Page 665 - Commodity News
FMC wants NSEL to be merged with FTIL, latter's management changed
Last week FMC wrote to MCA to merge NSEL with its promoter and 99% owner, FTIL
 "FMC wants NSEL to be merged with FTIL, latter's management changed")
Govt reiterates need to phase out APMCs
Looking to set up a nationwide spot market for spot agri commodity selling
 "Govt reiterates need to phase out APMCs")
Coffee planters might miss FY15 production target
After white stem borer pest attack, heavy rains play spoilsport in major growing regions
 "Coffee planters might miss FY15 production target")
MCX prepares ground for complete FTIL exit
Board to ask National Securities Depository to unfreeze 5% of FTIL's stake
 "MCX prepares ground for complete FTIL exit")
 "Double trouble for Haryana paddy processing mills")
Brent remains close to 14-month lows on weak demand
A sustained fall under $100 was seen as unlikely due to geopolitical risk in Iraq and Ukraine
 "Brent remains close to 14-month lows on weak demand")
Copper up 0.2% on global cues
Metal for delivery in November traded higher by 0.11%
 "Copper up 0.2% on global cues")
Refined soya oil up 0.4% as demand picks up
Oil for delivery in August edged higher by 0.12%
 "Refined soya oil up 0.4% as demand picks up")
Palm oil up 0.4% on spot demand
Oil for delivery in October edged up by 0.13%
 "Palm oil up 0.4% on spot demand")
Mentha oil up 0.3% on rising demand
Oil for delivery in August contract traded higher by 0.08%
 "Mentha oil up 0.3% on rising demand")
Aluminium falls by 0.1% on global cues
Besides, sluggish demand in the domestic spot markets also weighed on the metal's price
 "Aluminium falls by 0.1% on global cues")
Lead weakens marginally on global cues
Subdued demand from battery-makers also affected prices
 "Lead weakens marginally on global cues")
Nickel futures up on firm demand
Besides, an encouraging trend in select base metals in the global markets supported the upside
 "Nickel futures up on firm demand")
Silver futures marginally up on global cues
Speculators created fresh positions, tracking a firming global trend
 "Silver futures marginally up on global cues")
Cardamom rises by 0.3% on rising demand
Further, tight stocks position in the physical market on restricted arrivals from producing belt fuelled the uptrend
 "Cardamom rises by 0.3% on rising demand")
Gold futures trade a shade higher on global cues
Speculators enlarged positions amid a firming trend overseas
 "Gold futures trade a shade higher on global cues")
Crude oil rises by 0.5% on Asian cues
Speculators created positions amid a rebound in Asian trade
 "Crude oil rises by 0.5% on Asian cues")
Oil prices rebound in Asia
Bargain-hunting after tumbling on easing concerns about conflicts in Ukraine and Iraq helped prices
 "Aluminium outlook improves on rising deficit")
Surat diamond bourse project gets fillip
Dubai-based Gold Souk and Dubai Multi Commodities Center (DMCC) have decided to form an alliance with the state government
 "Surat diamond bourse project gets fillip")