Page 647 - Commodity News

Cotton oversupply will be chaotic for govt: PDEXCIL

PDEXCIL is also estimating a fall in cotton prices to around Rs 30,000 per candy of Rs 356 kg

Lower basmati prices to help exporters

As for home prices, they're Rs 2,500-3,000 a quintal, compared to Rs 3,500-4,000 a qtl last year

Coriander falls on low demand, higher supply

Price for November delivery declined by 0.49%

Zinc up 0.1% on spot demand, global cues

Metal for delivery in far-month October gained 0.04%

Aluminium up 0.3% on global cues, spot demand

Metal for delivery in October traded marginally higher by 0.29%

Lead up 0.2% on global cues, spot demand

Firm trend in base metals at the LME, rising demand supported the upside

Palm oil down 0.4% on profit-booking

Oil for delivery in October fell by 0.24%

Cardamom down 0.4% on profit-booking

Spice for delivery in October declined by 0.39%

Nickel down 0.3% on global cues

Metal for delivery in November shed 0.13%

Mentha oil up 0.6% on rising demand

Marketmen said besides restricted arrivals, a firming trend at the spot markets on firm industrial and export demand, influenced the prices

Iron ore breaches $80 for first time since 2009 as China slows

FTIL to exit exchange business

To focus on technology; company rules out possibility of removing Jignesh Shah

MCX trying to get nod for contracts for next year

Comexes' Aug turnover at 5-yr low

CTT, low participation and weak trading sentiment seen as main reasons for falling volumes in this period

Futures market sees hope in forward trades

Experts say there is a need for amendments to the Forward Contracts Regulation Act to empower FMC and pave the way for introducing option and index futures

Poor demand from yarn mills pull down cotton prices by 7.5%

Estimates put forward by traders suggest daily arrival of 4,000 bales of cotton in Punjab

India's steel production grows by 1.7% in August

Country's steel output growth was spectacular mainly due to higher production by major producers

Lead up 0.3% on spot demand, global cues

Metal for delivery in September rose 0.28%

Soybean up 0.6% on short covering

Marketmen said the rise in soybean prices was mostly attributed to covering up of short positions by speculators and a firming trend in global markets

Castorseed up 0.7% further on renewed buying

First contract October month also added another gains of 0.62%