Page 452 - Commodity News

Economic uncertainty, supply glut weigh on oil after Paris attacks

Tomato prices start falling as supply improves

Backed by subsidy, China dumps aluminium surplus in world markets

Veg oil imports up 24% on low domestic supply

Decline in availability from domestic sources on lower seed availability and negative crushing parity trigger the rise

Black pepper prices to soften soon on Sri Lankan import

This not because of rise in local production, but due to import of other origins especially from Sri Lanka

Weak rupee to help revive exports: Coffee Board

Board estimates 3,55,600 metric tonnes of coffee production in this year

Basmati rice and sugar stocks up on favourable fundamentals

Price moves up in physical markets, Iran to issue rice import licence; lower production estimates help sugar stocks

Sugar output may fall by 4.6% to 26.8 mn tonnes this year: ICRA

India had produced 28.1 million tonnes of sugar in the 2014-15 marketing year

Crude palm oil falls by 1% on tepid demand

Stockists reduced positions, taking negative cues from spot market

Uptick in demand lifts mentha oil by 0.4%

Restricted supplies from producing regions also affected prices

Cardamom falls by 0.9% on muted spot demand

Traders reduced their positions, tracking a weak trend at the spot market on subdued demand

Silver futures rise by 0.9% on firm global cues

Speculators widened bets amid a firming trend in precious metals overseas

Nickel up by 0.4% aided by spot demand

Speculators enlarged bets amid a firming trend overseas and spot demand

Copper falls by 0.2% on weak global cues

Participants trimmed exposure, tracking a weak trend in base metals overseas

Lead up by 0.2% on spot demand

Speculators built up bets on rising demand in the domestic spot market and a firming trend overseas

Gold futures up by 1% on global cues

Speculators raised their bets after the precious metal rebounded in global markets

Crude oil up by 1.5% on overseas cues

Speculators widened positions amid a firm trend overseas on geopolitical tensions sparked by the Paris attacks

Oil prices up on geopolitical tensions due to Paris attacks

However, analysts said a global crude supply glut is likely to restrict any gains

Commodity picks

Gold monetisation pace fails to find the Midas touch

Scheme aims at monetizing idle gold estimated around 22,000 tones with Indian households and temples