Page 523 - Commodity News
Wedding bells wane: Gold jewellery demand may slip 25%
Weak monsoon forecast is also likely to affect rural demand and hamper overall sales
 "Wedding bells wane: Gold jewellery demand may slip 25%")
Cardamom rises by 0.8% as demand picks up
Restricted arrivals from producing regions also influenced prices
 "Cardamom rises by 0.8% as demand picks up")
Castorseed sheds 1.8% on sluggish demand
Absence of buying support at prevailing levels against higher supplies in the market drag down prices
 "Castorseed sheds 1.8% on sluggish demand")
Sugar drops 1% amid ample stock
Higher output estimates also kept pressure on sugar prices
 "Sugar drops 1% amid ample stock")
Chana tumbles 2.2% on supply pressure
Sluggish demand in the physical market fuels downtrend
 "Chana tumbles 2.2% on supply pressure")
Refined soya oil down over 1% on muted demand
Higher supplies from producing belts sustain downtrend
 "Refined soya oil down over 1% on muted demand")
Mentha oil futures spurt 2.4% as supply tightens
Speculators created fresh positions, driven by strong demand from consuming industries in the spot market
 "Mentha oil futures spurt 2.4% as supply tightens")
Crude palm oil falls by 0.5% on sluggish spot demand
Also, adequate stock in the market fueled the downtrend
 "Crude palm oil falls by 0.5% on sluggish spot demand")
Crude oil falls by 0.6% on global cues
Analysts said the fall in crude oil futures is mostly in step with a weakening trend in Asian trade as dealers fretted over a collapse in Greece's debt talks
 "Crude oil falls by 0.6% on global cues")
Lead falls by 0.4% on low domestic demand
Participants reduced exposure amid a weak trend overseas and sluggish domestic demand
 "Lead falls by 0.4% on low domestic demand")
Copper falls 0.5% as global trend weakens
Speculators trimmed positions amid a weak trend in global markets
 "Copper falls 0.5% as global trend weakens")
Zinc drop by 0.3% on muted demand
Speculators reduced positions amid sluggish domestic demand and weak global trend
 "Zinc drop by 0.3% on muted demand")
Nickel falls by 0.6% on muted demand
Participants trimmed their exposure, taking weak cues from an overseas market
 "Nickel falls by 0.6% on muted demand")
Gold loses shine as imports fall
India's gold import bill, estimated at $3 billion in May, is seen falling further this month
 "Gold loses shine as imports fall")
Shell India bets on metal sector revival to drive growth
Company says the country is poised for metal sector growth while the US, Europe and China economies are slowing down
 "Shell India bets on metal sector revival to drive growth")
Seed companies challenge Maharashtra's decision to cut Bt cotton price
The state government had on June 8 announced a price cut by 10.5% or Rs 100, to Rs 850 a packet (450g)
 "Seed companies challenge Maharashtra's decision to cut Bt cotton price")
May sees surge in veg oil import
Import of refined oil rose 20% to 275,150 tonnes in May
 "May sees surge in veg oil import")
NCDEX to offer gold forward trading platform to retail customers soon
The exchange is expected to launch four more delivery centres within a month
 "NCDEX to offer gold forward trading platform to retail customers soon")
Gold, silver get some lustre back on jewellers' buying
Yellow metal adds Rs 20 to Rs 27,130 per 10 grams, Silver up Rs 100 to Rs 37,100 per kg
 "Gold, silver get some lustre back on jewellers' buying")
Cardamom down 0.3% on sluggish demand
Spice for delivery in July contracts traded lower by 0.20%
 "Cardamom down 0.3% on sluggish demand")