Page 513 - Commodity News

Gold falls by 0.1% in futures trade on weak global cues

Participants reduced their positions, largely in line with a weak trend overseas

UP millers say crushing unviable in coming season

In a letter to the Union food secretary, UP Sugar Mills Association has said the industry is passing through its "worst financial crisis ever"

Govt notifies norms for metallic scrap imports

Rajasthan relaxes pulses' stock limit; FMC might intervene

Deadline has extended by a week to July 15, stock limit has been revised upwards to 400 tonnes

Govt cuts gold, silver import tariff value

Import prices of gold has been reduced to $382 per gram, silver $516 per kg

Crude oil down 0.5% on Asian cues

Oil for delivery in July shed 0.56%

Cardamom down 0.2% on profit-booking

Spice for delivery in August contracts shed 20 paise, or 0.02%

Turmeric futures rise as demand picks up

Spice for delivery in August contracts traded higher by 0.77%

Jeera up 1% on tight supply

Spice for delivery in August contracts gained 0.93%

Nickel futures extend weakness, down 0.57%

Crude palm oil futures decline on sluggish spot demand

Sugar futures slide 0.23 per cent on ample supply

Trimming of positions by speculators following ample stocks at the spot market on persistent supplies from mills led to the fall

Spot demand pushes up mentha oil in futures trade

Spot demand lifts chana futures, climb 1.92%

Expectations of lower output this year also supported the upward movement.

Oil prices drop as Greece defaults and output soars

Greece's default pushed up the dollar versus the euro, with the stronger greenback pressuring crude prices

Govt may impose 10% import duty on wheat

Despite bumper production, miller and traders are importing wheat due to lower global prices and lack of high-quality grains in domestic markets

FMC okays selection panel for MCX chief

The post has been lying vacant for 14 months after Shreekant Javalgekar left

CCEA may extend ban on onion hoarding by 1 year

The validity of the order, that empowers states to impose stock limits on traders for holding onion and ban hoarding beyond the set limit, expires on July 2

NCDEX planning to add more commodities in mini contracts

The exchange has seen over 5,000 new clients trade in minis on the exchange platform

Gold import may fall as dealers sell at discount

Dealers are selling gold at a discount of Rs 175 for 10 gm to jewellery manufacturers to fulfil banks' payment commitments