Page 643 - Commodity News
Precious metals: Industrial demand revival to turn silver into gold
Gold/silver ratio at five-year high indicates the white metal will give better returns when prices rebound
 "Precious metals: Industrial demand revival to turn silver into gold")
 "Brent crude oil falls to 27-month low amid ample global supply")
Coffee exports dip 1.7% in 2013-14 crop year
Italy continues to be the largest market for Indian coffee, accounting for 25% of total exports
 "Coffee exports dip 1.7% in 2013-14 crop year")
Gold, silver recover on jewellers demand
Gold adds Rs 40 per 10 grams atRs 27,070, Silver up Rs 90 a kg
 "Gold, silver recover on jewellers demand")
Oil prices slip on increased supply, strong dollar
The dollar rallied in response to a strong US jobs report
 "Oil prices slip on increased supply, strong dollar")
Gold smuggling to rise by 50% this year
WGC forecast gold smuggling at over 200 tonnes this year as compared to 150-200 tonnes in the previous year
 "Gold smuggling to rise by 50% this year")
India needs more world-class gold refineries to attract FDI: Experts
According to industry experts, stress should be laid on the need to allow foreign direct investment in the jewellery sector
 "India needs more world-class gold refineries to attract FDI: Experts")
Exports of 8 in 13 key agri products enter negative zone
Tea, coffee, cereals, cashew and oil meals too recorded negative growth during the month
 "Exports of 8 in 13 key agri products enter negative zone")
Gold premium rises on festive demand
Increases to $20 per ounce on Saturday, from $5 a few weeks ago in Mumbai's Zaveri Bazaar
 "Gold premium rises on festive demand")
FTP may bring cheer to jewellery business
Better overall business sentiment might lead to relaxations on jewellery movement from SEZs
 "FTP may bring cheer to jewellery business")
Bullion trade body enters into retailing
Will sell gold and silver coins and bars between one gram and 1,000 grams; to source metals from overseas and local suppliers
Gold falls below cost of production
Slumps 1.5% Friday on positive US non-farm, unemployment data
 "Brent crude slips below $92 as oversupply and dollar weigh")
Sugar mills cut asking price for ethanol for OMCs
Sugar mills cut ethanol price demand from OMCs by 10-15%
 "Sugar mills cut asking price for ethanol for OMCs")
Oil prices rise ahead of US jobs report
Investors are keenly eyeing the release of the September US jobs report later today
More potato acreage needed to boost output: Experts
Experts suggest road maps to Odisha govt for attaining self-sufficiency in tuber production by 2017
 "More potato acreage needed to boost output: Experts")
Kashmiri saffron crop would arrive in market in coming weeks
Bulbs of the saffron plants have been damaged due to excess rain and flooding in the region
 "Kashmiri saffron crop would arrive in market in coming weeks")
Goa to allow mining in phased manner
Iron ore mined in Goa, 90 million tonnes a year before the Supreme Court ban, was largely exported to China
 "Goa to allow mining in phased manner")
Petrochemicals prices start correcting
Polyester yarn industry worst affected, bearish outlook for benzene
 "Petrochemicals prices start correcting")
Steel firms cautious on price cuts
But JSW Steel cuts prices by Rs 500-1,000 per tonne to compete with imports
 "Steel firms cautious on price cuts")