Page 446 - Commodity News

Metals makers worried as metallurgists migrate to other vocations

Spices Board signs MoU for pepper futures in Vietnam

The board and VPA are in touch with MCX and NCDEX for starting the trade there

Coal miners switch to turmeric farming

Meghalaya produces over 8,000 Metric ton of turmeric in a year

Govt cuts tariff value on gold, silver

Import tariff value has been slashed on gold and silver to $344 per 10 grams and $461 per kg respectively

Uptick in demand lifts chana futures by 1.3%

Tight stocks position on restricted supplies from producing region supported the upside

Mentha oil marginally falls on subdued spot cues

Participants engaged in reducing their positions, taking negative cues from spot market on sluggish demand

Crude palm oil down by 0.4% on muted demand

Higher supplies from growing regions also affected prices

Zinc down by 0.7% on lower global trend

Muted demand at domestic spot market also affected prices

Brent crude dips on firm dollar ahead of OPEC meeting

Oil prices are heading for declines of as much as 10% this month, with a supply glut showing no signs of easing

Silver futures falls by 0.3% on weak global cues

Speculators lightened their positions amid weakening trend overseas

Gold down by 0.4% in futures trade on weak global cues

Participants trimmed positions, largely in tune with a weak trend overseas

Copper declines by 0.9% on global cues

Further, subdued spot demand from consuming industries fuelled the downtrend

Nickel down by 1% on weak global cues

Subdued demand at the domestic spot markets also affected prices

Oil prices trade below $42 in Asia

The market has eyes set on an OPEC meeting and the release of data on China's important manufacturing sector later in the week

Gold poised for worst monthly dip in 2-1/2 years

Gold was trading close to its lowest level in nearly 6 years and was poised to record its worst monthly slide in 2-1/2 years on prospects of a US interest rate hike

Commodity picks

From this price, prices are expected to correct further due to recent stock limit order by the government of Rajasthan on seed and oil

Nationwide protest over stock limits on pulses

Traders threaten to stop buying, seek release of seized stocks

Global agri prices to rise in first half of 2016

This despite global inventories being at very high or even record levels

Gold at near-6-year low, set for 6th straight weekly drop

Spot gold fell 0.7% to $1,063.75 an ounce, its lowest since February 2010

Pace of wheat sowing to pick up in coming days: Govt

Sowing of wheat, the main rabi crop, starts in October and harvesting begins in April