Page 426 - Commodity News

Copper up by 0.7% on global cues

Pick up in spot demand at the domestic markets also affected prices

Oil prices rebound in Asia but glut woes remain

The battered commodity has taken a hammering so far in 2016, with both main contracts already down about 25%

Oil prices stabilise, but market sentiment remains bearish

Brent was trading up 37 cents at $28.25, while WTI crude rose 31 cents at $28.66 per barrel

Vietnam lifts ban on Indian groundnut import

Development is significant as Vietnam contributed 26% of overall groundnut exports worth at Rs 1,251 cr in 2014-15

Base metals fall on demand worry

Slide follows broad fall in equity markets; bullion gains

Oil rout deepens as glut pushes US crude to new lows

US crude oil dropped more than 4% in early trading, falling to as low as $27.32 a barrel

Cardamom down 1.3% on ample stocks

Spice for delivery in February traded lower by Rs 9.20, or 1.20%

Sugar up 0.3% amid rise in spot demand

Commodity for delivery in May contracts gained Rs 9, or 0.27%

Chana up 0.3% as demand picks up

Commodity for delivery in far-month April edged up by Re 1, or 0.02%

Mentha oil down 0.4% on subdued demand

Adequate stocks on higher supplies from producing regions also affected prices

Copper falls by 0.3% on global cues

Besides, muted spot demand from consuming industries fuelled the downtrend

Lead down by 0.9% as global trend weakens

Low domestic demand also affected prices

Oil falls more than 2% on surplus worries; US crude drops towards $27

The plunge comes after International Energy Agency warned that oil markets could 'drown in oversupply' in 2016

US crude falls below $28; IEA warns market could drown 'in oil'

The last time WTI closed below $28 was in September 2003

Sugar output increases 7% on higher crushing

Sugar mills in Maharashtra lead the roost with 4.4 mn tonnes production

Govt lifts ban on lentil linked to paralysis as Modi seeks self-sufficiency

Hit by back-to-back droughts first time in over three decades, lentil output has fallen and prices have nearly doubled

Lead rises by 0.7% on spot demand

Positive cues from the global market also helped prices

Chana falls by 0.7% on muted demand

Low demand in the domestic spot markets also affected prices

Mentha oil rises by 0.2% as demand picks up

Restricted supplies from producing regions also influenced prices

Zinc up by 0.9% on global cues

Besides, increased demand from consuming industries in the spot market supported the uptrend