Page 658 - Commodity News
Gold up Rs 70 in NCR on festive season demand, global cues
Silver adds Rs 150 to Rs 43,000 per kg on steady buying by industrial units, coin makers
 "Gold up Rs 70 in NCR on festive season demand, global cues")
Oil prices up on Ukraine tensions, rosy US data
The United States warned it was considering new sanctions against Russia over the latest development
 "Oil prices up on Ukraine tensions, rosy US data")
KPMG to do forensic audit of UCX
The appointment of the forensic auditor follows inspection and audit done by the FMC in last June in which siphoning of funds was noticed
 "KPMG to do forensic audit of UCX")
Domestic rubber prices see sharpest fall in five years
RSS grade-4 commodity below Rs 130 a kg
 "Domestic rubber prices see sharpest fall in five years")
 "JSW emerges major buyer of Goan iron ore")
Gujarat kharif crop area down 6% from a year ago
Cotton sowing has increased but peanut's has decreased over last year
 "Gujarat kharif crop area down 6% from a year ago")
Mustardseed down 0.9% on subdued spot demand
Delivery in far-month October contracts fell by 0.76%
 "Mustardseed down 0.9% on subdued spot demand")
Turmeric rises 1% on export demand
Speculators enlarge positions, taking positive cues from the spot market
 "Turmeric rises 1% on export demand")
Chana down by 0.3% on higher output hopes
Speculators indulged in reducing holdings
 "Chana down by 0.3% on higher output hopes")
Mentha oil up by 0.4% on rising demand
Speculators enlarged positions, supported by rising demand
 "Mentha oil up by 0.4% on rising demand")
Crude palm oil falls by 0.6% on sluggish demand
Speculators trimmed positions, tracking a weak trend
 "Crude palm oil falls by 0.6% on sluggish demand")
Gold futures surge on global cues
Speculators enlarged positions taking positive cues from overseas markets
 "Gold futures surge on global cues")
Nickel rises 0.2% on spot demand
Covering-up of short positions by speculators also led to rise in prices
 "Nickel rises 0.2% on spot demand")
Cardamom remains higher on rising demand
Speculators enlarged positions, supported by rising demand
 "Cardamom remains higher on rising demand")
Silver futures rise on global cues
Participants built-up speculative positions, largely driven by a firming trend overseas
 "Silver futures rise on global cues")
Copper up by 0.1% on spot demand
Speculators enlarged positions even as metal weakened overseas
 "Copper up by 0.1% on spot demand")
Oil prices down in Asia
Dealers looked ahead to fresh US economic data for clues about demand
 "Oil prices down in Asia")
FTIL sells 5% stake in MCX, completes exit
FTIL's exit is expected to provide respite to MCX, which has been struggling to secure approvals for its contracts
 "FTIL sells 5% stake in MCX, completes exit")
UP sugar cane allocation meetings next month
Private mills to abstain from meetings like last year
 "UP sugar cane allocation meetings next month")
US recovery sets positive tone for base metals
Most recover from recent lows, trend likely to continue
 "US recovery sets positive tone for base metals")