Select base metals turned weak and traded up to Rs 2 per kg lower on the non-ferrous metals market today in tandem with weak trend overseas amid reduced offtake by consuming industries.

Base metals decline on global cues

Press Trust of India

Silver prices surged to record levels in futures trade today by surging Rs 302 to Rs 33,800 per kg on heavy buying by speculators in tandem with a firming global trend.

Silver futures rise to record on global cues

The value of Australian iron ore assets has sunk by half over the past quarter, led by a decline in prices of the commodity. &ldquo;We had valued the asset at $230 million, but now I don&rsquo;t think we should pay more than half of that,&rdquo; said a domestic mining company bidding for one of these assets. Chinese policies &mdash; phasing out of stimulus packages, hemming of the real estate sector and closing of obsolete units &mdash; are being blamed for this.

Global iron ore prices decline as China consumes less steel

Business Standard

Even as Maharashtra is expecting a bumper sugar production of 9.5 million tonnes in the current crushing season, surpassing its own record of 9.1 mt in 2006-07, the cooperative sugar industry expects a Rs 2,375-crore cash loss. The reason: A mismatch between the cost of production and realisation, the difference being around Rs 250 a quintal. The realisation is estimated at Rs 2,450 a qtl, as against the production cost of Rs 2,700 a qtl.

Maharashtra govt to discuss help to sugar mills

Cardamom prices fell by Rs 13.20 to Rs 1,028 per kg in futures trade today on continued profit bookings by speculators at higher levels amid subdued demand in the spot market.

Cardamom remains weak on profit booking

Continuing on its record-setting spree, gold gained another Rs 133 to yet another high of Rs 19,833 per ten grams in futures trade today after the precious metal soared to an all-time high overseas.

Gold futures hit record high Rs 19,833 on global cues

Silver prices surpassing all records, soared to hit a new high of Rs 34,815 per kg as speculators created huge positions, tracking firming trend overseas.

Silver at record high in futures trade on global trend

Taking firming cues from global market, copper futures rose by 0.90 per cent to Rs 369.35 per kg today.

Copper futures rise 0.90% on global cues

Refined oil prices rose further by Rs 2.65 to Rs 486.25 per 10 kg in futures trade today, as traders indulged in enlarging their positions, driven by pick up in demand at spot markets.

Refined soya oil remain higher on physical demand

Potato prices fell by Rs 7.20 to Rs 579.80 per quintal in futures trading today, on profit booking and subdued demand at spot markets.

Potato falls on subdued demand in spot markets

Chana prices dipped by Rs 11 to Rs 2,161 per 100 kg in futures today, as speculators preferred to book profits at higher levels, triggered by subdued demand in the spot market.

Chana futures weakens on profit taking

Tracking global markets, silver and gold prices rallied sharply in the early trade on the local bullion market today.

Silver crosses Rs 35,000-level, gold rallies to a new peak

Crude palm oil rose by Rs 3.30, to Rs 411.30 per 10 kg in futures trade today, as speculators indulged in creating fresh positions on expectations of rise in demand for the upcoming festive and marriage season.

Crude palm oil up on good spot demand

Nickel futures rose by over one per cent to Rs 1,122.30 per kg today, supported by a firming trend overseas and pick-up in domestic demand.

Nickel rises over 1% in futures trade

Mentha oil prices rose by Rs 10.30 to Rs 905.30 per kg in futures trade today on pick up in domestic and export demand at lower levels, against slowdown in arrivals from producing regions.

Mentha oil up 1.15% on pick-up in demand

Zinc futures gained 0.97 per cent to Rs 104.15 per kg today, as speculators built up fresh positions, tracking a firming trend in base metals overseas.

Zinc futures up on firm global cues

Pepper prices dropped by Rs 330 to Rs 18,864 per quintal in futures trade today on heavy offloading by speculators on sluggish demand in the spot market.

Pepper drops in futures trade on weak demand

Jeera prices fell by Rs 75 to Rs 13,271 per quintal in futures trade today on emergence of profit booking by speculators at existing higher levels.

Jeera futures falls on profit-taking

India's oilmeal exports rose by 53 per cent in September, highest in the last six months, to 3.54 lakh tonnes -- as compared to the year-ago period -- on improved availability of oilseeds for crushing.

Oilmeal exports up 53% in September at 3.54 lakh tonnes

The US Department of Agriculture (USDA) has pegged India's sugar production at 23.6 million tonnes in the ensuing 2010-11 sugar year, marking an increase of over 26 per cent from last year.

USDA pegs India's sugar output at 23.6 mn ton for 2010-11

Crude oil prices rose by Rs 31 to Rs 3,873 per barrel in futures trade today, as speculators enlarged their positions in tandem with a firm global trend.

Crude oil futures up on global cues

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