Page 2273 - Commodity News
Gold importers wait for price declines
The festive and wedding season is now underway in India, the world's biggest buyer of bullion, and will continue till November
US gold near 5-month high on stimulus hopes
However gave few hints on any imminent action
Sugar up 0.56% on output concerns
Spot demand contributes to uptrend
Copper rises 0.3% on global cues
Pick up in domestic demand contributes to uptrend
Nickel gains 0.4% on firm global cues
Pick up in domestic demand from alloy-makers supports uptrend
Oil slips towards $114 after weak Chinese data
After Chinese data showed a deepening slowdown in the world's biggest energy consumer
Lead gains 0.37% on spot demand, overseas trend
Hopes that China and the US will introduce more stimulus to boost their economies influences prices
Zinc edges higher on global cues
September contract up 0.44%
Crude oil down 0.5% on Asian cues
Weaker-than-expected manufacturing data from China behind weak trend
Mentha oil falls 0.4% on profit-booking
Adequate stocks fuel downtrend
Cardamom falls 2.85% on profit-booking
Increased arrivals influence prices
Potato falls 1.43% on increased supply
Low demand contributes to downtrend
Chana remains weak on sluggish demand
October contract falls 0.54%
SC allows 18 Category A mines to restart ops
But steel firms will have to wait for 6 months for supplies to normalise
Rains to boost cotton yield in Haryana
Punjab has registered 105.1 mm of rainfall in August while that for Haryana stands at 151.6 mm
Avoidable brakes on India's aluminium capacity growth
As aluminium prices are moving towards $1,800 a tonne, 30% of the world capacity stands unviable
FMC asks commexes to focus on farmers
These programmes are those that are funded by the regulator and are over and above the ones organised by these exchanges on their own
Some relaxation for energy exploration firms
However, officials clarified there would be no change in duty for imports which currently stands at zero for import of capital goods
Cardamom down 1.5% on profit-booking
Adequate stocks influence prices