Page 497 - Commodity News
Jewellery sales up on lower gold price
Average demand jumps 40-50 per cent in last few days, indicates good festive season ahead
 "Jewellery sales up on lower gold price")
CCI offloads half of its cotton stock, to tap Asian markets too
Exploring sale opportunities in other Asian markets to offload the entire quantity procured this year
 "CCI offloads half of its cotton stock, to tap Asian markets too")
Rebound in automobile sales seen driving record rubber imports
The increase in imports to cover a domestic shortfall may help stem a decline in rubber prices nearing a bear market
 "Rebound in automobile sales seen driving record rubber imports")
Volatility in Australian wheat pauses imports
Fear of hike in import duty also impact forward bookings
 "Volatility in Australian wheat pauses imports")
Zinc falls by 0.5% on weak global trend
Speculators reduced their positions, in tandem with a weak global trend
 "Zinc falls by 0.5% on weak global trend")
Mentha oil slides by 0.6% on low demand
Ample stocks in the physical markets on increased arrivals from producing regions also put pressure on prices
 "Mentha oil slides by 0.6% on low demand")
Cardamom falls by 0.5% on sluggish demand
Speculators indulged in reducing positions, taking negative cues from spot market on subdued demand
 "Cardamom falls by 0.5% on sluggish demand")
Crude palm oil extend losses, down by 0.7%
Slackened demand in the spot market amid a weak global trend affected prices
 "Crude palm oil extend losses, down by 0.7%")
Lead falls by 0.6% on sluggish demand
A weak trend in the base metals also affected prices
Copper falls by 0.3%, tracking weak global cues
Subdued demand from consuming industries also fueled the downtrend
 "Copper falls by 0.3%, tracking weak global cues")
Gold futures down by 0.6% on weak global cues
Speculators offloaded their positions, tracking a weak global trend
 "Gold futures down by 0.6% on weak global cues")
Silver futures fall by 0.3%
Market analysts said reports of a weak trend in the metal in overseas markets led to the fall in silver prices
Nickel declines by 0.1% on subdued demand
Speculators trimmed positions amidst low demand from alloy makers in the spot market
 "Nickel declines by 0.1% on subdued demand")
Vegetable prices up on lower supply
Traders fear crop damage due to excess rain in producing regions
 "Vegetable prices up on lower supply")
 "Aluminium imports eat into companies' market share")
Local commexes head online, start demutualising
At present, the regional exchanges are being regulated by the FMC, which will later merge with Sebi
 "Local commexes head online, start demutualising")
Record mentha oil delivery on MCX
1.35 million kg of the commodity, worth Rs 156 cr changes hands on the exchange
India likely to export dairy products to Russia by Dec
The Russian team is slated to meet India's commerce minister this September
 "India likely to export dairy products to Russia by Dec")
Silver futures slide by 0.3% on weak global trend
Participants lightened their positions, tracking a weak global trend
 "Silver futures slide by 0.3% on weak global trend")
Copper weakens by 0.6% on overseas cues
Subdued domestic demand also affected prices
 "Copper weakens by 0.6% on overseas cues")