Page 550 - Commodity News

Cardamom falls by 0.4% on high supply

Speculators indulged in reducing positions, triggered by higher supply from major producing belts

Crude palm oil declines by 0.6% on profit-booking

Sluggish domestic demand at the spot market also affected prices

Zinc rises by 0.2% on overseas cues

Speculators enlarged positions amid a firm trend at spot market on rising demand

Nickel up by 0.2% on rising spot demand

Speculators enlarged positions amid a firm trend at spot market on rising demand

Sugar gains by 1.1% on pick-up in demand

Speculators created fresh positions amid pick-up in summer season demand at spot market

Lead up by 0.7% on pickup in demand

Participants enlarged their positions, driven by pickup in spot market demand and gains in base metals overseas

Aluminium rises by 0.2% on global cues

Besides, strong demand in spot markets influenced metal prices

SEA report reduces castor seed output estimates

Total castor seed output in the country would be about 1.27 mt in 2014-15, according to the report

Jewellers see higher footfalls on Akshaya Tritiya

A 10-15% hike in numbers was witnessed and is tipped to improve even more by late evening buying

A fourth of sugar mills to remain un-operational next season

During the ongoing season, 240 of the total 530 mills declared early closure of crushing activities by April 15

Yemen conflict keeps Brent crude oil around $63

Gold ETF sales witness a fall

Gold fails to shine on Akshaya Tritiya

Silver also dropped Rs 560 to Rs 36,440 per kg on reduced offtake by industrial units and coin makers

Silver up 0.3% on global cues

Metal for delivery in July contracts gained 0.25%

Tardy progress in wheat procurement

Procurement in first 20 days of 2015-16 crop season is 62% lower than in year-go period; unseasonal rains may force lowering of full-season target

Mentha oil climbs 4% on export demand

Traders create fresh positions as lower arrivals from Chandausi in Uttar Pradesh support uptrend

Chilli teja plunges 3.67% on sluggish spot demand

Speculators offload positions as stocks pile up in the physical market

Refined soya oil rises 0.42% as demand picks up

Speculators create fresh positions as restricted supplies from producing belts support uptrend

Sugar down by 0.5% on higher supply

Speculators trimmed positions, triggered by adequate stocks position on higher supplies from mills

Chana falls by 0.9% on higher supply

Traders reduced positions amid higher supplies from producing belts