Page 410 - Commodity News
Silver futures down by 0.3% on global cues
Participants cut down their bets amid a weak global trend
 "Silver futures down by 0.3% on global cues")
Oil falls on profit-taking after output cap hopes drive rally
Prices jumped yesterday after Venezuela said it was preparing to meet with other producers in March to discuss ways to stabilise the market
 "Oil falls on profit-taking after output cap hopes drive rally")
Potato prices soar 40% in Bengal despite govt claims of stable output
Second govt estimate expected within a month; traders contend production is quite lower than last year
 "Potato prices soar 40% in Bengal despite govt claims of stable output")
Global cotton price at 80-mth low
Futures are trading at 57.41 cents, a level seen back in August 2009
 "Global cotton price at 80-mth low")
Lead up by 0.7% on spot demand
A firming trend in base metals also supported the upside
 "Lead up by 0.7% on spot demand")
Mentha oil falls by 0.4% on profit-booking
Speculators booked profits amid subdued spot demand, affecting prices
 "Mentha oil falls by 0.4% on profit-booking")
Zinc up by 0.1% on global cues
Besides, an increased demand from consuming industries at spot markets fuelled the uptrend
 "Zinc up by 0.1% on global cues")
Gold futures decline by 0.4% on profit-booking
A firming trend overseas however capped the fall
 "Gold futures decline by 0.4% on profit-booking")
Crude palm oil up by 0.7% on pick-up in demand
Besides, restricted supplies from producing belts fuelled the uptrend
 "Crude palm oil up by 0.7% on pick-up in demand")
Nickel falls by 0.9% on muted spot demand
Traders reduced positions, tracking a weak trend at spot market
 "Nickel falls by 0.9% on muted spot demand")
Silver futures slide by 0.3% on global cues
Traders cut down their bets at prevailing levels amid a weak global trend
Oil prices fall as oversupply worries return
US gasoline inventories fell after OPEC kingpin Saudi Arabia shot down hopes for an output cut
 "Oil prices fall as oversupply worries return")
High price, poor quality make wheat exports unviable
Exports fall 82% in April-Dec to 550,000 tonnes
 "High price, poor quality make wheat exports unviable")
Segment shift in edible oil sales
Share of sale in loose form more than halves to 30% in five years from 70% earlier
 "Segment shift in edible oil sales")
Goa to put 8 mt of unsold iron ore on the block
Buyers may abstain from participation due to high base price, govt to approach Supreme Court for further direction
 "Goa to put 8 mt of unsold iron ore on the block")
Gold regains Rs 29K-level on global cues, wedding season demand
Fresh buying from jewellers as well as retailers in view of wedding season supported the upside in gold
Base metals slide on global cues, low demand
Traders said sentiment turned bearish after zinc dropped for a second day in global markets after entering a bull market on Tuesday, as most industrial metals fell along with stock markets and oi
Cotton futures drop on selling pressure
29mm cotton delivery for March dipped by Rs 190, or 1.18 per cent, to Rs 15,930 per bale
 "Cotton futures drop on selling pressure")
Gold futures rise 0.33% on firm global cues
At the Multi Commodity Exchange, gold for delivery in April rose by Rs 98, or 0.33 per cent, to Rs 29,400 per 10 grams, in a business turnover of 959 lots
 "Gold futures rise 0.33% on firm global cues")
Cardamom falls by 1.6% on profit-booking
Sufficient stocks position in the physical market also influenced the prices
 "Cardamom falls by 1.6% on profit-booking")