awaits clues on Fed rate hike")
Oil prices extend losses as dealers eye output talks
Experts said that the market is jittery due to uncertainty over the outcome of next month's OPEC meet
 "Oil prices extend losses as dealers eye output talks")
Maharashtra sugar output may fall to 5-year low
The projection report in July 2016-17 shows the sugar production at 5.5 mt, compared with last season's 8.4 mt
 "Maharashtra sugar output may fall to 5-year low")
India to receive normal rains, not surplus
India Meteorological Department had forecast monsoon rains at 106% or above normal
 "India to receive normal rains, not surplus")
Pulses production may exceed 20 Mt in FY17
Better prices encourage farmers to divert to pulses which has increased sowing by 35.45%
 "Pulses production may exceed 20 Mt in FY17")
FCI restricts wheat sale to bulk buyers to 2,000 tonnes
Aim is to ensure against hoarding by bulk buyers, with apprehension of a repeat on what had happened with pulses last year
 "FCI restricts wheat sale to bulk buyers to 2,000 tonnes")
Gold steady as investors await US rate hike clues
Spot gold was nearly flat at $1,336.88 an ounce and US gold slipped 0.4 per cent to $1,340.70
 "Gold steady as investors await US rate hike clues")
Gold logs modest gains on jewellers' buying, overseas trend
Globally, gold rose 0.15 per cent to $1,338.90 an ounce, sovereign, remained unchanged at Rs 24,300 per piece
Gold sits tight as investors wait for US rate hike clues
US gold slipped 0.3 per cent to $1,342.60 an ounce
Oil prices fall on US crude stocks build; fears over China demand
Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry
 "Oil prices fall on US crude stocks build; fears over China demand")
Chicken, egg prices decline
Demand driven down by auspicious month of Shrawan, transport disruption in north India
 "Chicken, egg prices decline")
India's steel output rises 8.1% in July
Capacity utilisations remain stagnant at 68.3% on year-on-year basis, fall by 3.7 percentage points sequentially
 "India's steel output rises 8.1% in July")
Tea exports jump 14% in June quarter
Average realisation from tea exports has shot up by over 11% to Rs 203.65 a kg during the quarter
 "Tea exports jump 14% in June quarter")
Illicit gold: India's smugglers shut out refiners, banks
Smuggled gold could account for more than a third of demand this year in India
 "Illicit gold: India's smugglers shut out refiners, banks")
Oil prices fall as analysts say market still oversupplied
US West Texas Intermediate crude was down 40 cents, or 0.84 per cent, at $47.01 per barrel
 "Oil prices fall as analysts say market still oversupplied")