Page 592 - Commodity News

Gold down 0.2% on weak global cues; low spot demand

Metal for delivery in February shed 0.18%

Mentha oil falls by 0.5% on low demand

Speculators indulged in reducing positions, taking negative cues from spot market

Crude palm oil falls by 0.8% on sluggish demand

Expectations of higher output also put pressure on crude palm oil

Lead down by 1.3% on subdued spot demand

Speculators indulged in reducing their exposures on weakness in base metals overseas

Copper down over 1% on global cues

Speculators engaged in trimming positions amid a weak global trend

Zinc down by 0.6% as participants trim position

Sluggish demand in the spot markets also affected prices

Nickel drops by 0.4% on profit-booking

Speculators locked in gains amid a weak trend overseas

Govt asks refiners to cut Iran oil imports ahead of Obama visit

Govt has raised its crude shipments from Iran around 40% over the first nine months of the current fiscal year

Gold jumps in kerb deals in Mumbai after ECB announcement

ECB has said it will infuse $1.3 trillion in system till September 2016

Goa notifies mining rules, clears 85 leases

Grant of leases will be only after compliance with existing provisions, including a report from the Indian Bureau of Mines

Too much sugar in India means mills banking on export subsidies

A bigger harvest will boost India's 7.5 mt stockpiles and hurt prices that capped a fourth year of losses in 2014, the longest run since 1962

Improved potato varieties on the wayy

Global wheat prices up but India may not be able to encash immediately

From govt stocks, there is unlikely to be any move towards floating tenders to export wheat in the next few months

Oil drops below $49 after ECB announces bond buying

ECB President Mario Draghi said the bank would buy 60 billion euro of government bonds a month

Cotton sector in crisis on high surplus of 16.6 million bales

Cotton Association seeks govt support, as sector is facing a huge glut due to reduced imports from China

Castorseed up 2.5% on rising spot demand

Traders create positions as higher export offtake fuels uptrend

Chana remains weak on sluggish spot demand

Feb, March contracts lose 0.47% and 0.31% respectively, increased supplies add to downward pressure[

Zinc down 0.1% on global cues

Metal prices for delivery in January shed 0.11%

Crude oil down 0.2% on weak Asian cues

The March contract of oil shed Rs 4, or 0.13%

Gold down 0.1% on global cues

Metal for delivery in far-month April lost 0.07%