Page 530 - Commodity News
Heat wave delays kharif sowing
Farmers have been advised to sow shorter-duration rice varieties
 "Heat wave delays kharif sowing")
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
 "India's steel consumption expected to rise 8-9% in FY16: SAIL")
Nickel down 0.4% on subdued spot demand
Metal for delivery in July traded lower by 0.39%
Chana down 1.8% on profit-booking
Commodity for delivery in July contracts traded lower by 1.35%
 "Chana down 1.8% on profit-booking")
Palm oil down 0.2% on subdued demand
Oil for delivery in June contracts shed 0.15%
 "Palm oil down 0.2% on subdued demand")
Cardamom down 0.5% on low demand
Spice for delivery in June contracts traded lower by 0.26%
 "Cardamom down 0.5% on low demand")
Coriander down 3.9% at Rs 12,523
Adequate stocks in the market on higher supplies from producing region put pressure on coriander prices
 "Coriander down 3.9% at Rs 12,523")
Copper up 0.6% on spot demand
Metal for delivery in August edged up by 0.64%
 "Copper up 0.6% on spot demand")
Zinc up 0.3% on overseas cues
Marketmen said improved demand in the spot market influenced zinc prices
 "Zinc up 0.3% on overseas cues")
Aluminium up 0.6% on spot demand
Metal for delivery in June traded higher by 0.27%
 "Aluminium up 0.6% on spot demand")
FMC asks MCX to increase shareholder representation on Board
Earlier, FMC had also rejected the exchange's choice of MD
 "FMC asks MCX to increase shareholder representation on Board")
A JV to curb import of high-grade auto steel
In the US, manufacturers must ensure five per cent annual improvement in vehicle fuel efficiency by 2025; failure to adhere to this will draw stiff penalties
 "A JV to curb import of high-grade auto steel")
India's textiles exports up 5% in 2014-15
Textiles and clothing exports were recorded at $41 bn as against $39.31 billion in FY14
 "India's textiles exports up 5% in 2014-15")
Chicken prices surge to record as heat wave kills millions of birds
Bird mortality rate, usually 2-3% during summer, rose to 10% last month amid the scorching heat
 "Chicken prices surge to record as heat wave kills millions of birds")
Import tariff value on gold, silver cut
Govt slashed the import tariff value of gold to $385 per 10 grams
 "Import tariff value on gold, silver cut")
Castorseed up 0.9% driven by spot demand
Delivery in June contracts gained 0.73%
 "Castorseed up 0.9% driven by spot demand")
Coriander up 1.6% on spot demand, tight supply
Spice for delivery in July gained 1.39%
Crude palm oil down 0.2% on muted demand
Oil for delivery in July shed 0.13%
Chana up 1% on spot demand
Commodity for delivery in June contracts gained 1.01%
Aluminium up 0.2% on global cues
Metal for delivery in July also rose by a similar margin