Page 616 - Commodity News

Crude oil sheds 0.67% on weak Asian cues

Speculation that OPEC will maintain output at this week's meeting despite a global supply glut drives prices down

Nickel down 0.27% on overseas cues, low demand

Speculators pare exposures on lower offtake from alloy makers

Copper sheds 1.3% on global cues

Traders pare positions as metal declines in London and Shanghai, and demand in domestic spot market remains low

Zinc down 0.29% on global cues

Traders trim positions on overall weakness in base metals

Mentha oil declines 0.74% on subdued demand

Higher supplies from producing regions fuel downtrend

Primary steel mills to cut prices by Rs 500-700 a tonne for December

Steel prices are down upto 6% globally, raw material costs fall upto 12%

Cardamom sheds 0.94% on subdued demand

Speculators pare positions as higher arrivals from producing belts fuel downward trend

Oil prices extend losses ahead of OPEC meeting

Speculation swirls that the OPEC oil cartel will maintain output at this week's closely watched meeting

Govt investigating black money in Swiss banks entering India via gold import

This year, India has imported 27.7% of the gold exported by Switzerland; in Jan, this was only 15%

5 candidates shortlisted for FMC Chairman's post

Current Chairman Ramesh Abhishek's term is ending on 8 January 2015

Cotton Corp to procure 6 mn bales this cotton year

Follows slump below MSP in the South; to procure 6 mn bales in year ahead

Bulls tighten grip on castor seed

Low output estimates, after delayed sowing induced by late monsoon, triggering a surge in prices, with a correction not expected in near future

Cotton Corporation to procure 6 million bales cotton by next Sept

Has tied up with a consortium of 14 banks; procurement to cost around Rs 12,000 crores

Chana up by 0.4% as demand picks up

Further, restricted supplies in spot markets amid lower output estimates, influenced chana prices

Mustardseed up 0.61% on fresh buying

Speculators enlarge positions on higher offtake in spot markets, tight supplies

Crude palm oil down 0.60% on subdued demand

Traders trim positions as higher supplies from producing regions fuel downtrend

Zinc up 0.21% on spot demand

Speculators enlarge positions on higher domestic offtake even as metal weakened at LME

Crude oil down by 0.8% on weak Asian cues

Speculators trim positions as WTI and Brent lose on Nymex

Cardamom declines by 1% on subdued demand

Speculators locked in gains at prevailing levels amid subdued demand

Nickel up by 0.1% on short covering

Further, rising demand at domestic spot markets from alloy-makers also supported the upside