Page 576 - Commodity News
 "Oil falls towards $61 as ample supplies weigh")
Poultry farmers hit by low wholesale prices
Prices are 20-30% lower than a year ago; reports of bird flu during the onset of winter hit demand
 "Poultry farmers hit by low wholesale prices")
Jute mills in tight spot over relaxation in packaging norms
The problems in the sector started in 2012-13, when the then UPA govt tweaked the Jute Packaging Materials Act
 "Jute mills in tight spot over relaxation in packaging norms")
Crude palm oil rises by 0.4% as demand picks up
Speculators created fresh positions amid rising domestic demand and restricted supplies from producing belts
 "Crude palm oil rises by 0.4% as demand picks up")
Cardamom fall by 1.5% on low demand
Speculators reduced positions amid sluggish demand in the spot market
 "Cardamom fall by 1.5% on low demand")
Zinc rises by 0.6% on spot demand
Speculators enlarged positions amid a firm global trend and better domestic demand
 "Zinc rises by 0.6% on spot demand")
Silver rises by 0.5% on firm global cues
Speculators enlarged positions amid a firming trend in precious metals overseas
 "Silver rises by 0.5% on firm global cues")
Mentha oil declines by 0.2% on profit-booking
Sluggish demand from consuming industries also affected prices
 "Mentha oil declines by 0.2% on profit-booking")
Copper gains by 0.4% on positive global cues
Rising demand in the spot markets also influenced prices
 "Copper gains by 0.4% on positive global cues")
Global oversupply might lead to a fall in cereals export
Exporters lose competitiveness due to high domestic price and rupee appreciation
 "Global oversupply might lead to a fall in cereals export")
Oil rises to $59 as Saudis say demand growing
Oil prices collapsed by 60 per cent between June and January to almost $45 a barrel, but have since recovered some ground
 "Oil rises to $59 as Saudis say demand growing")
Comexes to remain open on budget day
FMC has asked national commodities exchanges to remain open between 10 am to 5 pm on Saturday 28 February
 "Comexes to remain open on budget day")
IPAB allows MP farmers to implead in basmati GI case
India is a leading exporter of basmati. Rice export was worth Rs 29,300 crore in 2013-14
 "IPAB allows MP farmers to implead in basmati GI case")
Common KYC for commodities and securities from April
KYC once accepted in the capital market ,will also work for commodities market
 "Common KYC for commodities and securities from April")
Importers, processors seek Rs 5,000-cr pulses upgradation fund
With modernisation in technology, mills' efficiency will improve, helping to reduce the operating cost
 "Importers, processors seek Rs 5,000-cr pulses upgradation fund")
Sugar down 0.1% on ample stocks
Commodity for delivery in March contracts traded lower by 0.08%
 "Sugar down 0.1% on ample stocks")
Nickel gains by 0.5% on global cues
Participants enlarged speculative positions amidst firming overseas trends
 "Nickel gains by 0.5% on global cues")
Crude palm oil falls by 0.3% on subdued demand
Speculators engaged in reducing positions, affecting prices
Lead gains by 0.5% on global cues
Speculators enlarged positions amidst a firming trend overseas and rising domestic spot demand
 "Lead gains by 0.5% on global cues")
Chana gains by 0.5% on lower output
Speculators enlarged positions amidst lower output from major producing belts
 "Chana gains by 0.5% on lower output")