In restricted activity, maize prices drifted by Rs 10 per quintal on the wholesale grains market today owing to slackness in demand against adequate stocks.

Maize eases on reduced offtake

Press Trust of India

There was not much activity on the local plastic market today, as polymers prices moved in a narrow range on subdued demand and settled around previous levels.

Polymers remain flat in thin trade

Cashew prices rose by Rs 5 per kg in the national capital today, largely on pick up in buying activity on firm domestic demand to meet for the festive and marriage season.

Cashew rises on fresh buying

Copra Kozhikode prices edged higher at the spices market here today on increased demand from retailers amid reduced arrivals.

Copra Kozhikode edges up on better demand

Tracking a firm global trend, crude oil futures prices rose smartly by Rs 30 to Rs 3,660 per barrel today.

Crude oil futures up on global cues

Black pepper and turmeric prices rose by Rs 200 per quintal each in the national capital today on firm local demand, hopes of pickup in overseas buying.

Pepper, turmeric rises on fresh buying

Gold prices regained Rs 20,000 per 10 gram level and silver rose to an all-time-high in the national capital today on frantic buying by stockists and jewellers to meet ongoing festive and marriage season demand, amid a firm global trend.

Gold regains 20k level on seasonal demand, global cues

Menthol prices rose by Rs 10 per kg in the national capital today on fresh buying by consuming units and export enquiry.

Menthol rises on fresh buying

The wholesale gur (jaggery) prices fell down by Rs 200 per quintal in the national capital today, following heavy arrivals amid reduced offtake.

Gur closes lower on slugish demand, better supply

Quiet conditions persisted on the wholesale steel and iron market today as prices in range-bound trade on restricted&nbsp; activity, settled around previous levels.

Steel prices remain steady in thin trade

Sugar prices strengthened by Rs 25 per quintal in the national capital today, following pick up in demand from retailers for the festive season.

Sugar prices up on fresh buying

Buoyed by the firm trend at the London Metal Exchange (LME), copper and other base metals strengthened up to Rs 5 per kg on the wholesale non-ferrous metal market today.

Select base metals strengthen on global cues

Sugar prices rose at the Vashi Wholesale market here today due to heavy stockists as well as domestic demand ahead of festivals.

Sugar spurts on festive offtake

Groundnut oil prices declined further in an otherwise subdued oil and oilseeds market here today due to lack of demand from stockists and retailers amid higher arrivals from producing regions.

Groundnut oil slips on weak demand

India will allow exports of edible oils in small packets until next October, when the current marketing year ends, a government statement said on Monday.

India allows edible oil exports until Oct 2011

The erratic rainfall in major natural rubber (NR) growing areas is affecting tapping, affecting production since the last seven-eight weeks. If the rain continues for a couple of more weeks, the price of benchmark grade RSS-4 may cross Rs 200-a-kg mark. The price was Rs 192 a kg today, both in Kochi and Kottayam.

NR price may touch Rs 200/kg

Business Standard

Dineshbhai Vayani, a small-time diamantaire and trader till a couple of months ago, now works in a textile machinery factory. Unable to afford rough diamonds as well as find buyers for his polished diamond, he had to shut down his small unit and switch job. Vayani, who still visits the streets of Mini Bazaar on Varachha Road in Surat - a hub for diamond polishers and traders, blames banks for not providing finance to small-timers like him.

Surat Irony: Small diamantaires lack finance even as big default

India&rsquo;s coffee exports rose by 67 per cent to 25,000 tonnes in October, the first month of the 2010-11 crop year, on the back of strong global demand and lower prices. &ldquo;We have exported 25,000 tonnes of coffee in October, this year, against 15,000 tonnes in the same period in 2009,&rdquo; a senior Coffee Board official said on Monday. Overall, coffee exports during January-October this year have also risen sharply to 251,355 tonnes from 157,824 tonnes in the year-ago period, he said.

Coffee exports up 67% in October on strong demand

Last week this column spoke about the importance of condemned sea going vessels as a source of scrap steel, particularly plates for straight rerolling. But volume-wise, a more important source of ferrous scrap is imports. The imported scrap used as furnace feedstock originates in a variety of products like machinery and equipment and vehicles. Shredded and heavy melting scrap for which electric arc furnaces (EAF) and induction furnaces (IF) have a preference naturally constitute the major portion of our scrap imports.

The problem of making ferrous scrap

Oil was higher in Asian trade today on the back of upbeat industrial data from the US and China, the world's major energy consumers, analysts said.

Oil higher in Asian trade, NY crude above $83

Gold jewellery sales is likely to increase by up to 15 per cent during Dhanteras compared to last year, as prices have steadied, experts said.

Dhanteras may see 15% hike in jewellery sales this yr

Get the latest commodity market news and daily price updates on gold, silver, crude oil, and more. Stay informed with real-time trends and expert insights at Business Standard.

Page 1568 - Commodity News