Page 390 - Commodity News
Silver hits 10-month high on fears of lower output
Weaker dollar, bearish outlook on crude help precious metal surge 3% to cross $17 an oz in London
 "Silver hits 10-month high on fears of lower output")
Silver, gold outshine equities with better returns
Gold and silver have surged by 16.18 per cent and 15.61 per cent, respectively, in 2016
 "Silver, gold outshine equities with better returns")
South tea exporters to double volumes to Malaysia, Indonesia
Launching new brands and exotic blended products for those markets
 "South tea exporters to double volumes to Malaysia, Indonesia")
Poultry business becomes viable on rebound in prices
Chicken, egg prices rise 25-30 per cent in past two months; experts say upward move will continue
 "Poultry business becomes viable on rebound in prices")
Stock burden, unstable demand may result in cotton price downtrend
Season's total supply declined by 12% so far this year
 "Stock burden, unstable demand may result in cotton price downtrend")
Cane arrears down 60% on better prices
With better domestic sugar prices, cane arrears are likely to it come down even further going forward, says ISMA
 "Cane arrears down 60% on better prices")
China denies steel dumping charge
Chinese Ambassador Liu Xiaoming has said the British steel industry is paying the price for the country's shift to the services sector
 "China denies steel dumping charge")
Mandatory hallmarking of gold jewellery by Diwali
Govt also could bring import and export of jewellery under one organisation
 "Mandatory hallmarking of gold jewellery by Diwali")
Why no deal in Doha is bad news for equity markets
If oil prices start falling, equity markets will feel the pressure again as oil producing countries will again dip into their savings to fund their deficits
 "Why no deal in Doha is bad news for equity markets")
Sugar output falls 8% to 24.34 mn tonnes during Oct-Apr
Production in Maharashtra, the country's leading sugar producing state, fell to 8.36 MT of sugar till April 15 of this marketing year from 9.96 MT in the year-ago
 "Sugar output falls 8% to 24.34 mn tonnes during Oct-Apr")
Uptick in demand lifts sugar futures by 0.79%
Commodity for delivery in May traded higher by Rs 25, or 0.71%
Refined soya oil down 0.5%, hurt by low demand
Oil for delivery in far-month May eased by Rs 2.90, or 0.44%
 "Refined soya oil down 0.5%, hurt by low demand")
Lead down 0.35% on low domestic demand
Metal for delivery in May too shed 40 paise, or 0.35%, at Rs 114.45 per kg in eight lots
 "Lead down 0.35% on low domestic demand")
Chana up 4%; hit upper circuit on strong demand
Firm trend at spot market on upsurge in demand, restricted supplies pushed up chana prices
 "Chana up 4%; hit upper circuit on strong demand")
Copper down by 0.3% as global trend weakens
Speculators trimmed positions amid a weak trend in global markets
 "Copper down by 0.3% as global trend weakens")
Gold up by 0.4% on global cues
Speculators raised their bets, tracking a firming trend overseas
 "Gold up by 0.4% on global cues")
Mentha oil up by 0.5% on rising demand
Tight stocks position on restricted supplies from major producing regions also fulled the uptrend
 "Mentha oil up by 0.5% on rising demand")
Cardamom up by 2.9% on rising demand
Restricted supplies from producing regions also helped prices
 "Cardamom up by 2.9% on rising demand")
Silver down by 0.5% on global cues
Profit-booking by speculators at futures trade also affected prices
 "Silver down by 0.5% on global cues")