Page 2272 - Commodity News

India's reliance on pulses import to go up

Massive tur crop damage on pest attack to reduce production from domestic sources

Coffee output seen lower than last year

Having witnessed a 40% drop in rainfall during the pre-blossom period earlier this year

Copper rises 0.7% on global cues

Pick up in spot demand helps uptrend

Zinc up on good demand, global cues

Amid pick-up in domestic demand and a firming global trend prices rise

Aluminium rises on global cues, spot demand

Rise in aluminium prices at futures trade in line with firming trend in base metals at LME amid increasing demand from domestic consuming

Sugar up on festive demand

Speculators enlarged positions amid expectations that festivals will raise the demand for the sweetener

Mentha oil falls 1% on profit-booking

Speculators booked profits at prevailing higher levels amid weak demand in the spot market

Cardamom down on profit-booking

Adequate stocks following increased arrivals from producing regions also put pressure on cardamom prices in futures trade

Crude palm oil declines on global cues, profit-booking

Also, subdued demand in the spot markets put pressure on the oil prices

Chilli up on export demand, limited supply

Speculators create huge positions driven by overseas and domestic demand

MCX exploits opportunity at the cost of NCDEX

Launches steel contracts conforming to the quality of the Bureau of Indian Standards

Chana weakens on subdued spot demand

Speculators indulge in profit-taking at existing higher prices, driven by a subdued demand in spot market

Spices up on festive buying, better rabi crop estimates

Turmeric for December delivery jumped by 2.3% to trade at Rs 5,134 a quintal

SC order on resuming mining in Karnataka on Monday

CEC recommends permitting resumption of mining operations by Category A mines

Govt mulls steps to tackle high prices of essential commodities as output falls

It is considering extending the limit for holding pulses and edible oil stocks for another year, starting October

Poultry business to get a boost

Also, a surge in demand from Kerala may aid business

Gold zoom to all-time high at Rs 31,725 on firm global cues

Trading sentiment was bolstered as the precious metals posted the highest monthly gains since Jan

Gold up on QE3 hope in the US, sets new record in India

While Bernanke did not explicitly say anything on further easing at Jackson Hole, the bullion market is expecting some more measures in the US Federal meeting on September 12-13

Demand for gold loans set to revive

Usually, during the kharif monsoon season, farmers mortgage gold jewellery to buy high-quality seeds and fertilisers, repaying the loans after the harvest

Sugar surplus forecast cut at Kingsman as Indian output slides

Supplies will exceed demand by 8.7 million tonnes in the 2012-13 season starting in October, below a June forecast of 9.3 million tonnes