Page 610 - Commodity News
Crude palm oil rises 0.4% in futures trade
Speculators created fresh positions, driven by rising demand in the spot market
 "Crude palm oil rises 0.4% in futures trade")
Cardamom falls by 1% on low demand
Speculators trimmed positions, tracking a weak trend at spot market on subdued demand
 "Cardamom falls by 1% on low demand")
Spot gold prices up 3.5% on global cues
Political uncertainty in Greece sees safe haven demand for the metal
 "Spot gold prices up 3.5% on global cues")
Zinc down by 0.5% on global cues
Speculators trimmed positions, tracking a weak global trend
 "Zinc down by 0.5% on global cues")
Mentha oil gains by 0.4% as demand picks up
Speculators indulged in creating fresh positions, supported by pick up in demand
 "Mentha oil gains by 0.4% as demand picks up")
Lead softens by 0.3% on global cues
Subdued demand at domestic spot markets also affected prices
 "Lead softens by 0.3% on global cues")
Crude oil down by 0.6% on weak Asian cues
Speculators reduced their exposures, tracking a weak trend in Asian trade
 "Crude oil down by 0.6% on weak Asian cues")
Nickel falls by 0.4% on overseas trends
Subdued demand at domestic spot markets also affected prices
 "Nickel falls by 0.4% on overseas trends")
Copper falls by 0.5% on global cues
Speculators reduced positions amid a weak trend overseas and low demand in the spot market
 "Copper falls by 0.5% on global cues")
Centre removes mandatory export registration of cotton and cotton yarn for exports
Removes mandatory registration of these commodities
 "Centre removes mandatory export registration of cotton and cotton yarn for exports")
Allow banks to keep gold as part of liquidity reserves, says WGC
This would make use of the bullion originating from local sources and reduce dependence on imports
Gems, jewellery export to decline this season
Slowing demand in China, Japan and the European Union a concern
 "Gems, jewellery export to decline this season")
 "'Imported apple plants may bring diseases'")
Gold jumps 1.5% in early London trade
Spot gold hit $1,220 an oz level before profit booking pulled it down to $1,216.7 an oz
 "Gold jumps 1.5% in early London trade")
Brent hits five-year low below $66 on oversupply worries
Brent has fallen more than 40 percent since June, with losses growing in late November after OPEC decided not to cut its output target
 "Brent hits five-year low below $66 on oversupply worries")
Gold futures surge by 0.6% on global cues
Speculators enlarged positions taking cues from overseas markets
 "Gold futures surge by 0.6% on global cues")
Silver rises 0.5% in futures trade on global cues
Participants created fresh speculative positions positions, tracking overnight gains in global markets
 "Silver rises 0.5% in futures trade on global cues")
Chana down by 0.4% on profit booking
Speculators booked profits at existing higher levels coupled with subdued demand in the spot market
 "Chana down by 0.4% on profit booking")
Mentha oil fall by 0.4% on low demand
Speculators trimmed positions, triggered by low demand from consuming industries against higher supplies from producing belt
Cardamom down by 0.9% on profit-booking
Speculators booked profits at existing higher levels amid sluggish demand in spot markets