Page 403 - Commodity News

Oil prices rise as IEA says market could have bottomed

IEA said it believed non-OPEC output would fall by 750,000 barrels per day (bpd) in 2016

Jewellery demand to rise to 670-685 tonnes in FY17: India Ratings

It further expects an improvement in demand for coins and bars with demand to grow at 3-5% in 2016

CLSA not convinced by rally in oil and gold

GREED and fear report says oil surge due to Saudi Arabi and Russia suggesting oil output freeze

Gold ETFs see Rs 800 cr outflow in FY16

Demand for gold ETFs has been steadily falling in the past few years

Gold hits 13-month top on firm euro as ECB signals end to rate cuts

Spot gold rose $1,282.51 an ounce, its strongest since February 3, 2015

Oil jumps as yuan hits 2016 high; investors put fresh cash into oil

Analysts warned that any price rally was pre-mature as a global glut remained in place

Darjeeling tea to cost more abroad

Export prices expected to rise 10% from November with rollout of GI tag

Govt eyes Australia, Africa to boost textile exports

It is chasing a target of doubling exports in 10 years and is working on a new policy to promote value addition

Jewellers begin retrenching artisans

If the proposed 1% excise duty isn't rolled back, the jewellers threaten of retrenchment on mass scale

Neelachal Ispat plans to raise pig iron price

The firm, in which MMTC holds 49.9% stake, is the largest producer and exporter of saleable pig iron in the country

Reforms aim to unlock $40 billion worth oil and gas output

India has also decided to extend the exploration licences of 28 discovered oil and gas fields

Gold drops as ECB cuts rates, expands bond-buying

Euro-denominated gold rose 1.4% as the single currency slid a full cent against the US unit

Oil price could fall by $10 if output freeze fails: DNB Markets

North Sea crude currently trades at just over $40 per barrel, a rise of almost 50 percent from a 12-year-low seen in January

Bullion strike extends onto Day 9 as jewellers press demand

All-India Sarafa Association VP said govt should withdraw the proposal to levy 1% excise duty on jewellery items to 'save the trade'

Oil prices dip after rally but supply worries persist

EY oil and gas analyst Sanjeev Gupta said the market it looking forward to a March 20 meeting of major crude producers

Five tests for the commodities bounce

Kuwait bans Indian poultry items' import

Despite being a small market, the ban poses a threat of spillover into other larger Middle East markets such as Oman and Saudi Arabia

Government calls meet to review gold monetisation scheme

Scheme has received a lukewarm response since its launch in Nov last year

Garment makers seek excise duty rollback

In his latest Budget, the FM imposed 1% excise duty on readymade garments worth over Rs 1,000

Commodities looking for equilibrium

After a rally, producers' hedging and profit taking could lead to correction, say observers