Page 645 - Commodity News
Copper down 0.04% on weak global trend
Analysts apart from subdued demand at domestic spot markets, a weak trend at the LME attributed the fall in copper futures
 "Copper down 0.04% on weak global trend")
Sugar up 0.7% on festive season demand
Commodity for delivery in October moved up by 0.62%
 "Sugar up 0.7% on festive season demand")
Nickel surges by 0.3% on global cues
Increased demand from domestic alloy-makers also influenced prices
 "Nickel surges by 0.3% on global cues")
Aluminium up by 0.2% on global cues
Besides, increased demand at domestic spot markets also influenced prices
 "Aluminium up by 0.2% on global cues")
Zinc up by 0.4% on global cues
Participants created speculative positions, amid a firm global trend and better domestic demand
 "Zinc up by 0.4% on global cues")
Vegetable prices see sharp drop in Maharashtra as demand falls
Prospects of higher production add to the decline
 "Vegetable prices see sharp drop in Maharashtra as demand falls")
Rice production in 2014 pegged at 88 million tonnes
Sowing area rises to 37.48 million hectares from 37.42 mn hectares in 2013
 "Rice production in 2014 pegged at 88 million tonnes")
 "Making ethanol from cane juice to trim sugar surplus")
Jignesh Shah exits MCX
FMC approves commodity bourse's contract-launch calendar for two years
 "Jignesh Shah exits MCX")
Basmati prices decline 25% in Punjab
Tepid response from rice millers; several farmers had gotten into Basmati
 "Basmati prices decline 25% in Punjab")
Cardamom down 0.5% on profit-booking
Spice for delivery in October traded lower by 0.2%
 "Cardamom down 0.5% on profit-booking")
Mentha oil down 1.4% on higher supply
Oil for delivery in October traded lower by 1.21%
 "Mentha oil down 1.4% on higher supply")
Zinc prices down 0.3% on subdued spot demand, global cues
Metal for delivery in September edged lower by 0.25%
Sugar down 0.2% on ample supply
Commodity for delivery in December shed 0.21%
Copper prices down 0.4% on overseas cues, profit-booking
Analysts attributed the fall in copper futures to weak global cues
Lead down by 0.2% on profit-booking
Speculators booked profits amid a weak trend in base metals overseas
 "Lead down by 0.2% on profit-booking")
Chana rises by 0.2% on upsurge in demand
However, expectations of higher output due to heavy rainfall in growing areas, restricted the gains
 "Chana rises by 0.2% on upsurge in demand")
Oil prices down on stronger US dollar
Dealers sat on the sidelines due to a dearth of trading cues
 "Oil prices down on stronger US dollar")
 "Gold outlook: Demand outlook promising on lower prices, seasonality")
Nickel drops by 1.1% on global cues
Subdued demand from alloy-makers in the spot markets also weighed on prices