Page 594 - Commodity News
Garlic price surges on seasonal demand
Up 15% this month, with a delay in the new crop; price expected to stay high for a while
 "Garlic price surges on seasonal demand")
Cotton Corporation's target of 10 million bales cotton half way through
Already 4.82 million bales procured to support prices from falling
 "Cotton Corporation's target of 10 million bales cotton half way through")
 "Iran sees 'no threat' from oil at $25 as prices keep falling")
 "EU lifts ban on mango imports from India")
 "Gold climbs to a five-month high")
Secondary copper producers turn to domestic smelters for raw material
India's import of copper scrap is said to have declined 25-30 per cent in the past three months
 "Secondary copper producers turn to domestic smelters for raw material")
Gold futures up Rs 98 per ten gram on global cues
Speculators created fresh positions taking positive cues from global markets
 "Gold futures up Rs 98 per ten gram on global cues")
Aluminium rises by 0.4% on global cues
Participants enlarged positions amid a firming trend overseas
 "Aluminium rises by 0.4% on global cues")
Mentha oil falls by 0.2% on subdued demand
Speculators offloaded their positions, triggered by weak demand from consuming industries in the spot markets
 "Mentha oil falls by 0.2% on subdued demand")
Cardamom falls by 1% on profit-booking
Profit booking by speculators at prevailing higher levels affected prices
 "Cardamom falls by 1% on profit-booking")
Crude palm oil falls by 0.4% on low spot demand
Higher supplies from producing regions also affected prices
 "Crude palm oil falls by 0.4% on low spot demand")
Zinc rises by 0.7% on global cues
Rising domestic spot demand also supported the upside
 "Zinc rises by 0.7% on global cues")
Nickel rises on strong global cues
Pick up in industrial demand in the spot market also helped prices
 "Nickel rises on strong global cues")
Copper up by 0.9% on positive global cues
Pick-up on spot demand also supported the upside
Galvanised steel producers to cut prices by 5%
Amid falling raw material prices, aim is to pass on the benefit to consumers
 "Galvanised steel producers to cut prices by 5%")
Cotton prices slip below Rs 31,000 per candy
Weak export as well as slow buying from domestic mills are the main reasons for constant price fall in cotton
 "Gold trades above platinum as bullion gains on haven demand")
Coffee prices hit 10-month low in December
Fluctuation likely till month-end
 "Coffee prices hit 10-month low in December")
Gold regains Rs 28,000 mark on seasonal demand, global cues
Sustained buying by jewellers and retailers to meet ongoing wedding season demand amid a firming global trend boosted the sentiment
 "Gold regains Rs 28,000 mark on seasonal demand, global cues")