Page 450 - Commodity News
Oil prices slightly up in Asia but gains limited
Markets have been burdened by a persistent oversupply
 "Oil prices slightly up in Asia but gains limited")
Gold monetisation norms relaxed as only 400 gm gold deposited
Move prompted by tepid response to gold monetisation scheme in the fortnight since its launch
 "Gold monetisation norms relaxed as only 400 gm gold deposited")
Sugar output up 33% in early crushing season
At the season's outset, Isma estimated India's total production at 27 million tonnes
 "Sugar output up 33% in early crushing season")
Tomato price jump multi-fold due to crop damages
Tomato prices are expected to remain firm for a month till the new crop hits mandis
 "Tomato price jump multi-fold due to crop damages")
 "Oil slides again")
Oil traders prepare for next big price drop in March
Mild winter ahead could see weak heating demand in the US, Europe
 "Oil traders prepare for next big price drop in March")
 "Govt mulling import duty rise for aluminium")
Coriander futures fall on low demand
Commodity for November delivery eased by Rs 96, or 0.94%
 "Coriander futures fall on low demand")
Copper down 0.9% on global cues, low demand
Metal for delivery in far-month February next year shed Rs 2.30, or 0.74%
 "Copper down 0.9% on global cues, low demand")
Chana falls by 1% on higher supply
Participants reduced exposure, triggered by higher supplies from producing regions at the spot markets
 "Chana falls by 1% on higher supply")
Zinc down by 1.5% on lower global trend
Sluggish demand at domestic spot market also affected prices
 "Zinc down by 1.5% on lower global trend")
Mentha falls by 0.5% on profit-booking
Sluggish demand from consuming industries at the domestic spot market also affected prices
 "Mentha falls by 0.5% on profit-booking")
Nickel declines by 0.2% on weak global cues
Speculators trimmed their positions, tracking a weak trend overseas
 "Nickel declines by 0.2% on weak global cues")
Gold futures gains by 0.3% on firm global cues
Speculators enlarged positions, tracking a firm global trend
 "Gold futures gains by 0.3% on firm global cues")
Silver up by 0.5% in futures trade on overseas cues
Traders attributed the rise in silver futures to a firm global trend
 "Silver up by 0.5% in futures trade on overseas cues")
Cardamom surges on rising demand, tight supply
Speculators indulged in strengthening positions coupled with firm spot demand
 "Cardamom surges on rising demand, tight supply")
Crude palm oil falls by 0.5% on muted demand
Higher supplies from producing regions also affected prices
 "Crude palm oil falls by 0.5% on muted demand")
Oil prices up on France IS strikes, stockpiles data
Strikes against the IS could worsen the geopolitical tensions in the oil-producing Middle East region and this supports crude prices
 "Oil prices up on France IS strikes, stockpiles data")
Pulses rise again on supply concern
Traders say shortage will continue for a while, also feel govt crackdown on stock holdings worsening the problem
 "Pulses rise again on supply concern")
Gold hovers near 2010 low
Spot gold was up 0.07 % at $1,071.4 an ounce after falling to $1,064.95 earlier, the lowest since February 2010