Page 423 - Commodity News

Oil falls as rising inventories wipe out optimism over supply

Brent crude fell 55 cents to $31.25 a barrel

Saudi Arabia lifts ban on import of green chilli from India

Ban had been imposed in May 2015 due to non-conformity to European standards set by Saudi's phytosanitary authority

Gold near 12-week up as dollar slips ahead of Fed statement

The US central bank is widely expected to keep key rates unchanged at the conclusion of its two-day meet

Silver futures up by 1.6% on firm global cues

Participants built fresh bets amid a firm trend in precious metals overseas

Gold futures up by 1.4% on global cues

Speculators widened their bets, tracking a firming trend overseas

Crude palm oil rise by 1.2% on high demand

Traders enlarged speculative positions following rise in demand at the spot markets

Cardamom gains by 0.9% on rising demand

Speculators enlarged their positions amid rising demand in the spot market

Aluminium up by 1.2% on global cues

Rising spot demand in the domestic markets also influenced prices

Mentha oil falls by 0.6% on profit-booking

Speculators booked profits amid subdued spot demand

Nickel up by 1.5% on firm spot demand

Speculators widened their bets, tracking a firm trend in the spot market on increased demand

Zinc futures up Rs 4.20 per kg on global cues

Zinc for delivery this month surged Rs 4.20 or 4.07% to Rs 107.35 per kg

World Bank slashes 2016 oil price forecast to $37

Lowers forecast by $14 stating that weak demand from emerging markets is likely to continue

China shares stumble as oil slips back below $30 a barrel

Shanghai Composite down 2.1% at midsession interval, CSI300 index of largest firms in Shanghai and Shenzhen falls 1.8%

Will JSW still opt for a steel-related project at Salboni?

Sebi sets up panel for commodity market

Bullion bank for gold scheme suggested

TDS issue and efficiency of collecting centres are some of the hurdles for mobilising idle gold

Aluminium makers demand ban on bauxite exports

Bauxite is chiefly exported to China which adds value to the raw material and dumps it back in the form of aluminium and other finished products

Oil prices tumble 4% on swelling oversupply

Record-high oil production by Iraq sends Brent down to $30.83, while US crude falls to $31.04

Chana up 0.7% on rise in demand

Commodity for delivery in far-month May traded higher by Rs 28, or 0.64%

Mentha oil down 0.4% on low demand

Oil for delivery in far-month February contracts traded lower by Rs 3, or 0.34%