Page 2227 - Commodity News
Oil prices dip on profit-taking, fiscal cliff deal concerns
Light sweet crude for delivery in Feb fell 70 cents while Brent North Sea crude dropped 45 cents
Crude oil futures down on global cues
In line with weakening trend in Asia with traders booking profits after a recent rally
Gold futures rebound on short-covering
Speculators preferred to cover-up their short positions even as metal remained weak in the overseas markets
Silver futures rebound on bargain buying
Speculators enlarged their positions on prevailing levels after yesterday's steep fall
Mentha oil falls 1.11% on profit-bookings
Speculators booked profits at prevailing higher levels amid weak demand from consuming industries
Crude palm oil rebounds on spot demand
Fresh buying by traders at existing lower levels, driven by a rise in demand in the spot market mainly helped crude palm oil prices to recover at futures trade
Copper up on global cues
Buoyed by a firm global trend and strong domestic demand
Gold prices drop to four-month low
Rupee, which fell nearly 1% on Friday, plays an important role in determining the landed cost of the dollar-quoted yellow metal.
Dairy product prices to rise globally
Supply deficit to further validate Indian govt?s lifting of ban on export Rabobank expects 20% rise in next six months
Lower cotton crop forces Gujarat ginners to rely on other states
Currently almost 50% cotton has come from Maharashtra, AP and other cotton producing states
Ore shortage cripples sponge iron makers in Karnataka
40 units already shut the remaining, operating with 27% capacity, steadily move towards closure
Oil down in Asia on US fiscal cliff worries
Light sweet crude for delivery in February shed 16 cents while Brent North Sea crude fell eight cents to $108.89
Copper up on global cues, spot demand
Firming trend overseas as US data showed demand from there may improve, influencing copper prices at futures trade
Lead weakens on profit-booking
Speculators reduced positions at prevailing levels even as metals strengthened overseas
Mentha oil rises 1.64% on domestic, export demand
Lower output this season also influenced prices
Potato up 1.27% on pick-up in spot demand
Increased demand in the spot market against tight supplies from producing regions mainly pushed up prices