Page 2258 - Commodity News
Copper weakens 0.3% on global cues
Subdued demand influences prices
Gold likely to fall past one-month low
Selling is advised on rallies in gold at Rs 31,350, with a stop loss at Rs 31,500, targeting Rs 31,000,
Maharashtra expects to cover 6.5 million hectare under rabi sowing
However, kharif crop output to be down as per initial estimates
Under-invoiced cashew import hits domestic industry
Vietnam and Brazil are exporting broken and split cashew kernels to India at throwaway prices
Rabi sowing: Maharashtra set to cover 6.5 mn ha
The increase in area is expected in rabi jowar and gram
Rupee's rise forces polymer makers to cut prices
The falling rupee gave consumers no option but to resort to buying from the domestic market
Copper rebounds 0.46% on global cues
Pick up in domestic demand fuels uptrend
Nickel up on firm global trend, spot demand
Participants built-up positions, taking positive cues from overseas markets amid pick-up in domestic demand from alloy-makers
Lead gains on overseas trend, spot demand
Pick-up in spot demand from battery-makers also helped lead to trade higher at futures trade
Zinc adds 0.57% in futures trade
Participants enlarge positions, driven by firming trend in entire base metals pack at LME
Cardamom remains up on festive demand
Strong export and domestic demand amid restricted arrivals in the spot market help raise prices
Mentha oil rises on export, domestic demand
Pick-up in overseas and domestic demand at spot markets amid lower arrivals from Chandausi in UP raises prices
Crude palm oil remains up on spot demand
A firming trend in overseas markets also influenced crude palm oil prices in the futures market
Potato down 3% on fresh arrivals, low demand
Continued fall in potato prices was due to offloading of positions by speculators due to subdued demand in the spot market
Coriander up on rising demand
Restricted arrivals from producing regions further fuelled the uptrend in coriander prices
Gold buying edges up ahead of festivals
The festival and wedding season in India will start picking up in late October and peak next month during Diwali and Dhanteras
Pepper gains 0.72% on tight supply
Hopes of increased output, weak exports restrict gains