Page 2359 - Commodity News
Silver futures down on weak global trend, subdued demand
A weak trend in overseas markets and subdued spot demand have been attributed for the fall in silver prices at futures trade
Mentha oil extends losses on supply pressure
Increased supplies from Chandousi in Uttar Pradesh and sluggish demand from pharmaceutical industries mainly kept pressure on mentha oil prices at futures market
Wheat marginally down on rising procurement
The fall in wheat prices at futures trade is due to off-loading of positions by speculators as procurement of grain by the government agencies picked up at producing belts
Sugar prices decline on profit-booking
The fall in sugar futures prices was mostly owing to profit-booking by speculators after recent gains
International gold prices breach $1,600 an ounce first time since Jan
Global debt crisis cues mainly responsible for sell off
Crude palm oil slips on global cues
The decline in palm oil futures is attributed to a weakening global trend on concern that Greece political leaders may back out of bailout agreements
Cardamom down 1.2% on profit-booking
Speculators booking profits at prevailing higher levels, driven by sluggish demand in the spot market mainly led to decline in cardamom prices at futures trade
Turmeric up on pick-up in demand
The rise in turmeric futures prices is attributed to pick-up in demand in the spot market amid slow down in arrivals from producing regions
Jeera falls 1% on increased supplies
Offloading of positions by speculators on the back of sluggish demand in the spot market against increased supplies mainly led to fall in jeera futures prices
Potato remains down on increased supplies
Adequate stocks following increased supplies in the spot market mainly pulled down potato futures prices
Chana sheds 1.4% on profit-booking
Profit-booking by speculators and subdued demand in the spot market helped chana prices to trade lower
Barley declines on weak spot markets sentiment
Rise in supply coupled with fall in demand on higher levels mainly put weight on futures prices of barley
Copper down 0.3% on global cues
Weak rupee limited the downside
Zinc declines on global cues
Speculators offload positions on lesser demand
April soyameal exports up 11% y-o-y
However, shipments were down 5.4% for the Oct 2011-April 2012 period
Nickel weakens on lower global trend, subdued demand
Eurozone crisis triggered a sell off across markets
Lead softens on sluggish demand, global cues
The metal was down nearly 1% on LME
Consumer Affairs Min seeks more details from FMC on guar trade
Suggested there should be a law to enable mandatory disclosure about stock availability in the physical market
China gold imports rise 6-fold in Q4
Febuary imports up 13 times year on year
Agri ministry rejects draft proposal for new cotton output estimate regime
Says it would prefer basing its estimate on crop cutting method and not bale press method proposed by textiles ministry