Page 2373 - Commodity News

Tobacco Board to reduce crop size by 8%

FMC mulls nod for 2-day margin funding

Asks exchanges for opinion on proposal, with chairman saying a change seems in order

National power bourse gets merger offers from 2 others

Global consumption of coffee up 1.7% in 2011

Potato buoyant as demand picks up

June contract up 0.46%, July potato adds 0.05%, as lower arrivals from producing areas also boosts prices

Palm oil up marginally on spot demand

May and June contracts up 0.02% and 0.46% respectively

Chana up on spot demand

Tight supplies in the market also supported prices

Crude oil futures down on weak Asian cues

June and July contracts down 0.02% and and 0.04% as speculators cut positions

Turmeric rises on spot demand

Expectations of increased output restricted the gains

Jeera up on spot demand, tight supply

Prices up 2% on strong fundamentals

Copper weakens on global cues, subdued domestic demand

Prices down 0.2% from previous close on the MCX

Asian gold set for 4th losing month on euro zone woes

Deepening euro zone debt crisis buoyed the dollar and dented bullion's safe-haven draw.

Nickel gains 0.31% as demand picks up

Firm trend on the LME also supported prices

Gold futures down on global cues, sluggish spot demand

June contract sheds 0.18% to Rs 29,117 per 10 gm, August gold loses 0.14%

Silver futures down 0.5% on global cues, weak spot demand

Fresh euro-zone worries drive investors to seek dollar as a safe haven over the precious metal

Mentha oil rebounds as demand picks up

May and June contracts rise as much as 2% each, as lower arrivals from producing areas boost prices further

Lead down on subdued demand, weak overseas cues

Weak global trend mainly pulled the metal down

Cardamom recovers 0.16% on spot demand

Restricted arrivals from producing regions add to price rise

Asian gold up, but set for worst May performance in 30 years

Expectations of an Irish vote in favour of Europe's fiscal pact lifted the euro

FMC finds huge disparity in open position & trade volume

Indicates the day trading volumes and speculation are in excess of open interest positions, which is not in line with the purpose of commodity futures market as a hedging platform