Page 462 - Commodity News

Raw jute prices to firm up on higher consumption estimates

Raw jute availability has been pegged at eight million bales for this fiscal

Refined soya oil climbs 1.09% on upsurge in demand

Traders enlarged positions as tight supplies from producing regions sustain uptrend

Sugar slumps by 0.91% on ample stocks

Speculators trim positions as higher supplies from mills maintain pressure on prices

Barley spurts on rising spot demand

Traders raise their bets amid tight supplies from growing regions

Guargum surges 2.56% on strong demand

Prices also rise due to fall in production as farmers switch over to other crops

Copper falls by 0.4% on weak global cues

Speculators trimmed their positions amid a weak trend in global markets

Lead declines 0.13% as demand slackens

Traders offload positions as weak trend in base metals on LME sustains downtrend

Aluminium sheds 0.35% on global cues

Subdued demand in the domestic spot markets also weighs on prices

Tight supply lifts mentha oil by 0.71%

Speculators build fresh positions as pick-up in demand supports uptrend

Nickel down by 0.5% on overseas trends

Sluggish demand from alloy-makers in the domestic spot market also affected prices

Cardamom up by 0.4% on rising demand

Tight stocks position in the physical market on restricted supplies from producing regions also supported the upside

Gold futures up by 0.2% on firm global cues

Speculators enlarged positions amid a firming trend overseas

Chana futures remain weak on higher supply

Traders cut down their exposure amid pick-up in supplies in the physical market

Oil prices drop in Asia on oversupply fears

Traders anticipate an increase in US crude inventories when weekly data from the Energy Information Agency (EIA) is released later in the day

Rising prices make pulses political hot potato

5,800 tonnes of pulses seized from hoarders in nationwide raids; Centre, states go all out to defuse crisis as prices shoot up; Maharashtra, Gujarat re-impose stock-holding limits for lentils

Safeguard duty fails to curb steel imports

Industry wants safeguard duty extended to entire value chain

Govt to procure more cotton from farmers as China trims imports

China's imports fell 42% in the first nine months of the year to 1.16 million tonnes

World Bank revises down forecast of crude oil prices

Traders protest raids, threaten cancellation of import orders

In Maharashtra, over 200 shops were closed in Pune alone

Raids lead to seizing of 5,800 tonnes of pulses in 5 states

Nitish and BJP in blame game over price of pulses