Commodity News

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Commodities Set to Extend Gains as China’s Rate Cut Spurs Demand

Bloomberg - 3/1/2015 11:51:05 AM
“In a short term, the hopes for more monetary easing and additional stimulus are likely to support the prices.” The Bloomberg Commodity Index of 22 raw materials climbed 0.7 percent last week, capping the first monthly advance since June. Iron ore ...

Andrew Forrest pursues new opportunities in minerals and energy commodities

Sydney Morning Herald - 3/1/2015 4:58:54 PM
Citing the malaise in commodity prices and the availability of cheap debt, Mr Forrest said the time was right to begin work on the next generation of mining projects in Australia, and he vowed to build a new venture with many of the people who were ...

Farmland values tumble as commodity prices fall

Quad-Cities Times - 2/22/2015 6:08:38 AM
After almost 28 years of steady annual rises, farmland values in the five states that comprise the Seventh Federal Reserve District, including Iowa and Illinois, fell 3 percent during 2014, according to the recent Agricultural Newsletter issued by the ...

Vedanta to cut debt burden despite oil price plunge

Financial Times - 3/1/2015 5:06:03 PM
London-listed Vedanta Resources plans a dramatic reduction in debts and curbs in capital spending, as the India-focused resources group responds to a recent plunge in oil and commodity prices, billionaire founder Anil Agarwal said. Net debts at the mining ...

Commodity prices force Cabot Oil and Gas to lower 2015 capex

Market Realist - 2/27/2015 1:48:00 PM
In response to the decline in commodity prices, Cabot Oil and Gas Corporation (COG) cut its 2015 capex (capital expenditures) to $900 million. It previously announced a $1.53–$1.6 billion budget in its 3Q14 earnings. This excludes ~$70 million in ...

Commodities languish but signs of recovery emerge

The Australian - 3/1/2015 1:02:40 PM
The question is suggested by the fact that, even while commodities are performing poorly, green shoots of hope are emerging (as oil prices have been showing). Canada’s Scotiabank reports its commodities index plunged again in January, dropping below the ...

Artificially inflated commodity prices are unacceptable in Azerbaijan

Trend - 3/1/2015 12:26:53 PM
The commodity prices artificially inflated by some entrepreneurs is unacceptable in Azerbaijan, Chairman of the Azerbaijani State Customs Committee, Lieutenant General of the Customs Service Aydin Aliyev said at a meeting with businessmen in the committee ...

Gold prices to rise after Budget keeps import duty high

Money Control - 2/28/2015 7:30:24 PM
Gold premiums in top consumer India could jump to as much as USD 5 an ounce over world prices next week, from being almost at par, after Finance Minister Arun Jaitley surprised jewellers by maintaining import duty at a record level in Saturday's budget.

Budget on commodities

The Hindu Business Line - 3/1/2015 5:06:03 PM
Commodities futures trading volumes had been affected severely ... Since the international rubber prices are dropping, imports to India has seen several fold increase, which are driving down domestic prices to multi year lows. Proposal to increase the ...

Demand slump offsets benefits of falling commodity prices

Live Mint - 2/23/2015 12:26:50 PM
The sharp fall in prices of commodities like crude oil and copper has not translated into an improvement in operating performance for firms that consume these raw materials. An analysis of top commodity companies—excluding banks, information technology ...

Scotiabank Commodity Price Index Falls Below April-2009 Recessionary Low

marketwired.com - 2/23/2015 1:02:38 PM
TORONTO, ON--(Marketwired - February 23, 2015) - Scotiabank's Commodity Price Index plunged again in January, -8.6% month-over-month (m/m) or -27.9% year-over-year (yr/yr), dropping below the April-2009 low during the 'Great Recession.' Commodity prices ...

Scotiabank Commodity Price Index Hits 8-Year Low

The Huffington Post - 2/23/2015 10:39:28 AM
TORONTO — Scotiabank's monthly index of commodity prices has plunged to its lowest since January 2007. The bank says global economic conditions are better than during the 2008-09 global downturn, but an extended period of sub-par growth has increased ...

Awareness Programme on Managing Price Risks Through Commodity Futures

Business Wire - 2/16/2015 10:33:27 AM
Considering the needs of the bullion stakeholders based in Talod, Multi Commodity Exchange of India Ltd (MCX) and Forward Markets Commission (FMC) in association with Talod Suvarnakar Sangh organized a commodity awareness programme on Saturday, February 14 ...

Oil and trouble

The Economist online - 10/3/2014 11:58:59 PM
GIVE commodity markets credit: they are anything but boring. Between 2000 and 2011 broad indices of commodity prices tripled, easily outpacing global growth and stoking Malthusian hysteria. Jeremy Grantham, a wealthy financier, noted at the time that it ...

Economy’s Mixed Blessing: Commodity Prices Fall

New York Times - 6/14/2012 4:41:44 AM
HOUSTON — Mark Juull, a construction contractor for public and residential housing, has something to be thankful for in this sluggish economy: With global commodity prices falling, he’s saving $200 a week on fuel for his three trucks and finding deals ...