Page 2240 - Commodity News
Silver moves up in futures trade on global cues
The March contract traded higher by Rs 339, or 0.55%, to Rs 62,090 per kg in 610 lots
Chana weaken by 0.69% on profit-booking
Increased supply from the major producing regions of Madhya Pradesh and Rajasthan also put pressure on chana prices in the futures trade
Cardamom up 1.21% on spot demand
Reduced supply from southern growing belts also supported prices of the commodity
Coriander rises on higher demand, tight supply
Sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts
Copper up on higher global trend
The contract traded higher by the same margin at Rs 424 per kg in 1,807 lots
Crude palm oil down on overseas cues
Fall in crude palm oil prices at futures trade was mostly attributed to a weakening trend overseas
Gold prices may rise 20% on Dhanteras, say jewellers
Geetanjali and PP Jewellers are hopeful of rise in sales by about 10% on Dhanteras which is falling on Sunday
NMDC fails to attract steel firms
At Friday's e-auctions, NDMC had fixed a base price of Rs 4,500-5,000 per tonne, depending on the grade of iron ore (a mix of calibrated ore and fines, with 63-64 per cent Fe)
Cotton production for 2012-13 to around 354 lakh bales: CAI
Area under cotton is expected to be around 3% lower compared to last year
Govt approves sale of 6.5 mn tonne wheat to bulk consumers
Also approves allocation of additional 5 lakh tonne each of wheat and rice to NAFED, NCCF and Kendriya Bhandar for sale to retail consumers
Wheat exports may exceed 5.5 mt
In the first half of the current financial year, wheat exports stood at 2.43 mt
Cardamom rises over 2% on spot demand
Restricted arrivals influence prices
Crude palm oil falls 1% on global cues
Raising of soybean-crop estimate by the US, speculation that Malaysian stockpiles will expand influence prices
Mentha oil declines 0.6% on profit-booking
Subdued demand, adequate stocks influence prices
Gold futures rise 0.24% on global cues
Fresh buying by speculators supports uptrend
Silver futures up 0.2% on global cues
Rise in spot demand supports uptrend
Crude oil gains 0.38% on global cues
Fresh buying by speculators supports uptrend
US gold edges up, holds near 3-week high on US fiscal woes
President Barack Obama will meet business, labour and civic leaders this week
Brent dips below $109, US fiscal woes weigh
Oil markets were also pressured by data showing Japan's economy shrank 0.9% in July-September