Page 700 - Commodity News
Nickel up 1.5% on global cues
Metal for delivery in July rose 1.48%
 "Nickel up 1.5% on global cues")
Refined soya oil up 0.5% on strong demand
Oil for delivery in July traded higher by 0.54%
 "Refined soya oil up 0.5% on strong demand")
Crude oil up 1.1% on Asian cues
Oil for July delivery also moved up by 1.12%
 "Crude oil up 1.1% on Asian cues")
Gold up 0.2% on global cues
Metal for delivery in August moved up by 0.13%
 "Gold up 0.2% on global cues")
Silver up 0.3% on global cues
The metal rose as much as 0.5% to $19.63 an ounce in Singapore
 "Silver up 0.3% on global cues")
New FMC norms: Exchanges set to boost tech focus
FMC has mandated commodity exchanges to have a standing committee of directors for technology
 "New FMC norms: Exchanges set to boost tech focus")
Cotton yield improves significantly in Rajasthan
It has risen from 415 kg of lint a hectare in 2007-08 to 785 kg projected in 2013-14
 "Cotton yield improves significantly in Rajasthan")
Miners seek removal of export duty on iron ore, pellets
Currently there's a 30% and 5% export duty on iron ore and pellets respectively
 "Miners seek removal of export duty on iron ore, pellets")
No proposal to delist any commodity from futures: Ramesh Abhishek
Interview with Chairman, FMC
 "No proposal to delist any commodity from futures: Ramesh Abhishek")
Premium on gold at nine months' low
Below $10 an oz
 "Premium on gold at nine months' low")
Castorseed up 1% on export, domestic demand
Marketmen attributed rise in castorseed at futures trade to fresh positions built-up by speculators
 "Castorseed up 1% on export, domestic demand")
Barley up 1% on low levels buying
Analysts said the rise in barley at futures trade was mostly on fresh positions created by speculators following restricted supplies in the market
 "Barley up 1% on low levels buying")
Refined soya oil up 0.3% on good spot demand
Oil for delivery in July edged up by 0.25%
Sugar up 0.2% on rising spot demand
Commodity for delivery in July contract gained 0.13%
 "Sugar up 0.2% on rising spot demand")
Copper down 0.1% on global cues; low demand
Metal for delivery in June traded lower by 0.04%
 "Copper down 0.1% on global cues; low demand")
Cardamom down 1.6% on profit-booking
Weak demand influenced prices of the commodity
 "Cardamom down 1.6% on profit-booking")
Palm oil down 0.2% on low demand
Oil for delivery in June contract traded lower by 0.08%
 "Palm oil down 0.2% on low demand")
Crude oil up 0.2% on firm overseas cues
Prices of the commodity for June also up by 0.13%
Nickel down 0.5% on global trends, subdued spot demand
Metal for delivery in June traded lower by 0.47%
Mentha oil down 0.2% on weak demand
Higher supplies from producing regions also put pressure on mentha oil prices
 "Mentha oil down 0.2% on weak demand")