Page 519 - Commodity News

Palm oil up as demand picks up

Oil for delivery in June contracts gained 0.20%

Aluminium up by 0.1% on global cues

Further, a rising demand at the domestic spot market also influenced metal prices

Mentha oil falls by 0.3% on sluggish demand

Speculators trimmed positions, taking negative cues from spot market on subdued demand from consuming industries

Cardamom rises by 0.7% on spot demand

Speculators created fresh positions, supported by a pickup in demand at the spot market

India's cement sector not out of the woods yet

FY16 could be another bad year for the sector

Why MSP hike in pulses means little

Minimum support price up almost 50% in last five years but production not rising

Govt proposes to raise Rs 13,500 crore by sovereign gold bonds

Scheme draft says govt will bear price risk, investors will be paid back in gold price with interest

Gold gains 1% as Fed stays cautious on rate rises

Prices have come under pressure this year from expectations that rates will soon rise for the first time in nearly a decade

Indian High commission raises alarm over cashew import frauds from Tanzania

Holds meeting with Cashewnut Board of Tanzania to avert such frauds ahead of the procurement season

Chana down 1.6% on profit-booking

Commodity for delivery in June contracts fell by 1.36%

Sugar softens by 0.4% on ample supply, low demand

Also, reports of higher output estimates this marketing year kept pressure on sugar prices

Mentha oil rises by 0.4% on spot demand

Speculators built-up positions, supported by rising demand from consuming industries at the spot market

Cardamom dips by 0.7% on profit-booking

Furthermore, adequate stock in the physical market on higher supplies from producing belts influenced cardamom prices

Nickel up by 0.4% on global cues

Besides, rising demand at domestic spot markets supported the upside

Lead gains by 0.2% on spot demand

The metal's gain in overseas market also influenced lead prices in futures trade.

Copper firms up on global cues

At the Multi Commodity Exchange, copper for delivery in June contracts rose by 0.65%

Silver futures rise by 0.3% on global cues

Speculators created fresh positions amid a firming trend in overseas markets

Gold gains by 0.2% powered by global cues

Speculators created fresh bets amid positive cues from global markets

Govt raises import duty for long and flat steel products; stocks up

Experts believe that the rise in import duty would certainly help Indian steel producers counter cheap imports from the countries like China

Three sugar companies unfit for interest-free loan

Bajaj Hindustan, Mawana and Simbhaoli pay less than statutory requirement of 50%