Page 864 - Commodity News
Gold trading below Rs 30,000 on MCX
Federal Reserve is expected to cut down their bond buying programme and this is putting pressure on the price of gold
 "Gold trading below Rs 30,000 on MCX")
Oil prices mixed ahead of Fed announcement
Attention has turned to the outcome of the Fed's two-day meeting
 "Oil prices mixed ahead of Fed announcement")
With onion at Rs 70 a kg, export floor price may be raised to $1,000 a tonne
Only those above Rs 65 a kg in wholesale markets can be exported; meeting chaired by the Cabinet secretary to be held soon to further assess the situation
 "With onion at Rs 70 a kg, export floor price may be raised to $1,000 a tonne")
Import duty on gold jewellery increased to 15%
Move aimed at protecting the domestic industry
 "Import duty on gold jewellery increased to 15%")
Rubber output falls 15%
Heavy rains during this year's monsoon season are being blamed for the sharp fall in rubber production
 "Rubber output falls 15%")
Sugar mills seek govt intervention to tide over cash crunch
Low domestic, international sugar prices has led to a cash crunch in the industry
 "Sugar mills seek govt intervention to tide over cash crunch")
Amid polymer price surge, plastics industry asks FinMin for help
Liquidity crunch along with rising raw material cost is hurting over 50,000 plastic units most of which are SMEs
 "Amid polymer price surge, plastics industry asks FinMin for help")
 "Soybean supplies double in Madhya Pradesh")
Onion prices again touch Rs 70/kg on supply crunch
Prices will remain high as the crop from Maharashtra is about to exhaust, says official
 "Onion prices again touch Rs 70/kg on supply crunch")
RBI tightens norms for gold NBFCs
If gold is of purity less than 22 carats, NBFC should translate collateral into 22 carat
 "RBI tightens norms for gold NBFCs")
Onion prices won't come down any soon, say dealers
Dealers say as the arrival has been in great shortage, so the prices have been rising
Chana trade up by 0.1% on spot demand
Speculators indulged in creating positions on the back of a rise in demand
 "Chana trade up by 0.1% on spot demand")
Refined soya up 0.5% on spot demand
Oil for delivery in November traded higher by 0.46%
 "Refined soya up 0.5% on spot demand")
Barley prices improve by 1.1% on short covering
September month contract improved by 0.76%
 "Barley prices improve by 1.1% on short covering")
Sugar down 0.5% on higher output hopes
The commodity for delivery in October declined by 0.4%
 "Sugar down 0.5% on higher output hopes")
Jeera up 0.3%
The spice for delivery in Sept contract traded higher by 0.15%
 "Jeera up 0.3%")
RBI tightens norms for lending against gold jewellery
It has been decided that gold jewellery accepted as collateral will have to be valued at the average of the closing price of 22 carat gold for the preceding 30 days
 "RBI tightens norms for lending against gold jewellery")
Silver futures recover 0.4% on global cues
The white metal for delivery in far-month March traded up by 0.12%
 "Silver futures recover 0.4% on global cues")
Gold futures rebound on global cues, up 0.2%
The metal for delivery in October rose by 0.18%
 "Gold futures rebound on global cues, up 0.2%")
Mentha oil down by 0.6% on profit-booking
Adequate stocks position following increased arrivals from producing region put pressure on mentha oil
 "Mentha oil down by 0.6% on profit-booking")