Page 494 - Commodity News

Palm oil down 0.6% on easing spot demand

Oil for delivery in September contracts moved down by Rs 2.50, or 0.63%

Gold Q2 demand falls 12% on lower appetite in Asia: WGC

However, demand in Europe and the US grew, driven by a mixture of increasingly confident jewellery buyers and strong demand for bars and coins

Gold surges on yuan devaluation

Up Rs 1,000 per 10 grams in 2 days, following global developments and weakening rupee

Starch makers in dire straits

Higher costs, lower margins and competition force starch makers to under-utilise capacities

Oil steadies as bullish IEA balances Chinese yuan slide

Price slide led to jump in July gold import

Consumers go for early buying, ahead of festival season beginning Aug-end

Guar gum prices slide on weak export demand

Guar gum is used by drilling cos to thicken water that is mixed with sand and pumped through shale rock cracks to extract gas

India hikes steel import duty by 2.5%

The import duty on semi ingots product will now be 10%

Gold regains Rs 26,000 mark, zooms Rs 600 per ten gram

The precious metal topped $1,100 an ounce mark in the global market

Copper falls by 1% as China again lowers yuan

Subdued demand at the domestic spot markets also affected prices

Mentha oil gains by 1.1% on spot demand

Restricted supplies from producing regions also influenced prices

Cardamom falls by 1.6% on profit-booking

Speculators booked profits at prevailing levels amid low demand at the spot market

Silver futures up by 0.1% on global cues

A firming trend in the global market, mainly influenced silver futures

Gold futures up by 0.7% on firm global cues

Speculators enlarged positions amid a firming trend overseas

Oil prices slide to fresh lows in Asian trade

Dealers worried about China's economy following its surprise currency devaluation

Sugar prices move up on hopes of rise in exports

To remain positive in short term, long term trend continues to remain bearish on global oversupply

10% ethanol blending can save $1.7 bn in forex for India: McKinsey

Gold recaptures Rs 25,000 mark on buying frenzy; global push

Attractive low level buying in the face of a firming trend in overseas broke the metal's descending trend

Weak export demand pull down guar gum prices by 35%

Good sowing in current kharif season and expectation of higher carryover stock has also put increased pressure on the prices

Zinc down 0.9% on global cues

Metal for delivery in the September contracts softened by Rs 1.15, or 0.95%