India`s cotton regions forecast to get much needed rain

By Sudarshan Varadhan

NEW DELHI - Key cotton producing regions in central India are set for a recovery in rainfall levels, the country's weather office chief told Reuters on Tuesday, easing concerns for farmers who are betting on the fibre amid rising demand.

Overall rainfall in the country since June 1 is 6 percent below the long-term average, according

Zinc futures dip on easing demand

Zinc futures were trading lower during the afternoon trade in the domestic market on Tuesday as speculators trimmed positions amid easing demand in the spot market. Analysts said offloading of positions by participants on the back of tepid demand in the spot markets, mainly led to decline in zinc prices at futures trade.

At the MCX, zinc futures for September 2017 contract was trading

White metal up amid robust global cues

Silver futures were trading higher during the afternoon trade in the domestic market on Tuesday taking positive cues from the global market. Market analysts said a firm trend in precious metals in global market mainly attributed to the rise in silver prices at the futures trade.

At the MCX, silver futures for December 2017 contract was trading at Rs 39896 per kg, up by 0.33 per cent,

Bharat Oman Refineries buys first U.S. crude for November arrival: sources

SINGAPORE  - Bharat Oman Refineries Ltd (BORL) has bought, via tender, its first crude cargo from the United States, which will be delivered in November, two trade sources said on Tuesday.

Trafigura will deliver 1 million barrels of Mars crude from the U.S. Gulf of Mexico to BORL on Nov. 16 to 25, they said.

BORL is likely the third Indian oil refiner,

Aluminium futures up 0.34% on upbeat demand

Aluminium futures were trading higher during the noon trade in the domestic market on Tuesday as speculators built up fresh positions. Analysts said participants created fresh positions on the back of rise in demand from consuming industries in physical market.

At the MCX, aluminium futures for September 2017 contract is trading at Rs 133.25 per kg, up by 0.34 per cent, after opening

Nickel futures dip on easing demand

Nickel futures were trading lower during the afternoon trade in the domestic market on Tuesday as investors and speculators exited their bets in the industrial metal on the back of ease in demand.

At the MCX, nickel futures for September 2017 contract is trading at Rs 702 per kg, down by 1.76 per cent, after opening at Rs 707, against a previous close of Rs 714.60. It touched the intr

Lead futures dip on subdued demand

Lead futures were trading lower during the afternoon trade in the domestic market on Tuesday as participants reduced their exposure amid subdued demand from consuming industries in the spot market. Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs 1

Copper futures rises 0.38% on robust demand

Copper futures were trading higher during the evening trade in the domestic market on Tuesday as traders continued to extend their positions amid pick up in spot demand. Marketmen attributed the rise in copper futures to rising demand from consuming industries at domestic spot markets.

At the MCX, copper futures for November 2017 contract was trading at Rs 424.30 per kg, up by 0.38 pe

Mentha oil futures dip on easing demand

Mentha oil futures were trading lower during the evening trade in the domestic market on Tuesday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from

Cardamom futures dip amid muted demand

Cardamom futures were trading lower during the evening trade in the domestic market on Tuesday as speculators booked profits at prevailing levels amid easing demand in the spot market.

Analysts said besides profit booking by participants at existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.

At the MCX,

Gold edges up as dollar retreats ahead of Fed meeting

By Jan Harvey

LONDON  - Gold edged off the previous day's two-week low on Tuesday as the dollar eased ahead of a Federal Reserve meeting which is expected to provide more clues this week on the pace of U.S. monetary tightening.

The dollar fell 0.3 percent against the euro ahead of the two-day talks, with markets awaiting guidance on whether the Fed

White metal dips on feeble global cues

Silver futures were trading lower during the afternoon trade in the domestic market on Monday as participants engaged in trimming their positions taking weak cues from global market. Marketmen attributed the fall in silver prices at futures trade to a weak trend in the precious metals overseas and profit-booking by participants at existing levels.

At the MCX, silver futures for Decemb

Aluminium futures up on spot demand

Aluminium futures were trading higher during the noon trade in the domestic market on Monday as speculators built up fresh positions. Analysts said participants created fresh positions on the back of rise in demand from consuming industries in physical market.

At the MCX, aluminium futures for September 2017 contract is trading at Rs 132.45 per kg, up by 0.08 per cent, after opening a

Nickel futures up on pickup in demand

Nickel futures were trading higher during the afternoon trade in the domestic market on Monday as participants widened their bets, driven by pick-up in demand in the spot market. Analysts attributed rise in nickel futures to building-up of positions by traders due to pick up in demand from alloy- makers in the spot market.

At the MCX, nickel futures for September 2017 contract was tra

Zinc futures up on surging demand

Zinc futures were trading higher during the afternoon trade in the domestic market on Monday as speculators created fresh positions on pick-up in demand from consuming industries at the spot markets. Market analysts attributed the rise in zinc futures to fresh bets created by participants on the back of rising demand at the domestic spot market.

At the MCX, zinc futures for September

Yellow metal slips ahead of US Fed meet

Gold futures were trading lower in the domestic market on Monday as equities rallied and the dollar firmed, while prospects of monetary policy tightening in the US ahead of a Federal Reserve meeting also weighed on the metal.

At the MCX, gold futures for Oct 2017 contract is trading at Rs 29688 per 10 grams, down by 0.56 per cent, after opening at Rs 29820, against a previous close of

Copper futures rise on overseas trend, spot demand

Copper futures were trading higher during the noon trade in the domestic market on Monday amid a firming global trend and pick up in spot demand. Marketmen attributed the rise in copper futures to a firming trend in base metals in global market as housing data from China showed continued gains for prices.

Rising demand from consuming industries at domestic spot markets supported the u

Lead futures rise amid pick-up in demand

Lead futures were trading higher during the afternoon trade in the domestic market on Monday as participants created fresh positions, taking positive cues from spot market on pick-up in demand. Marketmen said building up of positions by traders backed by upsurge in demand from battery-makers at domestic spot market, supported the upside in lead prices at futures trade.

At the MCX, lea

Oil prices slip, but hold near recent highs

By Fanny Potkin

LONDON - U.S. crude oil prices slipped below $50 per barrel on Monday but stayed close to multi-month highs amid a drop in shale drilling and as refineries continued to restart after Hurricane Harvey.

U.S. West Texas Intermediate (WTI) crude futures were down 27 cents at $49.62 at 1115 GMT, but still close to Thursday's near-four month hi

Mentha oil futures down on easing demand

Mentha oil futures were trading lower during the evening trade in the domestic market on Monday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from

Cardamom futures dip amid easing demand

Cardamom futures were trading lower during the evening trade in the domestic market on Monday as speculators booked profits at prevailing levels amid easing demand in the spot market. Analysts said besides profit booking by participants at existing level, fall in demand against adequate stocks position, mainly led to decline in cardamom prices at futures trade.

At the MCX, cardamom fu

Gold slips as equities, dollar surge ahead of Fed meeting

By Maytaal Angel

LONDON  - Gold hit a two and a half week low on Monday as the dollar rose ahead of a two-day Federal Reserve meeting and as global equities surged.

The dollar hit an eight-week high against the yen as data showing a pick up in U.S. consumer prices increased bets that the Fed could raise rates again in December.

Also, investors

High gold prices keep demand in check; India discounts narrow

By Rajendra Jadhav and Arpan Varghese

MUMBAI/BENGALURU  - Demand for physical gold in Asia remained lacklustre this week as high prices kept consumers on the sidelines while discounts in India narrowed ahead of a festival season that could reignite buying interest.

Dealers in India were offering a discount of up to $4 an ounce this week, down from an $8

Copper futures slide on weak global cues

Copper futures were trading lower during the evening trade in the domestic market on Friday as speculators offloaded their positions amid a weak trend in global markets. Marketmen attributed the fall in copper futures to weakness in metal at the London Metal Exchange (LME) on profit-taking, rising inventories at the exchange's warehouses, nervousness about demand in China and a higher dolla

Oil and chemical spills from Hurricane Harvey big, but dwarfed by Katrina

By Emily Flitter and Richard Valdmanis

NEW YORK/BOSTON - More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey, along with millions of cubic feet of natural gas and hundreds of tons of other toxic substances, a Reuters review of company reports to the U.S. Coast Guard shows.

The spills, clu