Page 524 - Commodity News
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")
Refined soya oil down 0.3% on adequate supply
Oil for delivery in June contracts shed 0.04%
Nickel sheds 1.2% on subdued demand
However, strength in select base metals at the London Metal Exchange restrict the fall
Zinc down by 0.4% on profit-booking
Speculators reduced positions amid sluggish domestic demand and profit-booking
 "Zinc down by 0.4% on profit-booking")
Lead falls by 0.8% on low demand
Participants reduced exposure amid a weak trend at the spot market on sluggish domestic demand
 "Lead falls by 0.8% on low demand")
Mentha oil falls by 0.3% amid subdued demand
Traders took to reducing positions amid subdued demand from consuming industries in the spot market
 "Mentha oil falls by 0.3% amid subdued demand")
Crude palm oil extends fall, down 0.4%
Speculators engaged in reducing positions, triggered by easing demand in the spot market
 "Crude palm oil extends fall, down 0.4%")
Aluminium falls by 0.1% on profit-booking
Profit-booking by speculators caused the fall in prices
 "Aluminium falls by 0.1% on profit-booking")
Crude oil down by 0.5% on weak Asian cues
Speculators cut down bets amid a weak trend in Asian trade
 "Crude oil down by 0.5% on weak Asian cues")
 "Low prices, heat wave hit rubber output in Apr-May")
Assets of top global gold fund lowest since 2008
Outflows from bullion-backed funds could further undermine global gold prices, as physical demand is weak in Asia
 "Assets of top global gold fund lowest since 2008")
Weak sentiment hits small apparel brands in Q4: CMAI
Small brands contribute 44% in CMAI Index, big brands (large and giant) share 35%
 "Weak sentiment hits small apparel brands in Q4: CMAI")
MCX makes final effort to sell warrants in MSEI
Will invite bids on Thursday for the warrants it has in the MSEI at a reserve price of Rs 1.10 each
 "MCX makes final effort to sell warrants in MSEI")