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Oil jumps 3 percent to $63 as energy firms slash investments
Published on Thursday, December 18, 2014 5:06 PM

By David Sheppard

LONDON- Brent crude jumped 3 percent to above $63 a barrel on Thursday, extending a rebound from five-year lows this week as oil's six-month price rout forced more energy firms to cut investments in new production.

Oil this week slumped as low as $58.50 and has almost halved since June as fast-growing U.S. shale output ...

Oil jumps 3 percent to $63 as energy firms slash investments
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Govt encourages use of organic fertilisers
Published on Thursday, December 18, 2014 4:54 PM

Government is promoting use of organic fertilisers and said, studies have shown that farm yields have not fallen where use of chemical fertilisers was restricted, said the media report. Rural Development Minister Birender Singh told Lok Sabha a scheme to empower woman farmers has made positive impact as it supplements their income and use of manures like cow dung is encouraged under the sche ...

Govt encourages use of organic fertilisers
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Copper drops on weak Japan demand prospects
Published on Thursday, December 18, 2014 4:47 PM

Copper prices fell by 0.68 per cent on Thursday at the domestic markets after Japan's exports grew for a third straight month in November from a year earlier, but much more slowly than expected and despite a sharp fall in the yen as slowing demand in Asia and Europe dampened trade.

The 4.9 percent rise in exports was much weaker than a 7.0 percent gain seen by economists. At t ...

Copper drops on weak Japan demand prospects
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Downbeat China data drags down Zinc futures
Published on Thursday, December 18, 2014 4:43 PM

Zinc prices fell by 1.22 per cent on Thursday at the domestic markets after new home prices in China, the world’s biggest metals consumer, fell last month, signaling a bearish demand outlook for zinc. New home prices in China in November declined in 67 out of the 70 cities covered by a government survey.

Zinc futures for December 2014 contract, at MCX, were trading at Rs 133 ...

Downbeat China data drags down Zinc futures
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Rising inventories drags down Lead futures
Published on Thursday, December 18, 2014 4:35 PM

Lead prices fell by 1.68 per cent on Thursday at the domestic markets due to the surge in the lead stockpiles at the London Metal Exchange (LME) on account of the weak demand for the commodity. LME lead stocks rose by 975 metric tonnes to 220800 metric tonnes as on December 18, 2014.

At the MCX, Lead futures, for the December 2014 contract, is trading at Rs 116.95 per kg, down by ...

Rising inventories drags down Lead futures
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LME Inventories Data: December 18, 2014
Published on Thursday, December 18, 2014 4:34 PM

Copper stocks -1300 MT to 170900, Aluminum Stocks +9875 MT to 4271625 MT, Nickel Stocks -132 MT to 406722 MT, Zinc Stocks -3575 MT to 681700 MT, Lead Stocks +975 MT to 220800 MT.

...

LME Inventories Data: December 18, 2014
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Weak demand, higher arrivals drag down Mentha oil futures
Published on Thursday, December 18, 2014 4:01 PM

Mentha oil prices fell by 0.34 per cent on Thursday at the Multi Commodity Exchange (MCX) as a result of the increased arrivals of the commodity in the physical market from the major producing belts in Uttar Pradesh. At MCX, Mentha oil futures for December 2014 contract, at MCX, were trading at Rs. 724.50 per kg, down by 0.34 per cent after opening at Rs. 725 against the previous closing pri ...

Weak demand, higher arrivals drag down      Mentha oil futures
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Demand from consuming industries lifts Castorseed futures
Published on Thursday, December 18, 2014 1:59 PM

Castorseed prices rose by 0.49 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as a result of the rise in demand from consuming industries against restricted arrivals in domestic markets which in turn encouraged the investors to enlarge their holdings.

At the NCDEX, castor seed futures for December 2014 contract were trading at Rs. 4,739 p ...

Demand from consuming industries lifts Castorseed futures
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Increased stocks drags down Coriander futures
Published on Thursday, December 18, 2014 1:59 PM

Coriander prices fell by 0.51 per cent on Thursday at the National Commodity & Derivatives Exchange Limited (NCDEX) as the adequate stocks availability in the physical market put pressure on coriander prices. At the NCDEX, coriander futures for December 2014 contract were trading at Rs. 12,421 per quintal, down by 0.51 per cent, after opening at Rs. 12,445 against the previous closing pr ...

Increased stocks drags down Coriander futures
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