Page 580 - Commodity News
'Import of natural rubber not to hit domestic farmers'
During Apr-Jan current fiscal, natural rubber imports had gone up 14 per cent to 359,857 tonne as against 315,049 tonne in the same period last fiscal
 "'Import of natural rubber not to hit domestic farmers'")
MCX ties up with IFHE for skills training
IFHE will conduct full- and part-time certification programmes on commodity derivatives market
Crude palm oil up 1.3% on high demand
Oil for delivery in March was up by 0.87%
 "Crude palm oil up 1.3% on high demand")
Mentha oil up 0.5% on pick-up in demand
Oil for February delivery traded higher by 0.49%
 "Mentha oil up 0.5% on pick-up in demand")
Silver up 0.7% amid a weak trend overseas
Metal for delivery in May was trading higher by 0.61%
 "Silver up 0.7% amid a weak trend overseas")
Gold futures up 0.34% despite weak overseas cues
Traders enlarge positions even as metal loses 0.3% in Singapore
 "Gold futures up 0.34% despite weak overseas cues")
Nickel rises 0.5% on positive overseas cues
Participants enlarged speculative positions amid positive cues and rising demand from alloy makers
 "Nickel rises 0.5% on positive overseas cues")
Lead up by 0.4% on firm spot demand
A firming trend in the entire base metal pack also influenced prices
 "Lead up by 0.4% on firm spot demand")
Zinc up by 0.1% on global cues
Speculators enlarged positions amid a firm global trend and better domestic demand
 "Zinc up by 0.1% on global cues")
Oil prices fall in Asian trade
Traders kept an eye on the crisis in crude exporter Libya, analysts said
 "Oil prices fall in Asian trade")
Oil touches $62, but slides again
The oil price is finding additional support from renewed greater perception of the risks to supply
 "Oil touches $62, but slides again")
Pulses' import set for new high on less output
With less of sowing and flagging output, besides rising demand, shipments from abroad estimated at 3.7-3.8 million tonnes in 2014-15 and could cross 4 million tonnes next year
 "Pulses' import set for new high on less output")
 "Spice exports up 12%")
FMC to soon announce call auction for comexes
Move is aimed at arriving at a spot price to decide the settlement price for futures
 "FMC to soon announce call auction for comexes")
Oil prices inch higher in Asia
An upbeat outlook for the beaten-down commodity by key producer Kuwait, helped prices
 "Oil prices inch higher in Asia")
Pulses lead fall in acreage of rabi crop
Pulses sowing area declines 10% by February 13 against overall fall in seed area of 6%, prices to remain elevated
 "Pulses lead fall in acreage of rabi crop")
 "MP, Rajasthan might buy less wheat next year")
Cumin seed, turmeric hit upper circuit in futures trade
Both commodities rise 4% on higher export demand and lower output estimates this harvesting season
 "Cumin seed, turmeric hit upper circuit in futures trade")
More commodities exempted from CTT
The list now includes rice, dals made from pulses such as tur and urad, onions and various spices
 "More commodities exempted from CTT")