Page 726 - Commodity News
Gold down 0.2% on global cues
Metal for delivery in June shed 0.16%
 "Gold down 0.2% on global cues")
Crude prices down in Asian trade
There were expectations of another increase in US crude stockpiles
 "Crude prices down in Asian trade")
CBI set to question Bhave on MCX-SX
Bhave would be called for clarifying several points related to grant of sanction to MCX-SX to operate and renewal of licence
 "CBI set to question Bhave on MCX-SX")
Soya beans fail to bounce as crushing sinks to 4-year low
Soya bean prices have gone up 18.6% to Rs 4,512.50 a quintal since the start of this year. But refined oil prices have risen 3% to Rs 716 per 10 kg due to cheaper imports
 "Soya beans fail to bounce as crushing sinks to 4-year low")
Gems & jewellery exports decline by 11% in 2013-14
GJEPC attributes dip to fall in gold price and stringent import policy
 "Gems & jewellery exports decline by 11% in 2013-14")
North increases area under kinnow as South set to peel it
The flourishing market for kinnow in the southern states of India has driven the farmers in north to increase area under kinnow
 "North increases area under kinnow as South set to peel it")
How Surat's diamond co-op model lost its shine
Did it fail because it was run not like a cooperative with joint decision-making, but as a company whose sole prerogative was profit?
 "How Surat's diamond co-op model lost its shine")
Gold ends lower on weak global cues; silver strengthens
Gold prices fell by Rs 130 , on the other hand, silver rose by Rs 100
 "Gold ends lower on weak global cues; silver strengthens")
Castorseed down 1.3% on weak demand
Near June contract fell by same margins of 1.29%
 "Castorseed down 1.3% on weak demand")
Barley down 1.5% on profit-booking
Near June contract slipped by 1.34%
 "Barley down 1.5% on profit-booking")
Lead down 0.5% on weak demand
Analysts said speculators trimmed positions on the back of weak demand from battery-makers in the spot market which mainly influenced lead prices
 "Lead down 0.5% on weak demand")
Copper down 0.5% on profit-booking
Metal for delivery in April declined by 0.42%
 "Copper down 0.5% on profit-booking")
Chilli up 0.7% as demand picks up
Market analysts said fresh positions built-up by speculators after demand picked up the spot market against restricted arrivals from producing regions mainly led to rise in the prices
 "Chilli up 0.7% as demand picks up")
Jeera remains weak on increased supply, low demand
May, June contracts shed 0.7% each as traders trim positions on lower offtake in spot market
 "Jeera remains weak on increased supply, low demand")
Sugar down 0.2% on ample supply
The commodity for delivery in June shed 0.06%
 "Sugar down 0.2% on ample supply")
Turmeric down 1.1% on profit-booking
Spice for delivery in June traded lower by 1.09%
 "Turmeric down 1.1% on profit-booking")
Mentha oil up 0.2% on spot demand
Oil for delivery in May traded higher by 0.25%
 "Mentha oil up 0.2% on spot demand")
Silver down 0.4% on lower global trend
Metal for delivery in July declined by 0.35%
 "Silver down 0.4% on lower global trend")
Palm oil down 0.3% on profit-booking
Oil for delivery in April shed 0.12%
 "Palm oil down 0.3% on profit-booking")
Cardamom down 0.5% on sluggish demand
Spice for delivery in June traded lower by 0.35%
 "Cardamom down 0.5% on sluggish demand")