Page 769 - Commodity News
Cardamom gains 0.9% on rising demand
Rising demand in the spot markets and a firming trend at producing belts led to rise in prices
 "Cardamom gains 0.9% on rising demand")
Gold futures up on firm global cues
Rise in gold futures was mainly in line with a firming trend in overseas markets
 "Gold futures up on firm global cues")
Oil prices down after lackluster US stockpiles
A rise in jobless claims in the US also affected prices
 "Oil prices down after lackluster US stockpiles")
Gold opens tad higher on global cues
But gains capped as rupee was trading stronger against the dollar
 "Gold opens tad higher on global cues")
Rubber imports up by 41% in Apr-Jan
But during the month of January, the imports have slowed down 20%
 "Rubber imports up by 41% in Apr-Jan")
Maize exports may drop 15%
Despite drop in price over last year, Indian maize remains uncompetitive in export market
 "Maize exports may drop 15%")
Sugar stocks up on export incentives
Benchmark Sensex fell 1.26% or 255.14 points to close at 20193.35
 "Sugar stocks up on export incentives")
India unlikely to benefit from metals' price fall
Not enough exportable surplus, export of copper against import of its raw material, nullifies benefits thereby
 "India unlikely to benefit from metals' price fall")
Commodities, securities norms to converge
Commexes allowed to have different transaction charges for commodities
 "Commodities, securities norms to converge")
Turmeric rises 1% on spot demand
Lower arrivals from producing regions also drive down prices
 "Turmeric rises 1% on spot demand")
Refined soya oil up 0.58% on spot demand
Speculators create fresh positions on higger offtake in wedding season
Chana extends gains, up 0.72% on spot demand
Traders build positions on higher offtake from dal mills and retailers
 "Chana extends gains, up 0.72% on spot demand")
Crude oil futures down 0.18% on weak Asian cues
Traders trim positions following decline in Asia, but losses are curbed on upbeat sentiment over demand in US and China
 "Crude oil futures down 0.18% on weak Asian cues")
Sugar surges as govt approves subsidy for raw sugar exports
However, sluggish demand from bulk consumers, limited the gains
 "Sugar surges as govt approves subsidy for raw sugar exports")
Potato falls by 0.4% on higher supply, low demand
Offloading of positions by speculators, triggered by higher supplies affected prices
 "Potato falls by 0.4% on higher supply, low demand")
Cardamom rises 0.9% as demand picks up
Rising domestic and export demand against restricted arrivals influenced prices
Mentha oil softens by 0.2% on profit-booking
Adequate stocks availability in the physical market also affected prices
 "Mentha oil softens by 0.2% on profit-booking")
Crude palm oil futures rise 0.6% on global cues
Speculators engaged in creating positions, tracking a firming trend overseas
 "Crude palm oil futures rise 0.6% on global cues")
Oil prices down in Asian trade
However, losses were curbed on upbeat sentiment over demand in the US and China