Page 408 - Commodity News

Sugar mills move for early closure of crushing, lower exports still an issue

Export target of 4 million tonnes so far is still far away

Oil below $37 as US inventory rise counters output freeze plan

Brent was trading at $36.54 a barrel, while WTI was down 66 cents at $33.74

Cardamom down by 0.6% on sluggish demand

Traders trimmed positions amid subdued domestic as well as exports demand in the spot market

Silver futures rise by 0.3%

Speculators created fresh positions even as the white metal weakened overseas

Mentha oil recovers by 0.4% as demand picks up

Besides, restricted supplies from producing region supported the upside

Chana falls by 0.5% on adequate stocks

Participants lightened their positions, triggered by ample stocks at spot market

Nickel up by 0.3% on firm demand

Increased demand from alloy-makers also helped prices

Crude oil down by 1.3% on weak global cues

Speculators cut down their bets in line with a weak trend in Asian trade

Gold falls by 0.3% as weak global cues hurt

Participants trimmed their positions, largely in line with a weak trend overseas

Oil prices fall on huge build in US crude stocks

London Brent was trading at $36.73, while the NYMEX was down 34 cents at $34.06 a barrel

Aluminium producers to raise product prices soon

Doubling of clean energy cess to further squeeze margins of domestic aluminium companies

Steel prices to increase by Rs 2,000 a tonne

The increase in cold rolled products is around Rs 2,000 a tonne while that of long products would be

Jewellers begin 3-day strike at Budget levy

The strike was to protest at the Union Budget announcement of a 1% excise duty levy on articles of gold and diamond studded jewellery

Ready-made garment prices to rise 5%

The duty was levied on garments with retail price over Rs 1,000, which, according to industry sources, forms half of the organised apparel retail industry

After duty relief, Goa to resume iron ore export

Iron ore export is all set to resume from Goa following a Budget 2016 proposal to abolish export duty on it

Oil near two-month high on China demand hopes, easing supply glut

Benchmark Brent crude futures were up 34 cents at $36.91 a barrel

Oil rises as lower output tightens market, outweighs weak China data

Weak economic data out of China and the prospect of slowing oil demand growth prevented more price rises

OPEC watching Iran, Russia, unlikely to cut output in June

The only time Russia agreed to cooperate with OPEC was in 2001 but it never delivered on its pledge and raised exports instead

Oil prices unstable in Asia on weak Chinese data

Prices remained unstable on weak Chinese manufacturing data and a hint that oil producers could cooperate to stabilise market

Crude palm oil decline by 0.7% on profit-booking

Participants booked profits, driven by easing demand in the spot market against adequate stocks