Page 2388 - Commodity News
Crude palm oil futures weaken on sluggish demand
Adequate stock in markets also drags prices lower
Zinc futures fall 0.6% on weak global cues
Slack in demand in local market also pulls zinc prices down
Gold buying stalls despite Akshaya Tritiya
Akshay Tritiya fall on Tueday, the second most auspicious gold buying day after Dhanteras
Potato futures gain 1.16% on spot demand
Restricted arrivals in the market also pulls potato prices higher
Turmeric futures shed 0.81% on higher arrivals
Weak export demand also pulls turmeric prices lower
Barley remains up on increased demand
Slowdown in arrivals supported the rise in prices
Base metals lower on weak overseas trend, firm dollar
Poor China, Eurozone economic data drags base metals
Sentiments may drive gold demand on Akshaya Tritiya
Banks, jewellers have special offers to woo customers
Karnataka iron ore mines may resume work by July
SC nod can lead to production of 6-7 mt from 49 category A, B mines
Oil up as concerns over slowing China growth ease
Economic, political uncertainties in Europe capped prices weaker euro dampened demand for dollar-priced crude
Copper up 0.3% on global cues
Analysts attributed the rise in copper trade to a firming trend at the LME
Nickel strengthens on spot demand,global cues
Analysts said besides pick-up in domestic demand from alloy-makers, a firming trend in copper and other base metals at the LME supported the rise in nickel futures
Silver futures up on spot demand for Akshaya Tritiya
Silver prices up by 0.34% to Rs 55,741 per kg in futures trading
Zinc marginally up in range-bound movements
Analysts said besides a firming trend at the LME, a pick-up in demand in the spot markets also pushed up zinc prices
Gold futures up 0.22% on spot demand
Gold futures up as speculators enlarge positions, demand increase on the back of Akshaya Tritiya
Cardamom up on spot demand
Traders said pick-up in demand in the spot market against restricted arrivals from producing regions on expectations of a decline in production in current year, attributed to the rise in cardamom prices in the futures market