Page 574 - Commodity News
Mentha oil production to decline 20% on lower acreage
Huge carryover stocks, falling prices prompt farmers to opt for alternative crops
 "Mentha oil production to decline 20% on lower acreage")
Weakening yen hits prawn exports
The prices are down by about 30 per cent since October for exports of Black Tiger shrimps to Japan
 "Weakening yen hits prawn exports")
Nickel rises by 0.3% on global cues
Participants enlarged speculative positions, taking positive cues from global market
 "Nickel rises by 0.3% on global cues")
Zinc up by 0.1% on spot demand
Speculators enlarged positions on the back of rising demand in domestic spot markets
 "Zinc up by 0.1% on spot demand")
Silver up by 0.3% in futures trade
Speculators enlarged positions even as the metal weakened overseas on strengthening dollar
 "Silver up by 0.3% in futures trade")
Copper falls by 1% on weak global cues
Speculators trimmed positions amidst a weak trend in global markets
 "Copper falls by 1% on weak global cues")
Oil prices rise in Asian trade
However, gains were capped as dealers sat on the sidelines eyeing negotiations aimed at ending a strike at some US crude refineries
 "Oil prices rise in Asian trade")
Govt may release sugar subsidy payment for last season in two weeks
Mills seek urgent notification for enhanced export subsidy
 "Govt may release sugar subsidy payment for last season in two weeks")
Unseasonal rains damaged rabi crops, mango
Unseasonal rains might have a severe impact on the final rabi output
 "Unseasonal rains damaged rabi crops, mango")
 "Excess fleet holding dry bulk freight rates at historic low")
FTIL opposes MCA's petition to CLB for removal of FTIL board in court
Ministry of corporate affairs had petitioned for this; FTIL challenges move
 "FTIL opposes MCA's petition to CLB for removal of FTIL board in court")
Jewellers to go on strike against Rs 1 lakh cap on cash jewellery purchase
Under Section 114 (B) of the Income Tax Act, PAN details are required for purchasing jewellery worth over Rs 500,000
 "Jewellers to go on strike against Rs 1 lakh cap on cash jewellery purchase")
Budget reaction: Punjab rubber sector not fully happy
Since Rubber industry has domestic capacity, the industry seeks increasing duty on import of finished rubber products
 "Budget reaction: Punjab rubber sector not fully happy")
Iron ore imports jump multi-fold to 5.63 MT in Apr-Nov, FY15
In the previous financial year iron imports were at 0.37 million tonnes
 "Iron ore imports jump multi-fold to 5.63 MT in Apr-Nov, FY15")
 "Farmers put cotton sales on hold on low return, weak demand")
Domestic market not showing revival, ceramic units look global
Ceramic industries face reduction in business because of slowdown in real estate sector
 "Domestic market not showing revival, ceramic units look global")
Groundnut oil price in Gujarat at two year's high
Less availability of crop for crushing results in reduced oil production and high price
 "Groundnut oil price in Gujarat at two year's high")
 "Jeera price up 38% in Dec on low acreage, strong export demand")
Barley up 2.5% on rising domestic demand
May contracts shot up by 2.10%
 "Barley up 2.5% on rising domestic demand")
Aluminium up 0.6% on global cues, spot demand
Metal for delivery in April traded higher by 0.57%
 "Aluminium up 0.6% on global cues, spot demand")