Page 460 - Commodity News

Chana declines by 2.6% as supply improves

Speculators indulged in reducing their exposure amid higher supplies in the physical markets

Lead down by 0.1% on muted demand

Participants reduced their positions amid a weak trend at the spot markets

Coriander extends slide for 3rd day, plunges 6%

Traders exit on fears of Sebi action against excess speculation, expectations of higher output in key growing regions

Mustardseed sheds 1.13% on profit-booking

Muted demand in physical market drags mustardseed prices in futures trade

Guarseed weakens on profit-booking, subdued spot demand

November, December contracts shed 1.35% and 1.46%, respectively

Crude palm oil up 0.31% on spot demand

Traders create speculative positions on higher offtake in physical market

Mentha oil up 0.35% on pick up in industrial demand

Traders build fresh positions as restricted supplies from producing regions sustain uptrend

Zinc rises 0.22% on global cues

Increased demand from consuming industries in spot markets support uptrend

Aluminium rise on global cues, spot demand

Rate cut in China last week and hopes that US Fed will keep rates unchanged boost prices in futures trade

Nickel falls by 0.4% on muted demand

A weakening trend at the domestic spot markets also affected prices

Cardamom falls by 0.7% on sluggish demand

Further, ample stocks in the physical market following higher supply too weighed on prices

Sebi turns up the heat on hoarders

The regulator will act against entities found in breach of the Essential Commodities Act

Hallmarking centres gearing up for gold monetisation

BIS has so far audited four centres in Mumbai, three in Gujarat and two in Delhi; all major cities to be equipped with centres by the time the scheme is launched

India a factor in diamond trade migration from Antwerp to Dubai

Earlier, the rough diamond cutting and polishing business had moved from Antwerp to Surat in Gujarat and a few other places, due to cost considerations

Global base metal prices seen weak through 2016: Moody's

Subdued metal prices to hurt companies' earnings in coming quarters

Govt likely to launch 3 gold schemes on November 5

Schemes include gold monetisation, coins and bonds;launch date, interest rate payable to be decided shortly

JAU report forecasts raw cotton, groundnut price rise

Reduction in cotton production is being attributed to decline in acreage

Copper rises by 0.1% on spot demand

Traders enlarged positions, taking positive cues from spot market

Gold falls for third straight day on global cues, muted demand

Globally, gold fell 0.2 per cent to USD 1,162.25 an ounce in Singapore

Lead falls by 0.5% on low spot demand

A weak trend in base metals overseas also affected prices