Page 522 - Commodity News
Promissory note replaces paper note system in diamond trade
New system aimed at formalising trade pacts to check defaults
 "Promissory note replaces paper note system in diamond trade")
UP sugar mills fail to comply with HC order over arrears' payout
Mills fail to comply with HC order to pay 25% of arrears to sugarcane farmers by June 15
 "UP sugar mills fail to comply with HC order over arrears' payout")
Maggi ban: Flour millers recall maida supplied to Nestle
According to sources, around two dozen flour mills with its maida supply dedicated to Nestle have stopped production
![Maggi ban: Flour millers recall ,[object Object], supplied to Nestle](https://bsmedia.business-standard.com/_media/bs/img/article/2015-06/09/full/1433794854-2749.jpg?im=FeatureCrop,size=(328,185) "Maggi ban: Flour millers recall ,[object Object], supplied to Nestle")
Kerala seeks Rs 500 cr aid from centre for rubber procurement
The state government plans to procure 50,000 tonnes of rubber at a price tag of Rs 150/kg
 "Kerala seeks Rs 500 cr aid from centre for rubber procurement")
Silver down 0.4% on global cues
Metal for delivery in September declined by 0.39%
 "Silver down 0.4% on global cues")
Gold weakens on sluggish demand; silver remains up
Yellow metal sheds Rs 15 to Rs 27,165 per 10 grams in NCR; silver up Rs 230 to Rs 37,280 a kg
 "Gold weakens on sluggish demand; silver remains up")
Chana up 0.9% spot demand
Commodity for delivery in July contracts traded higher by 0.53%
 "Chana up 0.9% spot demand")
Sugar up 0.9% on rising demand
Commodity for delivery in July contracts gained 0.78%
 "Sugar up 0.9% on rising demand")
Mentha oil up 1% on tight supply
Oil for delivery in July contracts traded higher by 0.86%
 "Mentha oil up 1% on tight supply")
Refined soya oil up 0.4% on spot demand
Oil for delivery in June contracts traded higher by 0.31%
 "Refined soya oil up 0.4% on spot demand")
Castorseed up 0.7% on short covering
Delivery in June contracts was up by 0.53%
 "Castorseed up 0.7% on short covering")
Crude palm oil up 0.78% on rising demand
Restricted supplies from producing regions sustain uptrend
 "Crude palm oil up 0.78% on rising demand")
Cardamom dips 0.45% on profit-booking
Speculators exit as demand in the spot market eases
 "Cardamom dips 0.45% on profit-booking")
Aluminium rises by 0.2% on overseas cues
Participants enlarged positions amid a firming trend overseas
 "Aluminium rises by 0.2% on overseas cues")
Copper rose by 0.3% on global cues
Speculators widened bets amid a firming trend overseas
 "Copper rose by 0.3% on global cues")
Crude oil rises by Rs 38 per barrel
Marketmen said the rise in crude oil futures is largely in tune with recovery in Asian trade, thanks in part to a softer dollar
 "Crude oil rises by Rs 38 per barrel")
Oil prices recover amid Greece, supply worries
Greece and its creditors are locked in a stalemate after loan talks collapsed over the weekend
Vegetable prices on the boil
Expected delay in harvesting might keep commodities elevated for a month
 "Vegetable prices on the boil")
Shouldn't India, like China, consider buying Australian iron ore assets?
Chinese iron ore production this year is likely to fall below 200 mt from 240 mt in 2014
 "Shouldn't India, like China, consider buying Australian iron ore assets?")
 "Spices export up 9% in 2014-15")