Page 440 - Commodity News
China's billet exports scalding global steel scrap demand
Supply from local sources continues to fall short compared to requirements, giving a push to imports of steel scrap
 "China's billet exports scalding global steel scrap demand")
Pulses prices might rise again: Report
In October, prices had shot up sharply due to alleged cartelisation by traders
 "Pulses prices might rise again: Report")
Veg oil import up 13% in November on rising consumption
Hits domestic oilseed crushing and refining industry hard
 "Veg oil import up 13% in November on rising consumption")
Oil nears 11-year lows
Oil markets tank as producers threaten new price wars; Brent trades 13 cents above 2008 crisis lows
 "Oil nears 11-year lows")
Gold rebounds on renewed offtake, silver slides
Standard gold climbed by Rs 115 to finish at Rs 25,345 per 10 grams
 "Gold rebounds on renewed offtake, silver slides")
Delay in sowing may affect tobacco yield in Andhra
Tobacco board has reduced crop size for 2015-16 season to 120 million kg from last season's 170 million
 "Delay in sowing may affect tobacco yield in Andhra")
Palm oil imports jump by 10% in November: SEA
To curb cheaper imports, SEA has asked Centre to hike import duty on refined edible oils to 27.5% from 20% at present
 "Palm oil imports jump by 10% in November: SEA")
Sugar rises by 2.2% on pick up in demand
Traders built up fresh positions, triggered by increase in demand
 "Sugar rises by 2.2% on pick up in demand")
Mentha oil up by 0.2% on pick up in demand
Restricted supplies from Chandausi in Uttar Pradesh also influenced prices
 "Mentha oil up by 0.2% on pick up in demand")
Chana down by 0.4% on higher supplies
Subdued demand also affected prices
 "Chana down by 0.4% on higher supplies")
Silver down by 0.3% on weak global cues
Market analysts said a weak trend in precious metals in global markets largely kept pressure on silver futures
 "Silver down by 0.3% on weak global cues")
Cardamom down by 0.5% on sluggish demand
Besides, adequate stocks position on higher supplies from producing regions put pressure on cardamom prices
 "Cardamom down by 0.5% on sluggish demand")
Gold falls down by 0.3% in futures trade
Participants cut down their bets, largely in line with a weak trend overseas
 "Gold falls down by 0.3% in futures trade")
Crude palm oil falls by 0.5% on adequate stocks
Participants reduced positions, triggered by ample stocks at spot market amid muted demand
Copper up by 0.2% on global cues
Speculators enlarged bets, largely in step with a firming trend in base metals at the London Metal Exchange (LME)
 "Copper up by 0.2% on global cues")
Gold to remain volatile as Fed meeting looms
After initial knee-jerk reaction, bullion may settle with limited upside potential
Centre to control Bt cotton seed prices by fixing MRP
National Seed Association of India welcomes the decision but Monsanto expresses disappointment
 "Centre to control Bt cotton seed prices by fixing MRP")
Gold surges by Rs 290 on global cues; reclaims Rs 26,000-level
However, silver remained weak and lost Rs 200 at Rs 33,850 per kg on reduced offtake by industrial units and coin makers
 "Gold surges by Rs 290 on global cues; reclaims Rs 26,000-level")
Gold trading volume up on NCDEX
Total volume of trade was reported at 9.6 tonnes in both gold and gold hedge contracts in Nov