Page 422 - Commodity News
Mentha oil falls by 0.4% on subdued demand
Besides, adequate stocks position on increased supplies from producing belts also put pressure on mentha oil
 "Mentha oil falls by 0.4% on subdued demand")
Oil up in Asia, analysts temper hopes on Russia-OPEC talks
Analysts noted that similar discussions in the past had failed to end with concrete results
 "Oil up in Asia, analysts temper hopes on Russia-OPEC talks")
US crude extends rise on hopes of supply cuts to tackle glut
Climbs 32 cents at $33.54 a barrel, while Brent ended up 79 cents at $33.89 a barrel
 "US crude extends rise on hopes of supply cuts to tackle glut")
Sebi asks NCDEX why it suspended castor seeds futures
Trading in coriander and other commodities also being investigated
 "Sebi asks NCDEX why it suspended castor seeds futures")
NCDEX might suspend members who violated trade norms
The exchange's initial findings into castor seed price manipulation started four days ago suggest some irregularities
 "NCDEX might suspend members who violated trade norms")
Bears testing nerves of commodity producers
With prices hovering around multi-year lows, producers are either cutting down output, even as they wait for a relief rally
 "Bears testing nerves of commodity producers")
Export growth of spices take a hit on fluctuating demand
Demand fluctuations in chilli, turmeric and jeera resulted in export growth of just 3% in 2014-15
 "Export growth of spices take a hit on fluctuating demand")
Cardamom up by 3.1% on rising demand
Participants widened their positions amid pick up in export demand
 "Cardamom up by 3.1% on rising demand")
Crude palm oil up 0.7% on pick up in demand
Moreoever, firming trend in the overseas market too fuelled the uptrend
 "Crude palm oil up 0.7% on pick up in demand")
Nickel down by 0.1% on weak global cues
Weak demand from alloy-makers also affected prices
 "Nickel down by 0.1% on weak global cues")
Aluminium falls by 0.4% on global cues
Further, subdued demand in the domestic spot markets also weighed on the metal prices
 "Aluminium falls by 0.4% on global cues")
Gold up by 0.2% on global cues
Speculators widened positions, tracking a firming trend overseas
 "Gold up by 0.2% on global cues")
Zinc falls by 0.5%, tracking weak global trend
Speculators reduced their positions, in tandem with a weak global trend
 "Zinc falls by 0.5%, tracking weak global trend")
Copper down by 0.4% on weak global cues
Speculators reduced their positions amid weak global cues
 "Copper down by 0.4% on weak global cues")
NCDEX suspends futures trading in castor seed
The exchange said it took this decision to safeguard the interest of the commodities market
 "NCDEX suspends futures trading in castor seed")
Gold slips from 12-week high on less dovish US Federal Reserve
Spot gold declines 0.5% as Fed signalled that it was unlikely to be deterred from raising interest rates this year
 "Gold slips from 12-week high on less dovish US Federal Reserve")
Oil falls back after jumping on hopes of Russia, OPEC cooperation
US crude dips to $31.97, while Brent eases 26 cents to $32.84
Apply GST on factory price of textiles: Industry
Industry recommends GST on ex-factory price which stands much lower than the MRP
 "Apply GST on factory price of textiles: Industry")
Saudi lifts ban on green chilly imports from India
Its authorities had imposed a temporary ban in May 2015 on sub-standard quality of goods shipped by Indian exporters
 "Saudi lifts ban on green chilly imports from India")
Bright prospects for gold in 2016: Survey
India's demand for jewellery and investment in the Dec 2015 quarter at multi-year high