Page 566 - Commodity News

Nickel up 1.2% on positive global cues

Analysts attributed the rise in nickel futures to a firm trend in the base metals pack at the London Metal Exchange and rising demand from alloy makers at domestic spot markets

Mentha oil up 0.9% on higher industrial demand

Oil for March contracts traded higher by 0.78%

Cardamom up 0.7% on spot demand

Commodity for delivery in May edged up by 0.55%

Aluminium futures up 0.59% on high demand, global cues

The metal for delivery in April also gained 55 paise, or 0.50 per cent, to trade at Rs 111.60 per kg

Silver futures gain Rs 716 on global cues

In the international market, silver traded higher by 0.3 per cent at $16.00 an ounce in Singapore

Zinc futures gain 0.56% on overseas cues, spot demand

The metal for delivery in March also rose by 65 paise, or 0.52 per cent, to Rs 125.20 per kg

Buffalo meat exports decline owing to 35% fall in Brazilian Real, beef ban

Increasing domestic demand due to beef ban in Maharashtra and Haryana will also reduce exportable surplus and raise procurement cost

Guar prices crash to 10-year low

Acreage likely to shrink 30% in the next season as farmers might shift to other crops

Mining unlikely to start soon in Goa

Leaseholders will have to secure fresh approval for their mining plans before starting operations

Gold futures gain 0.2% on firm global cues

Speculators enlarged positions amid a better trend overseas

Zinc falls by 0.5% on profit-booking

Subdued demand from consuming industries in the spot market also affected prices

Aluminium falls by 0.4% on profit-booking

Participants reduced their exposures even as the metal strengthened at the London Metal Exchange (LME)

Nickel falls by 0.6% on subdued spot demand

Weakening trend at domestic spot markets weighed on prices

Crude oil falls 2.6% as it trades at 6 year low in Asia

Speculators indulged in trimming positions amid a weakening trend in Asian trade

Copper falls by 0.7% on profit-booking

Speculators trimmed positions to book profits amidst a weak trend in global markets

Rabi oilseed output to decline 16%

India's rabi oilseed output is estimated to decline 16 per cent this year on lower area under acreage and crop damage by unseasonal rainfalls and hailstorms

Rainfall help cardamom production to increase

Futures fell to Rs 953 per kg today as traders reduced holdings on weak demand

RBI decides to futher restrict gold imports, retracts a day later

Thus, banks are allowed to import gold on consignment basis and also provide gold loans to jewellers

Indian super rich's milk supplier expands to Delhi, Bengaluru

After serving Mumbai's elite from Sachin Tendulkar to Amitabh Bachchan, Parag Milk Foods to open exclusive farms of Holstein cows in these cities

Kerala to develop model vannamei farming

The trial culture of vannamei, an exotic white leg shrimp, was started in the state after an expert committee studied the scientific and technical aspects of the project