Page 453 - Commodity News
 "Cotton procurement at 2-2.5 million bales")
Oil set for sharp weekly loss as glut weighs
The International Energy Agency said there was a record 3 billion barrels in tanks worldwide
 "Oil set for sharp weekly loss as glut weighs")
Duty relief pushes unrefined gold imports
Multiple exemptions in tax haven zones make import of raw gold more attractive for refiners
 "Duty relief pushes unrefined gold imports")
Cardamom production picks up
Local prices likely to remain steady in the short run
 "Cardamom production picks up")
Gold dips below Rs 26,000; hits over 3 month low on global cues
Silver also slumped by Rs 500 to Rs 34,400 per kg on reduced offtake by industrial users and coin makers
 "Gold dips below Rs 26,000; hits over 3 month low on global cues")
Lead down 0.4% on weak global cues, low domestic demand
Metal for delivery in December fell by 10 paise, or 0.09% to trade at Rs 107.60 per kg
 "Lead down 0.4% on weak global cues, low domestic demand")
Zinc down 0.5% by muted demand; global cues
Metal for delivery in December traded lower by 50 paise, or 0.47%
 "Zinc down 0.5% by muted demand; global cues")
Cardamom futures succumb to profit-booking, down 3.11%
Spice for delivery in November traded lower by Rs 15.40, or 2.42%
 "Cardamom futures succumb to profit-booking, down 3.11%")
Lack of buying drags down chilli futures 3.3%
Analysts said offloading of positions by speculators due to fall in demand in the spot markets pulled down chilli teja prices
 "Lack of buying drags down chilli futures 3.3%")
Mentha futures succumb to profit-booking, down 0.8%
Oil for delivery in November traded lower by Rs 5.50, or 0.61%
 "Mentha futures succumb to profit-booking, down 0.8%")
Palm oil down 1% on subdued demand
Oil for delivery in November traded lower by Rs 4.50, or 1.13%
 "Palm oil down 1% on subdued demand")
Nickel recovers by 0.8% as demand picks up
Speculators created fresh positions, helping prices
 "Nickel recovers by 0.8% as demand picks up")
Copper falls by 0.4% as global trend weakens
Speculators trimmed positions amid a weak trend in global markets
 "Copper falls by 0.4% as global trend weakens")
Crude oil falls by 0.5%, hurt by weak global cues
Analysts said the fall in crude oil futures is mostly in tune with a weak trend in Asian trade
 "Crude oil falls by 0.5%, hurt by weak global cues")
Oil prices remain under pressure in Asia
A huge jump in US crude inventories reinforced projections that a supply glut will persist well into next year
Oil slumps 4%, nears new 6-year low as glut persists
Traders were unnerved by a persistent rise in US stockpiles and a downbeat forecast for next year
 "Oil slumps 4%, nears new 6-year low as glut persists")
Sweeter Samvat ahead for sugar firms
Price of sugar is still 8% less than a year before
 "Sweeter Samvat ahead for sugar firms")
Gold demand up 13% in July-September
Price fall coupled with strong festive demand kept buying sentiment up
 "Gold demand up 13% in July-September")
Gap widens between rubber output and consumption
Total annual production is likely to be below 600,000 tonnes in 2015-16
 "Gap widens between rubber output and consumption")
Global gold demand hits more than two-year high in Q3: World Gold Council
July's price drop boosted buying of jewellery, coins and bars
 "Global gold demand hits more than two-year high in Q3: World Gold Council")