Page 601 - Commodity News
Cardamom up 2.7% on rising spot demand
Spice for delivery in February gained 1.94%
 "Cardamom up 2.7% on rising spot demand")
Palm oil up 0.8% on spot demand
Oil for delivery in February edged up by 0.66%
 "Palm oil up 0.8% on spot demand")
Zinc up 0.1% on spot demand
Marketmen said improved demand in spot market mainly supported the rise in metal prices at futures trade
 "Zinc up 0.1% on spot demand")
Crude oil up 0.9% on overseas cues
Oil for January delivery moved up by 0.88%
 "Crude oil up 0.9% on overseas cues")
Copper up 0.5% on spot demand
Analysts attributed the rise in copper futures to a firm trend at domestic spot market on rising demand from consuming industries
 "Copper up 0.5% on spot demand")
Silver up 0.5% on global cues
Metal for delivery in May traded 0.51%
 "Silver up 0.5% on global cues")
Aluminium up 0.4% on spot demand, global cues
Metal for delivery in January traded higher 0.11%
 "Aluminium up 0.4% on spot demand, global cues")
Govt postpones import duty on chana due to slower planting, lower acreage
The agri department had proposed a 10% duty on 'chana' and also recommended freeing exports of all other varieties of pulses as prices had declined
 "Govt postpones import duty on chana due to slower planting, lower acreage")
Mustard prices up on worry of lower crop
Area sown fell by 5% to 6.3 mha this year as compared to 6.65 mha previous year
 "Mustard prices up on worry of lower crop")
 "Gold drifts in quiet trade amid weak demand")
Betel nut price doubles on low crop
The shortage has particularly affected the chewing tobacco industry
Coffee exports dip marginally to 308,714 tonne in 2014
Of the total exports, Indian origin green coffee accounted for 243,224 tonnes compared to 244,905 in the previous year
 "Coffee exports dip marginally to 308,714 tonne in 2014")
Coriander down 4% on adequate supply
Market analysts said offloading of positions by speculators amid subdued demand in the spot market pulled down the prices
 "Coriander down 4% on adequate supply")
Copper up 0.1% on spot demand
Marketmen said pick up in domestic demand mainly pushed up copper prices at futures trade
 "Copper up 0.1% on spot demand")
Gold down 0.1% on global cues
Analysts attributed the fall in gold futures to weak global trends
 "Gold down 0.1% on global cues")
Nickel up 0.1% on spot demand
Metal for delivery in February traded higher by 0.09%
 "Nickel up 0.1% on spot demand")
Mentha oil down 0.6% on subdued demand
Oil for delivery in February contract declined by 0.53%
 "Mentha oil down 0.6% on subdued demand")
Cardamom up 1.1% on rising demand
Spice for delivery in February contract gained 1.10%
Palm oil down 0.3% on sluggish demand
Oil for delivery in February contract shed 0.21%
Silver up 0.4% in futures trade
Metal for delivery in far-month May traded higher by 0.3%