Page 433 - Commodity News

Silver futures up by 0.2% on global cues

Market analysts said a firming trend in the global market, mainly supported the upside

Gold futures up 0.3% on firm global cues

Speculators enlarged their positions amid a firming trend overseas

Jewellery exports may decline to six-year low

Despite a pickup in consumer demand in developed countries, overall shipments likely to remain subdued

Record onion production likely

Convinced by govt's open market procurement last year, farmers bring 9-12% additional area under onion cultivation this year

Govt floats idea of setting up gold board

Decision may be announced in upcoming Budget; in discussions with stakeholders

Oil prices fall as weak China data, stronger dollar drag

Chinese stock market sell-off and strong dollar are pressuring oil, said an oil analyst

India produces 7.98 mn ton sugar, exports 0.3 mn ton till Dec

Prices remained below cost of production during October-November period of this season

Lead up by 0.4% on overseas trend

Increased demand from domestic battery-makers also influenced prices

Spot demand lifts mentha oil price by 0.2%

Restricted supplies from producing regions also affected prices

Oil prices rebound in Asia as Saudi-Iran row deepens

But a global crude supply glut and economic weakness in China are keeping any increases in check

Sugar looks up, but mills not out of the woods just yet

Prices up 20% in 3 months

Metals slump on China woes

Sugar crisis is no less deep in Brazil than in India

Mills export refined sugar due to lack of parity in raw sugar

Since cane prices were up despite sharp fall in sugar price in 2015, raw sugar shipments proved to be a loss making proposition

Copper falls by 1.5% on global cues

Low demand in the domestic market also affected prices

Silver futures up 0.3% on global cues

Participants raised their bets amid firming global trends

Gold up by 0.3% on global cues

Speculators created fresh positions taking positive cues from the global market

Crude oil up by 1.9% on overseas cues

Speculators widened their positions amid a firm trend in Asia

Oil prices rise after Saudi Arabia cuts ties with Iran

Diplomatic ties with Iran were cut following a row over Tehran's execution of a Shiite cleric

Big oil to cut investment again in 2016