Page 456 - Commodity News

Jewellers see flat gold sales this Dhanteras

Weak economic environment and poor monsoon cause of the trend

NCDEX hikes margin on chana to 50% to curb speculation

There is 25% margin on chana buyers as of now and 5% margin on sellers

NCDEX imposes 75% margin on chana bulls

With this, the total margin in November chana contracts will be 75 per cent on long positions from Monday

Jewellers bet on Diwali gold demand

Strong buying opportunity; long-term consumers may wait till US Fed interest rate hike

Gold monetisation may do better than expected: UBS survey

Large portion of respondents not resistant to idea of temple gold also being deposited

Oilmeal exports fall by 40% during April-October 2015

Exports in October fell drastically by 94%

Nickel down 0.1% as weak global cues, muted demand weigh

Metal for delivery in December also fell by 30 paise, or 0.05%

Refined soya down 0.5% on adequate stocks

Oil for delivery in November declined by Rs 2.55, or 0.41%

Mentha oil down 0.5% on low demand

Oil for delivery in December traded lower by a similar margin to Rs 964.50 per kg in 27 lots

Crude palm oil down by 0.3% on low demand

Higher supplies from producing regions also affected prices

Cardamom falls by 3.6% on muted spot demand

Traders reduced their positions, driven by subdued demand in the spot market

Copper up by 0.2% on global cues

Besides, pick up in demand from consuming industries in the spot market supported the upside

Lead marginally up on spot demand

Speculators created fresh bets due to pick-up in demand in the spot market

Aluminium down by 0.2% on global cues

Furthermore, subdued demand in the domestic spot markets also weighed on the metal prices

Chana falls by 0.2% on higher supply

Sluggish demand in the physical market also affected prices

Crude oil prices edge up, but oversupply, strong dollar drag

A strong US dollar is seen as a drag on commodity markets as it makes imports for other countries more expensive

Global food prices jump in October

Trend could continue on downward revision in winter harvests, following El Niño concerns

Wholesale tur prices fall 33% in 3 weeks

Importers urge govt to release seized stocks, seek 1 mt buffer stock for lean season; traders say they have been warned by Maharashtra govt not to sell tur over Rs 100

Gold deposits to get 2.25-2.5% returns

PM launches gold monetisation and sovereign gold bond scheme; sale of coin also begins

IPAB reserves order on Basmati-GI dispute

Various parties related to the dispute completed argument in three consecutive days