Page 461 - Commodity News
Spot demand lifts jeera prices by 0.3%
Restricted supplies from producing regions also helped prices
Uptick in demand lifts turmeric 3.17%
Traders enlarge positions as restricted supplies from producing belts fuel uptrend
 "Uptick in demand lifts turmeric 3.17%")
Mentha oil gains 0.71% on pick up in demand
Traders create fresh positions as restricted supplies from producing regions fuel uptrend
 "Mentha oil gains 0.71% on pick up in demand")
Coriander extends slide, plunges 6.4%
Speculators engaged in trimming their positions following a weak trend at the spot market
 "Coriander extends slide, plunges 6.4%")
Positive global cues lift soyabean futures 1.6%
Traders widen positions as domestic demand supports uptrend
 "Positive global cues lift soyabean futures 1.6%")
Nickel sheds 0.28% on overseas cues
Sluggish demand from alloy-makers in the domestic spot market fuels downtrend
 "Nickel sheds 0.28% on overseas cues")
Aluminium down 0.26%, hurt by muted demand
Traders pare exposure on lower offtake by consuming industries, weak trend overseas
 "Aluminium down 0.26%, hurt by muted demand")
Oil prices up ahead of US and European data
The market was broadly unmoved by news China had cut interest rates for a sixth time in a year
 "Oil prices up ahead of US and European data")
Hallmarking centers gear up for gold monetisation scheme
At least 100 collecting centers would be ready when the scheme is launched on November 5, 2015
Commodity picks
Yellow peas prices are likely to fall in the short term due to higher supplies, with the arrival of bulk vessels from Canada
Diwali sheen missing from gold sales
Prices quoted at discount to cost of imports, worst scenario in last five years
 "Diwali sheen missing from gold sales")
Gold extends losses on weak global cues, silver slips
In the national capital, gold of 99.9 per cent and 99.5 per cent purity fell by Rs 110 each
 "Gold extends losses on weak global cues, silver slips")
Pulses' prices see unprecedented spike in 2015
The run up could be due to weaker supply for a second straight year
 "Pulses' prices see unprecedented spike in 2015")
Monetise your idle gold
Through GMS one can earn interest on accumulated gold
 "Monetise your idle gold")
Gold falls on muted demand, silver shapes up on fresh buying
End of Navratra festival sees gold shed Rs 135 per 10 grams to Rs 27,200; firm trend overseas limits the fall
 "Gold falls on muted demand, silver shapes up on fresh buying")
Spot demand lifts mentha oil by 0.30%
Restricted supplies from producing belts supports upside
Chana extends decline, down 2.03% on increased supply
Traders trim positions as supplies pick up in physical market due to raids by authorities on hoarders
 "Chana extends decline, down 2.03% on increased supply")
Cardamom futures gain 0.76% on rising demand
Rising domestic demand and restricted supplies aid
 "Cardamom futures gain 0.76% on rising demand")
Crude palm oil down 1.1% on low spot demand
Traders offload positions as stocks pile up in the physical market
 "Crude palm oil down 1.1% on low spot demand")
Crude oil futures rise 0.8% on global cues
But analysts warn of fresh selling pressure as US, EU release manufacturing data
 "Crude oil futures rise 0.8% on global cues")