Page 473 - Commodity News
Gold jumps 2% after US jobs data disappoints
US and European stock markets sank in response to the drastically poorer than expected US jobs numbers
 "Gold jumps 2% after US jobs data disappoints")
Oil turns negative after weak US jobs data
US employers slowed hiring over the last two months and wages fell in September
 "Oil turns negative after weak US jobs data")
India's sugar export boost plan looks flawed: Traders
According to them, govt has to provide subsidy to make exports viable
 "India's sugar export boost plan looks flawed: Traders")
Syrian crisis a boon for jeera exporters
Spices board however say if quality is not maintained, India will lost the edge
 "Syrian crisis a boon for jeera exporters")
Erratic monsoon to pull down overall tea output
After a gap of five years, exports are facing a setback
 "Erratic monsoon to pull down overall tea output")
 "Lack of demand hits Rajkot machine tools industry")
Chana up 2% on tight supply
Commodity for delivery in November traded higher by Rs 93, or 1.89%
 "Chana up 2% on tight supply")
Mentha oil up 0.2% on rising demand
Oil for delivery in November traded higher by Rs 1.70, or 0.19%
 "Mentha oil up 0.2% on rising demand")
Refined soya oil up 0.8% on rising demand
Oil for delivery in November gained Rs 4.10, or 0.69%
 "Refined soya oil up 0.8% on rising demand")
Cardamom up 0.4% on pick-up in demand
Spice for delivery in November traded higher by 50 paise, or 0.06%
 "Cardamom up 0.4% on pick-up in demand")
Worries continue for commodity traders
Glencore shares up, after a crash, on clarification by firm but many Swiss-based traders under stress
 "Worries continue for commodity traders")
New cotton arrivals might pull prices further down
Demand remains subdued; buyers waiting for prices to fall further to pick up quality stuff
 "New cotton arrivals might pull prices further down")
Palm oil price to rise on El Niño
India's veg oil imports to increase to 15mn tonnes next year on lower domestic production
 "Palm oil price to rise on El Niño")
ICEX to re-launch commodity futures trading in December
Awaits MMTC's approval for rights issue, to seek new investors as well, Anil Ambani draws up plan
 "ICEX to re-launch commodity futures trading in December")
No ban on export of basmati rice: Government
On the contrary, the govt is taking all steps to explore more markets to improve the realisation for basmati rice
 "No ban on export of basmati rice: Government")
Vegetable oil imports to rise to 15 mn tonnes next year
India has been the world's largest importer of vegetable oil for the last several years
 "Vegetable oil imports to rise to 15 mn tonnes next year")
Spices' export value rises 30 %
Volume wise the increase is marginal at 215,215 tonnes compared to 213,443 tonnes of the corresponding period last year
 "Spices' export value rises 30 %")
Silver futures shed Rs 228 per kg on global cues
Traders pare exposure, as possibility of a rate hike by US Fed maintains pressure on metal
 "Silver futures shed Rs 228 per kg on global cues")
Gold futures down by Rs 245 on weak global cues
Lacklustre deals in domestic spot market too weigh on prices
 "Gold futures down by Rs 245 on weak global cues")
Refined soya oil down 0.37% on low demand
Higher supplies from producing belts sustain downtrend
 "Refined soya oil down 0.37% on low demand")