Page 385 - Commodity News

One who laid new ground rules for jute and sugar

MCX explores legal options against Asia Index

A sectoral official says the issue might be resolved, as the indices are yet to commercially used

Gold hits 15-month high as dollar wilts

In Mumbai, standard gold on Monday closed at Rs 30,310 per 10g, against Friday's close of Rs 29,820 per 10g

Sugar season may end with surplus despite falling output: ISMA

Sugar body's projection should soothe sentiments, as concerns were raised earlier, over falling water levels following the drought

Oil prices retreat from 2016 highs on OPEC output boost

Crude production by the Organization of the Petroleum Exporting Countries rose in April to 32.64 million bpd

South India tea production hit due to heat wave, drought

The region accounts for 20% of India's total tea production of 1,200 million kg

Nickel up by 0.5% on spot demand

Speculators raised their bets amid a firming trend at the spot markets on domestic demand even as metal weakened overseas

Copper down by 0.4% on global cues

Weak cues from global market as China released figures showing the country's factory activity eased slightly in April, affected prices

Silver futures up by 0.1% on firm global cues

Participants indulged in enlarging positions amid a firm trend in precious metals overseas

Gold futures up by 0.1% on global cues

Speculators widened positions, tracking a firming trend overseas

Oil market deja vu leads to worries about a return to $30

TTD ready to keep 7.5 tonne gold under Gold Monetisation Scheme if interest paid in gold

TTD would get about 800 kgs to one tonne of gold every year on all of its gold stash

Guar gum output slumps with dip in crude oil exploration

Falling crude oil prices have hit the industry, as oil explorations have reduced globally

Traders increase bullish bets on gold, silver & oil

Bullish bets on these have increased on the MCX, where these are traded, with open interest rising fast.

Oil prices hit fresh 2016 highs on weak dollar, US output fall

One of the main repercussions of the global oil price rout between 2014 and early 2016 has been a deep economic crisis in crude export-reliant Venezuela, where political risk consultancy Eurasia Group

Guar gum production capacity sees a fall to 20%

Move has happened on the back of high inventory and low exports of the product

Mixed picture in steel output last year

Tough market conditions saw a drop in capacity utilisation for RINL, JSW Steel and JSPL in 2015-16

Smallest coffee crop in 19 years to fuel market rally

Output will decline at least 30 per cent in the harvesting season starting from October

Gold price, demand moved in opposite directions during March quarter

The price rose 16% from $1,060 an ounce at end-December to $1,272 an oz

India's gems and jewellery exports decline on a global economic slowdown

The fall in G&J shipment was largely driven by a sharp fall in exports of cut and polished diamonds