Page 378 - Commodity News

Lead up by 1% on global cues, spot demand

Traders enlarged positions, taking positive cues from the global market and rising demand

Zinc up 1% on spot demand, overseas cues

Participants built up positions, driven by pick up in demand

Brent oil climbs above $50 for the first time in 7 months

Climbs to $50.05 a barrel as the figures showed a sharper-than-expected reduction in crude stocks

India may temporarily hold off on cancelling raw sugar import duty

Officials say no need to scrap the duty for now, even as sugar prices in India soar on the back of drought

Gold crashes on US rate rise jitters

Heavy buying by European investors in ETFs but weak Asian demand could keep prices weak, say analysts

Gold drops to 7-week low on Fed rate hike prospects

The metal has fallen more than 4% since Fed meeting minutes last Wednesday revived expectations for an imminent rate increase

Gold loses sheen, hits 6-week low on global cues

fading demand from jewellers in domestic spot market fuels downward trend; Silver sheds Rs 50 at Rs 39,450 per kg

Mentha oil up by 0.4% on spot demand

Tight stocks position following restricted arrivals from major producing belts also supported prices

Cardamom down by 1.2% on muted demand

Besides, adequate stock position following increased arrivals from producing regions also fuelled the downtrend

Soybean area falls as farmers switch to pulses

Prices of soybeans have dropped 10% in the past two years, while the prices of pulses have nearly tripled over the same period

Cotton sowing in north to be significantly lower

Farmers have been moving towards other crops, particularly pulses, to safeguard against the disease in cotton crop

Oil rebound has Citi seeing worst over for commodities

Gold in longest slump since November

Bullion for immediate delivery declined 0.5% to $1,242.91 an ounce by 10:27 am in London

Lack of quality produce pushes up cotton prices to Rs 36,500 a candy

Slight improvement in demand from textile mills supports price uptrend

Cotton season may have forced delay in GM royalty cap

The government on March 18 had issued a notification capping royalties of GM cotton seed technology companies at 10% for the first five years

Farmer earns Re 1 after selling one tonne of onions

Devidas Parbhane said with onion prices touching new lows, farmers like me may be meeting the same fate as other farmers who committed suicide

India seeks bids for oil, gas fields in first auction since 2010

India is auctioning a total of 46 oil and gas fields, with 26 on land, 18 offshore in shallow water and two in deep water

Gold, silver trend down on lower global cues, easing demand

Sentiment remained largely lacklustre, in tune with a sluggish global trend

Oil prices fall below $48 as dollar gains, but possible stock drawdown supports

Brent futures had declined 42 cents to $47.93 a barrel by 0643 GMT, after closing down 37 cents in the previous session

Gold touches 3-1/2-week low on Fed rate expectations

Higher interest rates increase the opportunity cost of holding non-yielding bullion