Page 599 - Commodity News

Refined soya oil up 0.5% due to pick up in demand

Oil for delivery in February contract traded higher by 0.42%

Mentha oil up 0.1% on increased demand

Oil for delivery in February traded higher by 0.12%

Cardamom climbs by 2.4% on strong demand

Speculators enlarged their positions, taking positive cues from spot market on strong demand

Chana up by 0.9% on spot demand

Fresh positions built up by speculators due to pick up in demand helped prices

Crude palm oil up by 0.5% on rising spot demand

Speculators enlarged positions on the back of higher demand in the spot market

Exchanges want sweeping changes in proposed liquidity enhancement scheme

Want it for only new schemes, for limited periods and with checks on anti-competitive effects

Gold drops on weak demand, global cues; silver extends gains

In worldwide trade, gold pulled back modestly, taking a breather after rallying to a three-weeks high

GI mark for basmati delayed as MP cos, farmers oppose APEDA

Apeda representatives said GI registration should be seen from a "national interest" perspective, as Pakistan also is claiming rights over Basmati

Oilmeal exports drop 42% in April-Dec 2014

Exporters seek sops for sector as overseas shipments decline steadily over three years

Crude oil rebounds, settles at $50.40 a barrel

Indian basket falls by Rs 146 a barrel to Rs 3,120.06 a barrel; Exchange rate unchanged at Rs 63.39 per dollar

UP sugar output touches 2 mn tonne

118 operational mills had collectively crushed nearly 21.5 mt of cane, show latest statistics

Gold up 1.2% on global cues

Bullion merchants said persistent rise in gold prices is mostly due to a firming trend in global markets

Gold prices firm above $1,200 on safe-haven bids

On Monday, both the Dow Jones Industrial Average and the Standard & Poor 500 suffered their biggest one-day declines in about three months

Steel cos see limited impact of China's export benefit withdrawal

Say there could be around 10% fall in imports but only for a while, as the producers will cope

Cool weather, rain boost bumper wheat crop hopes

Farmers keen on wheat as it provides stable returns; yeild could surpass last year's 95.9 million tonnes

India turns net importer of iron ore in 2014

As against exports of around 7 million tonne, the country imported over 8 million tonne of key steel-making raw material in 2014

Odisha allowed to increase iron ore output by 16.5 mt

The move will not affect the overall cap set by the state government, currently at 58 mt a year

Brent falls close to $51, Saudi Arabian king issues speech

King Abdullah said the country would deal with the challenge posed by lower oil prices "with a firm will"

Cardamom gains 0.77% as spot demand picks up

Expectations of lower production from major growing areas support uptrend

Crude oil falls by 0.4% on weak global cues

Speculators indulged in trimming positions amid a weakening trend overseas on demand worries