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GEOFIN COMTRADE OIL
After Market: Jet falls for second day, 96 stocks ready to riseBSE Midcap and Smallcap indices closed 0.27 per cent and 0.50 per cent lower, respectively.- Natural rubber falls 5% on weak demandNarrowing down of price between domestic, global market is encouraging imports.
- It looks like rubber's rally has legsThe September futures for delivery in NMCE stood at Rs 137.20 on Saturday evening.
- Palm oil producers look to expand acreage, capacities in North EastCompanies like Ruchi Soya, Godrej Agrovet and 3F Oil Palm were among several companies that started operations in the Northeast over the pa...
- Import duty norms may benefit edible oil sectorIndia consumes nearly 22 million tonnes of edible oil. Domestic production is about 7 million tonnes, the rest is imported.
- Rubber holds steady as global prices crashInternational NR prices which were over Rs 40 per kg higher than Indian prices on February 1, have crashed in the last few weeks.
- Jeera, turmeric and mustard see uptick this weekJeera, went up by 12% this week while turmeric went up by more than 5%. The hailstorm in Rajasthan and Madhya Pradesh had pushed up mustard...
- With summer rains, good demand, rubber tapping continues...This is despite the fact that prices have declined over the past few weeks after a rally which started at the beginning of this year.
- Tyre industry anticipates subdued growth amid rising rubber pricesRubber production has been on the rise this year, with a 12 per cent increase in the eight months to November from a year earlier, to 428,0...
- Indian natural rubber follows global path, price likely to touch Rs 150 soonAccording to a senior executive at the Rubber Board, Indian rubber prices generally track international prices and the market invariably ad...
- Guar seed prices climb 21% as kharif crop seen weakAcreage is expected to halve to 26 lakh hectares as farmers have shifted to other crops, mainly pulses.
- Brent correction to cut petrol bills furtherThe price on Friday was $1.19, which meant sellers of the options (who unlike buyers hold that oil won’t fall below $42) had lost a signifi...
- Fuel becomes cheaper, but Gold turns costlierBritain’s vote to exit the EU has made fuels cheaper but cooking oil, gold and silver have turned costlier in a volatile environment.
- Gold climbs to higher levels due to Brexit fearsInternational gold prices have become extremely volatile due to ‘Brexit fears’, which refers to concerns that the British voters may decide...
- Mustard seed prices may rise another 2 per centWith production this year expected at 58 lakh tonnes, 3% less than the previous year, oil millers say they will try to keep retail prices o...
- With oil down, investors shun guarGuar seed prices have dropped 10% since the beginning of the year, prompting heavy selling of the commodity by investors.
- Guar seeds plunge 10% in 2016, analysts see no trigger for recoveryGuar gum is extracted from guar seed, which is used by drilling companies to thicken water that is mixed with sand and pumped through shale...
- Price correction in crude, gold and silver contracts have driven out retail investorsThe relentless price correction in crude oil, gold over the past month has forced retail investors to withdraw from the commodity market.
- Rubber output shrinks by 36%, demand slowsProduction in December 2014 plunged 36% to 63,000 tonne. Between August and November, production fall ranged from 25% to 33%.
- Black pepper prices may its lose stingPepper exports for six months to September showed a rise of 6% in quantity and a 30%-increase in value at 10,100 tonne worth Rs 515 crore.
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