Page 529 - Commodity News

Zinc softens by 0.32%, in line with global trend

The metal for delivery in July contracts softened by 0.11%

Mentha oil extends gains, up 0.38%

Restricted arrivals from Chandausi in Uttar Pradesh fueled the uptrend

Cardamom slumps 0.54% on low spot demand

The spice for delivery in June contracts shed 0.29%

Nickel slips on subdued demand

Analysts said the fall in nickel prices was mostly in line with a weakening trend in metal overseas after the Organization for Economic Cooperation and Development cut its global growth forecast

Lead slips by 0.16%, hurt by muted demand

According to analysts, a sluggish demand from battery-makers at the London Metal Exchange maintained pressure on lead futures

Vegetable prices rise on heat, less rain forecast

During August- September, if sowing does not pick up vegetable prices might rise further to cover seasonal demand

Brazil winner as poultry-feed sales collapse in India

Exports from India set to decline to 1.2 mn tonnes in the year started Oct 1 and drop to negligible levels by 2020 as domestic demand surges and the harvest stagnates

Will the gold for cash scheme pay off?

The monetisation plan has been well received but needs additional measures

Agriculture ministry preparing for less rain

Encourages states on short-duration and less of rain-dependent crops, pushes seed availability in case of re-sowing as IMD predicts deficit in rainfall this year

Palm oil down 0.3% on decline in demand

Oil for delivery in July contracts traded lower by 0.28%

Refined soya oil down 0.4% on adequate stocks

Oil for delivery in June contracts shed 0.20%

Chana up 0.4% on spot demand

Commodity for delivery in June contracts was trading higher by 0.28%

Sugar rises by 0.87% on spot demand

The sweetner for delivery in October contracts traded higher by 0.85%

Cardamom rise 0.35% on demand surge

The spice for delivery in July contracts also edged up by 0.17%

Zinc up 0.14% on overseas cues, spot demand

Copper and other base metals supported the upside in zinc prices

Crude oil falls 0.68% on global cues

Marketmen said the fall was mostly in step with a weakening trend in Asian trade today

Steel traders urge govt to repeal quality control order

Say the move restricts imports, which is essential for lower manufacturing costs

Gems & jewellery export down 20% in April

There has been substantial disparity between the prices of rough diamonds and those of polished ones

Heat wave delays kharif sowing

Farmers have been advised to sow shorter-duration rice varieties

India's steel consumption expected to rise 8-9% in FY16: SAIL

India saw its consumption of total finished steel grow 3.1% to 76.4 million tonnes in the last financial year, from 74.1 mt in 2013-14