Page 532 - Commodity News

Zinc up by 0.3% on global cues

Speculators created positions amid a firm global trend and better domestic demand

Chana gains by 0.7% on lower output concerns

Speculators enlarged positions, driven by lower output estimates in key growing regions

Nickel up by 0.2% on spot demand

A firming trend in base metals also supported prices

Mentha oil climbs by 0.4% as demand picks up

Participants got down to creating fresh positions, supported by pick-up in demand from consuming industries in the spot market

Aluminium up by 0.2% on global trend

Speculators covered their short positions amid a firming trend overseas after stock position fell to a 6-year low

Oil prices higher in Asian trade

Expectations that the latest US stockpiles report will show a further dip in crude reserves, helped prices

Drop in iron prices brings cheer to steel companies

Karnataka, Odisha & NMDC to all have higher output; global prices already on a slide

Gold monetisation: Refiners see good business opportunity

Want government to certify those with good prior record, as with hallmark centres; much depends on banks' reactions and decisions such as rate of interest offered

UCX starts refunding money to members

Exchange has refunded Rs 3.7 cr recently to 127 members

Oil slips as dollar recovers

Guargum up 1.8%, powered by spot demand

Delivery in June was trading higher by 0.98%

Mentha oil dips 0.84% on profit-booking

Higher arrivals from producing areas, subdued spot demand exert pressure on prices

Chana up by 0.3% on lower output estimates

Speculators enlarged their positions, mostly supported by lower output estimates in key growing regions

Sugar slumps by 1.07% on higher output

Speculators trimmed positions amid ample stocks at the spot market due to higher supplies from mills

Canada to test India feed corn imports due to mould concerns

Move to prevent contamination of livestock feed after high levels of aflatoxin were detected in feed

Oil drops to $65 on US shale outlook, dollar

Brent crude was down 45 cents at $65.07 a barrel at 0948 GMT, while US crude, also known as West Texas Intermediate (WTI), was 43 cents lower at $59.29

India's coffee exports might drop 5.6% this year: USDA

The country had shipped 4.98 million bags of coffee during the 2013-14 marketing year (October-September)

Wheat procurement from MP up 15%

State retains second slot once again in procurement; Punjab remains the top wheat procuring state

Onion exports jump 25% in two months

Lack of competition in West Asia, Sri Lanka boost outflow

Gold at discount as market enters oversupply zone

Demand likely to remain low till festive season; monsoon to be a key driver in coming months