Page 640 - Commodity News
Fall in crude prices could make synthetic rubber more attractive
Synthetic rubber has become more attractive to both the tyre and non-tyre sector manufacturers
 "Fall in crude prices could make synthetic rubber more attractive")
 "Punjab, Haryana procure 2 million tonnes of paddy")
Tea prices expected to rise again, by 10%
Lower production may lead to 10% rise in coming months
 "Tea prices expected to rise again, by 10%")
 "Fall in prices of coking coal, iron ore will aid Indian steelmakers")
 "Oil heads for 4-year low on Saudi output signal")
A'bad jewellers expect 15% sales growth over low gold, silver prices
Gold prices that were around Rs 32,500 per 10 grams during last Diwali were hovering around Rs 27,000 per 10 grams this year
 "A'bad jewellers expect 15% sales growth over low gold, silver prices")
India's FY15 cotton output seen at record high
But despite this season's higher output, exports in the new season are pegged lower at 9 mn bales
 "India's FY15 cotton output seen at record high")
 "Batala foundries, machine tool units in dire straits")
Basmati prices fall as Punjab opens up market to other states
The Basmati paddy price plunged to Rs 2,000 a quintal in the beginning of the kharif season this year, Rs 1,500-Rs 2,000 a quintal lower compared with the corresponding period last year
 "Basmati prices fall as Punjab opens up market to other states")
The rubber tree, here and abroad, finds fewer takers
With crude prices moving downward, industrial users are moving towards synthetic rubber
 "The rubber tree, here and abroad, finds fewer takers")
Natural rubber import to hit $1bn mark this year
Widening deficit remains a major worry, industry demand waste land to increase local production
Crude oil down 1.7% on weak Asian cues
Oil for November delivery moved down by 1.58%
 "Crude oil down 1.7% on weak Asian cues")
Chana down 0.4% on subdued demand
Commodity for delivery in October edged down by 0.39%
 "Chana down 0.4% on subdued demand")
Cardamom up 1% on rising demand
Spice for delivery in December traded higher by 0.84%
 "Cardamom up 1% on rising demand")
Gold up 0.8% on global cues
Metal for delivery in December moved up by 0.72%
 "Gold up 0.8% on global cues")
Nickel up 0.6% on global cues, spot demand
Metal for delivery in November rose by 0.53%
 "Nickel up 0.6% on global cues, spot demand")
Palm oil down 0.4% on global cues
Oil for delivery in October shed 0.29%
 "Palm oil down 0.4% on global cues")
Mentha oil up 1.4% on rising demand
Oil for delivery in November traded higher by 1.35%
 "Mentha oil up 1.4% on rising demand")
Oil prices down in Asian trade as weak demand weighs
Equities tumble on global growth woes and supplies increase
 "Oil prices down in Asian trade as weak demand weighs")
Base metals to trade lower on weak demand, supply surplus
IMF's cut on global economic forecast to weigh on metal prices