Page 687 - Commodity News

Zinc down 0.3% on weak trend

Metal for delivery in August fell by 0.19%

Nickel down 0.3% on global cues

Metal for delivery in July traded lower by 0.22%

Palm oil up 0.2% as demand picks up

Oil for delivery in July edged up by 0.06%

Cardamom rises by 0.9% on strong demand

Speculators enlarged positions, driven by strong demand in the spot market

Mentha oil gains 0.5% on rising spot demand

Speculators created fresh positions amid tight supplies

Silver down by 0.3% on global trend

Speculators partially offloaded positions amid a weak global trend

Copper declines by 0.4% on global cues

Speculators reduced positions amid weak global cues and subdued domestic demand

Gold futures fall by 0.2% on weak global cues

Reduced demand for the precious metal also put pressure on gold prices

RBI initiates swap of old gold with new one

RBI would exchange relatively impure gold including some dating back pre-independence era from its Nagpur vault and get the equivalent worth of purer yellow metal

Govt lifts quantitative ceiling on organic sugar export

India's annual organic sugar production is estimated to be around 10,000 tonnes

Cotton yarn exports decline

The fall has continued even after April and stocks started piling up in the spinning mills, though mills have yet not reduced the production

Govt lifts quantitative ceiling on organic sugar exports

Earlier, a cap of 10,000 tonnes on organic sugar exports had been imposed

4,000 foundry units face threat of closure

A slowdown in demand from engineering sector put 4,000 units in difficulties for survival

Onion may bring more tears ahead

Only two months' stock left, new crop to arrive in October

Mentha oil sheds 0.46% on profit booking

Traders exit on lower offtake from consuming industries

Lead sheds 0.38% on global trend, subdued demand

Traders pare positions as battery makers curtail purchases and metals weakens abroad

Aluminium down 0.26% on overseas trend

Traders pare positions as weak home demand fuels downtrend

Nickel weakens on global cues, sluggish demand

Participants reduce exposure tracking weak trend on London Metal Exchange

Higher realisations drive basmati sowing in North

Rising exports on falling exchange rate of rupee against US dollar and increase in demand in West Asian countries are other reasons

Global milk powder prices fall, dairies focus on domestic sales

India produces 500,000-600,000 tonnes of the powder a year, of which 90,000-120,000 tonnes are exported