Page 474 - Commodity News
Chana sheds 1.16% on low demand
Traders offload positions as stocks pile up in physical market
 "Chana sheds 1.16% on low demand")
Sugar output might fall a bit in 2015-16
Isma estimates production to be 27 million tonne due to poor rains in Maharashtra and KarnatakaOutput may fall 5% due to poor rains
 "Sugar output might fall a bit in 2015-16")
Tata Steel bears brunt of UK industry decline
Over the years, the environment for making steel in the UK has become adversarial, not the least because the cost of energy there is considerably more
Labour shortage hits cardamom plantations
30% of the harvest has been lost due to insufficient labour supply
 "Labour shortage hits cardamom plantations")
Sugar exports to pick up after March: Platts' Kingsman
Founder says bad weather in Central America, EU will lead to rise in global prices
 "Sugar exports to pick up after March: Platts' Kingsman")
Imported pulses' 1st tranche reaches; onions expected this week
First tranche of onions imported from China and Egypt is expected to reach on October 3
 "Imported pulses' 1st tranche reaches; onions expected this week")
Gold falls as US rate outlook weighs, platinum at 6-1/2 year low
It posted its biggest weekly drop on fears that the Volkswagen emissions scandal could dent demand for diesel cars
 "Gold falls as US rate outlook weighs, platinum at 6-1/2 year low")
Rubber products' exports record 5% growth
The increase in exports was boosted by non-tyre rubber products manufactured largely by around 5,500 rubber MSMEs
 "Rubber products' exports record 5% growth")
Aluminium producers seek 15% import duty in FY17 Budget
Due to various reasons, the share of domestic producers in the market has dropped drastically to 45% in FY15 from 60% in FY11
 "Aluminium producers seek 15% import duty in FY17 Budget")
MMTC to produce, market sovereign gold coins
'We are also in talks with India Post and State Bank of India to market the coins'
 "MMTC to produce, market sovereign gold coins")
Gold tumbles Rs 260 on weak global cues, off 1-month high
Following gold, silver ready dropped by Rs 585 to Rs 35,915 per kg and weekly-based delivery by Rs 130 to Rs 36,090 per kg.
 "Gold tumbles Rs 260 on weak global cues, off 1-month high")
Vedanta seeks increase in iron ore production cap in Goa
Two of firm's 10 mines in the state are operational; Vedanta wants a share of other miners' quota
 "Vedanta seeks increase in iron ore production cap in Goa")
CDB launches Coconut milk
Launches three flavours, to add another two in the next phase
 "CDB launches Coconut milk")
Gold sparkles, hits near one-mth high on festive demand
Metal adds Rs 190 to finish at Rs 26,605 per 10 grams; Silver reclaims key Rs 36,000 mark on heavy speculative buying
 "Gold sparkles, hits near one-mth high on festive demand")
Oil prices pare gains on stronger $, weak Japan data
Oil prices rose by more than 25% in late August after a slowing rig count and a reduction in US crude stocks
 "Oil prices pare gains on stronger $, weak Japan data")
Gold up Rs 400, hits 1-mth high
Silver also retook the Rs 36,000-level by surging Rs 1,100 to Rs 36,500 a kg on increased offtake by industrial units and coin makers
 "Gold up Rs 400, hits 1-mth high")
IOC Chief: Disparity in global, domestic oil prices due to fixed costs
The crude oil a barrel in June 2014 was sold at $114, whereas it is now $50.
 "IOC Chief: Disparity in global, domestic oil prices due to fixed costs")
UCX promoters 'not fit and proper', says FMC
Says promoters/investors in violation of shareholder norms, orders them to divest stake
 "UCX promoters 'not fit and proper', says FMC")
Govt mulls higher price for ethanol
Sugar mills find alternatives uses pay more; suggest waiver of excise duty on molasses to raise their realisation, beside more sustainable policy