Page 477 - Commodity News
Cardamom gains by 1.2% on firm demand
Speculators widened positions driven by firm demand in the spot market
 "Cardamom gains by 1.2% on firm demand")
Lead falls by 0.5% on global cues
Furthermore, sluggish demand from battery makers in the spot market weighed on prices
 "Lead falls by 0.5% on global cues")
Oil prices slip as China factory activity index tumbles
The fall signals weaker demand in the world's top energy consumer
 "Oil prices slip as China factory activity index tumbles")
Onion prices may fall 20% in two weeks
Karnataka crop arrives, harvesting in Gujarat to start next fortnight
 "Onion prices may fall 20% in two weeks")
Centre raises rabi grain output target due to monsoon revival
Target for 2015-16 set at 133 million tonnes, almost 6.62 million tonnes more than the actual production of 2014-15
 "Centre raises rabi grain output target due to monsoon revival")
Govt extends control order for pulses, edible oil
Control on edible oil and oil seeds to continue till September 2016; for the first time, those registered under warehousing regulator could come under stock limits
 "Govt extends control order for pulses, edible oil")
India vulnerable to dumping of steel items despite lower basic production cost
A World Steel Dynamics report says the sector is reeling from cheap imports and high inventory levels
 "India vulnerable to dumping of steel items despite lower basic production cost")
Lull in iron ore exports to prevail on weak prices, oversupply
Waking up to high freight costs, the govt on Sept 1 this year reduced the distance based charges on iron ore exports from the country
 "Lull in iron ore exports to prevail on weak prices, oversupply")
Cardamom rise by 0.2% on rising demand
Participants enlarged bets on the back of rising demand in the spot market
Silver falls by 0.4% hurt by global cues
In the international market, silver fell 0.03% to $15.21 an ounce in Singapore today
 "Silver falls by 0.4% hurt by global cues")
Copper falls by 0.5% on weak global cues
Moreover, subdued demand at domestic spot markets also put pressure on prices
 "Copper falls by 0.5% on weak global cues")
Zinc falls by 0.7% on weak overseas trend
Subdued spot demand also affected prices
 "Zinc falls by 0.7% on weak overseas trend")
Lead falls by 0.7% as demand stays soft
A weak trend in base metals overseas also affected prices
Oil price rally reverses as dollar ticks higher
A strong greenback makes dollar-priced oil more expensive for holders of weaker currencies, hurting demand and prices
Spice-based industry says India too costly
Oleoresin firms shifting to SE Asia, China, with others in this segment saying new taxes threaten viability
 "Spice-based industry says India too costly")
September rain brightens prospects of kharif output
The fresh spell of rain across Gujarat has helped crops like cotton, paddy etc
 "September rain brightens prospects of kharif output")
 "Working conditions in Assam tea gardens poor")
Fimi pitches for maximising iron ore output
As of now, overall consumption of iron ore in Odisha by steel firms, sponge iron and pellet makers is 25-30 mt a year, against the approved environment clearance limit to produce about 200 mt
 "Fimi pitches for maximising iron ore output")
Corn production to be lowest in 5 years
Production is expected to be around 20 million tonnes
Gold hovers near three-week high as equities slip
Gold held close to its highest level in nearly three weeks on Monday, boosted by safe-haven demand after the US Fed decision to leave interest rates unchanged weighed on equities
 "Gold hovers near three-week high as equities slip")