Page 660 - Commodity News
Aluminium down 0.3% on global cues
Metal for delivery in September traded lower by 0.28%
 "Aluminium down 0.3% on global cues")
Zinc down 0.4% on subdued demand
Marketmen said besides low demand at domestic spot markets, a weak trend in base metals at the LME, put pressure on the metal
 "Zinc down 0.4% on subdued demand")
Nickel down 0.2% on global cues
Metal for delivery in September shed 0.18%
 "Nickel down 0.2% on global cues")
Lead down by 0.1% on weak overseas cues
Speculators reduced their exposures amid a weak trend
 "Lead down by 0.1% on weak overseas cues")
Copper weakens by 0.4% on global cues
Speculators trimmed positions, tracking a weak trend overseas
 "Copper weakens by 0.4% on global cues")
Chana declines by 0.2% on increased supplies
Weak demand from dal mills also affected prices
 "Chana declines by 0.2% on increased supplies")
Cardamom climbs by 1.5% on rising demand
Speculators enlarged positions supported by rising demand in the spot market
 "Cardamom climbs by 1.5% on rising demand")
Mentha oil rises by 0.5% on spot demand
Restricted arrivals from producing regions also supported the uptrend
 "Mentha oil rises by 0.5% on spot demand")
Crude palm oil rises by 0.6% as demand picks up
Speculators created fresh positions, taking positive cues from the spot markets
 "Crude palm oil rises by 0.6% as demand picks up")
Branded edible oil producers to cut prices
Global price falls 20% in two months to hit multi-year low on oversupplies, waning El Nino fears and ensuing bumper crops
 "Branded edible oil producers to cut prices")
FMC proposes uniform criteria for warehouse service providers
Sets minimum networth criteria, makes insurance of stored goods mandatory, seeks public comment in three weeks
 "FMC proposes uniform criteria for warehouse service providers")
Gold purchases can wait
Unlike earlier years, buying it closer to the festival season can be cheaper
 "Gold purchases can wait")
Spot gold gains Rs 230 on global cues, seasonal demand
Silver adds Rs 400 to Rs 43,000 per kg on higher offtake by industrial units and coin makers
 "Spot gold gains Rs 230 on global cues, seasonal demand")
Refined soya oil futures remain weak on sluggish demand
September and October contracts lose 0.67% and 0.47% respectively
 "Refined soya oil futures remain weak on sluggish demand")
Pepper mart likely to be hot
Global market remains strong now as Brazil, Indonesia and Vietnam quoting higher tags
 "Pepper mart likely to be hot")
Sugar remains under pressure in futures trade, sheds 0.26%
Higher supplies from Millers maintain pressure on prices
 "Sugar remains under pressure in futures trade, sheds 0.26%")
Chana up 0.44% as demand rises
Traders create fresh positions as offtake in sport market improves
Lead down 0.55% on weak global cues
Traders pare exposure as metal loses in overseas markets
Zinc softens 0.32% on global cues
Traders offload positions after metal sheds 0.7% London Metal Exchange
Cardamom gains 0.35% as demand picks up
Traders enlarge positions on lower arrivals from key producing belts