Page 2259 - Commodity News
Pepper gains 0.72% on tight supply
Hopes of increased output, weak exports restrict gains
Jeera up over 2% on firm demand
Limited arrivals from producing belts influence prices
Textile body stresses use of technology to raise cotton productivity
Cotton production during the current year is expected to decline to 33.4 million bales from 35.3 million bales last year
Forward the regulator
New commodity trading law should enhance regulation
Not many takers for ore at Karnataka auctions
At the e-auctions held on October 5 for 1.14 mn tonnes of iron ore, buyers showed interest to buy barely 160,000 tonnes
NMDC cuts iron ore prices by up to 11%
The country's largest miner has decided to review prices every month now, instead of once every three months
Rabi crop's sowing advanced by a month
Union food minister K V Thomas also recently advised farmers to commence early sowing of rabi crops
Resuming guar futures on FMC panel agenda
The panel of 45 members representing exchanges, farmers, commodity experts and other stakeholders, was formed last week
Cardamom tumbles 3% on profit booking
Increased arrivals from the producing regions also put pressure on the cardamom prices in futures trade
Crude palm oil declines on profit-booking
Prices decline on emergence of profit-booking by speculators, driven by subdued demand in the spot markets
Mentha oil extends gains, up 1.83% on strong demand
The October contract rose by Rs 7.20, or 0.61%, to Rs 1,180.90 per kg, with a trading volume of 576 lots
Potato hit lower limit, falls 4% on weak demand
Speculators offload their positions on less demand in the domestic markets amid adequate stocks
Castorseed up on firm spot demand
Strong export demand of castoroil seed cake also supported the prices
Gold prices hit one-week high, Indian importers retreat
The rupee, which weakened past Rs 53 to hit a near two-week high,
Mustardseed up on strong festive demand
Brisk demand from vanaspati and other edible oil mills also influenced trading sentiments
Chana up 1.82% on good demand
Restricted arrivals of the commodity in the physical market due to lower estimated output also influenced the chana prices
Coriander up on good demand
Sentiment improved further as a result of the limited stocks on account of restricted arrivals from the major growing belts
Imitation jewellery gains as gold prices soar
Imitation or gold plated forming jewellery has a very thin gold coating on copper base
Investor wealth in gold ETFs hits record high of Rs 11,000 cr
Surge comes at a time when govt is contemplating steps to encourage large flow of household savings into equity, mutual funds and other financial instruments
Gold futures rise on spot demand
However, a weak global trend restricted the gains.