Page 484 - Commodity News

Textile industry wants govt to extend garment export benefit further

Move to help textile cos compete with players in countries India has signed FTA with

Exports of 10 key agri products in negative zone in July

Low prices of agri-produce in the global market is one of the main reason for India's declining exports, said Exporters body

Oilmeal exports fall by 42% in August to 92,000 tonnes

Fall in soya crushing and meal shipments drag down overall export numbers

Monsoon deficit to affect cotton growers

If deficit continues, production may decline as much as 50% year-on-year

Crude palm oil fall by 0.2% on muted demand

Participants engaged in reducing their positions, tracking a weak trend at spot market on sluggish demand

Sugar rises by 0.2% on rising demand

Participants enlarged their positions, taking positive cues from spot market on rising demand

Cardamom falls by 0.2% on sluggish spot demand

Speculators trimmed positions, driven by easing demand in the spot market against adequate stocks

Nickel rises by 0.4% on global cues

Besides, rising demand at domestic spot markets from alloy-makers also gave support

Mentha oil falls by 1% amid subdued domestic demand

Higher supplies from producing regions also affected prices

Lead gains by 0.4% on firm spot demand

Speculators enlarged positions taking positive cues from the global market

Chana sheds 1.24% on adequate supply

Participants pare exposure on higher arrivals from producing belts, easing demand

Aluminium rises by 0.3% on global cues

Participants enlarged positions tracking firmness in base metals overseas

Zinc rises by 0.6% on global cues

Besides, increased demand from consuming industries in spot markets supported the uptrend

Copper up by 0.3% on firm global trend

China data is expected to give out clues on the slowing economy

Commodity picks

Crop concern in traditional Maize-growing belts of Telangana, Karnataka and Maharashtra will also support the prices

NMDC cuts iron ore price by up to 10%

Steel mills seek narrow down price differential among various grades

Gold extends fall on weak global cues, sluggish demand

However, silver strengthens by Rs 275 to Rs 35,575 per kg on higher offtake by industrial units, coin makers

Silver futures up by 0.6% on firm global cues

Speculators created fresh positions amid firm trend in global markets

Crude palm oil falls by 0.5% amid profit-booking

Subdued spot demand also affected prices

Gold rises by 0.4% in futures trade

Participants widened their positions even as it weakened in global markets