Page 742 - Commodity News
Strengthen credit appraisal for gold metal loans: RBI to banks
RBI advised banks disbursing GML to carry out independent credit appraisal of the borrower and not rely solely on stand-by LC/BG issued by other banks
 "Strengthen credit appraisal for gold metal loans: RBI to banks")
Ice cream makers turn to fresh milk as powder prices pinch
Prices of skimmed milk powder (SMP), a key ingredient of ice creams, have soared, hitting ice cream manufacturers hard
 "Ice cream makers turn to fresh milk as powder prices pinch")
 "Stainless steel prices set to rise as nickel turns costlier")
 "Warburg Pincus, Tata Capital join bourses for FTIL's stake in MCX")
Agri volumes up on bourses in evening session
For most agricultural commodities, far-month contracts have seen a rise in volumes compared to near-month contracts
 "Agri volumes up on bourses in evening session")
Sugar production dips 7% in six months
The production stood at 23.1 million tonnes in the corresponding period last year
 "Sugar production dips 7% in six months")
Gold falls for fourth day on sustained selling, global cues
Traders said sustained selling by stockists against sluggish demand amid a weakening global trend mainly led to decline in the prices
 "Gold falls for fourth day on sustained selling, global cues")
Refined soya oil up 0.6% on pick-up in demand
Oil for delivery in April traded higher by 0.5%
 "Refined soya oil up 0.6% on pick-up in demand")
Sugar up 0.2% on rising demand
Lower output estimates further fuelled the uptrend
Chana down 0.7% on increased supply
Commodity for delivery in May traded lower by 0.69%
 "Chana down 0.7% on increased supply")
Mentha oil up 0.1% on industrial demand
Oil for delivery in May edged up by 0.06%
 "Mentha oil up 0.1% on industrial demand")
Aluminium down 0.3% on weak global cues
Metal for delivery in May traded lower by 0.19%
 "Aluminium down 0.3% on weak global cues")
Palm oil up 0.5% on rising demand
Oil for delivery in May traded higher by 0.28%
 "Palm oil up 0.5% on rising demand")
Potato up 1% on rising demand
Commodity for delivery in April gained 0.95%
 "Potato up 1% on rising demand")
Copper up 0.1% on positive global cues
Metal for delivery in June was up by 0.13%
 "Copper up 0.1% on positive global cues")
Nickel up 0.3% on firm demand, global cues
Metal for delivery in May rose by 0.29%
Cardamom up 0.7% on strong demand
Spice for delivery in April gained 0.4%
 "Cardamom up 0.7% on strong demand")
Oil prices rise in Asian trade
Analysts said prices were tracking gains in Asian markets today
 "Oil prices rise in Asian trade")
Coffee exports to dip in FY15 on low output
Figures for FY14 show a moderate rise of 2.8%, thanks to a sharp rise in prices during Q4
 "Coffee exports to dip in FY15 on low output")
JSW, Essar cut steel prices on strong rupee
After an increase in prices in the past three months, a revision for April was seen coming, due to appreciation in the rupee
 "JSW, Essar cut steel prices on strong rupee")