Page 496 - Commodity News
Hallmarking centres question authenticity of World Gold Council data
Say over 55% jewellery hallmarked against 30% estimated by the Council
 "Hallmarking centres question authenticity of World Gold Council data")
Edible oil prices decline on oversupply, weak demand
12.5% drop in crude palm oil prices in Malaysia affects commodity price in India
 "Edible oil prices decline on oversupply, weak demand")
 "Oil poised for 6th weekly drop as signs of oversupply persist")
How battle for oil supremacy is helping India
The ways things are in the oil market, government will not have to worry about oil prices for some time now
 "How battle for oil supremacy is helping India")
Lead falls by 0.6% on weak spot demand
A weak global trend also affected prices
 "Lead falls by 0.6% on weak spot demand")
Nickel by 0.7% on profit booking
Speculators booked profits at prevailing levels amid decline in demand at the spot market
 "Nickel by 0.7% on profit booking")
Copper down by 0.3% on global cues
Subdued domestic demand also affected prices
 "Copper down by 0.3% on global cues")
Sugar falls by 0.3% on ample stocks
Speculators trimmed positions, triggered by higher supplies from mills at spot market
 "Sugar falls by 0.3% on ample stocks")
Oil prices set to continue multi-week decline
Concerns over a global oversupply of crude and mixed prospects for energy demand affected prices
 "Oil prices set to continue multi-week decline")
 "Gold prices dip below Rs 25,000")
Govt to soon notify special zone for diamond mining companies
Global miners may have to pay presumptive tax for rough diamond sales in India
 "Govt to soon notify special zone for diamond mining companies")
 "Oilmeal export down 86% in July")
Govt mulls surplus sugar export via barter trade
Will exchange against import of farm commodities to help mills offload surplus stock and clear cane arrears
 "Govt mulls surplus sugar export via barter trade")
Openings in China for high-quality food export
E-commerce there has grown to 10% of retail sales
 "Openings in China for high-quality food export")
Zinc up by 0.2% on overseas trend, spot demand
Fresh positions created by speculators on the back of improved demand supported the upside
 "Zinc up by 0.2% on overseas trend, spot demand")
Nickel up by 0.9% on firm domestic demand
Speculators enlarged bets tracking a firming trend overseas amid rising demand
Lead rises by 0.1% driven by spot demand
Furthermore, a firming trend in base metals overseas supported the upside in prices
Crude oil inches up by 0.1% in futures trade
The rise in crude oil futures is largely in tandem with a firming trend in Asia
Copper rises by 0.3% on solid global cues
Increased domestic demand also helped prices
 "Copper rises by 0.3% on solid global cues")
Sugar crisis: Centre considers export incentive, barter
About 4 mt of stock is considered surplus at current demand, prices; financial outgo for export inducement might be Rs 2,000 cr
 "Sugar crisis: Centre considers export incentive, barter")