Page 401 - Commodity News

Gold prices fall decline by Rs 84 to Rs 29,325 per 10 gm in futures trade

Globally, gold fell 0.40% to $1,250.99 an ounce in Singapore

Crude oil falls for second day as US rig count rises

US crude shed 55 cents to $38.89 a barrel, while Brent was down 33 cents at $40.87

Sugar industry cuts year's output estimate

Production likely to fall by 9% from last year's 28.3 mn tonnes

Oil sets new 2016 highs on production freeze

Oil prices extend recovery

Global slowdown, market turmoil sent dollar plunging, making oil cheaper for holders of rival currencies

Cheap credit and rising incomes fire fuel demand in India

Hundreds of thousands of Indians are buying cars each month to free themselves from creaky, unreliable public transport

Oil hits 2016 high on output-freeze hopes, set for longest winning streak for a year

Oil prices surged more than 50% from 12-year lows since OPEC floated idea of a production freeze, boosting Brent from about $27 and US crude from around $26

Seasonal arrival of cotton declines 11% in FY16

This is because of lower production of the commodity and higher expectation of farmers

Arrival of cotton falls by 11% in the ongoing season

Arrivals fall to 24.50 million cotton bales against 27.62 million bales in the same period lat year

Recent rains likely to cut mango output by 10-15%

Inclement weather is reported to have damaged mango bulbs and flowers in Uttar Pradesh, West Bengal, Madhya Pradesh, Gujarat and Maharashtra

Fed's dovish stance supports metals and crude oil

Trend to continue in near term on dollar's weakness

On guard to save cotton crops

Agriculture departments of Punjab, Haryana ready to stop distribution of spurious cotton seeds, spray

Gold import bill to dip in FY16

Import bill for 2015-16 now estimated at $31.5 bn, almost 9% lower than 2014-15

Sebi allows commodity derivatives trading in bourses at IFSC

The move comes after amendment was made under the Securities Contracts Regulation Act to include commodity derivatives as securities

India sets new steel quality standards; auto-grade imports exempt for 6 months

Indian car makers import about 1 million tonnes of high-tensile steel annually, mainly from Japan and South Korea

Oil extends strong gains after supplier meeting agreed

Oil producers including Gulf OPEC members support holding talks next month on a deal to keep production at current levels

Jeera price may gain by 10% on quality issue, export demand

High demand from stockists has pushed up jeera prices by 10% so far this month

Odisha miners get notices for producing iron ore below environment clearance limits

With below par production impacting royalty collection, the respective deputy directors of mines have issued showcause notices to the miners in Joda and Koira

Govt promises no raids for excise on jewellers

Online payment of tax and disclosure of stocks would suffice, jewellers may call off strike after March 17 rally in Delhi

Oil prices ease over uncertain supply picture

Saudi Arabia and Russia, the world's two largest oil exporters, along with Qatar, Venezuela have proposed major producers freeze output at January levels