Page 555 - Commodity News

Oil prices edge up in Asian trade

However, the persistent global supply glut will likely cap advances, analysts said

Edible oils outlook: Is the worst over for the sector?

Pick up in Chinese demand and gradual increase in crude oil prices can also trigger an uptick in edible oil prices

ICAR developing new rice varieties

India currently has 44 million hectare (ha) area in rice cultivation, and there was no increase in the area since the last 15 years

MP may scale down wheat procurement target

Procurement season has started from 25th of the previous month and will last till mid-May

Iron ore in fresh crisis as forward prices crumble

Cotton Corp to float global tender to sell procured stock

Plans to export some of the surplus amid record procurement and domestic industry's complaint of having cornered supplies and sitting on these

Gold, silver recover on buying by jewellers, global cues

Gold adds Rs 50 to Rs 26,800 per 10 grams in NCR; Silver gains Rs 100 to Rs 36,750 per kg on better offtake by industrial units and coin makers

Refined soya oil slips 0.61% on profit-booking

Speculators exit amid a fall in demand in spot market

Crude palm oil falls by 1.7% on low demand

Speculators off-loaded positions because of a fall in demand in the spot market

Silver recover by 0.7% on global cues

Speculators enlarged positions amidst firming global trends

Cardamom rises by 2.5% on rising spot demand

Speculators enlarged positions amid pick-up in domestic as well as export demand

Mentha oil up by 0.9% on high demand

Speculators enlarged positions amid positive cues from the spot market on strong demand

Chana gains by 0.7% on surging demand

Expectations of lower output also pushed up prices

Gold rises by 0.3% on global cues

Speculators created fresh positions amid positive cues from overseas markets

Lead rises by 0.4% on firm demand

A firming trend in the base metal at the London Metal Exchange also supported prices

Nickel up by 0.9% on spot demand

Speculators enlarged their position, tracking a solid trend in spot market on increased demand from alloy-makers

Zinc up 0.37% on spot demand, global cues

Speculators enlarge positions as metal rises on London Metal Exchange

Copper gains 0.73% in futures trade on global cues

Speculators enlarged position as June copper gains marginally in Shanghai

Tea Board to try and push export

Headless FMC's senior member, directors also moving out

This looks like ground being laid for Sebi-FMC merger as proposed in this year's Budget