Page 690 - Commodity News
Zinc sheds 0.27% on profit-booking
Subdued offtake from consuming industries adds to pressure in futures trade
 "Zinc sheds 0.27% on profit-booking")
Crude palm oil declines 0.45% on sluggish demand
Traders pare positions as stocks pile up
 "Crude palm oil declines 0.45% on sluggish demand")
Lead weakens by 0.23% on subdued demand
Traders pare exposure on lower offtake from battery makers
 "Lead weakens by 0.23% on subdued demand")
Mentha oil up 0.46% on higher demand
Restricted arrivals from producing regions support uptrend
 "Mentha oil up 0.46% on higher demand")
Oil prices ease in Asian trade
The US economic data has fuelled bearish sentiment about demand
 "Oil prices ease in Asian trade")
Silver futures rise 0.43% on global cues
Speculators enlarge positions as metal gains 0.4% in Singapore
 "Silver futures rise 0.43% on global cues")
Gold futures rise by 0.4% on global cues
Speculators created fresh positions taking positive cues from overseas markets
 "Gold futures rise by 0.4% on global cues")
Brent holds above $113, but heads for biggest weekly drop since March
Investors unwound their positions on reduced concerns over exports from strife-torn Iraq
 "Brent holds above $113, but heads for biggest weekly drop since March")
Vegetable supplies decline, prices rise
Prices increase 6-7% in Mumbai region in a week as supply dips by a tenth in recent days
 "Vegetable supplies decline, prices rise")
Auction on global platform helps Amul treble exports
In FY14, the company exported milk products worth Rs 220 crore on the Global Dairy Trade platform
 "Auction on global platform helps Amul treble exports")
Delisting agri commodities faces opposition
The idea behind allowing such sales outside the APMC yards was to remove middlemen from the operation
 "Delisting agri commodities faces opposition")
Palm Oil prices may rise marginally if rain delays due to El Nino
Prices in Kuala Lumpur have retreated from an 18-month high in March to 2,506 ringgit currently
Sugar down 0.6% on profit-booking
Commodity for delivery in August also traded lower by 0.48%
 "Sugar down 0.6% on profit-booking")
Mentha oil down 0.4% on subdued spot demand
Oil for delivery in June shed 0.19%
Cardamom up 0.6% on spot demand, tight supply
Spice for delivery in August gained 0.52%
 "Cardamom up 0.6% on spot demand, tight supply")
Silver down 0.5% on weak global trend
Metal for delivery in September lost 0.5%
Gold slips as Asian stocks climb, but holds above $1,300
Traders said the metal will continue to see choppy trading
 "Gold slips as Asian stocks climb, but holds above $1,300")
Gold futures fall by 0.3% on weak global cues
Profit-booking by speculators also affected prices
 "Gold futures fall by 0.3% on weak global cues")
Gold clings to small gains on weak US data, softer dollar
The US economy contracted at a much steeper pace in the first quarter than previously estimated
 "Gold clings to small gains on weak US data, softer dollar")
Cashew kernel exports fall
The exports of kernels stood at 15,715 metric tonnes between April and May 2014 as against 19,904 metric tonnes in the corresponding period last year
 "Cashew kernel exports fall")