Page 464 - Commodity News
Oil retreats in Asia as China slowdown weighs
China's GDP rose 6.9% in the three months to September, beating market forecasts but still the worst since 2009
 "Oil retreats in Asia as China slowdown weighs")
Gold heads for first Samvat gain in 3 yrs
Price up on weak dollar and strong demand
 "Gold heads for first Samvat gain in 3 yrs")
Weak economy, higher purchasing last year may decrease jeera exports from India
Country's export may reduce by 45 per cent this year
 "Weak economy, higher purchasing last year may decrease jeera exports from India")
Mentha oil extends gains on rising demand
October, November contracts rise 0.4% each as traders enlarge positions
 "Mentha oil extends gains on rising demand")
Silver futures down 0.38% on profit-booking
Weak trend in precious metals fuels downward trend in prices
 "Silver futures down 0.38% on profit-booking")
Cardamom extends weakness on adequate stocks
November and December contracts shed 0.5% as participants trim positions
 "Cardamom extends weakness on adequate stocks")
Crude palm oil rises 0.43% as demand picks up
Traders created speculative positions on higher offtakes in the spot market
 "Crude palm oil rises 0.43% as demand picks up")
Lead firms up 0.26% on spot demand; overseas trend
Traders enlarge positions on higher offtake from battery makers and gains in base metals on LME
 "Lead firms up 0.26% on spot demand; overseas trend")
Aluminium sheds 0.25% on global cues
Subdued demand in domestic spot markets also weigh on prices in futures trading
 "Aluminium sheds 0.25% on global cues")
Nickel up Rs 2 on global cues, spot demand
Traders enlarge positions on higher offtake from domestic alloy makers
 "Nickel up Rs 2 on global cues, spot demand")
Crude oil up by 1.9% on overseas cues
Speculators widened positions amid a firm trend overseas
Gold futures down 0.43% on weak global cues
Profit-booking by speculators fuels downtrend
 "Gold futures down 0.43% on weak global cues")
Oil prices higher in Asia, ending four days of losses
Oil prices had been tumbling since Monday on data showing that a global crude supply glut could persist well into next year
 "Oil prices higher in Asia, ending four days of losses")
Wholesale onion prices drop 25% in a week at Nashik
To stabilise at around this level until arrivals of new season crop in November
 "Wholesale onion prices drop 25% in a week at Nashik")
Kerala tea plantation stir ends
Management and workers finally agree on wage rise; govt panel to look into other issues raised after next month's local body polls
 "Kerala tea plantation stir ends")
Rajkot kitchenware sector attempts to re-build brand
Some kitchenware manufacturers are focusing on marketing their brands by sponsoring cookery shows on regional TV channels
 "Rajkot kitchenware sector attempts to re-build brand")
Gold stages comeback, erases 2015 losses
Prices reach 3-month high on New York Comex
 "Gold stages comeback, erases 2015 losses")
Palm oil down 0.5%, hurt by low spot demand
Oil for delivery in October weakened by Rs 2.30, or 0.53%
Chana down 0.7% on profit-booking
Commodity for delivery in November moved down by Rs 28, or 0.53%
 "Chana down 0.7% on profit-booking")
Cardamom falls by 0.6% on profit-booking
Speculators booked profits at prevailing higher levels amid easing demand in the spot market