Page 577 - Commodity News
Mentha oil rises by 0.4% on strong industrial demand
Speculators enlarged positions amid strong demand from consuming industries in the spot market
 "Mentha oil rises by 0.4% on strong industrial demand")
Copper down by 0.4% on weak global cues
Speculators reduced their positions amidst weak global cues
 "Copper down by 0.4% on weak global cues")
Silver surges by 0.8% on global cues
Participants built up fresh positions supported by a firm global trend
 "Silver surges by 0.8% on global cues")
Zinc up by 0.6% on spot demand
Speculators enlarged positions on the back of rising demand in domestic spot markets along with a firming trend overseas
 "Zinc up by 0.6% on spot demand")
Aluminium rises by 0.4% on global cues
Participants strengthened their positions, supported by an upward trend overseas
 "Aluminium rises by 0.4% on global cues")
Oil prices up ahead of US supply report
The US Department of Energy will release the official stockpiles report later today
 "Oil prices up ahead of US supply report")
India's farm ministry seeks cut in oilseed import duty
A poor monsoon last year is expected to cut India's rapeseed and sunflower output in the current crop year to June
Cold storages seek arbitrage business model to attract investment
Warehouses in search of infrastructure status, a statutory regulator with long term policy
 "Cold storages seek arbitrage business model to attract investment")
FCI to engage private players for procurement in the north-east
States in the region told to prepare road map to take a final call, sustainable policy support needed to make operation viable
 "FCI to engage private players for procurement in the north-east")
Low tur production may jack up price: JAU study
The study states that tur is likely to be priced between Rs 5,200 - Rs 5,700 per quintal in March
 "Low tur production may jack up price: JAU study")
Refined soya oil up 0.2% on pick-up in demand
Oil for delivery in May traded higher by 0.18%
 "Refined soya oil up 0.2% on pick-up in demand")
Sugar down 0.7% on higher supply
Commodity for delivery in May declined by 0.40%
 "Sugar down 0.7% on higher supply")
Mentha up by 0.3% on rising demand
Speculators enlarged positions largely on rising demand in the spot market
Cardamom falls by 0.8% on profit-booking
Fall in demand in spot market also influenced prices
 "Cardamom falls by 0.8% on profit-booking")
Aluminium up by 0.2% on high demand
Speculators enlarged positions amid pick-up in demand at spot markets
 "Aluminium up by 0.2% on high demand")
Lead gains by 0.3% on spot demand
The metal's gain in global market also influenced prices
 "Lead gains by 0.3% on spot demand")
Gold futures up 0.3% on firm global cues
Speculators enlarged positions after the metal gained in the global market
 "Gold futures up 0.3% on firm global cues")
Crude oil up by 0.4% on Asian cues
Speculators created fresh positions amid a firm trend in Asia
 "Crude oil up by 0.4% on Asian cues")
Silver futures up by 0.5% on global cues
Speculators built fresh positions amid covering-up of short positions
 "Silver futures up by 0.5% on global cues")
Copper falls by 0.2% on rising global inventories
Speculators indulged in offloading their positions, affecting prices