Page 583 - Commodity News

Lead gains by 0.2% on global cues

Speculators enlarged positions amid a firming trend in base metals at the London Metal Exchange

Cardamom declines by 0.8% on subdued demand

Participant offloaded positions amid negative cues from spot market on sluggish demand

Crude oil rises by 0.7% on overseas cues

Speculators engaged in enlarging positions, tracking a firming trend in Asia

Crude palm oil extends losses on low demand, sheds 0.55%

Speculators trim positions as stocks pile up in physical market

India's gold demand slips 14% to 843 tonnes in 2014

Fall in demand attributed to government curbs on imports; total jewellery demand up 8% at 662 tonnes

Oil prices rise in Asian trade

However, gains were capped owing to concerns about surging stockpiles in the US

Oil trades near $50 as US supply outlook aggravates volatility

The Energy Information Administration (EIA) reduced its US production outlook as the price slump curbed drilling activity

NMCE to launch forward trading in 23 commodities

Basmati exports to fall 10%

Basmati is now No 2 in the export basket

Malaysia low output pulls up crude palm oil prices

The prices jumped 8.5% on Indonesia's plan to treble subsidy on biodiesel, price rise may be capped on lower demand from India and China

Food ministry favours sugar export subsidy up to 1.4 mn tonnes

Department of Food and Public Distribution has proposed a subsidy of around Rs 4,000 per tonne of export

Castorseed down 0.8% on subdued demand

March contracts moved down by Rs 22, or 0.55%

Corn farmers pin hopes on local poultry feed demand

Exports likely to ease almost 12% to 2.2-2.3 million tonne in the year to September 2015

Lead down 0.1% on weak overseas cues, low demand

Market analysts said subdued demand from battery makers in the spot market, weakness in base metals at the LME led to the fall

Copper sheds 0.23% on global cues, weak demand

Traders pare positions as metal sheds 1.5% in London and 0.7% in Shanghai

Nickel up by 0.2% on firm demand

An encouraging trend in the metal in global markets also supported the upside

Cardamom rises by 0.2% on spot demand

Speculators created fresh positions after pick-up in demand in spot markets

Zinc declines by 0.1% on global cues

Speculators trimmed positions amid a weak global trend

Cotton Corporation could incur steep losses at current prices

This would be the biggest loss since at least 2008/09; of 35,000 bales auctioned till February 5, 17,000 bales sold

Natural rubber in trouble, Jan output lower 32%

Demand-supply gap over 300,000 tones at present which may cross 400,000 tones by March-end