Jeera prices rose by Rs 142.50 to Rs 13,13,982.50 quintal in futures trade today as traders created fresh positions buoyed by pick-up in spot demand.

Jeera up 1.03% on spot demand

Press Trust of India

Pepper prices gained 1.89% to Rs 37,240 per quintal in futures trade today as speculators creating huge positions, supported by lower crop estimates.

Pepper gains 1.89% lower crop estimates

Domestic steel consumption in the first 10 months of the current fiscal grew by 5.5% to 57.24 million tonne, primarily on account of growing demand from the construction sector.

Steel consumption up by 5.5% in Apr-Jan

Commodities will battle to attract fresh money inflows this year as doubts remain about demand from top consumer China and after sharp losses last year and higher correlation with other asset classes, which diminished arguments for diversification.

Global commodities struggle to attract new funds after losses

Reuters 

Oil prices slipped towards $123 a barrel on Tuesday as investors worried about high prices hurting demand, but ongoing supply concerns and the expectation of further liquidity injections from the ECB helped underpin prices at elevated levels.

Oil down near $123 on demand concerns

A steep fall in production, followed by large-scale hoarding by farmers in a bullish market has upset the local black pepper trade.

Pepper prices may rise 39% on low output, hoarding

Business Standard

Narrow commodities, including mentha oil and barley, have suddenly become favourites of traders at the derivative exchanges, attracting huge participation in the past few months, thereby, pushing the price in upward circuit. But, unlike guar seed and guar gum contracts, industry stakeholders deny any speculative trading in these contracts.

Minor commodities catch traders' fancy, prices zoom

In their quest for raw materials security, leading steelmakers here are breaking away from age-old dependence on coking coal imports from foreign mining majors and trading houses to ambitiously bidding for assets abroad. The country&rsquo;s resources of metallurgical coal unlike thermal variety being highly inadequate &ndash; worse still, the share of good quality hard coking coal in total resources being negligible &ndash; our import dependence on the reductant material used in blast furnaces (BF) is growing in step with rising steel production through BF route.

Outward ho for coking coal

Oil was lower in Asian trade today on profit-taking amid concerns that rising prices could hamper global economic growth, analysts said.

Oil lower in Asia on economic growth fears

Crude oil futures today fell by 0.80% to Rs 5,343 per barrel, as speculators offloaded positions in tandem with a weakening global trend.

Crude oil falls 0.80% on weak global cues

Nickel futures declined by Rs 1.60, or 0.16%, to Rs 999.20 per kg today largely in tandem with a weakening trend in base metals overseas.

Nickel down on weak overseas cues, subdued spot demand

Copper futures fell by 0.26% to Rs 419.60 per kg today as speculators trimmed their positions amid a weakening trend overseas.

Copper weakens by 0.26%  on global cues

Silver futures prices fell by Rs 100, or 0.17%, to Rs 58,610 per kg today, after speculators trimmed their exposure amid a weak trend in global markets.

Silver down 0.17% on weak global cues

Gold futures prices declined marginally by Rs 36 to Rs 29,078 per 10 grams today due to a weakening trend overseas as strengthening dollar curbed the demand for the precious metal.

Gold down 0.12% in futures trade

Turmeric prices fell by Rs 46 to Rs 4,650 per quintal in futures trade today on rising supplies and estimates of a bumper crop.

Turmeric falls on estimates of a bumper crop

Chilli prices gained 1.85% to Rs 5,618 per quintal in futures trading today as speculators enlarged their positions, tracking a firming trend at the spot market on pick-up in demand.

Chilli gains 1.85% on good spot demand

Jeera remained up for the second straight day by gaining Rs 52.50 to Rs 14,200 per quintal in the futures market today on rising demand in the spot market.

Jeera remains up on rising demand

Potato prices rose by Rs 11.20 to Rs 833 per quintal in futures trade today as traders created fresh positions, driven by pick up in the spot market demand.

Potato recovers on pick-up in demand

Both gold and silver extended gains for the second straight day in the bullion market here today on sustained buying by stockists to meet the marriage season demand amid a firming global trend.

Gold rises Rs 45, Silver up by Rs 200

Pepper futures extended gains for the second straight day by adding Rs 240 to Rs 37,095 per quintal today on rising demand, triggered by lower output estimates.

Pepper extends gains on rising demand, tight supplies

Indian gold futures are likely to extend the previous session's gains on Wednesday following a similar trend in overseas markets, though a stronger rupee could limit the upside, analysts said.

Gold seen gaining further, copper flat

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