Page 2371 - Commodity News
Barley declines on rising stocks in spot markets
Speculators trimmed their positions in the market
Cardamom surges 1.73% on lower output concerns
Fresh positions in the spot market also supported prices
Nickel strengthens on global cues
Spot demand also pulled prices higher
Wheat down on record output, rising procurement
Slackened demand from flour mills also pressurised prices
Sugar prices decline on higher output
Muted demand in the spot market also pulled prices lower
Mentha oil declines 3% on profit-booking
Subdued spot demand also pulled prices down
Synthetic rubber consumption up 2% in Feb, output falls
Import up 16% to 27,695 tonne in Feb
IGC lowers world wheat output for 2012-13 to 671 mn tonne
Forecast down on adverse weather conditions in Europe, Russia, Morocco
Gold demand tepid as prices climb
Demand usually drops between June and mid-Aug when there are no major festivals and marriages
Silver moves up on higher global cues
Increased demand in the market also supported prices
Govt to boost hiring of agri machinery in 12th Plan
To get outlay of Rs 20,000-25,000 cr proposal for subisdised loans, too
Copper recovers on global cues
Better demand at spot marketsl from consuming industries also influenced trading sentiment.
Crude oil up 0.3% on global cues
At the MCX, June crude oil gained 0.30% to Rs 5,086 per barrel
Zinc prices up 0.19%
The June delivery also edged up by similar margin to Rs 105.80 per kg in a turnover of 199 lots
Mentha oil declines 4% on profit-booking
Supply pressure from producing belts in Uttar Pradesh also weigh on futures prices
Cardamom down 1% on profit-booking
Subdued demand against adequate availability in the physical market also puts pressure on prices
Palm oil up over 1% on spot demand
Firm trends abroad also influence futures market
Lead gains 0.23% on spot demand
Higher offtake by battery makers pushes prices up, but weakness on LME caps gains
Finance ministry gives nod to restructure Rs 35,000 cr of textile sector debt
Textile ministry had recently asked Bank of Baroda Capital to study the sector and prepare a debt rejig plan