Page 631 - Commodity News
India's silver jewellery exports gain momentum
India's silver jewellery exports achieved about 73% of the last year's figure in the first six months this year
 "India's silver jewellery exports gain momentum")
FTIL may move CLB against govt's board rejig proposal
Shareholders to oppose move to change management, say govt doing what Putin regime did to Yukos oil company
 "FTIL may move CLB against govt's board rejig proposal")
Cotton exports may fall by 40%
Total export for 2014-15 is estimated at 9 million bales which is significantly lower than last year
 "Cotton exports may fall by 40%")
Govt withdraws exemptions to spot exchanges for one-day forward contract
Exemptions granted with caution of withdrawal in case of indulging in short shelling and any other wrong doings
Oil rises to $87 ahead of Fed statement
The Fed is widely expected to end its two-year-old bond-buying stimulus programme
 "Oil rises to $87 ahead of Fed statement")
Sugar output may rise by 4% to 25.5 MT this year
Sugar production of Maharashtra is estimated at 9.1 MT, while that of UP is seen at 6.2 MT and Karnataka 4.25 MT
 "Sugar output may rise by 4% to 25.5 MT this year")
Refined soya oil up 0.4% on spot demand
Oil for delivery in November moved up by 0.3%
 "Refined soya oil up 0.4% on spot demand")
Cardamom down 0.9% on sluggish demand
Spice for delivery in December traded lower by 0.39%
 "Cardamom down 0.9% on sluggish demand")
Mentha oil up 0.2% on rising demand
Oil for delivery in November edged up by 0.12%
 "Mentha oil up 0.2% on rising demand")
Zinc down 0.3% on subdued demand, weak global cues
Metal prices for delivery in November traded lower by 0.25%
 "Zinc down 0.3% on subdued demand, weak global cues")
Crude oil up 0.8% on overseas cues
Oil for delivery in December also climbed by 0.76%
 "Crude oil up 0.8% on overseas cues")
Chana gains 0.5% on lower output estimates
Commodity for delivery in December gained 0.36%
 "Chana gains 0.5% on lower output estimates")
Gold futures surge 0.2% on global cues
Participants created fresh positions taking cues from overseas markets
 "Gold futures surge 0.2% on global cues")
Lead sheds by 0.2% on sluggish demand
A weak trend in base metals also affected prices
 "Lead sheds by 0.2% on sluggish demand")
Copper down by 0.2% on weak global cues
Speculators reduced positions amid a weak global trend and subdued domestic demand
 "Copper down by 0.2% on weak global cues")
Nickel up by 0.8% on global cues
Further, rising demand from alloy-makers in domestic spot markets also influenced metal prices
 "Nickel up by 0.8% on global cues")
Oil prices up ahead of Fed outcome, supply report
The US central bank is expected to announce an end to its vast asset-buying programme
 "Oil prices up ahead of Fed outcome, supply report")
 "Rice exports may fall 30% as harvest set to fall")
Delayed cane crushing might mean 15% less output
There is also damage caused by the recent Hudhud cyclone
 "Delayed cane crushing might mean 15% less output")
Coal imports likely to rise by 20% in FY16
Far less so in money terms, as prices have been falling for quite a while and should keep doing so; delay in auction of operational blocks could mean 30 mt more import
 "Coal imports likely to rise by 20% in FY16")