Page 2354 - Commodity News
Oil retreats on profit-taking, euro zone concerns
Investors take profits from recent gains, while renewed concerns about euro zone's debt problems also pressure prices
Copper futures fall on weak global cues
China cues, weak demand from Eurozone countries push prices
Lead futures weaken on subdued demand, overseas trend
Firm rupee also weighs on prices
Zinc futures down on weak global trend, subdued demand
Weakness on LME in early Asain trade also dragged prices
Cardamom futures surge 3% on strong demand
Restricted arrivals from key producing areas also supported prices
Gold futures up on spot demand
Weakness in global market restricted gains
Potato rises on good spot demand
The rise in potato futures is attributed to increased buying by speculators and good spot demand against restricted arrivals
Crude palm oil up on spot demand
The pick-up in spot demand mainly led to the rise in crude palm oil prices at futures market
Silver futures up 0.32%
Supported by wedding season and a weak rupee, prices soar
Chana prices rise on low arrivals
The decline in arrivals from producing region and pick up in demand in the spot market mainly pushed up chana prices at futures market
Jeera surges 3.5% on export demand
The rally in jeera futures is attributed to pick-up in export demand amid restricted arrivals from producing regions
Pepper spurts 1.1% on fall in output
The rise in pepper prices at futures trade is attributed to reports of a fall in its output this year amid rise in spot demand
Edible oils remain weak on lower overseas cues, sluggish demand
US govt reports of accelerated soybean planting eased supply concerns
Sugar production up 11% at 25.1 mn tonne in Oct-Apr
Output up 500,000 tn in Maharashtra
Gold retreats as US data lifts dollar
Speculation the Federal Reserve is set to unleash another wave of monetary easing faded
Govt removes restrictions on urea imports from Iran
Restriction was imposed by STC keeping in mind Iran's decision to ban urea exports
No price rise for now, say steelmakers
Despite NMDC raising iron ore prices by 10%, major steel firms say they will follow suit if demand increases
Unlimited sugar exports to lure bargain hunters
India this year is awash with supplies from Brazil and Thailand