Page 722 - Commodity News
Gold futures rise marginally on global cues
Traders build positions as metal rallies to three-week high in global markets on Ukraine crisis
 "Gold futures rise marginally on global cues")
Oil prices rise in Asia
The US Department of Energy will be releasing their crude stockpiles report
 "Oil prices rise in Asia")
MCX takes action against 7 officials mentioned in PwC report
Report points out lacunae in surveillance mechanism and payment made to bogus entities
 "MCX takes action against 7 officials mentioned in PwC report")
Sweeping changes in comex ownership
Banks, financial institutions, exchanges or depositories could hold up to 15% stake in a commodity exchange
 "Sweeping changes in comex ownership")
Sugar output dips marginally
Also, sugar dues accruing to farmers touched Rs 12,000 cr across the country
 "Sugar output dips marginally")
It's milk price rise season
Cost of production has gone up coupled with lower supply of milk during summer months
 "It's milk price rise season")
R-Cap may quit race for MCX stake
New FMC norms will not allow it to bid for more than 5% stake
 "R-Cap may quit race for MCX stake")
Gold up on wedding season demand, global cues
Traders said a firming global trend mainly influenced the sentiment
Potato down 1.2% on higher supply
Commodity for delivery in May lost 1.11%
 "Potato down 1.2% on higher supply")
Barley down 1.3% on ample supply
Commodity for delivery in May traded lower by 1.16%
 "Barley down 1.3% on ample supply")
Chana down 0.3% increased supply
Commodity for delivery in June traded lower by 0.26%
 "Chana down 0.3% increased supply")
Palm oil up 0.2% on good spot demand
Oil for delivery in May edged up by 0.05%
 "Palm oil up 0.2% on good spot demand")
Steel consumption up 3.4% to 5.8 million tonnes in April
Production of crude steel grew by 2.7% to 6.8 million tonnes during the month
 "Steel consumption up 3.4% to 5.8 million tonnes in April")
Nickel up 1.8% on global cues
Rising demand at domestic spot markets from alloy-makers also supported the upside
 "Nickel up 1.8% on global cues")
Copper up 0.3% on rising demand
Market analysts said fresh positions created by participants supported by rising demand in the spot markets, influenced the prices
 "Copper up 0.3% on rising demand")
Aluminium up 0.2% on firming overseas trend
Increased demand at domestic spot markets also influenced prices
 "Aluminium up 0.2% on firming overseas trend")
Chilli down 2.6% on weak demand, adequate supply
Spice for delivery in July declined by 2.19%
 "Chilli down 2.6% on weak demand, adequate supply")
Mentha oil up 0.6% on rising demand
Oil for delivery in June contract gained 0.63%
 "Mentha oil up 0.6% on rising demand")
Cardamom up 0.5% as demand rises
Analysts attributed gains in cardamom prices at futures trade to rising demand in the spot markets
 "Cardamom up 0.5% as demand rises")
Oil prices fall further in Asia
The weak manufacturing sector in China affected prices