Page 502 - Commodity News
Palm oil down 0.7% on profit-booking, shed 0.72%
Oil for delivery in August eased by 0.56%
 "Palm oil down 0.7% on profit-booking, shed 0.72%")
Mentha oil up 1.06% on strong demand
Oil for delivery in August was trading higher by 0.98%
 "Mentha oil up 1.06% on strong demand")
Aluminium down 0.1% on sluggish demand
Metal for delivery in July contracts traded lower by 0.10%
 "Aluminium down 0.1% on sluggish demand")
Zinc down 0.7% on global cues
Metal for delivery in July shed 75 paise, or 0.60%
 "Zinc down 0.7% on global cues")
Copper down 0.2% on global cues
Metal for delivery in far-month November was down 0.20%
 "Copper down 0.2% on global cues")
Oil down in Asia, hurt by Chinese factory slump
A strong dollar and signs of increasing US oil production also added pressure on oil prices
 "Oil down in Asia, hurt by Chinese factory slump")
 "Commodity Picks")
Base metals decline 6% in two weeks
Chinese demand slump and anticipation on US Fed interest rate rise expected to keep these subdued
 "Base metals decline 6% in two weeks")
Gold: Still a downside
The consensus on gold right now appears to be 'sell' or 'strong sell'
 "Gold: Still a downside")
Gold may fall to Rs 23,000 within a month
Interest rate hike by Federal Reserve and stronger US dollar may trigger the fall
 "Gold may fall to Rs 23,000 within a month")
South Korean order may revive Indian sesame seed exports
India bags 6,000 tonnes of sesame seed export order from far east country
 "South Korean order may revive Indian sesame seed exports")
Chris Wood says gold could visit $ 1000 level
Gold prices early this week started falling on understanding that Gold demand in China was lower than estimated
 "Chris Wood says gold could visit $ 1000 level")
Another bumper sugar output in the offing
Output to decline by a marginal 1%, high carryover stocks to lift supply to 38 million tonnes
 "Another bumper sugar output in the offing")
NCDEX adds Mumbai as new delivery centre for gold contract
'Gold Now - Mumbai' is a contract intended to make gold available specifically for bullion dealers and jewellery manufacturers
 "NCDEX adds Mumbai as new delivery centre for gold contract")
Gold tumbles Rs 320, silver hit five-year low on global cues
Bullion merchants said a weak global trend has cut demand for the precious metals, leading to fall in gold and silver prices
 "Gold tumbles Rs 320, silver hit five-year low on global cues")
Cardamom up 0.27% on rising demand
Spice for delivery in September contracts edged up 0.26%
 "Cardamom up 0.27% on rising demand")
Sugar down 0.3% on higher supply
Commodity for delivery in December shed 0.13%
 "Sugar down 0.3% on higher supply")
Chana down 0.7% amid higher supplies
Commodity for delivery in September contracts moved down by 0.67%
 "Chana down 0.7% amid higher supplies")
Mentha oil rises by 0.7% on spot demand
Restricted supplies also influenced prices
Crude palm oil rise by 0.4% on spot demand
Fresh positions built up by speculators driven by rising demand at the spot market, mainly led to the rise in prices