Page 383 - Commodity News

Gold fails to glitter on Akshaya Tritiya

Gold prices dipped by Rs 250 to close at Rs 30,100 per 10 grams

Copper down by 1.8% as global trend weakens

Speculators trimmed positions amid a weak trend in global markets

Sugar up by 0.3% on spot demand

Speculators created fresh positions amid pick-up in demand in the spot market

Crude prices up on Canada fires, Saudi oil minister replacement

However, price rises were tempered by data showing another fall in Chinese exports and imports last month

Cotton exports may dip 10% on increase in local prices

Exports may fall to six million bales from its export of 6.7 million bales in the 2014-15 marketing year

Jewellery sales to be tepid on Akshaya Tritiya

Price rise, dry weather and long gap of new wedding season are set to deter consumer

Climate change makes the going tough for Assam tea sector

Crop loss due to extreme weather conditions has become a normal feature

Gold stays on an upward curve, scales 2-year high

The precious metal adds Rs 225 to Rs 30,350 per 10 grams in the National Capital, its highest since May 10, 2014

Lower domestic prices push castor oil exports up by 9%

According to industry sources, lower prices of seed in the domestic market, coupled with weak exports in the previous year led to a rise in castor oil exports this year

Gold struggles as dollar firms ahead of US jobs data

Investors are eyeing US economic data to gauge the Fed outlook on monetary policy

Shift in Saudi oil thinking deepens OPEC split

Events at Monday's meeting of OPEC governors suggest that if Saudi Arabia gets its way, then one of the group's central strategies - of managing global oil prices by regulating supply - will indeed go

Soaring prices may hit gold sales on Akshaya Tritiya

Gold is currently ruling at Rs 30,050 per 10 grams in domestic market. In February first week it was at Rs 26,930

NMDC cuts May iron ore price by up to 11% on weak demand

The company has also cut high-grade iron ore (lumps) prices by 4% to encourage domestic steel mills to procure the raw material from it

Govt wheat procurement likely to fall

Dip attributed to more active buying by private agencies this year

Lower rice output to push up prices

Production may fall 3-5 mt for the crop year ending June; uneven distribution of rain in the past 2 seasons hit sowing

Sizzling temperatures may hit seafood exports

The seafood industry is facing the heat due to rising instances of premature mortality of shrimps in the ponds

Silver rally to keep coin bargain hunters at bay: Report

FM Jaitley rules out rollback of excise duty on jewellery

Ever since the levy of 1% cess on non-silver jewellery was announced in the Budget, there have been protests by jewellers and demands for rollback by MPs

Gold futures up by 0.5% on global cues

Speculators created fresh bets amid positive cues from global markets

Oil prices up as Canada wildfires threaten crude output

Authorities say wildfires are burning out of control in the Alberta oil sands region of Canada, which mines and ships heavy crude south to the US market