Page 738 - Commodity News

Differences abound over iron ore e-auctions in Karnataka

Steel makers, who support the proposal, face opposition from miners

West Bengal's costly shrimp farming boom

Salinity spreading but surge in incomes and jobs has had a govt panel look for ways to legalise trade

Iron ore exports from Paradip rises threefold in FY14

In November, Business Standard reported that port aims to export 5.5 mt iron ore

Edible oil processors urge FMC to withdraw time extension in agri commodities

Global exchanges do not offer trading over 4-5 hours that also with breaks as against 13-14 hours without break in India

Gold extends gains on increased buying, global cues

Silver shed Rs 30 at Rs 43,600 per kg on lack of buying support from industrial units

Steel imports dip 31% in FY14

Imports declined due to subdued economic growth and exchange rate volatility

Palm oil up 0.2% as demand picks up

Oil for delivery in April up by 0.19%

Crude oil down 0.2% on mixed Asian cues

Sentiment turned weak in futures trade largely in line with a mixed trend in Asia

Nickel up 0.2% on global cues

Marketmen said the rise in nickel prices at futures trade was mostly on the back of a firming trend in global markets

Mentha oil down 1.2% on profit-booking

Oil prices for April delivery lost 1.18%

Cardamom up 2.5% on spot demand

Spice for delivery in May gained 0.13%

Potato up 1.2% as demand picks up

Delivery for the April contract also traded higher by 1.06%

Lead up 0.2% on spot demand, global cues

Higher offtake from battery makers, firm trend on LME due to hopes of stronger US growth influence prices in futures market

Aluminium up marginally on firm trend abroad

April, May contracts up 0.09% on MCX

Sugar extends gains on strong demand, lower production

May contract adds 0.5% on NCDEX

Oil prices mixed on growing Ukraine fears

Big gains in European and US trade that were fuelled by renewed Russia-Ukraine tensions

Genetically modified jute to come up for GEAC nod

India to see genetically modified jute in a month

Agro chemical sector under stress due to trend for using hybrid seeds

Shrimp farming boom in West Bengal as farmlands shrink

Government panel is now finding ways to legalize this flourishing trade of shrimps in West Bengal, even as salinity is spreading thick and fast in these hinterlands.

Oil prices rise as Ukraine fears resurface

With Ukraine a key conduit for Russian gas to Europe, traders fear that any disruption will send oil prices higher