Page 615 - Commodity News
Metals fall on Opec's no-cut decision
Copper hits 8-month low on LME, bullion sheds 1%
 "Metals fall on Opec's no-cut decision")
OPEC just gave the world its biggest QE
Falling crude prices is beneficial for most of the economies around the world apart from the ones that are producing them
 "OPEC just gave the world its biggest QE")
Global rubber price below Rs 100 after a gap of 6 years
Bangkok market suddenly plunged by Rs 2 per Kg on Friday when OPEC nations decided to maintain the output at 30 million barrels per day
 "Global rubber price below Rs 100 after a gap of 6 years")
As the shale dream fades, guar growers chase new markets
Food industry the best bet for Indian guar farmers
 "As the shale dream fades, guar growers chase new markets")
Cardamom up by 1.2% on firm demand
Speculators indulged in creating fresh positions driven by firm demand in the spot market
 "Cardamom up by 1.2% on firm demand")
Mentha oil falls 0.3% on profit-booking
Speculators locked in gains at prevailing levels amid slackened spot demand
 "Mentha oil falls 0.3% on profit-booking")
Lead down by 0.2% on global cues
Speculators reduced their exposures amid a weak trend overseas and subdued demand at spot markets
 "Lead down by 0.2% on global cues")
Copper softens on weak global cues
Speculators trimmed positions on a weak global trend
Silver futures down 0.9% on weak global cues
Speculators engaged in reducing their positions largely in tune with a weakening trend overseas
 "Silver futures down 0.9% on weak global cues")
Gold futures fall 0.5% on global cues
Speculators offloaded their positions amid weak cues from global markets
 "Gold futures fall 0.5% on global cues")
Oil struggles in Asia after OPEC maintains output
OPEC's decision to keep output is the main reason for prices to drop quite rapidly
 "Oil struggles in Asia after OPEC maintains output")
Karnataka sugar mills unlikely to meet Nov 30 deadline on payment of arrears
A majority of the mills, say their owners, are deep in debt and, hence, are unable to borrow any fresh money from banks or financial institutions
 "Karnataka sugar mills unlikely to meet Nov 30 deadline on payment of arrears")
India's groundnut oil output may drop by 41 per cent
Poor crop output results in oil production dip
 "India's groundnut oil output may drop by 41 per cent")
Oil falls $3 to 4-yr low as OPEC leaves output unchanged
Oil prices have fallen by more than a third since June as increasing production in North America from shale oil has overwhelmed demand
 "Oil falls $3 to 4-yr low as OPEC leaves output unchanged")
Oil falls $2 to four-year low on OPEC output cut doubts
Some fund managers have said oil prices could slide to $60 per barrel if OPEC does not agree to a significant output cut
 "Oil falls $2 to four-year low on OPEC output cut doubts")
Lead falls by 0.3% on low demand
Speculators trimmed positions on lower demand from battery-makers in spot markets
Cardamom rises by 0.7% as demand picks up
Besides, tight stocks position in the physical market due to restricted arrivals from producing regions supported the upside
Chana gains by 0.2% on pick up in demand
Traders created fresh positions after demand picked up in the spot market, driven by ongoing wedding season
 "Chana gains by 0.2% on pick up in demand")
Mentha oil remain weak on higher supply
Participants trimmed positions amid higher supplies from producing regions
Crude palm oil extend losses, down 1%
Further, higher supplies from producing belts also put pressure on crude palm oil prices
 "Crude palm oil extend losses, down 1%")