Page 2245 - Commodity News
Oil rises towards $110 on West Asia, US budget hopes
Risk analysts say it is unlikely the confrontation between Israel and Gaza will spill out into a wider conflict, but investors are wary
Rice procurement for 2012-13 picks up
Around 11.1 million tonne of rice has been procured for the central pool this season, 0.99 million tonne more than the same period last year
Don't lend for buying gold in any form, RBI tells banks
The decision was taken in view of significant rise in imports of gold in recent years putting pressure on current account deficit
Tobacco prices head northwards
Prices are expected to rise further due to a spurt in the demand for Indian tobacco
Sugar output rises in new season
Mainly due to Karnataka mills UP output to pick up in another week, as government still to issue its floor price for cane
Link between China's leadership change and iron ore prices
India's iron ore exports, which almost entirely are destined for China, have skid from 117 mt in 2009-10 to 61.8 mt last year and this time it will be around 35 mt
Crude down on profit-taking, French rating cut
Light sweet crude for delivery in January shed 31 cents to $88.97 a barrel and Brent North Sea crude for January delivery fell 18 cents to $111.52
Turmeric falls 1.75% on weak export demand
Speculators offloaded their positions fuelled by weak export demand
Brent steady above $111 on US fiscal deal hopes, West Asia tension
Brent crude edged down 11 cents to $111.59 per barrel
Pepper remains up on thin supply
Speculators enlarged their positions, supported by tight supplies
Jeera declines 0.34% on sluggish demand
traders reduced their positions, tracking a weak trend at spot market on sluggish demand
Wheat down 0.38% on adequate supply
Speculators selling on expectations of an increase in supplies
Sugar extends gain in futures trade
Speculators engaged in building-up positions, expecting a delay in crane-crushing in sugar producing states.
Mentha oil extends gain, up 0.65% on increased demand
Restricted arrivals from producing regions also supported the uptrend
Cardamom remain up on rising demand
Tight stocks availability in the physical market due to less arrivals from producing belts also supported the upsurge
Crude oil down on global cues
Fall in crude oil futures prices was in line with a weakening trend in Asia after ratings agency Moody's downgraded the French government bond rating