Page 584 - Commodity News
NCDEX partners with LSE Group's MillenniumIT for technology
NextGen, a multi-million technology partnership under new system, is set to provide enhanced functionality and offer offer trendsetting speed
 "NCDEX partners with LSE Group's MillenniumIT for technology")
States seek relaxations in mining Ordinance
Karnataka wants removal of 30 mn tonnes cap, Goa urges 10-year extension in lease period
 "States seek relaxations in mining Ordinance")
Mentha oil down 0.4% on ample stocks
Oil for delivery in March contracts moved down by 0.38%
 "Mentha oil down 0.4% on ample stocks")
Cardamom down 0.8% on profit-booking
Spice for delivery in March contracts traded lower by 0.02%
 "Cardamom down 0.8% on profit-booking")
Crude oil down 1.9% on weak Asian cues
Oil prices for March delivery also moved down by 1.66%
 "Crude oil down 1.9% on weak Asian cues")
Zinc down 0.5% on global cues
Metal for delivery in current month traded lower by 0.41%
 "Zinc down 0.5% on global cues")
Palm oil down 0.7% on low demand
Oil for delivery in March contracts shed 0.70%
Silver down 0.6% on profit-booking
Metal for delivery in May month declined by 0.43%
 "Silver down 0.6% on profit-booking")
Gold futures down 0.2% on profit-booking
Participants indulged in profit-booking at prevailing levels despite the precious metal rising
 "Gold futures down 0.2% on profit-booking")
Copper falls by 0.5% on weak global cues
Speculators indulged in offloading their positions tracking a weak global trend
 "Copper falls by 0.5% on weak global cues")
Nickel fdown by 0.6% on global cues
Speculators trimmed their positions, taking negative cues from overseas markets
 "Nickel fdown by 0.6% on global cues")
Lead falls by 0.4% on sluggish demand
A weak trend in the base metals pack at the London Metal Exchange also affected prices
 "Lead falls by 0.4% on sluggish demand")
Oil prices fall as IEA predicts gradual rebound
Prices have plunged from their mid-2014 peaks largely owing to a surge in global reserves boosted by robust US shale production and weak global demand
 "Oil prices fall as IEA predicts gradual rebound")
 "Castor, guar hit lower circuit")
 "Transport sector to remain aluminium's demand growth point")
Oil sector staring at Rs 16,000 crore inventory losses: Crisil
Says a substantial share of the losses will be borne by refiners
 "Oil sector staring at Rs 16,000 crore inventory losses: Crisil")
India's proposal for dairy exports to Russia in a limbo
Russia's phytosanitary watchdog seeks details of milk production data along with quality mechanism adopted by Indian plants
 "India's proposal for dairy exports to Russia in a limbo")
NMDC's price cut fails to cheer steel makers
Despite 11% reduction, NMDC's iron ore is 53% higher than the private miners in Odisha
 "NMDC's price cut fails to cheer steel makers")
Oil steadies near $58 as US rig count offsets Chinese data
China's trade performance slumped in January, pointing to lower fuel demand in the world's biggest energy consumer
 "Oil steadies near $58 as US rig count offsets Chinese data")