Page 534 - Commodity News
Mentha oil down 0.7% on higher supply
Oil for delivery in June contract down 0.55%
 "Mentha oil down 0.7% on higher supply")
Castorseed up 1.6% on strong domestic demand
Commodity for delivery in June was trading higher by 1.5%
 "Castorseed up 1.6% on strong domestic demand")
Chana down 0.5% on profit-booking
Commodity for July delivery was down by 0.48%
 "Chana down 0.5% on profit-booking")
Guargum slides over 2% on subdued demand
Traders trim positions as higher arrivals from key producing regions fuel downtrend
 "Guargum slides over 2% on subdued demand")
Crude palm oil falls by 0.4% on subdued demand
Speculators offloaded positions amid subdued demand in the physical market against adequate stocks
 "Crude palm oil falls by 0.4% on subdued demand")
Silver decline by 0.5% on global cues
Speculators reduced their positions amid a weak global trend
 "Silver decline by 0.5% on global cues")
Nickel marginally down on global cues
Speculators offloaded positions after the metal declined in global markets
 "Nickel marginally down on global cues")
Cardamom up by 1.3% on higher demand
Speculators went about creating fresh positions after demand picked up in the spot market
 "Cardamom up by 1.3% on higher demand")
Zinc eases by 0.2% on global cues
Participants reduced their exposure taking weak cues from the Asian trade market
 "Zinc eases by 0.2% on global cues")
Crude oil up by 0.3% on positive Asian cues
Speculators created positions amid a firm trend in Asia
 "Crude oil up by 0.3% on positive Asian cues")
Copper marginally down on global cues
Speculators reducing their positions amid weak global cues affected prices
 "Copper marginally down on global cues")
Lead down by 0.4% on subdued spot demand
A weakening trend in base metals also affected prices
 "Lead down by 0.4% on subdued spot demand")
Despite falling inflation, pulses costlier by up to 64% in one year
Government is considering importing pulses through state-owned trading firms such as MMTC to boost domestic supply
 "Despite falling inflation, pulses costlier by up to 64% in one year")
All eyes on Brazil as Indian coffee prices dip
Unseasonal rain, rising costs and a global slowdown in production has driven coffee prices in India down. The only hope lies in greater global demand
 "All eyes on Brazil as Indian coffee prices dip")
IOPEPC estimates 52% reduction in summer groundnut output in Gujarat
The council undertakes regular crop surveys to estimate the production of groundnut and other oilseeds
 "IOPEPC estimates 52% reduction in summer groundnut output in Gujarat")
Gold futures rise by 0.3% on global cues
Speculators created fresh positions amid a firming trend overseas
 "Gold futures rise by 0.3% on global cues")
Aluminium futures rise on spot demand
Increased domestic demand from consuming industries at domestic spot market helped aluminium futures to trade higher
 "Aluminium futures rise on spot demand")
Lead futures up 0.8% on demand surge, global cues
Speculators enlarged their positions, driven by pick-up in spot market demand and gains in base metals overseas
Copper rises by 0.1% on global cues
Speculators enlarged positions after the base metal rose in overseas markets on declining stockpiles
Oil prices slip in Asian trade
The decline unwound sharp gains in the previous session that was fuelled by hopes that a global supply glut could end soon