Page 356 - Commodity News

Jeera up 0.9% on rising exports

Spice for delivery in September contracts trading higher by Rs 155 or 0.84%

Sugar down 1.4% on adequate stocks

Commodity for delivery in October contracts traded lower by Rs 51 or 1.38%

Silver futures climb Rs 707 on global cues

Fresh positions created by speculators in tune with higher global trend pushed silver prices

Seafood exports could grow 20% in FY17

Land routes opened for basmati exports to Bangladesh, Nepal

Basmati exports dropped 20.4% in value terms to $585 mn (Rs 3,901 cr) in April-May this year, against $735 mn (Rs 4,651 cr) in the corresponding period last year

Anti-dumping duty on HR steel from 6 nations

With earlier easing of import protection on many products, industry pleads for more and longer protection, saying this isn't enough

NCDEX board panel on more farmer participation

NCDEX will enable some of the most marginalised farmers to access reliable markets for the first time

LME set to launch precious metals spot, futures contracts

LME has tied up with WGC and a host of global banks and firms to introduce contracts in precious metals

Gold rebounds on jewellers' demand, silver remains weak

Among other precious metals, silver was down 0.2% at $19.69 an ounce after touching a near two-week low on Monday

Sugar output in 2016-17 may be lower due to drought: Govt

Could be lower compared with the current year's estimated output of 252 lakh mt

Sugar output in 2016-17 may be lower due to drought: Government

C R Chaudhary said there is sufficient sugar stock available in the current season to meet demand of 255 lakh mt

Copper down 0.1% on muted demand

Metal for delivery in current month shed 40 paise or 0.12%

Nickel down 0.2% on profit-booking

A firming trend overseas restricted the gains

Oil continues to oblige Jaitley with low prices

Finance Minister had jitters when crude prices came close to $53 a barrel in June rallying from 12-year lows of $27 earlier in the year

Apple crop woes for Adani, Mahindra

Unrest in J&K intensifies shortage; food-processing units not to be badly hit, as they rely more on crop residue

Mixed trend prevails in foodgrain market on opening day

Rest of all other commodities ruled steady in the market

Lead up 0.5% on spot demand, overseas trend

Metal for delivery in September edged higher by 50 paise, or 0.42%

Nickel up 0.7% on global cues

Prices of the metal surged largely in tandem with a firm trend in metal at London Metal Exchange and pick up in demand

Commodity picks

Hallmarking rule to cover 90% of gold jewellery

Guidelines for mandatory hallmarking of jewellery were approved by the government in 2000 but their implementation has been deferred