Page 653 - Commodity News
Sugar sector hits panic button as global prices fall
Demands creation of buffer stock, export incentives
 "Sugar sector hits panic button as global prices fall")
Jewellers mull relaunch of gold purchase schemes
The new Companies Act that came in to force qualified the money mobilised by jewellery companies as deposits and as a result they had to discontinue such schemes
 "Jewellers mull relaunch of gold purchase schemes")
Oil hits two-year low below $97 as supplies build
Brent crude trades at lowest since July 2012
 "Oil hits two-year low below $97 as supplies build")
Oil prices rise after Obama speech on Iraq strategy
Obama vowed to destroy the jihadist militants in crude producers like Syria and Iraq
Rubber prices at multi-year low
High inflow of imported rubber has led to domestic prices falling to a five-year low of Rs 124 per kg of benchmark variety
 "Rubber prices at multi-year low")
Review likelier now on EU ban of Alphonso import
A three-member EU delegation inspected various facilities in a week-long tour and expressed satisfaction over the improvement in export units
 "Review likelier now on EU ban of Alphonso import")
Bengal potato traders on strike
Overall potato prices are already high on account of a nearly 20% shortfall in production
 "Bengal potato traders on strike")
Global coffee prices set to soar as supply declines
Drought in Brazil at beginning of crop year will result in global supply deficit
 "Global coffee prices set to soar as supply declines")
First farmers' market out of APMC coming up in Delhi
Being set up by Small Farmers' Agri-Business Consortium; likely to start operations by Nov
 "First farmers' market out of APMC coming up in Delhi")
Rubber imports dips marginally to 42,499 tonnes in August
Enough stocks of rubber affected the rubber imports
 "Rubber imports dips marginally to 42,499 tonnes in August")
Guargum sheds 1.7% on profit booking
Traders offload on increased supplies, slack demand
 "Guargum sheds 1.7% on profit booking")
Sugar extends fall on low demand, ample supply
September, Pctober contracts lose 0.9% as speculators trim positions
 "Sugar extends fall on low demand, ample supply")
Refined soya oil down 0.8% on sluggish demand
Adequate stocks on increased supplies weighed on prices
 "Refined soya oil down 0.8% on sluggish demand")
Aluminium up 0.2% on global cues, spot demand
Metal for delivery in September traded marginally higher by 0.12%
 "Aluminium up 0.2% on global cues, spot demand")
Palm oil down 1% on low demand
Oil for delivery in September eased by 0.95%
Copper up 0.1% on global cues
Analysts attributed the rise in copper futures to a firm global trend and rising demand at domestic markets
 "Copper up 0.1% on global cues")
Lead up 0.3% on spot demand, global cues
Metal for delivery in current month contract was up by 0.23%
 "Lead up 0.3% on spot demand, global cues")
Mentha oil up 0.3% on spot demand
Oil for delivery in September edged up by 0.28%
 "Mentha oil up 0.3% on spot demand")
Cardamom down 0.5% on low demand
Spice for delivery in October shed 0.12%
 "Cardamom down 0.5% on low demand")
Nickel rise 0.2% as demand picks up
A firming trend in base metals at the London Metal Exchange also supported the upside
 "Nickel rise 0.2% as demand picks up")