Page 619 - Commodity News
Sugar sheds 0.47% on higher supply
Speculators trim positions on low offtake from bulk consumers
 "Sugar sheds 0.47% on higher supply")
DGFT initiates probe into FTA violations in pepper trade
The Director General of Foreign Trade is looking into allegations that trade agreements with Sri Lanka and Nepal are being misused to dump cheap pepper in the Indian market
 "DGFT initiates probe into FTA violations in pepper trade")
Cardamom extends losses on low demand
Traders offload positions as spice sheds up to 0.3% in futures market
 "Cardamom extends losses on low demand")
Crude oil down by 0.4% on mixed Asian cues
Speculators reduced exposures amid mixed trend in Asian trade
 "Crude oil down by 0.4% on mixed Asian cues")
Crude palm oil rises by 0.2% on pick-up in demand
Expectations of lower output at major producing belts also supported the upside
 "Crude palm oil rises by 0.2% on pick-up in demand")
With gold prices falling, jewellers increase inventory levels
Around 50-60 tonne has been added to stocks in the last few months
 "With gold prices falling, jewellers increase inventory levels")
Mentha oil up by 0.3% on rising demand
Speculators enlarged positions, tracking a firm trend at spot market
 "Mentha oil up by 0.3% on rising demand")
Silver futures down 0.2% on global cues
Speculators trimmed positions amid a weak global trend
 "Silver futures down 0.2% on global cues")
Copper up by 0.5% on global cues
Pick-up in demand at domestic spot markets also helped prices
 "Copper up by 0.5% on global cues")
US FDA warns Indian agri-exporters
Wants exporters to register by Dec 31, failing which it will hold consignments
 "US FDA warns Indian agri-exporters")
Oil prices mixed as hopes dim for OPEC output cut
Saudi Arabia likely to resist pressure from OPEC to cut output
 "Oil prices mixed as hopes dim for OPEC output cut")
More curbs on gold imports likely in two days
India is the largest importer of gold after China
 "More curbs on gold imports likely in two days")
Govts try to stem falling cotton prices
Cotton-2 contracts, a benchmark for global prices, have fallen almost 30% after peaking on May 5 this year
 "Govts try to stem falling cotton prices")
Sugar stocks rise on hope of better performance
Though UP firms get some relief on subsidy and cane prices, the regulated levels are still higher than sugar realisations and ethanol blending implementation is yet to be seen
 "Sugar stocks rise on hope of better performance")
Gold hits $1200/ oz after three weeks of downturn
Metal up 1% or $13 from previous close on brisk buying after Abe dissolved Japanese parliament
 "Gold hits $1200/ oz after three weeks of downturn")
UP sugar mills to raise SAP issue with govt
Uttar Pradesh accounts for about 20% of country's sugar production of about 25 mn tonnes
 "UP sugar mills to raise SAP issue with govt")
Sugar output up 21% in season's first fortnight
Most of the sugar mills that have started crushing are in Maharashtra followed by Karnataka and Gujarat
Tobacco rates likely to be raised
ITC and other tobacco-buying companies may raise the price of tobacco bought from tobacco growers
Govt to take steps to curb gold imports soon
Gold imports surged nearly fourfold in October to $4.18 billion from a year ago
 "Govt to take steps to curb gold imports soon")
Gold recovers on wedding season demand; global cues
Metal gains Rs 40 in national capital, Silver sheds Rs 685 to Rs 35,815
 "Gold recovers on wedding season demand; global cues")