Agri commodities index gains 0.25%: Cereals, cotton prices rise

The Agriwatch Agri Commodities Index gained 0.25% to 116.19 during the week ended Oct 8, 2016 from 115.90 during the previous week.

The base for the Index and all sub-Indices is 2014 (= 100). Higher cereals and cotton prices offset declines in edible oils and oilseeds prices. Five of the nine commodity group sub-Indices that constitute the main Index declined during the week.

The commodity group sub-Index values and their weekly changes are as follows: Cereals Index: 103.15 (+1.30%), Pulses Index: 220.15 (+1.59%), Vegetables Index: 62.60 (+0.49%), Sweeteners Index (Sugar, Gur & Khandsari): 122.25 (+0.24%), Fibres Index: 102.33 (+3.55%), Edible Oils Index: 113.98 (-1.74%), Oilseeds Index: 105.60 (-1.93%), Spices Index: 133.87 (-1.49%) and Other Non-Food Articles Index: 74.31 (-4.20%).






Iraq's oil min wants output increase in 2017

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Jabar al-Luaibi's comments came as Opec nations are trying to implement an agreement to curb oil output for the first time since the 2008 financial crisis, in order to push up crude prices.

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