Page 531 - Commodity News
Cardamom moves down 0.54% on profit-booking
Market analysts said besides profit booking at existing levels, fall in demand in the spot market led to decline in the prices
 "Cardamom moves down 0.54% on profit-booking")
Nickel up 0.3% as demand picks up
Metal for delivery in June traded higher by 0.22%
 "Nickel up 0.3% as demand picks up")
Mentha oil futures surge 1.9% on pickup in demand
Oil for delivery in July contracts traded higher by 1.72%
 "Mentha oil futures surge 1.9% on pickup in demand")
Jeera up 2% on tight supply, rising demand
Spice for delivery in June contracts moved up by 1.8%
 "Jeera up 2% on tight supply, rising demand")
Sugar down 0.3% on ample stocks
Commodity for delivery in July traded lower by 0.22%
 "Sugar down 0.3% on ample stocks")
HC asks sugar mill owners to clear 75% farmer dues by July 15
Likewise, private mills have been asked to settle 25% of their dues by June 15
 "HC asks sugar mill owners to clear 75% farmer dues by July 15")
Copper up by 0.2% on global cues
Rising demand from consuming industries also influenced copper prices
 "Copper up by 0.2% on global cues")
Aluminium gains by 0.2% on overseas cues
Participants widened positions amid a firming trend overseas
 "Aluminium gains by 0.2% on overseas cues")
Zinc up by 0.2% aided by spot demand
Speculators created positions amid a firming trend in base metals overseas and better domestic demand
 "Zinc up by 0.2% aided by spot demand")
Mentha oil down by 0.7% on subdued spot demand
Participants trimmed positions, tracking sluggish demand in the spot market
Chana gains by 0.3% on rising demand
Lower output estimates also fueled the uptrend
 "Chana gains by 0.3% on rising demand")
Crude palm oil slip by 0.2% on profit booking
Speculators booked profits at prevailing high levels coupled with fall in spot demand
 "Crude palm oil slip by 0.2% on profit booking")
Cardamom up by 0.4% as demand picks up
Tight supplies from producing belts also helped prices
 "Oil declines to 1-month low amid ample US crude stockpiles")
Global diamond mines allowed to sell in India in special zones
De Beers, Rio Tinto, BHP Billiton and Al Rosa allowed to directly sell roughs in India from July 1
 "Global diamond mines allowed to sell in India in special zones")
 "Jewellers' suggestion on gold monetisation")
NCDEX launches forward contract in gold
'Gold Now' is an online market for buying & selling
 "NCDEX launches forward contract in gold")
Coriander up 3.6% after spot demand firms up
Spices for delivery in July contracts jumped 3.50%
 "Coriander up 3.6% after spot demand firms up")
Crude palm oil up by 1.1%
Speculators enlarged positions, taking positive cues from the spot market
Zinc up by 0.3% on global cues
Speculators created positions amid a firm global trend and better domestic demand