Commodity

News

Date Heading Details
25-Apr-2019   15:00 Hrs IST India's copper exports slip 70% in FY19 <p align="justify">The India's Engineering Export Promotion Council (EEPC), which is supported by the country's trade ministry, in its latest data has showed that the country's copper products exports slipped 70% in the value terms in the year ended March 2019, as compared to fiscal year 2017-18. It added that fall in value of exports was mainly due to shutdown of Vedanta's copper smelter.</p><p align="justify">The government of the South Indian state of Tamil Nadu in May ordered Vedanta to shut its smelter in the city of Thoothukudi, after police killed 13 demonstrators during protests against alleged pollution at the plant. The site is operated by Sterlite Copper, a subsidiary of Vedanta. Sterlite alone accounts for about 40% of the country's production. So exports fell due to their shutdown.</p><p align="justify">As per the data, exports of copper and copper products, including cathodes, were $1.07 billion in the period from April 2018 to March 2019, down from $3.48 billion in the 2017/18 fiscal year. Exports to China, one of the biggest importers of copper products from India, fell over 80% in 2018/19 from the previous year. Copper production by major companies including Hindalco Industries and Hindustan Copper was about 457,000 tonnes in 2018/19, down 40% from about 766,000 tonnes a year earlier.</p><p align="justify"><br></p>
25-Apr-2019   14:37 Hrs IST Cardamom futures surge on firm demand <p align="justify">Cardamom futures surged on MCX, with enlargement of bets by the speculators amid firm demand from domestic physical markets. Further, diminished arrivals from growing regions also fuelled the upward trend.<br></p><p align="justify">The contract for May delivery was trading at Rs 1815.10, up by 4.00% or Rs 69.80 from its previous closing of Rs 1745.30. The open interest of the contract stood at 117 lots.<br></p><p align="justify">The contract for June delivery was trading at Rs 1740.00, up by 2.61% or Rs 44.20 from its previous closing of Rs 1695.80. The open interest of the contract stood at 24 lots on MCX.<br></p>
25-Apr-2019   12:46 Hrs IST Soybean futures trade tad higher on improving demand
25-Apr-2019   12:30 Hrs IST Mentha oil futures trade higher on surging demand
25-Apr-2019   12:20 Hrs IST Crude oil futures trade tad lower on MCX
25-Apr-2019   12:18 Hrs IST Copper futures decline on dip in demand
25-Apr-2019   11:58 Hrs IST Crude palm oil futures inch up on good global cues
25-Apr-2019   11:53 Hrs IST Gold futures edge down on MCX
25-Apr-2019   11:41 Hrs IST Nickel futures trade down on easing demand
25-Apr-2019   11:30 Hrs IST Cotton futures trade higher on lower output

Open A

New Account

Name
Email
Mobile Number
City
Select Products You Are Interested