Page 466 - Commodity News

Gold tops Rs 27,000 on global cues, jewellers buying

Silver recovered by Rs 500 to Rs 37,300 per kg on increased offtake

Mentha oil up by 0.7% on spot demand

Restricted supplies from producing belts also helped prices

Chana gains by 0.9% on upsurge in demand

Traders enlarged positions on the back of rising demand in the spot market

Coriander up by 1.5% on tight supply

Participants built up fresh positions amid tight supplies from growing regions at spot market

32% jump seen in import of non-tyre products

Unable to cope with competition from China and Vietnam, Indian manufacturers are turning into distributors

Competition hotting up in commodity exchange space

BSE's inritial focus might be on the commodities that are liquid while ICEX is busy planning a relaunch in next few months

Scarce rains to affect kharif groundnut crop

Industry estimates 3.25 million tonne production this year, down 8% from last year

Cardamom rises by 1% on surging demand

A firm trend at spot market also helped prices

Crude palm oil falls by 0.4% on profit-booking

Besides, adequate stocks position on higher supplies from producing regions put pressure on crude palm oil prices

Sugar falls by 0.8%, hurt by ample stocks

Speculators engaged in trimming their positions

Silver futures up by 0.7% on firm global cues

Participants indulged in enlarging positions amid a firm trend in precious metals overseas

Gold futures up by 0.7% on global cues

Speculators widened positions, tracking a firming trend overseas

Oil prices subdued in volatile Asian trade

Brent crude for November declined 0.16% to $49.16

Chouhan wants farmers to ditch soya

Madhya Pradesh CM floats the idea as the crop cannot withstand bad weather or pests

Sugar mills speed up export contracts as global prices rise

Mills say loss in 15% of volume export to compensate a marginal rise in domestic market, some still apprehensive though

Cotton farmers in Punjab call off stir

Instead of blocking tracks, the farmers have now decided to gherao all state ministers on October 22

Wholesale onion prices fall below Rs 30/kg at Lasalgaon

Besides importing onions, the government has curbed exports by raising minimum export price

Mentha oil gains by 0.4% on spot demand

Speculators indulged in creating fresh positions due to pick up in demand from consuming industries at spot market

Refined soya oil rises 0.26% as demand picks up

Traders enlarge bets as limited supplies from producing regions support uptrend

Lead down 0.7% on weak spot demand, overseas trends

Futures contracts decline on subdued offtake from battery makers