Page 783 - Commodity News
Potato extends gains, up 1.5% on increased demand
Speculators enlarge positions on lower arrivals from key producing areas
 "Potato extends gains, up 1.5% on increased demand")
Crude palm oil softens 0.21% on low demand
Traders trim positions as stocks pile up on low offtake in spot market
 "Crude palm oil softens 0.21% on low demand")
Mentha oil down 0.28% on profit-booking
Speculators offload positions amid sluggish demand from consuling industries
 "Mentha oil down 0.28% on profit-booking")
Cardamom up 0.4% on rising demand, tight supply
Spice for delivery in February edged up by 0.13%
 "Cardamom up 0.4% on rising demand, tight supply")
Mentha oil down 0.2% on profit-booking
Fall in mentha oil prices at futures trade was mostly due to profit-booking by speculators at prevailing higher levels
Potato up 1.4% on increased demand
Commodity for delivery in March gained 0.98%
Palm oil down 0.2% on low demand
Oil for delivery in January shed 0.17%
Global Arabica prices to rise 15-20% in Q2
Lower-than-expected harvest in Brazil cited as the reason
 "Global Arabica prices to rise 15-20% in Q2")
No directive to FTIL to cut stake in MCX: Regulator
FMC, however, says it has powers to rule on promoter's 'fit & proper' status
 "No directive to FTIL to cut stake in MCX: Regulator")
 "Nalco in search of foreign smelter site, again")
Coffee fest kicks off today; to focus on retail market
India Coffee Trust working towards demystifying coffee and dispel myth that coffee drinking is bad
 "Coffee fest kicks off today; to focus on retail market")
Coffee Board embarks on expansion in new areas
Board completes survey in 6-7 districts of Himachal Pradesh for taking up pilot schemes to plant coffee, also identifies hilly areas near Darjeeling
Copper down 0.26% on profit-booking, global cues
Metal sheds 0.4% on LME, after China's economy slows in final quarter of last year
 "Copper down 0.26% on profit-booking, global cues")
Sugar down 0.4% on weak demand, ample supply
Sweetener for delivery in March shed 0.29%
 "Sugar down 0.4% on weak demand, ample supply")
Palm oil up 0.5% on spot demand
Oil for delivery in February edged up by 0.4%
Gold up 0.2% on global cues
Market analysts said speculators created fresh positions in tandem with a firm global trend that led to rise in gold prices
 "Gold up 0.2% on global cues")
Chana down 0.2% on increased supply
Commodity for delivery in February traded lower by 0.16%
 "Chana down 0.2% on increased supply")
Soyabean up 1% on global cues
Near February contract gained 0.99%
 "Soyabean up 1% on global cues")
Nickel down 0.8% on lower global trend
Metal lost 1.4% to $14,494 a tonne on the London Metal Exchange
 "Nickel down 0.8% on lower global trend")
Silver up 0.1% on higher global trend
Analysts attributed the rise in silver futures to a firm global trend
 "Silver up 0.1% on higher global trend")