Page 684 - Commodity News
Silver gains 0.4% in futures trade
Speculators enlarge positions pushing up prices
 "Silver gains 0.4% in futures trade")
Gold futures recover 0.44% on global cues
Participants create fresh positions in line with firm overseas trend
 "Gold futures recover 0.44% on global cues")
 "Bad economics remains the bane of sugar sector")
 "Record coffee bean output likely")
Vegetable prices set to remain high
Delayed rainfall this monsoon season will mean a proportionate delay in sowing, harvesting and supply
 "Vegetable prices set to remain high")
MCX pays bulk of transaction tax
Major impact was seen on MCX because most of the volumes have been happening in metals and precious metals and energy
 "MCX pays bulk of transaction tax")
Gold eases over 2% seeking direction from Fed
US Fed chair Janet Yellen's semi-annual testimony to the Senate and House committees is set to bring out a direction for US economy on July 15
 "Gold eases over 2% seeking direction from Fed")
Castorseed down 1.4% on selling pressure
July contracts also eased marginally by 0.1%
 "Castorseed down 1.4% on selling pressure")
Silver falls 0.74% on profit-booking
A weak trend overseas also affected prices
Crude palm oil prices fall 0.6% on profit-booking
Besides, a weak trend overseas also put pressure on the prices
 "Crude palm oil prices fall 0.6% on profit-booking")
Copper falls by 0.1% on profit-booking
Speculators trimmed positions to book profits amidst a weak trend in global markets
 "Copper falls by 0.1% on profit-booking")
Gold falls 0.3% on weak global cues
Speculators locked-in gains amid a weak global trend
 "Gold falls 0.3% on weak global cues")
Lead gains by 0.4% on spot demand
A firm global trend also influenced prices
 "Lead gains by 0.4% on spot demand")
Nickel falls 0.11% on overseas cues
Sluggish demand from alloy-makers in the domestic spot market also affects prices
 "Nickel falls 0.11% on overseas cues")
Zinc rises 0.5% on global cues, spot demand
Signs of improving demand from China sends global prices to near highs
 "Zinc rises 0.5% on global cues, spot demand")
Gold eases but still near four-month high on safe-haven bids
Spot gold fell 0.2% to $1,3355 an ounce by 0301 GMT after posting its sixth straight weekly gain last week
Rubber production up 66 per cent in June
The production in June this year rose to 63,000 tonne, as against 38,000 tonne in June 2013
 "Rubber production up 66 per cent in June")
India to import rice bran from neighbours
Capacity utilisation of solvent extraction units to go up, feed industry to benefit as well
 "India to import rice bran from neighbours")
Price of Natural gas should not be increased: Trade Body
As per a study by Chemical Industries Association, recommendations made by the Rangarajan panel had "several flaws"
 "Price of Natural gas should not be increased: Trade Body")
Gold crawls back on modest buying; silver edges lower
Silver, on the other hand, moved down further due to subdued industrial offtake