Gold heading towards Rs 45,000 per 10 grams level amid volatility in global markets

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Volatility in the global markets has once again brought gold back in focus, with the price of the yellow metal rising sharply worldwide. In India, it is approaching the Rs 45,000-level. This is a boon for investors holding gold exchange-traded funds and sovereign gold bonds (SGBs). At present, it is perhaps the only instrument to be providing […]

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Global coffee output seen higher due to increased production in Indonesia – ICO

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Global coffee production in 2016/17 crop year is seen higher at 153.9 million bags against a previous estimate of 151.6 million bags, mainly due to an in increase in output from Indonesia and Peru, the International Coffee Organization (ICO) said. It said in its Indonesian production had been revised up from 10 million bags to […]

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High Exports and Increased Inventory Weakens Global Coffee Market

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In March, the ICO composite indicator price fell slightly. While Robustas remained broadly stable, Arabica prices were under pressure. Despite the poor Conilon/Robusta harvest in Brazil and Vietnam, the global coffee market remained well supplied as export levels in the period October 2016 to February 2017 were higher than the year before, while inventories in […]

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Water scarcity, pollution to increasingly take shine off Latin American mining sector

Water supply concerns and pollution in Latin America will increasingly drive strict environmental regulations in the region over the coming years, which in turn will also make miners’ life more difficult, a report by BMI Research reveals. According to analysts, in addition to raising costs for mining companies and delaying certain projects, the focus on the amount […]

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Global coffee market weakens further due to high exports and increasing inventory levels

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The International Coffee Organization (ICO) said the prices of the commodity continued to fall in March with the monthly average of the composite indicator down by 2.6% to 134.07 US cents/lb from 137.68 US cents/lb recorded in February. The ICO said in a statement that while Robustas remained broadly stable, Arabica prices were under pressure. […]

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Freeport’s Cerro Verde copper mine resumes normal operations; Chile strike also ends

Around 1,300 unionised employees at Freeport-McMoRan’s Cerro Verde copper mine in Peru went back to work last week, effectively ending a 18-day strike that halved the mine’s output. The workers, who went on strike on March 10, demanding special benefit payments to protect their incomes against a downturn in the metal prices, as well as better working conditions, […]

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