Page 508 - Commodity News

Nickel down 0.8% on global trend

Globally, the metal lost as much as 2.3%

Mentha oil falls by 0.8% on profit-booking

Speculators locked in gains at prevailing levels amid slackened spot demand

Crude palm oil up by 0.6% on rising demand

Fresh positions created by speculators following rising demand at spot market, mainly influenced prices

Kenyan drought brews good times for Assam tea

Demand for Assam tea already up by 5-7%

Darjeeling tea facing competition from Nepal

Demands switch because of lower prices; local growers also dealing with export and currency exchange problems

Opec sees more balanced oil market in 2016

Oil down as looming Iran N-deal promises more supply

Taming imports precondition for improving steelmakers' viability

India will need to build world-class infrastructure in its march to become a developed country

MCX launches globally linked gold contract

Contract would help bullion dealers and jewellers to hedge their risk

FCI's wheat procurement falls to 27.6 MT this year

The central nodal agency had set the wheat procurement target of 30 MT for this season

Steel imports up 50% in Q1; consumption up 7.1%

In the fiscal 2014-15, imports grew 71% to 9.32 MT compared to 2013-14, making India a net importer of the metal

Gold edges up on jewellers' buying; silver falls on low demand

Traders said the rise in gold prices was attributed to scattered buying by jewellers but the metal's weakness overseas, limited the gains

Zinc down by 1% on global cues

Speculators reduced their exposure, tracking a weak trend overseas

Lead down by 0.7% on global cues

Subdued demand at domestic spot markets from battery makers also put pressure on prices

Mentha oil falls by 1.4% on profit-booking

Adequate stock position in the physical market on higher arrivals from producing belts also hastened the downtrend

Cardamom up by 1% on spot demand

Rising demand at spot markets against restricted arrivals from producing regions influenced cardamom prices

Crude oil falls by 1% on weak Asian cues

Traders trimmed positions amid a weakening trend in Asian trade

Copper falls by 1.3% on weak global cues

Speculative selling amid a weak trend in base metals overseas affected prices

Nickel falls by 2.1% on overseas cues

Speculative selling due to a weak trend in base metals overseas affected prices

Oil prices down in Asia as Iran deal looms

A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market