Page 394 - Commodity News

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

Oil prices extend gains on US inventory data

A sizeable drop in US stockpiles, the first decline in seven weeks, indicated stronger demand

De Beers to raise prices since 2014

Slowing demand from China and an industry-wide credit crunch led De Beers to lower prices about 15 per cent last year

Oilmeal export dips 52% in FY16

According to the SEA data, soyabean meal exports has dropped to 70,820 tonnes in 2015-16, from 6,59,593 tonnes last year

Gold value chain activity halted with new duties, strike

There is a lack of demand for refined gold after the strike

Copper heads for 5th year of decline

Supply surplus and weak demand from China to keep demand down

India to lose groundnut export competitiveness as markets tighten quality rules

There have been several quality related complaints by countries who import from India

Nickel down by 0.3% on weak global cues

Muted demand from consuming industries at the domestic spot markets also affected prices

Copper up by 0.5% on global cues

Speculators widened their positions, largely in tandem with a firming trend overseas

Lead falls by 0.1% on muted demand, overseas trends

Traders trimmed their positions amid weak domestic demand, affecting prices

Surplus supply, weak demand from China to hit copper prices

Copper surplus seen at 1,50,000 tonnes, while prices are set to average at $4,850 per tonne, a GFMS study has revealed

Failure of Bt cotton forces govt to promote native seeds

Agriculture Ministry decided to revive cultivation of indigenous varieties of cotton in a meeting yesterday

Jewellers' strike cripples gold imports in March

With 70-80 per cent of jewellers going on strike, the gold import bill is estimated in the range of only $600-700 million

ONGC gets green nod for Rs 350 crore drilling project in Gujarat

Each well will be drilled up to a depth of 3,000 metres