Page 448 - Commodity News

Rabi oilseeds sowing at five-year low as on mid-November

The fall in rabi oilseed sowing is also an impact of better price expectation among farmers who shifted to pulses this year

Gold recovers on wedding season buying; global cues

Silver also rebounded by Rs 350 to Rs 34,150 per kg on increased offtake by industrial units and coin makers

Higher temperatures delay wheat planting in India

Hailstorms during harvest earlier this year dragged down annual production levels for the first time since 2007

Crude palm oil up by 0.7% on spot demand

Speculators created fresh positions amid a firming trend at the spot markets on rising demand from consuming industries

Mentha oil falls by 0.5% on muted demand

Traders reduced positions owing to slackened demand from consuming industries in the spot market

Zinc up by 0.1% on spot demand

Participants enlarged positions amid a firming trend at the spot markets on better domestic demand

Aluminium up by 0.4% on global trend

Increased demand at domestic spot markets also influenced prices

Cardamom up by 0.8% on firm demand

Restricted arrivals from producing regions also affected prices

Lead down by 0.2% as global trend weakens

Participants reduced exposure amid a weak trend overseas and sluggish domestic demand

Poultry farmers in a soup over higher input costs

Falling rural demand worsens situation

Oil prices up in Asia ahead of OPEC meeting, US report

Impact of Saudi Arabia's comments on stabilising oil prices was muted because there was no firm signal to slash production

Govt spending key for revival of Indian steel sector: Fitch

The agency projected that high imports and soft steel prices globally in 2016 are likely to result in continuing profitability pressures for the Indian steel producers

Steel prices react to Chinese exports deluging world market

The global steel crisis is largely due to an overcapacity estimated at 600 mt by the rich country club the OECD

New packaging rules may cost jute industry Rs 2,000 cr

The projected deficit in jute packaging material is pegged at 0.14 million bales (one bale is 180 kg)

New high-yield arhar variety could solve pulses shortage

Because of low yields, pulses accounts for less than 10% of India's annual foodgrains output, though it occupies 20% of area under foodgrains

Gold drops towards six-year low on dollar, U.S. rate hike view

A strong US currency makes dollar-denominated gold more expensive for foreign holders

Oil tumbles as strong dollar, oversupply weigh on investors

Oil prices were dented by the rise in the US dollar to seven-month highs; analysts see more losses triggered by a supply-demand mismatch

Cardamom up by 2.6% on rising demand

Tight supplies from producing belts also affected prices

Silver down by 0.6% on weak global cues

Traders said the fall in silver prices at futures trade was largely in line with a weak trend in precious metals in global markets

Chana down by 1.3% on higher supplies

Participants reduced exposure, triggered by higher supplies in the spot markets