Page 2214 - Commodity News

Oil prices down in Asian trade

Investors book profits, long term prospects remain supported on positive news from US, Japan

Copper goes up 0.11% on spot demand

Fresh positions by speculators supported the trade

Nickel up 0.35% on overseas cues

Increased demand from alloy-makers supported the trade

Zinc moves up 0.5% on global cues

Firming trend in base metals overseas helped the trade here

Aluminium up 0.46% on spot demand

Strong demand triggered the uptrend

Gold futures up 0.2% on firm global cues

Firming overseas trend helped the gold futures trade here

Cardamom up 0.6% on seasonal demand

restricted arrivals from producing region suopported the trade

Mentha oil extend gains, up 0.6% on strong demand

Lower arrivals from Chandausi pushed up mentha oil futures trade

Potato extends gains, up 0.9% on strong demand

Restricted supplies helped the gains

Wheat surges 2.3% on export demand hopes

Surge in prices in global markets helped the trade here

Sugar remains weak, falls 0.5% on ample supply

Reduced offtake by bulk consumers affected the trade

Pepper up 0.36% on strong spot demand

Expectations of higher output capped the upside

Barley trades higher, up 2.03% on strong physical demand

Increased buying by traders supported the trade

Chana rises 0.8% on higher spot demand

Restricted arrivals and fears of crop damage in Madhya Pradesh capped the gains

Crude palm oil declines 0.5% on overseas cues

Speculators offloading their positions affected the trade

India 4th largest in steel output, logs highest growth in 2012

World crude steel production reached 1,548 MT for the year 2012, up by 1.2% compared to 2011

Cotton output pegged at 330 lakh bales on ball worms factor

He said according to CICR, ball worms eggs were found for the first time even in some Bt crops as well.

Industry bodies oppose commodities transaction tax

A tax on commodity transactions would dissuade those who wish to hedge risks using commodity derivatives

JSW Steel to experiment with inferior quality ore

According to a top company official, JSW Steel is trying to feed its blast furnaces with the most inferior raw material for the first time

Cotton Advisory Board scales up export, import estimates

Demand-supply gap to be met through higher imports and upward revision in opening stock