Page 485 - Commodity News
Oil prices rally with equities, overriding inventory rise
Over the past two weeks, US crude has see-sawed, climbing 27.5% over three trading sessions to Monday's close
 "Oil prices rally with equities, overriding inventory rise")
Tyre companies on profit highway
Rising demand, lower input cost fuel profit
 "Tyre companies on profit highway")
Freight rate cut could boost iron ore exports: Traders
As per trade estimate more than 30 million tonne iron ore fines are stacked in Odisha
 "Freight rate cut could boost iron ore exports: Traders")
Caustic soda makers say anti-dumping duty won't help much
This, as domestic prices are lower than that in international markets
 "Caustic soda makers say anti-dumping duty won't help much")
Mentha oil gains 0.32% on pick-up in demand
Traders create fresh positions as lower arrivals from Chandausi in Uttar Pradesh support uptrend
 "Mentha oil gains 0.32% on pick-up in demand")
Nickel up by 0.6% on global cues
Rising demand at spot markets from alloy-makers also supported the upside
 "Nickel up by 0.6% on global cues")
Crude palm oil up by 0.4% on rising demand
Speculators enlarged their positions, driven by rising demand in the spot market
 "Crude palm oil up by 0.4% on rising demand")
Cardamom falls by 1.7% on profit-booking
Speculators booked profits at prevailing higher levels amid subdued demand in the spot market
 "Cardamom falls by 1.7% on profit-booking")
Gold slips by 0.2% in futures trade on global cues
At the Multi Commodity Exchange, the October contract of gold fell by Rs 47
 "Gold slips by 0.2% in futures trade on global cues")
Oil dips in Asia after mixed US report
A mixed US petroleum report that showed an increase in reserves but a dip in production
Gold imports jump 40% in eight months
Increase in demand at lower prices leading to 100 tonnes imports in August
 "Gold imports jump 40% in eight months")
UP sugar mills to get booster shot of Rs 3,200 cr
Centre had announced a soft loan scheme of Rs 6,000 cr to beleaguered sugar industry
 "UP sugar mills to get booster shot of Rs 3,200 cr")
Govt to pay agencies Rs 113.40 cr for losses on pulses import
This will enable PSUs like NAFED, STC, MMTC to be financially sound to intensify trading to cool down prices of essential commodities
 "Govt to pay agencies Rs 113.40 cr for losses on pulses import")
Sugar industry opposes ban on cane crushing in drought hit Marathwada
Also suggest making drip irrigation mandatory for cane cultivation
 "Sugar industry opposes ban on cane crushing in drought hit Marathwada")
Tamil Nadu sells onion at Rs 55 a kg through fair price shops
Move comes on backdrop of increasing onion prices in country
 "Tamil Nadu sells onion at Rs 55 a kg through fair price shops")
Gold halts three-day rally; slips Rs 60 on weak global cues
Silver sheds Rs 150 to Rs 35,000 per kg on reduced offtake by industrial units and coin makers
 "Gold halts three-day rally; slips Rs 60 on weak global cues")
Nickel rises 0.72% on industrial demand
However, gains are limited due to slide in base metals on LME, following weak US manufacturing data
 "Nickel rises 0.72% on industrial demand")
Silver down by 0.4% on weak global cues
Speculators trimmed positions amid a weakening trend overseas
 "Silver down by 0.4% on weak global cues")
Cardamom up by 0.4% on rising demand
Restricted supplies from producing belts at spot markets also supported the upside
 "Cardamom up by 0.4% on rising demand")
Zinc falls by 0.4% on weak global trend
Speculators reduced their positions, in tandem with a weak global trend
 "Zinc falls by 0.4% on weak global trend")