Page 437 - Commodity News

Raw jute, jute bag prices to firm up on govt buying

Raw jute prices have almost spun out of control, touching an unprecedented high of Rs 50,350 per tonne

Cardamom prices fall by 0.7% on subdued demand

Besides, sufficient stocks in the physical market also influenced its prices

Zinc falls by 0.9% on global cues

Fall in prices was mostly attributed to a weak trend in copper and other base metals in the global markets

Nickel prices fall by 0.4% on global cues

Subdued demand at the domestic spot market also affected prices

Copper falls by 0.9% as trend weakens

Furthermore, subdued demand at domestic spot market pushed down metal prices

Lead down by 1.6% amid weak global trend

Low domestic demand also affected prices

Rough diamond trading might start in India soon

Currently, Indian diamantaires source rough diamond through direct sightholding and participation in global auctions overseas

Crude palm oil prices up 0.5% in futures trade

Participants indulged in creating positions, driven by pick up in demand in the spot market

Steel ministry for removing duty exemption categories

Has asked Commerce Ministry to recommend amendment of the customs rules

Oil recovers ahead of US inventory numbers

Brent crude bounced from an 11-year low as investors await a closely watched US crude inventory report

Low oil prices could slow migration to non-fossil fuels

Global supply is staying in excess of demand in an uninspiring world economic environment

Brent crude oil falls to 2004 low as market rout heads into Christmas

Global production remains at or near record highs and new supply looms from the Iran and the United States

Crude palm oil rises by 1.9% as demand picks up

A firming trend in the global market also influenced prices

Zinc rises by 0.4% on spot demand

A firming trend at the domestic spot market on pick up in demand influenced prices

Mentha falls by 0.8% on profit-booking

Speculators booked profits amid subdued spot demand

Cardamom rises by 0.6% on spot demand

Speculators enlarged their positions, tracking a firming trend at the spot market on strong demand

Nickel falls by 0.5% on weak overseas cues

Muted demand from alloy-makers at the domestic spot markets also weighed on the metal prices

Copper falls by 0.3% on weak global cues

Moreover, muted demand at domestic spot markets also put pressure on prices

Commodity picks

Cotton output may dip 11% on steep fall in yields

Acreage under cotton down by 7.5% as fall witnessed across states due to poor return during previous season