Page 715 - Commodity News
Gold futures up 0.18% on global cues
Traders create fresh positions as metal rises marginally in Singapore
 "Gold futures up 0.18% on global cues")
Global gold demand steady in Jan-Mar quarter: WGC
Jewellery purchases up a moderate 3% mainly due to lower gold prices
 "Global gold demand steady in Jan-Mar quarter: WGC")
Cardamom remains weak on sluggish demand
Sheds 0.29% as inventories pile up
 "Cardamom remains weak on sluggish demand")
Zinc softens by 0.24% on global cues
Traders pare positions as base metals weaken on LME
 "Zinc softens by 0.24% on global cues")
Sugar gain 0.6% on summer season demand
Traders create fresh positions as fall in production further influences prices
 "Sugar gain 0.6% on summer season demand")
Mentha oil declines 0.29% on subdued demand
Traders trim positions on lower industrial offtake, supply pressure from Chandausi in UP
 "Mentha oil declines 0.29% on subdued demand")
Chana extends losses on increased supply
Sheds almost 2% as traders offload positions following higher arrivals from growing areas
 "Chana extends losses on increased supply")
Crude palm oil rises 0.24% as demand picks up
Traders create fresh positions against tight supplies
 "Crude palm oil rises 0.24% as demand picks up")
Odisha mines' closure may push up prices by 20%
The temporary closure of mines operating under deemed extension has also choked choked iron ore supply to steel makers
 "Odisha mines' closure may push up prices by 20%")
 "Slow demand, new mine capacity keeping iron ore prices low")
Iron ore production headed for all-time low
The ripple effect of SC's move to temporarily restrict the operations of 26 mines in Odisha will be felt all over
 "Iron ore production headed for all-time low")
Castorseed down 1.3% on low export demand
Most-active June contract dipped by 1.09%
 "Castorseed down 1.3% on low export demand")
Coriander down 0.4% on low demand, increased arrivals
Adequate stocks position in the physical market due to higher arrivals from producing belts also put pressure on thecommodity
 "Coriander down 0.4% on low demand, increased arrivals")
Potato up 0.5% as demand picks up
Commodity for delivery in May also traded up by 0.23%
 "Potato up 0.5% as demand picks up")
Copper up 0.4% on global cues
Metal for delivery in August was up by 0.45%
 "Copper up 0.4% on global cues")
Chana down 0.9% on increased supply
Commodity for delivery in May traded lower by 0.67%
Lead down 0.1% in futures trade
Marketmen said profit-booking by speculators led to a marginal fall in lead futures
 "Lead down 0.1% in futures trade")
Nickel up 1.4% on global cues
Metal for delivery in June rose 1.39%
 "Nickel up 1.4% on global cues")
Cardamom down 0.7% on profit-booking
Spice for delivery in June shed 0.52%
Palm oil down 0.8% on subdued demand
Adequate stocks position in the physical market also put pressure on crude palm oil prices