Page 2320 - Commodity News
Silver weakens in futures trade on global cues
September contract sheds 0.33%, December loses 0.16% as stronger dollar sees reduced interest in the metal
Copper weakens on overseas trend
August, November contracts lose 0.3% each as traders offload
Mentha oil up on firm spot demand
August, September contracts gain more than 1% each on higher offtake from pharma units
Zinc softens on subdued demand, global cues
July, August contracts shed 0.34% each on fears of declining demand from China
Palm oil rises 2% on spot demand
Speculators take fresh positions on hopes of Chinese stimulus measure
Gold seen falling for fifth week
Weighed by expectations of a firm rupee amid steady global markets
Chana up almost 3% on low supply
Higher offtake by speculators on rising spot demand for the coming festival season leads to rise in futures prices
Coriander up 2% on strong demand
Higher offtake by speculators, lower arrivals from producing belt push up prices
Cardamom extends gains, up 1.79% on tight supply
Lower arrivals from producing regions add to surge in futures prices
Sugar extend gains on rising demand
Poor rains in key growing areas, lower release of free-sale quota see August prices surge 1.5%
Potato gains 1.4% on surge in demand
Lower sowing in producing areas due to delayed rains supported uptrend
Nickel down 0.2% on weak global markets
Weaakness gin abroade, fearns of lower offtake from China add to negative sentiment
Oil holds above $102 on China stimulus hopes
Wen Jiabao commented that the govt would step up its efforts to boost the economy
Talks on for MSP prop to pulses, oilseeds
Food ministry, Nafed want full subsidy for this mandate would also like state governments to bear part of the burden
Crude oil futures up on global cues
Speculators enlarge positions
Copper rises on global cues, spot demand
Buoyed by a firming trend overseas and pick-up in domestic demand