Page 674 - Commodity News

Mentha oil down 0.2% on low demand

Higher supplies from Chandouisi in Uttar Pradesh also influenced mentha oil prices

Cardamom down 0.2% on profit-booking

Spice for delivery in September contracts shed 0.15%

Chilli up 1.4% on tight supply, strong demand

Analysts said fresh positions built-up by speculators on the back of upsurge in demand in the spot market mainly pushed up chilli prices at futures trade

Potato up 2.2% on rising demand

Market analysts attributed the rise in potato prices at futures trade to rising demand in the spot market against tight supplies from growing belts

Sugar down 0.8% on profit-booking

Commodity for delivery in August traded lower by 0.37%

Refined soya oil up 0.3% on upsurge in demand

Oil for delivery in September traded higher by 0.24%

CACP for further rationalisation of import duty on oilseeds

Move has potential of reining edible oil prices and enhancing employment and output in domestic units

Inflation may lead to marginal rise in wheat MSP

The MSP is expected to be around 1,420-1,450 per quintal

Cashew processors in Odisha demand govt support

Seek overseas buyer arrangements, port & container facilities and financial backing to compete with exporters from other states

Crude palm oil rises 0.16% as demand picks up

Traders create fresh positions on positive sentiment

Copper loses 0.62% on global cues, low demand

Traders at home pare positions as metal loses in London and Singapore

Nickel sheds 0.38% on weak global trend

Lower offtake from alloy makers at home supports downtrend

Gold futures down 0.55% on weak global cues

Traders offload positions as metal loses lustre in Singapore

Silver futures down 0.28% on profit-booking, global cues

Appeal for metal as alternative investment declines abroad on news of positive US economic data

Lead sheds 1% on overseas cues

Subdued demand from battery makers at home fuels downtrend

Oil prices extend losses in Asian trade

Concerns eased that fresh Western sanctions on Russia over Ukraine would have an immediate impact on global oil supplies

SEZs lose jewellery business to units outside, blame 80:20 rule

Shipment of gold jewellery from SEZs and EPZs slump 29% to Rs 4,702 cr in April-June, versus Rs 6,603 cr in year-ago period

Natural gas speculators shift to bullion, crude oil

Off late because of geopolitical tension volatility in crude oil and gold has increased

Vegetable prices decline after revival in rainfall

Compared to peak levels early this month, prices of primary vegetables have declined up to 50%

New tech gives a boost to shrimp farming in Punjab & Haryana

Farmers have now started commercial prawn farming, spread over 20 acres this year