Page 369 - Commodity News

Lead up 0.7% on spot demand

The metal for delivery in July edged up by 75 paise or 0.65%

Cardamom futures rise 1.29% on pick up in spot demand

Spice for delivery in August gained Rs 10.80 or 1.21% to Rs 900 per kg in 30 lots

Global oil majors look to shed refineries as crude prices rebound

Cash strapped oil companies like Chevron and Royal Dutch Shell are selling small refineries to trim lower-margin assets

Metals, oil fall on worries of slowing economies

Gold sees big buying, as central banks around the world hold rates

MCX plans to launch 4-5 new contracts in agri segment

To launch castor seed and black pepper soon; proposals on various stages of approval

Oil slides 3%, hits 1-month low as dollar jumps

Since June 9, Brent has lost about $5 a barrel, or nearly 10 per cent. Prior to that, it hit an eight-month high of nearly $53 on supply disruptions out of Nigeria and Canada

Chana futures suspended, only square off in existing positions will be allowed

Among pulses only chana was traded on futures

Tomato prices to remain high for next two months

The fresh tomato crop is expected to arrive only in September and till then prices are expected to remain under pressure

Gold hits Rs 30,000 on global cues, jewellers buying

Silver also recaptured the Rs 42,000 mark by rising Rs 700 to Rs 42,050 a kg backed by increased offtake by industrial units and coin makers

Gold futures climb Rs 408 on global cues

Speculators raised their bets after the precious metal climbed above $1,300 an ounce in the global markets

Cleanliness problem in spice export

Adulteration, pesticide residues irking various importing countries; industry alarmed

Ministerial team chalks out measures to check price rise

India is trying to work with Myanmar for a formal agreement on import of tur on government-to-government route

Oil will need to trade between $45-$50 per barrel to reach supply deficit: Goldman Sachs

A series of production disruptions in Nigeria, Venezuela, Libya and Canada pushed oil to a 2016 high of $52.86 last week

NCDEX makes assaying of commodity mandatory at the time of delivery

Makes beginning with rapeseed, quality difference will have to be sorted out with warehouses

States too responsible for curbing price rise : Ram Vilas Paswan

Despite several measures, pulses price are still high at over Rs 170 per kg in most parts of the country due to a widening demand-supply gap

Nickle up by 0.9% on pick up in demand

Speculators widened their positions, driven by pick up in demand at the domestic spot markets

Silver futures fall on weak overseas cues

Speculators trimmed their exposure amid a weak trend in global markets

Palm oil imports fall 28% on higher stock, lower demand

Palm oil make up more than 65 per cent of the country's total vegetable oil imports

Indonesia raises quality issue for groundnut export

Groundnut exports stagnated at 536,929 tonnes in 2015-16, after a sharp decline from 2013-14 when these were a record of 708,386 tonnes, worth $760 million

Jewellers offer incentives to beat slowdown in sales

The absence of festivals and weddings has hurt sales, even as farmers are holding off on encashing gold for seeds and fertilisers due to a delayed monsoon