Page 533 - Commodity News

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

Silver sheds Rs 513 a kg in futures trading

Speculators sell as metals loses lustre in Singapore

Gold futures retreat 0.51%, in line with global trend

Speculators offload positions as metal trades lower in Singapore

Mentha oil gains 0.16% on tight supply

Higher offtake from consuming industries sustains uptrend

Refined soya oil rises 0.68% as demand picks up

Restricted supplies from producing belts support uptrend

Chana gains 0.19% on lower output estimates

Pick up in demand in the spot market supports uptrend

Crude palm oil recovers 0.78% on spot demand

Speculators create fresh positions on higher offtake

Aluminium up by 0.7% on pick-up in demand

A firming trend in base metals at the London Metal Exchange (LME) also supported the rise in prices

Nickel rose by 1.4% on positive global cues

Speculators enlarged positions on positive cues from global markets

Lead gains by 0.9% on spot demand

The metal's gain in overseas market also influenced lead prices

Global trend pushes up zinc futures by 0.9%

Speculators enlarged positions, taking positive cues from overseas market and better domestic demand

Cardamom futures extend gains, up by 0.8%

Speculators indulged in enlarging their positions amid a firming trend at spot market on rising demand

Gold prices drop, discounts soar to 4-5 month highs on oversupply

Sources say imports have dropped sharply after Akshaya Tritiya

Unabated Chinese exports keeping world aluminium prices low

India is a net exporter of bendy metal aluminium, what with large new capacities getting commissioned in the face of nil-demand growth

Govt plans to boost pulses supplies to check rising prices

Basmati rice acreage to go up despite lower realisation last year

Farmers overlook deterrents due to higher returns from basmati crop

Soybean sowing may remain muted this kharif season

Despite massive stock, bean prices at the benchmark Indore mandi are trading at Rs 3,978 a qtl as against Rs 3,403 a qtl in March

MP expects procurement of 7.5 million tonnes of wheat as season ends tomorrow

The procurement level is despite discontinuation of 'no bonus' policy

Mentha oil down 0.7% on higher supply

Oil for delivery in June contract down 0.55%

Castorseed up 1.6% on strong domestic demand

Commodity for delivery in June was trading higher by 1.5%