Page 596 - Commodity News
 "Buffalo meat now India's top agri export item")
Gold erases early losses, moves up on Swiss bank interest rate cut
Trend still unclear, with uncertainty in financial markets; medium-term outlook thought to be weak domestically
 "Gold erases early losses, moves up on Swiss bank interest rate cut")
Iron ore near 65-month low on slow China restocking
Iron ore prices fell nearly 50% last year under pressure from a supply glut and they remain not far above the 2014 low of around $65 a tonne hit in December
 "Iron ore near 65-month low on slow China restocking")
Palm oil up 1.5% on spot demand
Oil for delivery in February edged up by 1.31%
 "Palm oil up 1.5% on spot demand")
Nickel up 1.3% on global cues
Metal for delivery in January too was trading 1.22% higher
 "Nickel up 1.3% on global cues")
Copper up 1.5% on global cues
Metal for delivery in far-month April was up by 1.34%
 "Copper up 1.5% on global cues")
Zinc up 0.7% on global cues, firm spot demand
Metal for delivery in February traded higher by 0.59%
 "Zinc up 0.7% on global cues, firm spot demand")
Mentha oil down 1.4% on subdued demand
Oil for delivery in February contracts shed 1.08%
 "Mentha oil down 1.4% on subdued demand")
Lead up 1% on global cues, spot demand
Rising domestic spot demand from battery-makers also supported the upside
 "Lead up 1% on global cues, spot demand")
Aluminium up 0.4% on global trends; spot demand
Increased demand at domestic spot markets also influenced prices
 "Aluminium up 0.4% on global trends; spot demand")
Silver down 1.4% on profit-booking
Metal for delivery in May declined by 1.22%
 "Silver down 1.4% on profit-booking")
Oil prices rally loses steam in Asian trade
Pick-up in US inventories reinforced concerns about weak demand and a supply glut
 "Oil prices rally loses steam in Asian trade")
Steel producers cut prices under pressure from cheaper import
While some producers have announced a cut in prices, others are offering discounts
 "Steel producers cut prices under pressure from cheaper import")
Global commodities rout pulls down metal stocks
The metal index closed 360 points, or 3.5 per cent down, at 9,907
 "Global commodities rout pulls down metal stocks")
Vidarbha's harvest, cold conditions hurting kinnow farmers in Punjab
Growers are witnessing a dip of almost 50% in price, compared to the previous season
 "Vidarbha's harvest, cold conditions hurting kinnow farmers in Punjab")
South Indian Mills urges Cotton Corp of India to commence MSP operations in TN
If CCI commences operations, it will boost confidence of cotton farmers
 "South Indian Mills urges Cotton Corp of India to commence MSP operations in TN")
Vegetable oil import up 7% in December
Total import of veg oil stood at 1.14 million tonnes
 "Vegetable oil import up 7% in December")
5 reasons copper prices are falling
Copper is the worst performing non-energy raw material on the Bloomberg Commodity Index, which fell to the lowest since August 2002
India's December palm oil imports up by 5%
India had purchased 7,96,587 tonnes of palm oil in November
Coking coal imports decline 29.6% in December at Indian ports
Traders and experts believe that the decline in shipments is a temporary phenomena
 "Coking coal imports decline 29.6% in December at Indian ports")