Page 2229 - Commodity News
Prices of major commodities fall
Wheat remained unchanged at Rs.2,200 per quintal
Gold futures decline on weak global cues
Analysts attributed the fall to a weak trend overseas
Cardamom gains 1.40% as demand improves
Rising export and spot demand against restricted arrivals from producing regions, influenced cardamom prices
Mentha oil gains 0.90%
Increased demand from consuming industries and lower arrivals from Chandausi ensured the rise
Silver futures down by 0.21%
Analysts attributed fall in silver futures prices to a weak trend in global markets
Crude oil futures up on overseas cues
Rise in crude oil futures was largely due to a firming trend in Asia
Crude palm oil moves up by 0.31%
A firming trend in the Asian region also supported the domestic prices of CPO
Chana falls 1.64% on profit-booking
Subdued demand in the spot market at existing higher levels also led to the price fall
Govt hikes wheat MSP by Rs 65 a quintal
Allows additional exports of 2.5 million tonne of wheat from its godowns to clear surplus stock and ease storage crunch
Castorseed falls on weak spot markets
Increased supply, reduced off-take in spot markets influenced trading sentiments
Potato falls on adequate stocks, low demand
Weak spot market trend on fresh supplies pulled down potato prices
Barley dips on selling pressure
Fall in demand from beer making industries dampened the trading sentiments
Select edible oils weaken on sluggish demand, global cues
Sentiment in edible oils turned bearish after palm oil retreated from the highest level
Wheat inches up on fresh buying
Fresh enquiries from stockists and flour mills helped wheat prices to trade higher
Silver outshines gold in '12
The trend could continue next year as well
Coffee exports dip 9% in 2012 over glut in global market
Subdued demand from Europe & US led to the drop in exports situation unlikely to change for better in 2013
Crude mixed in Asia on US fiscal cliff worries
Trade remains thin and the main focus is on US budget talks, say analysts