Page 2367 - Commodity News
Gold gains Rs 155, silver up Rs 500 on global cues
Hopes of fresh stimulus from Federal Reserve to boost US economy drive sentiment
Gold jewellery imports may attract 4% countervailing duty
Move intended to curb gold jewellery imports through Thailand
Oil prices recover on West Asia supply concern
G8's commitment to growth and to keep Greece in the eurozone has also spurred the market
Chana sheds 0.6% on weak spot demand
traders reduce positions following curbs on excessive speculation
Palm oil up 0.7% on global cues
Speculators take fresh positions as commodity rises 1% in Malaysia
Cardamom futures up on rising demand
Restricted arrivals from southern producing regions also supported the uptrend
Mentha oil futures fall 2.6% on profit-booking
Increased arrivals put pressure on prices
Potato gains 2% on spot demand
Fall in arrivals also pushed prices higher
Silver down 0.2% on sluggish spot demand
Reduced offtake by traders amid a weak overseas trend fuels negative sentiment
Gold futures rise on global cues
June, August contracts gains 0.16% and 0,.12% respectively as speculators creat fresh positions
Wheat recovers on hopes of higher export
However, increased supplies and rising procurement in ongoing rabi season limit gains
Nickel up 0.5% on global cues
Higher demand from alloy- makers in spot market also drives prices up
Cottonseed sheds more than 2% on profit-booking
Increased supply against lower offtake by stockists in physical markets puts weight on traders to reduce holdings
Lead rises on spot demand, global cues
May and June contracts gain 0.75% and 0.5% respectively
Crude oil futures rise on global cues
May and June contracts gain 0.18% and 0.1% respectively as speculators create fresh positions
Sugar export touches 13.51 lakh tonne in first half of 2011-12
Country had exported 28.14 lakh tonne in entire 2010-11 marketing year
Onion output estimated at 15.7 million tonne in 2011-12: Thomas
Demand for onion reported to be more or less stable throughout 2011-12