Page 543 - Commodity News
Steel imports climb 50% in April, exports fall
Steel exports in April, at 0.4 mt, slumped 15.2 per cent year-on-year
 "Steel imports climb 50% in April, exports fall")
Odisha demands exclusion of pulses from NCDEX listing
The escalation in pulses prices has dealt a body blow to the consumers in the state
 "Odisha demands exclusion of pulses from NCDEX listing")
Gold falls by 0.1% on global cues
Participants started reducing exposures, largely in tandem with the global trend
 "Gold falls by 0.1% on global cues")
Silver futures tumble 0.3% ahead of US data
Traders trimmed their positions tracking a weak trend overseas
 "Silver futures tumble 0.3% ahead of US data")
Lead falls by 0.7% on sluggish demand
A weak global trend in copper and other base metals also affected prices
 "Lead falls by 0.7% on sluggish demand")
Crude palm oil rises by 0.4% on tight supply
Speculators engaged in enlarging positions, triggered by tight supplies from producing belts
 "Crude palm oil rises by 0.4% on tight supply")
Cardamom falls by 4% on profit-booking
Speculators booked profits at existing higher levels amid fall in demand in the spot market
 "Cardamom falls by 4% on profit-booking")
Copper falls by 0.3% on weak global cues
Subdued demand at domestic spot market weighed on metal prices
 "Copper falls by 0.3% on weak global cues")
Zinc softens by 0.5% on global cues
Speculators trimmed positions, tracking a weak global trend
 "Zinc softens by 0.5% on global cues")
Gold rises in futures trade on global cues
At the Multi Commodity Exchange, gold for delivery in June was up by Rs 104 or 0.39 per cent to Rs 26,984 per 10 gm in a business turnover of 278 lots
 "Gold rises in futures trade on global cues")
Polyester sector expects better year
Companies in segment are not expecting much from exports
 "Polyester sector expects better year")
Gold monetisation: Govt scheme to involve jewellers
Details being discussed; interest rate and maturity payment likely in rupees, based on metal price abroad
Chana up 4% on lower output estimates
Commodity for delivery in May contracts gained 3.04%
 "Chana up 4% on lower output estimates")
Refined soya oil down 0.3% on low spot demand
Oil for delivery in August contracts down 0.04%
 "Refined soya oil down 0.3% on low spot demand")
Sugar down 0.2% on higher supply
Commodity for delivery in far-month July contracts edged lower by 0.12%
 "Sugar down 0.2% on higher supply")
Crude oil futures climb Rs 66 per barrel on overseas cues
Oil for delivery in June also climbed by 1.6%
 "Crude oil futures climb Rs 66 per barrel on overseas cues")
Palm oil up 0.8% on rising demand
Oil for delivery in May traded higher by 0.56%
Mentha oil down 2% on profit-booking
Oil for delivery in June contracts traded lower by 2.05%
 "Mentha oil down 2% on profit-booking")
Gold cuts losses as dollar pauses; focus on US jobs data
Spot gold fell initially then rebounded 0.3 per cent to $1,191 an ounce by 1143 GMT
 "Gold cuts losses as dollar pauses; focus on US jobs data")
Guar seed prices spurt sharply on crop damage
Seed prices rose from nearly Rs. 3,700-4,000 per quintal about a month ago to Rs 5,000-5,200 per quintal at present
 "Guar seed prices spurt sharply on crop damage")