Page 514 - Commodity News
Nickel down 3.6% on weak demand
Metal for delivery in July traded lower by Rs 26.70, or 3.52%
 "Nickel down 3.6% on weak demand")
Cardamom up by 0.5% on spot demand
Traders widened positions, driven by pickup in demand at the spot market
 "Cardamom up by 0.5% on spot demand")
Gold down by 0.2% on weak global cues
A firm dollar reduced demand for the precious metal amid investors assessing the development in Greece's debt crisis
 "Gold down by 0.2% on weak global cues")
Crude palm oil down by 0.7% on low demand
Traders trimmed positions, tracking a weak trend at spot market on sluggish demand
 "Crude palm oil down by 0.7% on low demand")
Chana falls by 1.7% on higher supply
Offloading of positions by speculators, driven by higher supplies kept prices down
 "Chana falls by 1.7% on higher supply")
Crude oil down 0.5% on weak Asian cues
Oil for August delivery moved down 0.45%
 "Crude oil down 0.5% on weak Asian cues")
Oil prices down as Greece default looms
Dealers were also waiting to see if Iran and major world powers can reach a deal on curbing Tehran's nuclear programme by the end of Tuesday
 "Oil prices down as Greece default looms")
High prices pull down dehydrated onion exports by 70%
Govt's move to increase minimum export price to contain price rise starts showing results
 "High prices pull down dehydrated onion exports by 70%")
Agri prices up as rain and sowing spread
Total area sown till last Friday was 16.56 mn hectares, up 23% from same time last year
 "Agri prices up as rain and sowing spread")
Base metals down on Greek default
May turnaround after referendum; overall trend negative
 "Base metals down on Greek default")
Commexes' turnover up 20% till June 15 of this fiscal
The turnover stood at Rs 11.66 lakh crore in the year-ago period
 "Commexes' turnover up 20% till June 15 of this fiscal")
 "Gold trades near 2-week low as Greek negotiations continue")
Oil prices mixed with focus on Greece
Greece's emergency negotiations with its creditors ended abruptly yesterday, pushing the crisis toward a critical weekend meeting
Oil slides on Greek default fears
Oil prices fell in Asia today tracking the sell-off in global equity markets on fears of a Greek debt default, analysts said.
 "Oil slides on Greek default fears")
Chana down 0.5% on higher supply
Commodity for delivery in July contracts moved down 0.41%
Sugar down 0.6% on ample supply
Commodity for delivery in October contracts traded lower by 0.55%
 "Sugar down 0.6% on ample supply")
Refined soya oil down 0.4%, profit booking weighs
Oil for delivery in August contracts shed 0.32%
 "Refined soya oil down 0.4%, profit booking weighs")
Copper rises by 0.1%, global trend supports
Speculators built up bets supported by a firm global trend
Mentha oil falls by 0.8% on muted demand
Adequate stock position in the physical market on higher arrivals from producing belts also hastened the downtrend
 "Mentha oil falls by 0.8% on muted demand")