Page 536 - Commodity News
FMC lays down exit policy for defunct commexes
MMTC anchored I-CEX will be the first exchange to receive a notice cancelling recognition of those exchanges where no trading has taken place in the past 12 months
 "FMC lays down exit policy for defunct commexes")
Gold monetisation scheme to help bring idle gold into market
We take a look at what the scheme is and how it will work
 "Gold monetisation scheme to help bring idle gold into market")
China to lift ban on Indian rapeseed meal
China had banned the commodity 3 years ago due to quality concerns
 "China to lift ban on Indian rapeseed meal")
Zinc falls by 0.3% in line with global trend
Speculators trimmed their positions, in tandem with a weak global trend
 "Zinc falls by 0.3% in line with global trend")
Crude palm oil rises by 0.5% on spot demand
Speculators enlarged positions on strong spot demand
 "Crude palm oil rises by 0.5% on spot demand")
Mentha oil falls by 0.6% on sluggish demand
Speculators reduced positions amid sluggish demand from consuming industries in the spot market
 "Mentha oil falls by 0.6% on sluggish demand")
Crude oil up by 0.7% on overseas cues
Speculators got down to enlarging positions, tracking a firming trend in Asia
 "Crude oil up by 0.7% on overseas cues")
Gold futures fall by 0.1% on weak global cues
Speculators offloaded their positions amid a weak global trend
 "Gold futures fall by 0.1% on weak global cues")
Silver down by 0.2% on weak overseas cues
Speculators reduced their exposure amid a weak trend in global markets
 "Silver down by 0.2% on weak overseas cues")
Nickel fall 0.7% on sluggish global trend
Speculators started reducing positions amid negative cues from overseas markets
 "Nickel fall 0.7% on sluggish global trend")
Lead declines by 0.2% as demand slackens
Speculators offloaded positions driven by subdued demand in the spot market amid a weak trend in metals
 "Lead declines by 0.2% as demand slackens")
Oil prices rebound from steep losses
However, analysts said gains were capped by a strong dollar and persistent concerns about a global supply glut
 "Oil prices rebound from steep losses")
Milk prices to go north in west
Retail margins prompt rise in Maharashtra, rising input costs in Rajasthan; other regions stable
 "Milk prices to go north in west")
Oil falls for a fifth day as Goldman sees crude at $45 by October
Futures dropped as much as 1.7 per cent in New York, extending a 2.4 per cent decline in the past four sessions
 "Oil falls for a fifth day as Goldman sees crude at $45 by October")
Coffee exporters look for industry revival from falling rupee
India's coffee exports have seen a decline of 6% from January to mid-May
 "Coffee exporters look for industry revival from falling rupee")
Base metals fall on concerns that ECB may advance QE
With fresh addition of 1314 tonnes, nickel inventories in warehouses tracked by the LME reached a record
NCDEX e-Market posts 100% growth in trade
The online trading platform reported 7.4 million tonnes of agri commodities' trade worth Rs 20500 crore
 "NCDEX e-Market posts 100% growth in trade")
Gold monetisation Scheme: Jewellers want reduction in melting charges
Fin Min has fixed melting charges at Rs 500 per lot of upto 100 grams and Rs 100 per lot of additional 100 grams
 "Gold monetisation Scheme: Jewellers want reduction in melting charges")
Gold rises on global cues; silver weakens on reduced offtake
Higher offtake by jewellers to meet wedding season demand supports the rise in gold prices
 "Gold rises on global cues; silver weakens on reduced offtake")
Crude palm oil falls by 0.6% on subdued demand
Speculators offloaded positions amid subdued demand in the physical market against adequate stocks