Page 549 - Commodity News

Brent crude oil rebounds above $63 on Yemen woes

Brent oil for June was up 65 cents at $63.38 a barrel by 1230 GMT. US crude for June was 20 cents up at $56.36 a barrel

India likely to remain net importer of iron ore in FY16

However, domestic production of iron ore is set to rise too which will curtail the import demand

Cotton output to be lower at 390 lakh bales in 2014-15

Cotton crop prospects were adversely impacted due to untimely rains/hail storm across the country

Coriander up 1.4% on tight supply

Spice for delivery in May contracts traded higher by 1.20%

Sugar up 0.6% on spot demand

The commodity for delivery in May contracts edged up by 0.29%

Copper falls by 0.2% on weak global cues

Speculators trimmed their positions amid weak trend in global markets

Lead falls by 0.6% on low demand

Speculators trimmed positions on sluggish demand from battery makers in spot markets

Mentha oil up by 0.4% on rising spot demand

Speculators engaged in enlarging positions amid pickup in demand from consuming industries in the spot market

Cardamom rises by 0.4% as demand picks up

Speculators created fresh positions at prevailing levels, taking positive cues from spot market on pick up in demand

Crude palm oil falls by 0.1% on sluggish demand

speculators indulged in reducing positions due to subdued demand in spot market

Restoring RO might not suffice for sugar sector

Under RO mechanism, govt periodically fixes quantity of sugar to be released into open market, mill by mill

Agri commodity prices start upward move

Trend expected to continue due to fear of decline in output, coming after unseasonal rain affected crops

Oil prices edge up as Yemen concern lingers

Brent crude for June delivery was up 47 cents at $62.55 a barrel by 1321 GMT, after touching an intra-day low of $61.39

Gold recovers on wedding season demand, global cues

In Delhi, gold of 99.9 and 99.5 per cent purity recovered by Rs 100 each to Rs 27,200 and Rs 27,050 per 10g, respectively

Domestic steel producers reluctant to lower prices

Prevailing steel prices already too low; further cut could push companies into losses

Soybean prices gain on low domestic supplies

Traders feel the prices may gain further in the coming days due to forecasts of below normal monsoon

Crude oil futures decline on weak Asian cues

Commodity sheds 1.4% on MCX, with Saudi-led coalition ending four weeks of air strikes in Yemen

Silver loses Rs 79 on weak global cues

Speculators trim positions as metal loses 0.2% in Singapore

Gold futures drop by Rs 96 on weak global cues

Speculators trim positions as metal loses 0.21% in Singapore

Cardamom falls by 0.4% on high supply

Speculators indulged in reducing positions, triggered by higher supply from major producing belts