With sugar prices falling in global markets, private and cooperative sugar factories said it will hit the Indian sugar sector. On the Intercontinental Exchange on Thursday, raw sugar prices dipped below 15 cents for one pound (0.45 kg), the weakest level since June 2010.
Jewellers, led by Titan Company, might relaunch gold purchase schemes soon. Titan, which had discontinued the Golden Harvest and Swarna Nidhi jewellery purchase schemes for its brand Tanishq in July, is planning to relaunch these. A company spokesperson said these would be in compliance with the provisions of the Companies Act, 2013.
The scam hit National Spot Exchange Ltd (NSEL) has refuted the “slow recovery” allegation of the Forward Markets Commission (FMC) and said that the commodity derivatives market regulator has all powers which it should utilise to take measures against the defaulting members to enhance recovery efforts.
Brent crude dropped to a two-year low below $ 97 a barrel on Thursday, falling for a sixth straight session as worries over mounting supply and weak demand outweighed concerns that conflicts in the Middle East could curb oil production.
Sugar industry has pressed a panic button in the wake of falling prices of raw and white sugar in the global markets. Raw Sugar prices have fallen below 15 cents per pound while white sugar at $ 396 per ton.
Oil prices rose in Asia today after US President Barack Obama vowed to destroy jihadist militants in crude producers Syria and Iraq, but analysts said weak global demand and a supply glut capped gains.
Coffee prices are set to rise further, as the crop year 2014-15 stares at a supply deficit in the global market. Prices, ruling at 190-200 cents per lb (pound), are poised to move up to 220-230 cents per lb by December.
Posted on Wednesday, September 10, 2014 - 21:39 pm
Coffee prices are set to rise further as global supply deficit in crop year 2014-15 is certain. Prices, ruling at 190-200 cents per lb (pound), are poised to move up to 220-230 cents per lb by December.
Posted on Wednesday, September 10, 2014 - 20:41 pm
The once popular Gold exchange traded funds (ETFs) are seem to be losing flavour among investors. The precious commodity’s poor performance in last three years has dried up investment into this product. Also, a 50% rally in the equities market and also adverse regulatory changes on gold import hasn’t helped matters for gold ETFs offered by mutual fund houses.