Page 472 - Commodity News
Cottonseed oilcake climbs over 2% on firm spot demand
Higher offtake from cattle-feed makers amid tight stock position propels prices
 "Cottonseed oilcake climbs over 2% on firm spot demand")
Soyabean soars almost 4% on global cues
Participants enlarge positions, as firm trend in domestic market supports upside
 "Soyabean soars almost 4% on global cues")
Mustard seed climbs 3% on rising spot demand
Participants widen positions as restricted arrivals fuel uptrend
 "Mustard seed climbs 3% on rising spot demand")
Spot demand lifts barley over 2%
Higher offtake from beer and cattle-feed makers, fall in arrivals propel prices
 "Spot demand lifts barley over 2%")
Silver prices up by 3.5% on positive global cues
Speculators widened positions amid firm trend in precious metals overseas
 "Silver prices up by 3.5% on positive global cues")
Mentha oil slides 1.46% on subdued demand
Higher supplies from major producing belts in Uttar Pradesh put further pressure on prices
 "Mentha oil slides 1.46% on subdued demand")
Festive seasonal buying pushes sugar up by 1.59%
However, ample stocks in spot markets on persistent supplies from millers limits rise
 "Festive seasonal buying pushes sugar up by 1.59%")
Spot demand, tight supply lifts chana by 4.28%
Traders widen positions as restricted arrivals from producing belts support uptrend
 "Spot demand, tight supply lifts chana by 4.28%")
Cardamom sheds 1.86% on profit-booking
Speculators lock in gains as increased arrivals from producing belts exert pressure on prices
 "Cardamom sheds 1.86% on profit-booking")
Crude oil up by 1.3% on Asian cues
Speculators created positions amid positive Asian cues
 "Crude oil up by 1.3% on Asian cues")
Crude palm oil up 1.27% on spot demand
Tight supplies from major producing belts support uptrend
 "Crude palm oil up 1.27% on spot demand")
Nickel gains 0.77% on spot demand, global cues
Higher offtake from consuming industries sustains uptrend
 "Nickel gains 0.77% on spot demand, global cues")
Zinc rises 1.22% on global cues
Higher offtake from domestic consuming industries in spot markets supports uptrend
 "Zinc rises 1.22% on global cues")
Copper up 1.6% on positive global cues
Traders enlarge positions as pick-up in spot market fuels upsurge
 "Copper up 1.6% on positive global cues")
Gold up by 1.5% in futures trade on global cues
Speculators took fresh positions on positive cues from global markets
 "Gold up by 1.5% in futures trade on global cues")
Oil extends gains in Asia
Decline in US drilling pointed to a slowdown in production, but concerns over demand remain after a disappointing US jobs report
 "Oil extends gains in Asia")
Conflict gold entering India through Ghana
Report says gold being exported by persons of Indian origin and routed through Dubai
Gold bounces back above Rs 26k mark on heavy buying
Domestic sentiment turned highly buoyant following a reversal of the downtrend seen in global commodities after recent steep fall
 "Gold bounces back above Rs 26k mark on heavy buying")