Page 495 - Commodity News
Silver down 0.3% as global trend weakens
Metal for delivery in September was down Rs 86, or 0.25%
 "Silver down 0.3% as global trend weakens")
Mentha oil down by 0.3% on sluggish demand
Adequate stocks position on higher supplies also affected prices
 "Mentha oil down by 0.3% on sluggish demand")
Nickel falls by 0.6% on weak global cues
Subdued demand from alloy-makers at the spot market also weighed on metal prices
 "Nickel falls by 0.6% on weak global cues")
Lead down by 0.3% as global trend weakens
Participants reduced exposure amid a weak trend overseas and sluggish domestic demand
 "Lead down by 0.3% as global trend weakens")
Copper falls by 0.2% as China devalues currency
Speculators trimmed positions amid a weak trend in global markets after China devalued its currency
 "Copper falls by 0.2% as China devalues currency")
Rubber output could plunge 15% to lowest in nearly two decades
Production to fall as farmers have suspended tapping due to falling prices
 "Rubber output could plunge 15% to lowest in nearly two decades")
Government drops plan to use gold deposits as part of CRR, SLR
According to sources, RBI had argued against using gold deposits as CRR
 "Government drops plan to use gold deposits as part of CRR, SLR")
 "Mining, alumina focus ring-fences Nalco profits")
 "Govt mulls sugar export to China under preferential quota")
Vedanta in Goa: Accountant General questions legality of lease renewals
The directorate of mines and geology renewed 88 leases between November 2014 and January 2015
 "Vedanta in Goa: Accountant General questions legality of lease renewals")
Wagh Bakri to diversify into tea plantations, coffee
Company is on the lookout for gardens in Assam
 "Wagh Bakri to diversify into tea plantations, coffee")
Gold shines despite price fall
Despite prices having fallen in each of the past three years, gold has over a 10-year horizon outperformed equity if the Sensex/Nifty are taken as benchmarks
 "Gold shines despite price fall")
Castorseed down 1% on weak trend in spot market
Delivery in September month contracts surrendered 1.36%
 "Castorseed down 1% on weak trend in spot market")
Palm oil down 0.6% on higher supply
Oil for delivery in September contracts traded lower by 0.50%
 "Palm oil down 0.6% on higher supply")
Mentha oil down 1.1% on profit booking
Oil for delivery in August contracts declined by 1.07%
Jeera up 0.6% on pick up in spot demand
Spice for delivery in August contracts traded higher by Rs 80, or 0.55%
 "Jeera up 0.6% on pick up in spot demand")
Cardamom up 3% on strong demand
Spice for delivery in September contracts edged up by 0.50%
 "Cardamom up 3% on strong demand")
Sugar up 2% on rising spot demand
Commodity for delivery in December was up by Rs 56, or 2.35%
 "Sugar up 2% on rising spot demand")
Crude oil down by 1.2% on weak Asian trend
Speculators trimmed positions amid a weakening trend in Asian trade
 "Crude oil down by 1.2% on weak Asian trend")
Copper weakens by 0.2% on global cues
Speculators reduced positions amid a weak trend in global markets