Page 454 - Commodity News
Diwali sees lacklustre gold sales
Bullion prices under pressure as buyers await further fall on expected US Fed rate increase next month
 "Diwali sees lacklustre gold sales")
 "Futures volume witnesses 20% fall amid festive season")
Lead down 1.71% in Muhurat trading on global cues
Metal sheds 3.2% to $1,582 a tonne, the lowest since June 2010, on the London Metal Exchange
 "Lead down 1.71% in Muhurat trading on global cues")
Nickel sheds 0.95% in Muhurat trading
Profit-booking by speculators, who opened new accounts on first session of Samvat 2072, mainly influenced nickel futures prices
 "Nickel sheds 0.95% in Muhurat trading")
Gold, silver shine in Diwali trade on jewellers buying
Token buying activity to mark beginning of Hindu Samvat Year 2072 supported upside
 "Gold, silver shine in Diwali trade on jewellers buying")
US crude prices drop on rising stockpiles
Fears that Japan's economy may have fallen into recession added to demand woes
 "US crude prices drop on rising stockpiles")
Sugar output in Maharashtra to decline 18% this year
May lower overall output in India to 26.5 million tonnes, down 6.4% from last year
 "Sugar output in Maharashtra to decline 18% this year")
Basmati rice exports to Iran via Dubai soar
Iran had stopped issuing fresh licences for import of basmati rice since October 2014, citing reasons such as high pesticide content and self-sufficiency in production
 "Basmati rice exports to Iran via Dubai soar")
Jute Commissioner to fix stock limit and cap B Twill jute bag prices
Raw jute rates have touched an unprecedented high of Rs 49,000 a tonne, 75% higher annually
Why bonds are better than physical gold
Annual interest, absence of making charges make bonds attractive
 "Why bonds are better than physical gold")
Oil prices edge up in Asia, eyes on US stockpiles report
The black gold retreated yesterday after a weekend report from China
 "Oil prices edge up in Asia, eyes on US stockpiles report")
Gold extends gains on Diwali eve; silver slides
Sustained buying by jewellers to meet festive season demand and a better trend overseas mainly kept gold prices higher
Debt-ridden pulse traders in Chhattisgarh face auction threat
In all, over 12,000 quintals of different varieties of pulses have been seized across the state
 "Debt-ridden pulse traders in Chhattisgarh face auction threat")
Indian basket of crude at more than six months low of $47.98 per barrel;
Price slump could reduce year's import bill by Rs 84,500 cr
 "Indian basket of crude at more than six months low of $47.98 per barrel;")
Sugar down 0.6% on supply pressure
Commodity for delivery in far-month March next year declined by Rs 15, or 0.5%
 "Sugar down 0.6% on supply pressure")
Chana up by 1.5% on spot demand
Restricted supplies from producing belts also affected prices
 "Chana up by 1.5% on spot demand")
Rising demand lifts mentha oil by 0.2%
Restricted supplies from producing regions also affected prices
 "Rising demand lifts mentha oil by 0.2%")
Turmeric falls by 1.2% on low demand
Speculators reduced exposure, tracking a weak trend at the spot markets due to muted demand
 "Turmeric falls by 1.2% on low demand")
Palm oil down 0.3% on muted demand
Oil for delivery in December shed 80 paise, or 0.20%
 "Palm oil down 0.3% on muted demand")
Refined soya down 0.2% on low demand
Oil for delivery in December shed 85 paise, or 0.14%
 "Refined soya down 0.2% on low demand")