Page 571 - Commodity News

Lead down by 0.3% as speculators trim position

Speculators indulged in reducing exposures at prevailing levels, tracking weakness in base metals overseas

Cardamom declined by 0.8% on sluggish spot demand

Speculators offloaded positions on the back of subdued demand in the spot market

Ministry allows use of sugar development fund to incentivise raw sugar exports

Millers need to pay farmers within three months

Oil drops towards $59 on stock build-up

Oil inventories are rising across the world as production outstrips demand, offsetting tensions in the Middle East and the risk of output cuts in Libya and Iraq

Are iron ore prices low enough to drive out small producers?

The longer ore prices remain at the present level, the share of imports in Chinese use of this steel-making ingredient will keep rising

Global natural rubber market slumps, crisis grips local market

Dealers observe day-long strike in Kerala

Bullion traders to feel impact of unseasonal rains too

This, as good rabi crop increases rural demand for gold

Rajkot imitation jewellery units upbeat after VAT cut

The five per cent VAT on imitation jewellery had forced small, unorganised players in Rajkot to run their businesses without issuing bills

Crude oil down 0.9% on weak Asian cues

Oil for August delivery fell by Rs 27, or 0.82%

Refined soya oil up 0.3% on spot demand

Oil for delivery in May contract edged up by 0.10%

Cardamom futures remain up on rising demand

Besides, tight stocks position in the physical market on restricted arrivals from producing belts supported the upside

Gold rises by 0.3% on global cues

Participants engaged in enlarging positions on a firming trend overseas

Crude palm oil rises by 0.5% as demand picks up

Speculators created fresh positions after pick up in demand in the spot market

Chana rises by 0.4% on spot demand

Speculators indulged in creating fresh positions amid improved spot market demand

Silver futures drops by 0.3% on global cues

Speculators booked profits amid a weak trend in global markets

Mentha oil falls by 0.3% on profit-booking

Speculators booked profits at prevailing levels amid a fall in demand in the spot market

Nickel down by 0.8% on subdued spot demand

A weak trend overseas also weighed on nickel prices

Lead falls by 0.4% on subdued domestic demand

Participants reduced positions amid a weak trend in base metals overseas and sluggish domestic demand

Copper falls by 0.4% on global cues

Subdued spot demand also affected prices

Coffee exports down 19% in Jan-Feb on weak global prices

Arabica exports down 43%, Robusta down 12%