Page 388 - Commodity News

Why pulses prices are rising

Lower output and inadequate policy are some of the reasons

Steel imports rise 26% in FY16

The domestic production of finished steel in the last financial year declined to 90.39 mt (provisional), over 92.16 mt in 2014-15

Slow start to tea harvest in Assam, Bengal

Production in Assam is likely to fall 30% due to excessive rains

NCDEX posts record spices delivery

Coriander leads pack, with near six-fold surge in deliveries, to 54,040 tonnes in 2015-16, over 9,460 tonnes a year ago

Arrivals show higher wheat procurement in Punjab

Procurement till 21 April was 6.562 mn tonnes against 3.876 mn tonnes during the corresponding period last year

Gold up by 0.3% on global cues

Speculators created positions amid positive cues from the global market

Cardamom up by 0.9% as spot demand picks up

Further, restricted arrivals from producing regions supported the uptrend

Silver futures up by 0.3% on global cues

Speculators built up positions amid a higher global trend

Nickel up by 0.4% on firm spot demand

Speculators widened bets, tracking a firm trend in the spot market

Copper falls by 0.4% as speculators trim positions

Subdued demand at domestic spot market also pushed down metal prices

Lead down by 0.2% on low spot demand

Profit-booking by speculators amid sluggish demand also affected prices

Oil prices fall on news of possible Saudi oilfield expansion

The news fueled fresh concerns about the global supply glut

Indian speciality chemicals firms to benefit from China's stricter green norms

The crackdown on polluters has opened up a window of opportunity for Indian manufacturers, who are investing more to grow capacity

Commodity picks: 25 April 2016

Pepper prices are currently trading at Rs 70,514 a quintal

Silver still a preferred bet over yellow metal

Higher global investment demand expected to keep the white metal ahead

Rubber output falls 13% to 5.63 LT in FY16

The rubber production stood at 6.45 lakh tonnes in the 2014-15 fiscal and the imports were at 4.42 lakh tonnes

Why gold refinery consolidation is the need of the hour

Finance Minister Arun Jaitley's decision to cut arbitrage may ensure that the standards of purity of the refined gold in the Indian market meet the global benchmark

Govt aims to increase food processing sector 2.5 times in 10 years

Agri minister says national e-mandi to reduce post harvest loss, raise farmers' income

FinMin sets up sub-panel on excise duty on jewellery

Gold discounts fall as arbitrage window shrinks

World's second biggest bullion market remained at a discount to the global benchmark as purchases across the region were curbed by higher prices