Page 572 - Commodity News
Gold, silver hit multiuple-month lows on selling pressure
Decline may continue; Better than expected US data elevate the dollar to a 11-year high
 "Gold, silver hit multiuple-month lows on selling pressure")
Gold and silver decline on global cues
The yellow metal in London declined by over 2% to trade at $1,177.6 an oz in spot trade on Friday
 "Gold and silver decline on global cues")
Oil climbs to $61 on West Asian supply concerns
Traders are keeping a close eye on Iran nuclear talks that could eventually bring more supply to world markets
 "Oil climbs to $61 on West Asian supply concerns")
World food prices at 55-month low
Higher local output estimated to depress cross-border sales
 "World food prices at 55-month low")
Cotton prices rise on CCI procurement, lower yield estimates
Improvement in international prices has also made exports viable
 "Cotton prices rise on CCI procurement, lower yield estimates")
Potato, onion prices firm up on prospect of delay in harvesting
Unseasonal rainfall result in waterlogging in low lying areas
 "Potato, onion prices firm up on prospect of delay in harvesting")
 "Oil won't swing back to $100 soon: Analysts")
Worrying signs as global crude oil inventory hits 80-year high
Slippery slope ahead if oil demand and prices don't pick up soon
Nickel down 0.1% on profit-booking
Metal for delivery in April traded lower by 0.03%
 "Nickel down 0.1% on profit-booking")
Cardamom up 4% as spot demand picks up
Spice for delivery in April gained 0.72%
 "Cardamom up 4% as spot demand picks up")
Silver gains by 0.5% on global cues
Participants built up fresh positions by a firm global trend
 "Silver gains by 0.5% on global cues")
Lead falls by 0.1% on sluggish demand
A weak trend in metal at the London Metal Exchange also kept pressure on the prices
 "Lead falls by 0.1% on sluggish demand")
Crude oil futures climb 1.85% on overseas cues
Speculators created positions amid a firm trend in Asia
 "Crude oil futures climb 1.85% on overseas cues")
Oil up in Asia trade despite US inventories rise
A refineries strike in the US is weakening a rise in US crude stocks
 "Gold up on lower shares but strong dollar weighs")
Karnataka's iron ore supply to go up next financial year
About 10 mines starting production in the next few days; production likely to rise to 25 mt
 "Karnataka's iron ore supply to go up next financial year")
HC extends stay on FTIL board's supersession for a week
Makes FMC a party in petition to restrain govt, asks ministry to reply before next hearing, a week away
 "HC extends stay on FTIL board's supersession for a week")
FTIL seeks legal advice on police's EOW order
The company has been restrained from using its asset sale proceeds for any purpose other than legal expenses and salaries of employees
 "FTIL seeks legal advice on police's EOW order")
 "India's fuel demand likely to rise 3.3% in 2015-16")
MP soybean braces up to tackle low demand, high tax
The state accounts for more than 70 per cent of the country's soybean production
 "MP soybean braces up to tackle low demand, high tax")