Page 1175 - Commodity News

Apparel park to revive Jetpur`s textile trade fortunes

Base metal prices surge 3-8% on global demand

Commodity firm in Jaipur unveils expansion plans

4 states agree to uniform tax of 1% on bullion

Ncdex rolls out sponge iron futures

Wheat seen weak, Fed stance to steer gold

WEEKLY OUTLOOK

Disagreement over quantity holds back wheat export decision

Some CCEA members wanted govt to sell fewer quantity of wheat than the proposed 5 million tonnes

Crude palm oil down 0.7% on profit-booking

Weakening overseas markets trend also put pressure on the prices

Cardamom up 1% on spot demand

Prices were supported by pick-up in spot demand

Lead down 0.5% on subdued spot demand

Prices were affected as speculators reduced their positions

Nickel drops marginally on sluggish demand

Nickel prices were affected as participants trimmed their holdings

Aluminium falls 0.1% on global cues

Prices were affected as speculators offloaded positions

Zinc down 0.5% on sluggish demand

Prices were affected as participants reduced their positions

Brent steady near $111; ECB meeting, eco data in focus

Key US nonfarm payroll data and China's trade figures are due in the next few days

Copper marginally down on global cues

Prices were affected as speculators trimmed their positions

Crude oil futures up 0.3% on overseas cues

Prices rose as speculators created fresh positions amid a firm trend in Asia

Gold futures up 0.2% on global cues

Firming trend in the Asian region supported the trade

Oil prices mixed in Asian trade

Sentiment subdued on concerns that prolonged budget stalemate in US could hamper economic recovery

Agri meet projects maize as saviour for drought-hit areas

Revised pepper contracts with all statutory quality parameters soon

Pepper contributes between 1 - 2% of NCDEX's turnover and five per cent of the total worth of business at the Ahmedabad-based National Multi Commodity Exchange