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Gold eases, but buyers eye more falls (06 October 03:24) |
| In the local market, demand was still thin as buyers stayed away on hopes for further fall, they added |
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Update: Oil price falls briefly below $90/barrel (06 October 01:52) |
| In late afternoon New York’s main contract, light sweet crude for November delivery, hit a low of $89.96 before rebounding to trade $3.43 lower at $90.45 |
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Oil falls 2% to $92, demand loss feared (06 October 08:41) |
| US light crude for November delivery fell $1.97 a barrel or 2.03% to $91.91 a barrel, having slipped just 9 cents on Friday |
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Natural rubber production surges 21% in Sept (05 October 03:27) |
| Natural rubber output reached 79,000 tonnes in September against 65,275 tonnes in the same month last year, according to a senior Rubber Board official |
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Coffee exports rise, but costs could offset gains (03 October 11:28) |
| Price rise beneficial for industry, but concern over inflation, rising cost of fertilizers and higher freight rates |
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Oil down for third day on financial turmoil (03 October 08:39) |
| US light crude for November delivery fell 51 cents to $93.46 a barrel, having slid by a hefty $4.56 on Thursday on demand worries and a stronger dollar |
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A recession may take oil to $50 (03 October 12:10) |
| Crude oil future prices have fallen almost a third in New York since reaching a record $147.27 a barrel on 11 July |
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Oil prices higher after US Senate vote (02 October 08:56) |
| New York’s main contract, light sweet crude for November delivery, was $1.05 higher at $99.58 a barrel from 98.53 at the close of floor trading Wednesday on New York Mercantile Exchange |
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Slowdown may hurt rubber demand (02 October 12:09) |
| Domestic prices for rubber have already declined to below international levels and the global financial turmoil could dent rates further |
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Gold up tracking overseas bargain-hunting (01 October 12:36) |
| Foreign gold, that guides the local market, gained on a weakening US dollar that raised the metal’s appeal as an alternate asset |
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Oil rises to $102 on US bailout optimism (01 October 08:38) |
| US crude traded up $6 to $102.37 in post-settlement trade, after earlier settling up $4.27 at $100.64 a barrel |
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Current account deficit $10.72 bn in April-June (01 October 12:05) |
| It is now 3.6% of gross domestic product, compared with 2.4%in the corresponding quarter of 2007-08 |
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Gold climbs by Rs330 per ten grams (30 September 04:10) |
| Silver also advanced further in line with a firm trend in the yellow metal as well as on mild industrial demand |
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Guidelines on conflict of interest in comexes by Oct-end (30 September 01:45) |
| The regulator was well aware of the danger of conflict of interest |
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Oil steady above $96 after diving on financial crisis (30 September 08:33) |
| US light crude for November delivery fell 11 cents to $96.26 a barrel, after dropping $10.52 on Thursday to $96.37 - the second biggest fall since April 23, 2003 |
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Oil output from Mangala to rise 25% to 125,000 bpd: Cairn (29 September 04:39) |
| Mangala is the biggest oilfield in the Rajasthan block which Cairn wants to put into production by the second half of 2009 |
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Ambani meets Oil Secretary, discusses KG basin (29 September 01:54) |
| The 580,000 barrels per day refinery being set up by Reliance Petroleum, a unit of RIL, will commence operations before the year end |
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Oil falls below $106 on stronger dollar (29 September 10:23) |
| US light crude for November delivery fell $1.09 to $105.85 a barrel, adding to Friday’s losses of $1.13 |
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Oil dips below $106 on stronger dollar (29 September 08:44) |
| US light crude for November delivery fell $1.09 to $105.85 a barrel, adding to Friday’s losses of $1.13 |
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Fishermen resent govt move on foreign vessels (28 September 10:27) |
| They are against foreign vessels fishing for tuna in Indian waters and the mid-sea transfer of catch |
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Onion dips Rs200 per quintal (26 September 04:41) |
| But prices could rise significantly in November-December owing to short supply, experts say |
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Gold inches up on firming global cues (26 September 04:33) |
| Fall in dollar abroad, festive season push December contract up 0.86% to Rs13,123on MCX. October gold gains 0.81% |
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Update: Oil falls to $105 amid US bailout chaos (26 September 04:28) |
| US crude fell $2.89 to $105.13 a barrel, while London Brent crude traded down $2.60 to $102.00 |
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Oil falls below $107 on doubts over US rescue plan (26 September 09:06) |
| NYMEX crude for November delivery fell $1.32, or 1.2%, to $106.70 a barrel, after rising $2.29 to settle at $108.02 on Thursday |
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RCF mulls chemical commodity exchange (26 September 01:04) |
| Investment in the project, for which the company is preparing a master plan, is estimated to be more than Rs2,000 crore |
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Scope for oil prices to fall further this year (26 September 12:57) |
| Paul Horsnell, managing director and head of commodities research at Barclays Capital, talks about where oil prices are heading |
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Update: Oil falls to $104 on bailout concerns (25 September 04:26) |
| US crude traded down $1.09 to $104.64 a barrel adding to losses of 88 cents on Wednesday. London Brent crude fell $1.12 to $101.33 |
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India bans milk products from China (25 September 03:01) |
| Three-month prohibition follows reports of deaths due to contamination in whitener in the neighbouring country |
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Oil steadies below $106 on weaker demand (25 September 09:16) |
| US light crude for November delivery was down 4 cents at $105.69 a barrel, after falling 88 cents to settle at $105.73 on Wednesday |
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Govt seeks lifting of court ban on KG basin gas sales (24 September 11:41) |
| NTPC and RNRL have filed separate lawsuits over the rights to the KG basin gas |
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India’s April-Aug spices export jumps by over 12% (24 September 03:02) |
| In value terms, exports rose by 16.16% at Rs2,265.25 crore against Rs1,950.09 crore in the review period |
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MMTC to sell 6,950 tonnes of imported pulses (24 September 02:16) |
| Bidders should quote for a minimum lot of 500 tonnes. Bids close on 29 September, decision on tender by 1 October |
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Oil nears $107 on lower US stocks forecast (24 September 09:05) |
| US light crude for November delivery rose 26 cents to $106.87 a barrel after settling down $2.76 at $106.61 on Tuesday |
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Oil, gold markets pause, watch the US (24 September 12:00) |
| The dollar stabilized after tumbling to a six-week low against the euro overnight as commodities soared |
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Freight rate rise may hit coffee exports (24 September 12:00) |
| Coffee exports rose 6.4% so far in 2008, compared with an 11% fall last year |
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India’s wheat production plateauing (23 September 03:43) |
| The Ministry will do a brain-storming with agriculture scientists and policy makers from the Centre and the States to discuss ways to improve the yield |
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Update: Oil falls to $107 after historic one-day surge (23 September 02:03) |
| Although prices surged a day earlier on hopes the rescue plan would improve the outlook for energy demand, investors were still struggling to find answers |
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Gold prices up by Rs600 on global cues (23 September 01:16) |
| Gold in overseas markets soared to its highest level in seven-week on speculative buying as dollar dropped to multi-week lows against the euro |
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Coffee exporters seen hit by high freight costs (23 September 01:03) |
| Coffee exports rose 6.4% so far in 2008, compared with an 11% fall last year; traders expect exports to touch 225,000 tonnes, up from 223,565 tonnes a year-ago |
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Oil sheds $1 amid US bailout anxiety (23 September 09:00) |
| Although prices surged a day earlier on hopes the rescue plan would improve the outlook for energy demand, investors were still struggling to find answers |
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Iffco plans to set up a plant in Gujarat (23 September 12:47) |
| India, the world’s second biggest fertilizer user, imports a quarter of its 46mt yearly demand |
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Target for wheat crop set a tad higher (23 September 12:08) |
| The government has set a target of 78.5 million tonnes (mt), compared with an estimated 78.4mt this year |
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Green tech returns to tea factory (23 September 12:07) |
| The Tea Board backs the Coonoor project that will help the unit save significantly on firewood expenses |
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FM hopeful of removal of ban on rice export (22 September 03:24) |
| He said for the first time fuel, food and financial crisis caused strains in Indian economy and forced the government to put certain restrictions |
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Gold prices open lower on lack of support (22 September 01:36) |
| The yellow metal fell by Rs50 at Rs12,720 per ten gram in the opening session |
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Oil steady in Asia as investors mull US bailout (22 September 11:18) |
| October light sweet crude gains 35 cents to $104.90 a barrel in midday deals in Singapore. In London, November Brent up 74 cents to $100.35 |
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India’s love affair with gold keeps going despite volatile prices (22 September 07:47) |
| India is the top gold consumer, importing 700-800 tonnes a year -- around 30% of global demand |
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Late rains help Gujarat farmers; good cotton, castor crop expected (22 September 07:46) |
| The state has received 85.89% of the annual average rainfall and may meet its target on farm output growth |
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Govt unlikely to notify CTT this year (21 September 11:55) |
| Parliament has already passed the 2008-09 Budget, where one of the proposals is to levy a commodity transaction tax of 0.017% |
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Exports push tea auction prices up by 16% (21 September 11:48) |
| Shortfall in tea production in Kenya and better export prospects with Iraq have boosted India’s exports and, thereby, moved up auction prices |
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