Page 2263 - Commodity News
India's sunflower oil imports jumps by 42%
The growth is attributed to attractive prices compared to soybean oil, says SEA
Chana down on subdued spot demand
Increased supply from producing region also put pressure on chana prices in the futures trade
Zinc down 0.35% on global cues, sluggish demand
A subdued trend in the spot market, owing to weak demand, also put pressure on zinc prices
India tyre makers favour imports as local prices soar
India imports rubber from Malaysia, Thailand and Indonesia.
Lead futures down 0.48% on subdued demand
The November contract fell by similar margin to trade at Rs 113 per kg, with a trade volume of 182 lots
Nickel down 0.87% on profit-booking
The October contract lost Rs 7.50, or 0.82%, to Rs 901.90 per kg, with a trade turnover of 3,667 lots
Copper down 0.36% on global cues
The February contract shed Rs 1.50, or 0.34%, to Rs 439.40 per kg, with a trade volume of 300 lots
Sugar up 1.29% on Rangarajan committee recommendations
Strong demand in the spot markets for the festive season too influenced sugar prices
Gold prices hit one-week low, importers buy
Global gold dropped to a 2-1/2-week low, extending falls from the previous session
Diamond players see Pakistan as a potential export destination
Expect trade relations between the two nations to boost diamond trade amid dull global market
Diamond players see export potential in Pakistan
Expect trade relations to boost diamond business amid dull global market
Chemical industry focuses on global competitiveness
R&D spends by chemical manufacturers in India currently stand at very low levels
Sugar imports hurtful for local farmers and factories
Indian import duty of 10% is no barrier to sugar of foreign origin travelling to our shores for the reason imports are taking place, export interest has ebbed away despite local surplus
FMC likely to lift guar suspension
However, differences of opinion in advisory committee convenes today to discuss the issue comexes in favour
Rubber demand-supply gap widening
Experts say this would exert pressure on supplies and prices of the commodity in the local market
Edible oil prices might fall up to 10% on bumper seed output
The price cut is set to provide a major relief to Indian consumers, who have been facing rising inflationary pressure from all sides
Gold futures fall 0.27% on global cues
Concerns that China may refrain from additional economic stimulus influences prices
Silver futures down 0.22% on weak global cues
Weak demand in domestic markets influences prices
Copper up 0.17% on firm global cues
Better-than-expected retail sales in US, sustained consumption in China influence prices