Page 358 - Commodity News

Palm oil up 0.3% on uptick in demand

Oil for delivery in August gained Re one, or 0.20%

Spot demand lifts zinc futures by 0.41%

Metal for delivery in August edged up by 50 paise, or 0.34%

Cardamom up 1% on pickup in spot demand

Spice for delivery in August contracts traded higher by Rs 7.80 or 0.83%

Nickel futures rise by Rs 8.10 on spot demand

Metal for delivery in August was trading notably higher by Rs 8.10, or 1.16%

Crude oil up on positive Asian cues

Oil for delivery in far-month September gained Rs 6, to Rs 2,903 per barrel in 173 lots

NCDEX closes chana futures

Chana futures were suspended earlier and existing contracts were allowed only to square off open positions

Vegetable prices in Delhi soar on heavy rains

The prices of major vegetables have moved by 20-30% from July 1 to July 25

Steel imports continue below MIP levels, complain producers

Total imports in April-June were 1.75 million tonnes, of which 69 per cent were below MIP levels

Gold, silver fall on weak global cues

Muted demand from jewellery makers due to off-wedding season also weighs on prices

Zinc, the metal investors love this year, has an ugly sister

Zinc, used to rustproof steel, has jumped 38 per cent this year to become the best-performing industrial metal

Global ETFs buy more gold than India, China

GFMS revises its average gold price forecast for 2016 to $1,279, from $1,184 per oz in April

NCDEX raises margin for less liquid commodities

MPOR is one of the risk measures in the commodity contracts to make it convergent with the liquidity profile of the commodity contracts

Centre re-imposes MEP on potato

Imposition of minimum export price means exports of potatoes priced above Rs 24.24 per kg won't be permitted

Oil falls towards $44, lowest since May, on glut worries

Brent crude is still up more than 60% from a 12-year low near $27 in January

Mentha down 1.% on profit-booking

The oil for July delivery drifted lower by Rs 9 or 0.93%

Crude palm oil down 0.8% on profit booking

Oil for delivery in August traded lower by Rs 1.60 or 0.33%

Cardamom up 0.3% on pick up in spot demand

Restricted supplies from producing regions and rising domestic and export demand in the spot market fuelled the uptrend

Kharif sowing picks up in Odisha after normal rains

As of July 16, Kharif sowing has been undertaken in 2.53 million hectares (ha) compared to 2.56 milion ha covered during the same period a year ago

Less production pushes tea prices up

While pan-India e-auction of tea has brought in more buyers into the system, fall in production has pushed prices by 8%

Govt promises helping hand to bullion industry

Govt proposes to develop gold mines, assures jewellery sector to address practical issues in bringing business above board