Page 705 - Commodity News
Nickel down 0.4% on global cues, subdued demand
Metal for delivery in July traded lower by 0.34%
 "Nickel down 0.4% on global cues, subdued demand")
Crude oil down 0.4% on weak Asian cues
Oil for the July delivery moved down by 0.38%
 "Crude oil down 0.4% on weak Asian cues")
Coffee exports may decline 10% in FY15
This comes with recent dip in international prices
 "Coffee exports may decline 10% in FY15")
Odisha chrome ore rates jump on supply worries
During the auction in the third week of May, the 54-grade ore was quoted at Rs 14,524 a tonne, up from Rs 11,879 a tonne in the previous round
 "Odisha chrome ore rates jump on supply worries")
Pricing power seen returning to steel producers
Following a price rise by NMDC, steel companies are considering similar moves
 "Pricing power seen returning to steel producers")
Gold recovers on low level buying; silver trades lower
Gold adds Rs 40 to trade at Rs 27,240 per 10 grams in NCR
 "Gold recovers on low level buying; silver trades lower")
Chana strengthens 0.50% on tight supply
Traders build positions on higher offtake in spot market
 "Chana strengthens 0.50% on tight supply")
Mentha oil remains down on low demand, supply pressure
June, July contracts shed 0.5% each on higher arrivals from growing areas
 "Mentha oil remains down on low demand, supply pressure")
Refined soya oil advances 0.8% on strong demand
Speculators enlarge positions on higher offtake in spot market
Cardamom down 1.72% on profit-booking
Sluggish demand in spot market, build up of stocks fuel downtrend
 "Cardamom down 1.72% on profit-booking")
Crude palm oil prices up on rising demand
Speculators enlarge positions on lower arrivals from producing regions
 "Crude palm oil prices up on rising demand")
Copper down 0.44% on global cues
Speculators trim positions as metal loses 0.6% in London, on signs of slowing Chinese demand
 "Copper down 0.44% on global cues")
Nickel down 0.56% on weak demand, global cues
Speculators pare positions on lower offtake from alloy makers
Oil prices rise in Asia ahead of US supply report
Traders look ahead to the key US Department of Energy weekly report
 "Oil prices rise in Asia ahead of US supply report")
 "Commodity markets regulator seeks more position disclosures")
Global rubber prices nosedive over glut scare
Huge gap between demand and supply mainly contributing to rubber prices going down
 "Global rubber prices nosedive over glut scare")
Mills await Paswan's stand on sugar export subsidy
The previous UPA government had announced an export subsidy of Rs 3,300 per tonne on raw sugar
 "Mills await Paswan's stand on sugar export subsidy")
Another onion crisis in the offing
Shortage of seeds, threat of El Niño expected to restrict sowing
 "Another onion crisis in the offing")
Rubber industry in tight grips
ATMA, AIRIA are asking for an independent study to estimate the stock situation
 "Rubber industry in tight grips")
FMC set to withdraw one-day forward facility
This facility was however widely used only by the now scam hit National Spot Exchange floated by the Financial Technologies
 "FMC set to withdraw one-day forward facility")