Page 393 - Commodity News

ICEX plans re-launch in June

Rights issue fully subscribed, valuing it at Rs 250 cr

Several jewellers open shops; gold discounts drop

The 41-day strike was later called off on assurances from excise dept it would not 'harass' jewellers

Jewellers strike continues for 41st day

To address the issue, government has constituted a panel under former chief economic advisor Ashok Lahiri

Mentha oil up by 0.5% on strong demand

Tight stocks position on restricted supplies from major producing regions also influenced prices

Oil prices rise in Asia as Doha meeting, US report loom

Data showing US stockpiles and output had seen a surprise fall provided some much needed impetus to the market last week

Commodity picks: 11 April 2016

Sebi mulls reforms in commodity market

Commodity advisory committee to meet April 11 to discuss new product launches, pricing mechanism for spot market

Oil prices jump 6% on US stockpile draws, Keystone

Oil prices jumped 6 percent on Friday, heading for the largest weekly gain in a month

Bauxite miners seek end to export duty

Though the export duty on bauxite was reduced by five per cent, to 15 per cent, in the earlier Union Budget

Jewellers protest excise levy, call for indefinite strike

FM Arun Jaitley proposed 1% of excise levy on all articles of gold and diamond, except silver jewellery

World cereal production to remain elevated in 2016: FAO

This, due to a recovery in output in China and India

Skimmed milk powder prices to rise this year

SMP prices recently rebounded from a slump to trade currently at Rs 140-150 a kg

Goldman says oil at $35 is 'Goldilocks' ideal for US explorers

Spices exports surge 8% in Apr-Dec

In volume term, spices exports showed a decline to 603,885 tonnes in first nine months of the financial year 2015-16

Gold outshines market in March quarter

Analysts attribute the outperformance to growth concern, hiatus in the dollar's rise and return of pent investment demand for gold

Spices Board tightens sampling rules for jeera export

Board shall inspect jeera samples at Unjha, Rajkot and Mundra port for April and May

Nickel falls by 0.3% on muted spot demand

Traders reduced positions, tracking a weak trend at spot market on sluggish demand from consuming industries

Mentha oil declines by 0.3% on profit-booking

Sluggish demand in the spot market also affected prices

Gold futures gain 0.5% on global cues

Participants enlarged positions tracking a firming global trend

Cardamom up by 0.6% on strong demand

Besides, tight stocks position on restricted supplies from producing regions supported the upside