Page 469 - Commodity News
Copper rises by 1.5% on global cues
Speculators enlarged bets, largely in step with a firming trend in base metals
 "Copper rises by 1.5% on global cues")
Lead up by 2.2% on global cues
Rising spot demand also helped prices
 "Lead up by 2.2% on global cues")
Zinc up by 3.6% in line with global trend
Speculators built up bets on the back of a firming trend overseas amid rising demand in the domestic spot market
 "Zinc up by 3.6% in line with global trend")
Crude oil up by 1.7%, fuelled by global cues
Speculators widened their bets after it extended recent rally in Asia
 "Crude oil up by 1.7%, fuelled by global cues")
Vegetable prices go through the roof
Late season rainfalls damage crops, arrivals slow, trend likely to continue till December
 "Vegetable prices go through the roof")
Whitefly attack highlights need for better Bt cotton
Crop loss due to this is estimated at 40-50%of the total crop or around 1.5 to 2 million bales
 "Whitefly attack highlights need for better Bt cotton")
Punjab was warned in July
Team sent by center had found improper pesticides and its wrong dosage as one of the key reason for the problem
Global iron ore prices to tumble to $ 50 by December
Prices can crash to $ 44 by end of 2016 because of oversupply
 "Global iron ore prices to tumble to $ 50 by December")
Import of non-tyre rubber products jump 32% in two years
Many Indian manufacturers have switched to becoming distributors of Chinese rubber goods
 "Import of non-tyre rubber products jump 32% in two years")
Lead down by 0.3% on subdued spot demand
Weak global cues also affected prices
Copper falls by 1% on weak global cues
Speculators reduced their positions amid weak global cues
Zinc falls by 0.4% in line with global trend
Speculators reduced their positions, in tandem with a weak global trend
Gold falls by 0.2% in futures trade as global cues hurt
Participants trimmed their positions, largely in tune with a weak trend overseas
 "Gold falls by 0.2% in futures trade as global cues hurt")
Silver futures fall by 1.7% on weak global cues
Speculators cut their positions amid a weakening trend overseas
 "Silver futures fall by 1.7% on weak global cues")
Yuan devaluation pulls down groundnut, sesame seed exports by 24%
Vietnam's move to halt imports from India also affected exports
 "Yuan devaluation pulls down groundnut, sesame seed exports by 24%")
Oil prices bounce back in Asian trade
Investors weighed a rise in US crude inventories and production against a forecast by OPEC's chief of rising demand
 "Oil prices bounce back in Asian trade")
Oil set for longest rally since April as US stockpiles decline
US inventories decrease 1.23 million barrels, energy agency sees higher global demand for oil in 2015
 "Oil set for longest rally since April as US stockpiles decline")
 "Discounts shrink in chana futures")
Pulses' prices up on lower output estimate
Pipeline inventory depletes, consumer relief only after December harvest of new crop
 "Pulses' prices up on lower output estimate")