Page 588 - Commodity News
Holcim-Lafarge merger faces CCI hurdle in India
CCI scrutinising whether merged entity will have monopoly, especially in eastern India
 "Holcim-Lafarge merger faces CCI hurdle in India")
 "Oil could fall to $30-$35: Opec delegates")
Gold: Consolidation at current level or a bull market start?
Support for precious metals was growing as funds and futures speculators continued to lose trust in central banks
 "Gold: Consolidation at current level or a bull market start?")
 "Oil begins advance from 6-yr low")
Spencer Stuart to search MD for MCX
Ten candidates are being interviewed on 7th Feb
 "Spencer Stuart to search MD for MCX")
FMC curbs abnormal volatility in castor seed, coriander
Castor seed records highest ever deliveries on NCDEX
 "FMC curbs abnormal volatility in castor seed, coriander")
Oil prices rally above $55 as investors pile in
Brent closed above the 20-day moving average on Friday for the first time since July, and the rig count is falling sharply
 "Oil prices rally above $55 as investors pile in")
Copper up 0.19% on overseas trend, spot demand
Metal gains 0.4% on London and as much as 2.5% in Shanghai
 "Copper up 0.19% on overseas trend, spot demand")
Chana gains 1.1% on spot demand
Speculators enlarged positions amid pick-up in demand in spot market against tight supplies
 "Chana gains 1.1% on spot demand")
Crude palm oil remains up on rising spot demand
Speculators enlarged positions amid a firm trend at spot market on rising demand
 "Crude palm oil remains up on rising spot demand")
Refined soya oil up 0.7% on rising demand
Oil for delivery in February traded higher by 0.5%
 "Refined soya oil up 0.7% on rising demand")
Cardamom gains by 1.2% on spot demand
Speculators indulged in creating fresh positions amid pick-up in domestic as well as export demand
 "Cardamom gains by 1.2% on spot demand")
Mentha oil rises 0.34% on pick up in demand
Restricted arrivals from producing belts support uptrend
 "Mentha oil rises 0.34% on pick up in demand")
Silver futures down 0.3% on global cues
Speculators trimmed positions amid a weak trend in global markets
 "Silver futures down 0.3% on global cues")
Aluminium sheds by 0.4% on global cues
Speculators reduced exposure amid a weak trend overseas and sluggish demand
 "Aluminium sheds by 0.4% on global cues")
Lead falls by 0.3% on global cues
Subdued demand at domestic spot markets also affected prices
 "Lead falls by 0.3% on global cues")
Nickel down by 0.6% on overseas cues
Speculators reduced positions amid weak cues from global markets and subdued demand in domestic spot markets
 "Nickel down by 0.6% on overseas cues")
Chhattisgarh: Policy leads to 20% drop in paddy procurement
About 6.2 MT of paddy have been reportedly arrived in the societies across the state
 "Chhattisgarh: Policy leads to 20% drop in paddy procurement")
Quality concerns bug groundnut export
Groundnut export hit a record of 832,617 tonnes worth $1,094 mn in 2011-12, described as an exceptional year. It was 509,665 tonnes worth $526 mn in 2013-14
 "Quality concerns bug groundnut export")
Gold enters bullish territory
FOMC minutes reiterates "patience" on interest rates hike, to support gold to $1,325 and beyond in near future
 "Gold enters bullish territory")