Page 561 - Commodity News

Darjeeling tea exporters going through rough patch

According to estimates, production between January and mid-March declined by about 5.85 million kg compared to the corresponding period last year

Slump in freight rates a drag on firms

'Hand to mouth' despite sagging fuel rates, full fleet utilisation; tanker segment only one looking up

Wheat output may fall by 2% this year due to unseasonal rains

Wheat has suffered damage at over 62 lakh hectare due to unseasonal rains and hailstorms, which occurred in three phases between Feb 28 and Mar 16

Cardamom gains by 0.4% on spot demand

Rising demand amid restricted supplies helped prices

Mentha oil declines by 0.5% on subdued demand

Speculators indulged in reducing positions amid sluggish demand from consuming industries in the spot market

Crude palm oil rise by 0.5% on spot demand

Speculators created fresh positions amid pick-up in demand in spot market

Crude oil down by 3.6% on weak Asian cues

Speculators trimmed positions amid a weakening trend in Asian trade after a sharp slowdown in Chinese industrial production

Silver futures down by 1.1% on global cues

Speculators reduced their exposures amid a weakening trend overseas

Rise of about 30% expected in castor oil export this year

1.5 mn tonne castor seed required to meet demand, lower crop size may create shortage

Pulses traders to benefit from Myanmar Commodity Exchange

The exchange offers trading in commodities across segments, with initial focus on pulses and gold

Odisha HC order to free 35 mt iron ore capacity

At least 21 mines, including 18 mines that were shut down following a Supreme Court order last year, are poised to resume operations

Ministry of agriculture starts study on onion futures

Study to be oriented towards farmers, their concerns and as to how they are going to be benefitted futures market

Crude palm oil futures slide 0.63% on low demand

Market analysts said besides lower demand in the spot market, higher supplies from producing belts mainly influenced crude palm oil prices at futures trade

Lead futures down on global cues, subdued domestic demand

On similar lines, the metal for delivery in April shed 70 paise, or 0.64 per cent, to Rs 115.70 per kg in 73 lots

Gold futures slip by 0.4% on profit-booking

Speculators locked-in gains amid weak global trends

Oil prices in Asia slip after recent gains

Investors weighed the potential for disruptions in Middle East supplies caused by the Yemen crisis

Iron ore production in FY16 estimated to grow 10% to 140 mn tonnes

As many as 199 mining concessions including 15 iron ore leases are expected to be auctioned

Tears at onion dehydration industry

With unseasonal rain spoiling crop, mandi prices soar to well above what the export-dependent sector can afford; units cutting or stopping output

'Chokepoint' Yemen and dollar to blame for oil rise

Oil prices jumped nearly 6% after Saudi Arabia and its Gulf allies began a military operation against rebel forces in Yemen

Gold jumps Rs 400 on global cues, buying by jewellers

West Asian crisis boosts demand for safe haven; festive season buying, weak rupee and shifting of funds from equities also influence prices