Page 634 - Commodity News
Samvat 2070: Gold gives lowest returns in 17 years
The price of gold is 8.8% less than at the year's start, the biggest such slide since Samvat 2053
 "Samvat 2070: Gold gives lowest returns in 17 years")
Groundnut exports jump 38% in first half of FY 15
India exported over 220,000 tonnes of groundnut between April and September 2014
 "Groundnut exports jump 38% in first half of FY 15")
Sept steel output drops in major nations; India logs rise
In India steel production grew by 2.5% to 6.8 MT during the month
 "Sept steel output drops in major nations; India logs rise")
Lead down 0.2% on sluggish spot demand
Metal for delivery in November also shed 0.08%
 "Lead down 0.2% on sluggish spot demand")
Mentha oil up 0.5% on rising demand
Oil for delivery in current month is up by 0.40%
 "Mentha oil up 0.5% on rising demand")
Palm oil up 0.3% on spot demand
Oil for delivery in November edged up by 0.32%
 "Palm oil up 0.3% on spot demand")
Chana up 0.6% on upsurge in demand
Commodity for delivery in December traded higher by 0.55%
 "Chana up 0.6% on upsurge in demand")
Cardamom up 0.6% on strong demand
Spice for delivery in December traded higher by 0.20%
 "Cardamom up 0.6% on strong demand")
Oil prices dip in Asia after recent gains
Investors will now be keeping an eye on the US Federal Reserve's next policy meeting
 "Oil prices dip in Asia after recent gains")
Gold futures decline 0.2% on profit-booking
Speculators booked profits at prevailing levels amid a weak global trend
Silver futures fall 0.29% on weak global cues
Speculators reduced positions on weak cues from global markets
 "Silver futures fall 0.29% on weak global cues")
Zinc up by 0.1% on overseas trend, spot demand
Speculators enlarged positions taking positive cues from overseas markets
 "Zinc up by 0.1% on overseas trend, spot demand")
Nickel down by 0.3% on sluggish demand
Participants reduced holdings tracking a weak trend overseas amid sluggish demand
 "Nickel down by 0.3% on sluggish demand")
Copper falls by 0.2% on weak global cues
Speculators offloaded their positions at prevailing levels amidst a weak trend overseas
 "Copper falls by 0.2% on weak global cues")
Aluminium down by 0.3% on global cues
Further, sluggish demand in the domestic spot markets also weighed on the metal prices
 "Aluminium down by 0.3% on global cues")
Gold ETF trading sees an uptick on Dhanteras
Gold ETFs recorded a turnover of Rs 65 crore, up from Rs 33 crore during last year
 "Gold ETF trading sees an uptick on Dhanteras")
Dhanteras sales jump 20% over lower gold, silver prices
Average gold prices that were around Rs 32,500 per 10 grams last Diwali, were hovering at Rs 27,500 this year
Nafed balks at potato import order
Chief says govt should first clear past dues on similar orders for Rs 400 cr
 "Nafed balks at potato import order")
Agri commodities' price to decline by 5% on diesel price cut
The Centre decided to decontrol diesel leading to a Rs 3.37 a litre price cut
 "Agri commodities' price to decline by 5% on diesel price cut")
Potato prices to stay firm for a while
New crop arrivals are expected from Punjab and West Bengal