Page 528 - Commodity News
Turmeric down 1.9% on adequate stocks, low demand
Spice for delivery in July traded lower by 1.91%
 "Turmeric down 1.9% on adequate stocks, low demand")
Chana extends losses, down 0.59%
The commodity for delivery in June contracts shed 0.35%
 "Chana extends losses, down 0.59%")
Turmeric falls 1.93% on adequate stocks, low demand
The spice for delivery in July traded lower by 1.91%
Aluminium down on overseas trend
The metal for delivery in June contracts lost 0.27% while in July shed 0.18%
 "Aluminium down on overseas trend")
Cardamom stays weak, slips by 0.32% on profit booking
The spice for delivery in July contracts shed 0.16%
 "Cardamom stays weak, slips by 0.32% on profit booking")
Nickel slips on subdued demand
Analysts say fall in nickel prices due to weakening trend in the base metal pack at the London Metal Exchange after the IMF cut its growth forecast for the US
 "Nickel slips on subdued demand")
Wheat procurement up this year
With dilution in quality norms, FCI and state agencies buy 86% of total market arrivals, against 78.5% last year; UP has seen a rise of 369%
 "Wheat procurement up this year")
Agri commodities' price rise on deficient monsoon forecast
Wheat up 72% since May 15, others follow; future moves would depend on actual rain and govt response
 "Agri commodities' price rise on deficient monsoon forecast")
 "Oil steadies ahead of Opec meeting")
Steel traders urge govt to drop latest Quality Control Order
Traders' body argued in a letter to steel ministry that the govt seeks to take away the rights of users
 "Steel traders urge govt to drop latest Quality Control Order")
NMDC rolls over existing prices as iron ore sales decline
Last time, on April 18, the company had revised ore prices downwards by 6% to Rs 3,050
 "NMDC rolls over existing prices as iron ore sales decline")
Gold down 0.2% on weak global trend
Metal for delivery in August contracts shed 0.10%
 "Gold down 0.2% on weak global trend")
Gold, silver turn weak on global cues, sluggish demand
Yellow metal sheds Rs 140 to trade at Rs 27,200 per 10 grams in NCR; Silver down Rs 300 to Rs 38,400 a kg
 "Gold, silver turn weak on global cues, sluggish demand")
Copper down 0.1% on weak global cues
Analysts attributed the fall in copper futures to weak global cues
 "Copper down 0.1% on weak global cues")
Chana down 0.8% on rise in supply
Commodity for delivery in June contracts traded lower by 0.7%
Sugar down 0.6% on ample stocks
Commodity for delivery in July contracts declined 0.53%
 "Sugar down 0.6% on ample stocks")
Refined soya oil down 0.3% as demand stays muted
Oil for delivery in June contracts edged down 0.21%
 "Refined soya oil down 0.3% as demand stays muted")
Crude palm oil edges higher 0.24% as demand picks up
Oil for delivery in June rose by 0.24%, to Rs 462.60 per 10 kg in business turnover of 91 lots
 "Crude palm oil edges higher 0.24% as demand picks up")
Zinc softens by 0.32%, in line with global trend
The metal for delivery in July contracts softened by 0.11%
 "Zinc softens by 0.32%, in line with global trend")
Mentha oil extends gains, up 0.38%
Restricted arrivals from Chandausi in Uttar Pradesh fueled the uptrend
 "Mentha oil extends gains, up 0.38%")