Page 396 - Commodity News

Mentha oil futures recover by 0.5% on spot demand

Traders created fresh positions after pick up in demand from consuming industries in the spot market

Cardamom falls over 3% on muted demand

Adequate stocks position on higher supplies from producing regions put pressure on cardamom prices

Oil down as Saudi comments cast doubt on output freeze

Hopes for a deal at the April 17 gathering in Doha led by Russia and Saudi Arabia had been a major driver of a rally in prices

Commodity picks: 4 April 2016

After stellar rise, gold to consolidate

Given the sharp gains in the March quarter and looking at various indicators, buying on dips is a good strategy

Basmati rice industry may revive in next harvest 2016-17: Icra

By volume, the share of basmati rice is around 6% in 2014-15, even as by value, basmati rice exports account for 57% in 2014-15, of India's total rice exports

Chinese demand pushes up groundnut oil prices by 15%

The surge in demand, however, has not been met by sufficient quantity of groundnut crushing, resulting in lower production of groundnut oil this year

Bauxite miners seek to abolish export duty

A duty of 15% makes aluminium raw material uncompetitive in Chinese markets; livelihood of thousands of workers at stake

Oil tumbles 4%; Saudi Arabia cools on output freeze

Profitability of basmati rice exporters to remain under pressure in H1FY17

Price situation to improve on short supply to elevate exporters' realisation in the second half

Tea-garden closures in Dooars could reduce output by 50 mn kg

Price impact to be clearer in June; 25,000 rendered jobless after Duncans Goenka shut down seven gardens

Govt to go ahead with digitisation in Phase-III and IV markets

4.9 million households have further been removed from Phase-III, bringing down total addressable population from 38.8 million households to 33.2 million, with max impact in West Bengal, Kerala, Goa an

Palm oil up 1.4% on global cues

Oil for delivery in April contracts traded higher by Rs 6.70, or 1.22%

Cardamom down 2.7% on low demand, higher supply

Spice for delivery in May edged down by Rs 16.80, or 2.31% to Rs 710 per kg

Mentha oil down 1.14% in futures trade on profit-booking

Commodity for current month delivery traded down by Rs 6.40 or 0.76% to Rs 834.20 per kg

FY16: A year of uncertainty for commodities

The US Fed's frequent change in its stance over interest rates kept metals, bullion and energy prices subdued in 2015-16

Sugar production in FY16 falls to 11 lakh tons

The fall in the sugar production was widely expected with only 215 sugar mills operating in the current season

Ferro chrome makers resent export duty waiver on chrome ore

The waiver would only benefit the merchant miners and kill value addition, they said

Gold demand seen falling to 7-year low in March quarter

Demand is expected at 60-70 tonnes, lowest since Q1 of 2009, when local purchases totalled 41 tonnes

Zinc falls by 0.4% on weak global cues

Speculators reduced positions amid weak global trend and ending monthly settlement