Page 465 - Commodity News

Rajkot kitchenware sector attempts to re-build brand

Some kitchenware manufacturers are focusing on marketing their brands by sponsoring cookery shows on regional TV channels

Gold stages comeback, erases 2015 losses

Prices reach 3-month high on New York Comex

Palm oil down 0.5%, hurt by low spot demand

Oil for delivery in October weakened by Rs 2.30, or 0.53%

Chana down 0.7% on profit-booking

Commodity for delivery in November moved down by Rs 28, or 0.53%

Cardamom falls by 0.6% on profit-booking

Speculators booked profits at prevailing higher levels amid easing demand in the spot market

Jeera futures down 0.88% on decline in demand

Jeera for delivery in October fell Rs 145, or 0.88%, to Rs 16,275 per quintal, with an open interest of 75 lots

Mentha oil futures remain up on rising demand

Mentha oil prices were up by 0.15% to Rs 867.40 per kg in futures trade today as speculators engaged in enlarging their positions

Silver futures rise on firm global cues

Silver for delivery in December was trading higher by Rs 21, or 0.06%, at Rs 37,596 per kg in business turnover of 2,054 lots on the MCX

Aluminium gains by 0.1% on spot demand

Speculators enlarged positions even as metal weakened overseas

Nickel up 0.44% on global trend

Besides, rising demand from alloy makers in the spot markets, supported the upside

Copper gains by 0.4% on positive global cues

Pick-up in spot demand also helped prices

Oil prices mixed in Asia as supply worries return

Increased production by the OPEC cartel bolstered expectations a supply glut will persist well into next year

Jewellery drives incremental gold demand

Its share in total demand increases from 62% two years ago to 77%

Dependence on edible oil import might rise to 68%

Imports in 2014-15, say trade estimates, could rise to 14.1 mt

Meet to discuss poor supply of ethanol

Scheduled for October 19, the meeting will be attended chief secretaries of sugarcane producing states and industry representatives

Haryana conducts survey on cotton crop loss

State govt says usual formula for compensation was Rs 12,500 an acre for 100% damage that could be raised in case of cotton

Iron ore import might fall to 5 mt

Increase in local availability at lower price will bring down imports to a third of FY15 levels

Indian drought rains bounty for Canadian pulses growers

Canada is the top supplier of pulses to India, which is expected to import 1 million tonnes more this year

Gold tops Rs 27,000 on global cues, jewellers buying

Silver recovered by Rs 500 to Rs 37,300 per kg on increased offtake

Mentha oil up by 0.7% on spot demand

Restricted supplies from producing belts also helped prices