Page 527 - Commodity News

No dairy exports to Russia, for now

Stringent new conditions make it impossible for Indian dairy co-operatives to export

Long-term seaborne supply surplus clouds iron ore outlook

A Citigroup report says global ore demand is likely to contract by more than 60 mt during 2018-25

Cotton Association cuts 2014-15 crop estimate

Textile makers face pressure of cheap Chinese import

Urges the govt to remove 12.5% tax on yarn

Mentha oil up 1.3% on industrial demand

Oil for June contract traded higher by 1.16%

Silver futures gain on global cues

Analysts said speculators created fresh positions in step with a firming global trend, pushing silver prices

Maida price up, moong dal and sugar down on opening day

Thoor dal, Urad dal, Gram Dal, Wheat and Sooji opened this week at its previous rates

Cardamom firms up 0.64% on higher demand

Tight stock position in physical market on restricted arrivals from producing regions supports uptrend

Gold futures rise Rs 102 on global cues

At the Multi Commodity Exchange, gold for delivery in August rose by 0.38%

Crude oil climbs up by 0.53%

The oil for delivery in July also rose by 0.47%

Zinc marginally up on spot demand

At Multi Commodity Exchange, zinc for delivery in July edged up by 0.11%

Nickel up by 0.28% on firm demand

The metal for delivery in June rose by 0.25%

Copper edges up, tracking global cues

At the Multi Commodity Exchange, copper for delivery in June traded higher by 0.35%

Lead advances 0.29% driven by spot demand

Analysts said rising demand from battery makers influenced lead prices

Steel prices may stay under pressure in FY16: Moody's

Government's decision to resume mining will aid in reducing pressure

Maha co-operative sugar factories to meet CM on June 10 for aid

Ex-mill price has crashed to Rs 2,100 per quintal and factories are struggling to dispose of their stock ahead of the rainy season

Mixed trend for foodgrains prices

Prices of moong dal and gram dal increased while that of maida decreased in the wholesale foodgrains market in Chennai last week. Opening the week at Rs 11,000, moong dal was up by Rs 200 per qu

Study suggests dip in cotton sowing

The price of raw cotton (kapas) declined to around Rs 800 per 20 kg in December 2014 in various markets

Oilmeal exports halve in May on high price, low pick up

Other markets, like Vietnam and Bangladesh, have set up oilseed crushing units to generate meal on their own

Gold hits one-month low on weak global cues, low demand

Sheds Rs 200 to trade at Rs 27,000 per 10 grams in NCR, Silver plunges by Rs 1,000 to Rs 37,400 per kg