Page 489 - Commodity News
Centre blames Delhi govt for not acting against onion hoarders
Onion prices have touched Rs 80 per kg in the national capital
 "Centre blames Delhi govt for not acting against onion hoarders")
Mentha declines by 0.4% on profit-booking
Speculators booked profits at prevailing levels amid sluggish demand from consuming industries in the spot market
 "Mentha declines by 0.4% on profit-booking")
Crude palm oil fall by 2.5% on low demand
Participants engaged in reducing their exposure, tracking a weak trend at spot market on sluggish demand
 "Crude palm oil fall by 2.5% on low demand")
Cardamom rises by 1.2% as demand picks up
Restricted supplies from producing regions also influenced prices
 "Cardamom rises by 1.2% as demand picks up")
Nickel falls by 3.4% on weak global cues
Subdued demand at the domestic spot market also affected prices
 "Nickel falls by 3.4% on weak global cues")
Copper plunges by 2.5% on global cues
Speculators indulged in reducing positions after it slumped to six years low in global markets
 "Copper plunges by 2.5% on global cues")
Crude oil down by 1.4% on weak Asian trend
Speculators remaining engaged in offloading positions amid a weakening trend in Asian trade
 "Crude oil down by 1.4% on weak Asian trend")
Lead down by 1.9% as global trend weakens
Low domestic demand also affected prices
 "Lead down by 1.9% as global trend weakens")
Crude extends losses, US oil trades below $40
Crude prices dived in Asia today, with US oil hovering below the key $40 a barrel mark amid deepening concerns about weak Chinese economic growth and global oversupply
 "Crude extends losses, US oil trades below $40")
 "Commodity picks")
Bottom not yet formed for base metals
Prices have dropped significantly but further downside is not ruled out; recovery will take longer
 "Bottom not yet formed for base metals")
 "Brent could drop below $40 by early next year")
Skimmed milk prices firm up in international market
As exports beef up in medium term, domestic milk prices to come under pressure
 "Skimmed milk prices firm up in international market")
Gold touches three-month high on global cues
Depreciating rupee helped gold's rise in local currency
 "Gold touches three-month high on global cues")
Onion price hits Rs 5,400/qtl
MMTC invites bids to import 10,000 tonnes, for arrival by Sept, as arrivals decline in wholesale markets, with stockists bringing less in anticipation of further price rise
 "Onion price hits Rs 5,400/qtl")
Gold tops Rs 27,000-mark; surges Rs 480 to hit 2 month high
Silver advanced by Rs 200 to Rs 36,500 per kg on increased demand from industrial units and coin makers
 "Gold tops Rs 27,000-mark; surges Rs 480 to hit 2 month high")
Gold opens 3% up on Friday on global cues
Concerns over Chinese yuan devaluation followed by US Fed's indications on delay in interest rate rise have added momentum to bullion prices.
 "Gold opens 3% up on Friday on global cues")
Silver futures climb 1% on firm global cues
Speculators created fresh positions amid firm trend in precious metals overseas
 "Silver futures climb 1% on firm global cues")
Gold rises by 1.3% on positive global cues
Participants widened their positions, tracking a firming trend overseas coupled with rising demand at domestic spot markets
 "Gold rises by 1.3% on positive global cues")
Crude oil falls by 1.6% on weak Asian trend
Speculative selling amid a weakening trend in Asian trade affected prices