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Archive

Markets - Commodities

Tuesday, November 15, 2016

India raises 2017 local wheat purchase price
Commodities

India raises 2017 local wheat purchase price

NEW DELHI: The Indian government has decided to raise the price at which it will buy new-season wheat from domestic farmers in 2017 by 100 rupees, a senior government official told reporters on Tuesday after a meeting of the federal cabinet.
Published 15 Nov, 2016 07:40pm
NY cocoa sets 3-year low on favourable crop outlook
Commodities

NY cocoa sets 3-year low on favourable crop outlook

LONDON: New York cocoa futures fell to a 3-year low on Tuesday as favourable weather in West Africa boosted expectations there would be a global surplus in the 2016/17 season and encouraged funds to take more bearish positions.
Published 15 Nov, 2016 07:24pm
Gold rebounds on Trump policy uncertainty
Commodities

Gold rebounds on Trump policy uncertainty

LONDON: Gold edged higher on Tuesday, snapping a three-session losing streak, on uncertainty over the effects of policies promised by US President-elect Donald Trump and expectations of higher interest rates in December.
Published 15 Nov, 2016 11:54am