Page 380 - Commodity News
Health conscious Indians wake up to organic ghee
Niche category players witness huge growth in demand for ghee made from stress-free cows who feed on organic fodder
 "Health conscious Indians wake up to organic ghee")
 "Oil rises as Nigeria turmoil adds to global supply disruptions")
Sweeter days ahead for sugar companies
Many cut losses as price stabilises at higher levels
 "Sweeter days ahead for sugar companies")
Oil drops below $48 on Fed hike speculation, fading support from outages
A stronger dollar makes commodities denominated in the US currency more expensive for holders of other currencies and tends to weigh on oil prices
 "Oil drops below $48 on Fed hike speculation, fading support from outages")
Supply worries keep industrial metals under pressure
Chinese smelters restore earlier production cuts; demand continues to remain subdued
 "Supply worries keep industrial metals under pressure")
India's organic food market to treble in four years
Farmers face challenges to bring area under organic farming; organic food, however, may not be adequate to feed the growing population
 "India's organic food market to treble in four years")
India could lose at least $2 bn in apparel exports under TPP
India isn't a part of TPP, so it could lose out on yarn exports to Vietnam and garments to US, which would now shift to other TPP members
 "India could lose at least $2 bn in apparel exports under TPP")
Govt reviews interest rates on sovereign gold bonds
Next tranche could be sold through exchanges
 "Govt reviews interest rates on sovereign gold bonds")
Gold extends losses; silver dips below Rs 41,000-mark
Weak sentiment in tandem with global trend where gold snapped three days of gains on talks of an interest rate hike
Oil prices remain near 2016 highs on global supply disruptions
Output cuts, supply disruptions push up prices as Brent trades 3 cents higher at $49.31, while US WTI is seen at $48.31
 "Oil prices remain near 2016 highs on global supply disruptions")
Indian firms may help Iran modernise its tea industry
This development may open a lucrative opportunity for the large Indian tea producers
 "Indian firms may help Iran modernise its tea industry")
India coffee output to fall to lowest in two decades
With a 25% reduction in Karnataka, production could drop to 263,000 tonnes in the 2016/17 crop year, the lowest since 1998/99
 "India coffee output to fall to lowest in two decades")
BSE to list sovereign gold bonds this month
Trading to start next month; investors can buy bonds from brokers when the issue is announced like an IPO
 "BSE to list sovereign gold bonds this month")
IOC increases diesel prices by 2.5% from Tuesday
Shares of Indian Oil Corporation closed at Rs. 407.45, down Rs 1.95, or 0.48%
 "IOC increases diesel prices by 2.5% from Tuesday")
Rising oil prices: Government's worst nightmare coming true
One of the few things that were in favour of Indian economy was lower oil prices, which emboldened the government to increase spending
 "Rising oil prices: Government's worst nightmare coming true")
Gold slips below Rs 30,000 on weak global cues, muted demand
On the other hand, silver ready declined by Rs 160 to Rs 41,100 and weekly-based delivery by Rs 285 to Rs 41,090 per kg
 "Gold slips below Rs 30,000 on weak global cues, muted demand")
Trade in gold bonds from month end
Listing of bonds will give them much required liquidity
Cardamom falls by 0.5% on sluggish demand
Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend
 "Cardamom falls by 0.5% on sluggish demand")
Crude oil futures surge 1.13% on upbeat Asian cues
Oil prices pushed towards $50 a barrel in Asian markets on Tuesday
 "Crude oil futures surge 1.13% on upbeat Asian cues")
Gold up by 0.3% on global cues
Speculators raised their bets amid positive cues from global markets