Page 651 - Commodity News

Gold futures weaken on global cues

Globally, gold lost as much as 0.60% to $1,216.30 an ounce in Singapore, the lowest sicne January 2

Aluminium futures slide 0.21% on weak demand

Likewise, the metal for delivery in October shed 15 paise, or 0.12%, to Rs 121.40 per kg in 65 lots

Lead futures shed 0.08% on sluggish demand, overseas cues

Lead for delivery in September fell 10 paise, or 0.08%, to Rs 127.85 per kg

Rubber output drops 26% in Aug; import continues to surge

The production between April and August, the first five months of the current financial year, saw a 4.5% rise to 277,000 tonnes from 265,000 tonnes in the same period of last year

Another year of sugar supply glut on the cards

This is despite the one per cent fall in cane sowing area

Cheaper iron ore to drive imports

Domestic steel industry stands to benefit from higher ore imports led by falling global prices

FMC's conditional okay to MCX for contracts till March

However, the regulator also directed MCX to take all pending actions on findings of PwC Report and furnish a new compliance report by 15th Oct, 2014

NCDEX proposes online mandi trading facility in Odisha

NSPOT has plans to partner with the state government to provide the required facilities

Coal stock position at thermal plants to improve in a month

ECL, BCCL, and CCL are short-staffed during the festive season, situation to come under control from mid-Oct onwards

Sugar output may rise 5% to 25.5 million tonne in 2014-15

ISMA has demanded that the govt should continue the export subsidy on raw sugar in 2014-15

US diamond market to shine despite China, India growth: De Beers

United States is likely to remain the world's largest market for diamonds for the next 15 years

Zinc down 0.4% on profit-booking

Metal for delivery in October traded lower by 0.25%

Aluminium down 0.3% on weak demand

Metal for delivery in October shed 0.24%

Copper down 0.3% on low demand, profit-booking

Profit-booking at existing levels weighed on metal prices

Sugar up 0.3% on festive demand

Commodity for delivery in November gained 0.24%

Mentha oil down 0.5% on low demand

Oil for delivery in October traded lower by 0.41%

Cardamom down 0.4% on adequate stocks

Spice for delivery in October traded lower by 0.17%

Crude palm oil futures gain 0.25% on spot demand

The oil for delivery in September traded higher by 60 paise or 0.13%

Lead falls in futures trade on profit-booking

Lead for delivery in September traded lower by 45 paise

Nickel futures fall 0.37% on profit-booking

Globally, nickel prices climbed as much as 1.5% at the LME