Page 613 - Commodity News
Zinc futures rise 0.44% on global cues
The metal for delivery in January edged up by 50 paise, or 0.36%
 "Zinc futures rise 0.44% on global cues")
Aluminium futures rise on global cues, spot demand
Apart from increased domestic demand vehicle sales and construction spending beat estimates in the US
Arabica prices decline 5.5% to 187 cents per lb
Farm gate prices in Karnataka's growing regions show y-o-y decline of 10.5% to Rs 11,000 per bag
 "Arabica prices decline 5.5% to 187 cents per lb")
Gold erases early gains on profit booking
Silver prices decline too; Brent crude below $72/bbl
 "Gold erases early gains on profit booking")
OMCs cancel ethanol procurement tender
Seek a cut in agreed price due to steep fall in oil, Isma seeks petroleum ministry's intervention
 "OMCs cancel ethanol procurement tender")
CCI to procure cotton as prices below MSP in few states
CCI has initiated action for procurement at MSP in 341 centres in 92 districts in 11 cotton growing states
 "CCI to procure cotton as prices below MSP in few states")
Gold prices soar by Rs 840 in biggest single-day gain this year
Silver also recorded a significant gain of Rs 2,700 to Rs 37,000 per kg on increased offtake by industrial units and coin makers
 "Gold prices soar by Rs 840 in biggest single-day gain this year")
Export of spices up 12% between April to September
Value of export pegged at Rs 6962.86 crore in this period
 "Export of spices up 12% between April to September")
Cardamom climbs by 2.1% on spot demand
Speculators indulged in creating fresh positions amid a firm trend at spot market on strong demand
 "Cardamom climbs by 2.1% on spot demand")
Mentha oil falls by 0.2% on sluggish demand
Speculators reduced their positions amidst subdued demand from consuming industries in the spot market
 "Mentha oil falls by 0.2% on sluggish demand")
Lead down 0.5% on global cues
A weakening trend in base metals at the LME affected prices
 "Lead down 0.5% on global cues")
Nickel falls by 0.4% on overseas cues
Speculators engaged in reducing positions amid a weak trend in global markets and subdued domestic demand
 "Nickel falls by 0.4% on overseas cues")
Copper fall 0.7% on weak overseas cues
Participants reduced positions amid a weak global trend
 "Copper fall 0.7% on weak overseas cues")
Gold futures fall 0.7% on weak global cues
Speculators reduced their exposures amid a weak trend overseas on stronger dollar
 "Gold futures fall 0.7% on weak global cues")
Silver futures down 1.9% on global cues
Speculators offloaded positions amid a weak global trend
 "Silver futures down 1.9% on global cues")
Crude prices fall in Asian trade, but losses curbed
Dealers took a breather after days of sharp sell-offs following OPEC's decision to hold output levels despite global oversupply
 "Crude prices fall in Asian trade, but losses curbed")
Sugar mills commence crushing in Karnataka
After meeting government's deadline of November 30, mills have asked for a financial assistance to bail them out
 "Sugar mills commence crushing in Karnataka")
 "RBI may introduce quota system for gold importers")
Metals under severe pressure on fear of falling demand
Copper falls to a four-year low, dragging the other base metals; bullion finds support at lower levels
 "Metals under severe pressure on fear of falling demand")
 "China exporting coke at below cost hurting Indian producers")