Page 652 - Commodity News
Silver futures up 0.4% on overseas cues
Speculators enlarge positions ahead of Fed meet
 "Silver futures up 0.4% on overseas cues")
Gold futures up marginally on global cues
Investors build fresh positions ahead of Federal Reserve meet today
 "Gold futures up marginally on global cues")
 "Time ripe for Nalco to raise production?")
 "Brent crude falls to 26-month low of $96.21 on Chinese data")
 "Indonesia, Malaysia eye Indian veg oil market")
 "Pepper output likely to double next season")
Gold futures up 0.33% on global cues
Participants enlarge positions on firming trend overseas
 "Gold futures up 0.33% on global cues")
Prices of agricultural commodities fall
Prices have fallen up to 20% since April despite delay in rains
 "Prices of agricultural commodities fall")
Agricultural commodities decline on steady recovery in sowing area
Huge inventory, bumper production and global price slump to keep food prices subdued, horticulture prices may buck the trend though
 "Agricultural commodities decline on steady recovery in sowing area")
Steel imports under scanner, ministry to review situation
The industry has witnessed a sharp rise in steel rebars import from China as well as alloy steel
 "Steel imports under scanner, ministry to review situation")
Zinc up 0.1% on overseas cues
Increased demand from consuming industries in the spot market supported the uptrend
 "Zinc up 0.1% on overseas cues")
Silver down 0.4% on weak global trend
Analysts said a weak trend in the precious metals overseas mainly pulled down silver prices
 "Silver down 0.4% on weak global trend")
Palm oil up 0.5% on rising demand
Oil for delivery in September gained 0.41%
 "Palm oil up 0.5% on rising demand")
Nickel up 0.7% on global cues, spot demand
Analysts said apart from increased domestic demand, firmness in base metals influenced nickel prices
 "Nickel up 0.7% on global cues, spot demand")
Cardamom up 0.3% on rising demand
Spice for delivery in October traded higher by 0.10%
 "Cardamom up 0.3% on rising demand")
Mentha oil futures extend losses, down 0.54% on low demand
The oil for delivery in October contracts declined by Rs 2.50, or 0.36% to Rs 694 per kg in 56 lots
 "Mentha oil futures extend losses, down 0.54% on low demand")
Lead futures up 0.12% on overseas trend, spot demand
A firming trend in base metals at the London Metal Exchange upported the upside in lead futures here
 "Lead futures up 0.12% on overseas trend, spot demand")
Jute industry wants govt help in exports
Indian jute manufacturers ship around 200,000 tonnes of jute goods abroad, valued at Rs 2,000 crore
 "Jute industry wants govt help in exports")
New textile policy soon
The draft vision paper, given to the ministry in July, aims at bringing investment of $120 billion
 "New textile policy soon")
NSEL denies FMC's slow-recovery charge
FMC had earlier noted that NSEL has posed a major impediment in the recovery process and consequently contributed to negligible progress
 "NSEL denies FMC's slow-recovery charge")