Page 618 - Commodity News

Aluminium companies benefiting by unusually high premiums

Domestic aluminium producers Hindalco, Nalco set to benefit

Price fall takes a massive toll of iron ore e-auction in Goa

Two-third of bidding quantity remained unsold in fifth round of bidding early this month

Karnataka govt flouted norms in mine allocation, alleges steel sector

Steel industry wants the state to adhere to guidelines on mine allocation

Crude oil slips below $78 a barrel

Sugar up by 0.4% on spot demand

Speculators created fresh positions after demand picked up in the spot market

Crude oil fall by 0.5% on Asian cues

Speculators reduced exposures amid a weak trend in Asian trade

Centre asks states to desist from giving bonuses above MSP

Will procure less foodgrains from states that offer such bonuses

Cardamom gains by 0.8% as demand picks up

Participants created fresh position at existing lower levels amid pick-up in spot market demand

Silver futures down by 1.7% on global cues

In the international market, silver lost 0.6% to $16.05 an ounce in Singapore

Gold futures down 1% on global cues

Participants offloaded positions, taking weak cues from the global market

Nickel up by 0.9% on spot demand

Besides, an encouraging trend in metal in the global markets supported the upside

Mentha oil up by 0.3% on rising demand

Speculators enlarged positions, driven by rising demand from consuming industries in the spot market

Duty drawback to raise competitiveness in global apparel market

Importance for lycra based yarns/fabrics, that constitute about 25% of world trade in textiles, is growing rapidly

DGFT probing secret import of pepper

Probing alleged misuse of free trade agreements with Sri Lanka and Nepal for duty-free import

Put stock limits for jewellery showrooms to reduce gold imports: Rajesh Mehta

Interview with Chairman, Rajesh Exports

Slide in gold price impels jewellers to restock

It is estimated that a fourth of the 225 tonnes of gold imported in the two months ahead of Diwali has been used for this

Oil climbs above $79 on speculation OPEC may cut

However, Saudi Arabia has so far shown no indication that it will support such a move

GJF urges govt not to impose further curbs on gold imports

Decline in gold prices has resulted in reduced investment demand, GJF stated

Chana falls 0.25% on increased supply

Traders pare positions as stocks pile up due to low offtake

India's coffee exports pegged at 5.02 mn bags this year: USDA

The country exported 4.8 mn bags in 2013-14 marketing year (Oct-Sept); One bag contains 60 kg of coffee