Page 598 - Commodity News

Cardamom falls by 1.2% on sluggish demand

Traders reduced their holdings amid sluggish spot demand, affecting prices

Gold futures up by Rs 177 on global cues

Speculators created fresh positions amid positive cues from global markets

Oil falls further in Asian trade

Weak demand and a supply glut put relentless pressure on prices

Rubber planters welcome govt move to reduce export window to 6 months

Imports of natural rubber has increased from 77,800 tonnes in 2008-09 to 360,000 tonnes in 2013-14

MMDR Ordinance a blow for Goan miners

The state's miners will have to vacate mine area for re-auction, FIMI urges to make it uniform for all

Mentha oil down 0.5% on profit-booking

Fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators and weak trend at spot market

Cardamom up 0.6% on rising spot demand

Spice for delivery in March gained 0.24%

Nickel down 0.7% on global trends, subdued spot demand

Metal for delivery in February traded lower by 0.59%

Aluminium down 0.3% on overseas cues

Metal for delivery in February also shed 0.22%

Copper down 0.5% on weak global cues, subdued demand

Metal for delivery in February was down by0.45%

Zinc down 0.3% on subdued demand, weak global cues

Metal prices for delivery in current month traded lower by 0.22%

Oil prices up in Asia after recent heavy falls

Analysts said the upturn is not likely to be very strong owing to excessive global supplies

Why crude oil will not stay at $50

World markets in a tizzy on concerns that price below $50 per barrel would impact fresh investments

Fall in global crude oil prices seen eroding ambition on emissions

IEA said in November that the world would probably reach, by 2040, an emissions ceiling recommended by a panel of scientists formed by the UN

Global food prices decline in December on oversupply

December Food Price Index averaged 188.6 points, a drop of 1.7%

Vegetable price up due to unseasonal rains

Will continue to remain elevated for some time until supply resumes fully

India's 2014-15 coffee output revised down by 4%

The downward estimate is due to continuous rain after dry spell and 'Hud Hud' cyclone

Lead down 0.1% on low demand

Analysts said the fall in lead prices at futures trade was mostly due to low demand from battery-makers at spot markets

Nickel down 0.7% on subdued demand

Marketmen said low demand from alloy-makers, metal's weakness at the LME put pressure on the prices

Bullion prices down on domestic market

Silver for near month delivery on MCX trading down by 1.32% at Rs 37,762 a kg and gold prices are down by 0.8% at Rs 26,946 per 10 gm