Page 691 - Commodity News
Cardamom up 0.7% on rising demand
Spice for delivery in August gained 0.5%
 "Cardamom up 0.7% on rising demand")
Sugar down 0.6% on profit-booking
Commodity for delivery in July traded lower by 0.54%
 "Sugar down 0.6% on profit-booking")
Gold down 0.3% on global cues
Metal for delivery in far-month October lost 0.26%
 "Gold down 0.3% on global cues")
Silver down 0.7% on weak global trend
Metal for delivery in July declined by 0.66%
 "Silver down 0.7% on weak global trend")
Palm oil up 1.2% on spot demand
Oil for delivery in June contract traded higher by 0.96%
 "Palm oil up 1.2% on spot demand")
Mentha oil down 0.5% on low demand
Oil for delivery in June traded lower by 0.32%
 "Mentha oil down 0.5% on low demand")
NSEL urges banks not to extend credit to defaulters
Company mentions account details of defaulters such as Mohan India, Tavishi Enterprises and Spin-Cot Textiles
 "NSEL urges banks not to extend credit to defaulters")
West Bengal throws spanner in potato market
Possible ban on supply to other states might raise prices of the commodity
 "West Bengal throws spanner in potato market")
Sugar mills warn of 2013 repeat
Say cane crushing unlikely in UP without state's action on last year's promise of financial help
 "Sugar mills warn of 2013 repeat")
Raw sugar export to remain well below 1 mt
To achieve less than 25% of permissible quantity due to cut on subsidy period from 19 months to just seven months
 "Raw sugar export to remain well below 1 mt")
NSEL pays to 70% e-silver investors
The exchange has already completed financial closure of e-gold contracts
 "NSEL pays to 70% e-silver investors")
Oil output drops marginally in May, gas production dips
Crude oil production was at 3.16 million tonnes in May compared with 3.17 million tonnes in the same period a year ago
 "Oil output drops marginally in May, gas production dips")
Potato up 0.31% on rising demand
Restricted supplies from major producing regions also influence prices
Crude palm oil remains higher on firm demand
June, July contracts up 0.3% and 0.13% respectively, as traders enlarge positions
Sugar remains steady on hike in import duty
August contract gains 1%, as speculators build fresh positions
Nickel declines 0.21% in futures on profit-booking
Low offtake from alloy makers, weakness on LME fuels downtrend
 "Nickel declines 0.21% in futures on profit-booking")
Cardamom extends gains on rising demand
August, Sept contracts gain 0.17% and 0.09% respectively, as lower arrivals from growing areas support uptrend
Gold futures shed 0.25% on global cues
Traders offload positions as metal loses 0.3% in Singapore
 "Gold futures shed 0.25% on global cues")
Silver futures down 0.4% on global cues
Speculators reduced their exposures, affecting prices
Lead weakens by 0.3% on overseas cues
Subdued demand at domestic spot markets also affected prices
 "Lead weakens by 0.3% on overseas cues")