Page 1361 - Commodity News
Silver moves down at futures trade on reduced offtake
March silver fell Rs 413, or 0.76% to Rs 54,169 per kg in business turnover of 5910 lots
Gold futures drop below 30k level on global cues
At the Multi Commodity Exchange, April gold dropped by Rs 175, or 0.58% to Rs 29,917 per ten grams in business turnover of 5811 lots
 "Gold futures drop below 30k level on global cues")
Jeera remains up on pick up in demand
However, rising supplies from the new season crop limited the gains
 "Jeera remains up on pick up in demand")
Pepper rebounds 1.11% as demand picks up
However, estimates of a higher output this year restricted the gains
 "Pepper rebounds 1.11% as demand picks up")
Chana extends losses, down 0.09% on higher supply
The May contract traded lower by Rs 2, or 0.06% to Rs 3,448 per quintal in 31210 lots
 "Chana extends losses, down 0.09% on higher supply")
Potato gains 1.69% on spot demand, tight supply
The March potato gained Rs 12.90, or 1.69% to Rs 774 per quintal in business turnover of 46 lots
 "Potato gains 1.69% on spot demand, tight supply")
Crude palm oil rises on spot demand, global cues
March crude palm oil rose by Rs 2.40, or 0.52% to Rs 462.60 per 10 kg in business turnover of 709 lots
 "Crude palm oil rises on spot demand, global cues")
Mentha oil slides for third day on profit-bookings
The April delivery declined Rs 9.80, or 0.79% to Rs 1224 per kg in 15 lots
 "Mentha oil slides for third day on profit-bookings")
Copper down 0.4% on profit-bookings
Prices went down as speculators booked profits
 "Copper down 0.4% on profit-bookings")
Silver futures slip on reduced offtake
Weak global trend kept pressure on silver futures trade here
 "Silver futures slip on reduced offtake")
Gold futures drop below 30k level on global cues
Weak global trend affected the gold futures trade here
Oil rebounds in Asia but Italy deadlock weighs
Analysts say sentiment remains hobbled by fears that Italy deadlock could derail the eurozone's nascent recovery
 "Oil rebounds in Asia but Italy deadlock weighs")
Erratic climate to hit rabi output
Cyclone Nilam in Andhra, followed by unseasonal rainfall to hit pulses, potato and turmeric crop
 "Erratic climate to hit rabi output")
 "Cotton prices jump 7% in Feb, as buyers eye price rise")
Castor oil exports may dip 6% on low China demand
India's castor oil exports are expected to fall six per cent due to reduced demand from Chinese sebacic acid manufacturers
 "Castor oil exports may dip 6% on low China demand")
 "Iron ore exports likely to fall further in FY14")
Sugar down 0.2% on ample supplies
Hopes that government would lift curbs on the controlled sector limited the loss
 "Sugar down 0.2% on ample supplies")
Pepper sheds over 1% on higher output estimates
Prices dropped as speculators reduced their positions
Jeera up 0.6% on enlarged-positions
Rising spot market supplies capped the gains
Chana falls 0.5% on sluggish demand
Prices fell as speculators trimmed their positions