Page 749 - Commodity News
Lead down 0.2% on subdued spot demand, global cues
Marketmen said a weak trend in base metals at the LME attributed fall in lead futures prices
 "Lead down 0.2% on subdued spot demand, global cues")
Crude oil down 0.7% on global cues
Oil prices for May delivery moved down by 0.6%
 "Crude oil down 0.7% on global cues")
Silver down 0.3% on weak global cues
Market analysts said a subdued trend in precious metals in the global markets put pressure on silver futures trade
 "Silver down 0.3% on weak global cues")
Aluminium down 0.2% on weak global cues
Metal for delivery in March traded lower by 0.19%
 "Aluminium down 0.2% on weak global cues")
Palm oil down 0.7% on subdued demand
Market analysts said offloading positions by speculators due to subdued demand in the spot market led to a fall in the prices
 "Palm oil down 0.7% on subdued demand")
Cardamom down 0.9% on comfortable stocks
Spice for delivery in April traded lower by 0.68%
 "Cardamom down 0.9% on comfortable stocks")
Mentha oil up 3% on strong demand
Oil for delivery in March edged up by 2.9%
 "Mentha oil up 3% on strong demand")
Makers see sponge iron prices range-bound till June
The drop in demand for sponge iron and pellet prices has led to a cut in ore prices by miners
 "Makers see sponge iron prices range-bound till June")
Gold hits 3-week low after Fed statement
US tapering and interest rate hike may increase cost of holding, to see a massivesupport at $1,300
 "Gold hits 3-week low after Fed statement")
Govt may suspend wheat export
Crop damage due to recent hailstorms the reason; India may miss out on global price surge
 "Govt may suspend wheat export")
No change in 80:20 rule for gold import: Chakrabarty
Says If there is competition, gold will be imported at a lower cost
 "No change in 80:20 rule for gold import: Chakrabarty")
Sugar mills' fortunes set for early revival
Might return to profit next quarter as prices rise, losses dip
 "Sugar mills' fortunes set for early revival")
Maize buyers lose Rs 50 a quintal due to multiple intermediaries: KPMG
Exports in 2014-15 seen higher at four million tonnes
 "Maize buyers lose Rs 50 a quintal due to multiple intermediaries: KPMG")
Gold down 0.8% on weak global cues
Metal for delivery in far-month June shed 0.72%
 "Gold down 0.8% on weak global cues")
Silver down 1.7% on global cues, low demand
Metal for delivery in July traded lower by 1.51%
Gold down on sustained selling, global cues
Silver followed suit and lost Rs 540 at Rs 45,700 per kg on poor offtake by industrial units and coin makers
 "Gold down on sustained selling, global cues")
Palm oil down 1.5% on profit-booking
Analysts said profit-booking by speculators, subdued demand in the spot market influenced the prices
Potato up 0.8% on limited supply, high demand
Commodity prices for delivery in March jumped up by 0.75%
 "Potato up 0.8% on limited supply, high demand")
Copper down 0.4% on weak global cues
Metal for delivery in April fell by 0.38%
 "Copper down 0.4% on weak global cues")
Lead down 0.5% on global cues, subdued demand
Metal for delivery in March shed 0.47%