Page 790 - Commodity News

GCMMF chief Chaudhary faces ouster

HC allows implementation of no-confidence motion but legal options still open

Algorithm trading in micro, mini contracts to resume

After a year's suspension, high-speed trading to open for small investors

Punjab millers hit by slow pace of rice procurement

Once a seasonal business, rice processing has now become an annual occupation

Soybean prices down on weak demand, bearish overseas cues

Both soymeal and soyoil demand is extremely low which is affecting the soybean buying in the domestic markets

Govt considers easing gold import curbs

The curbs were imposed when overseas gold purchases pushed its current account deficit to a record and undermined the rupee

Turmeric down 1.1% on profit-booking

Spice for delivery in May lost 1%

Jeera down 0.7% on sluggish demand

Spice for delivery in March declined by 0.53%

Refined soya oil weakens 0.3% on subdued demand

Traders pare positions on adequate inventory build-up

Chana down 0.2% on adequate supply

Commodity for delivery in January shed 0.16%

Palm oil sheds 0.8% on global cues

Speculators offload as the commodity drops 1.5% in Malaysia

Sugar down 0.4% on ample supply

Speculators trim positions on weak demand from ice-consuming industries

Cardamom up 0.23 per cent on strong demand

March delivery rose by Rs 1.70, or 0.23%, to Rs 741.40 per kg in business turnover of 31 lots

Lead up on strong spot demand, overseas cues

February lead traded 70 paise, or 0.51%, higher at Rs 136.70 per kg, with a turnover of eight lots

Potato rises 0.47% on pick up in demand

Amid pick-up in demand in the spot market and restricted arrivals from producing regions, potato prices rose by 0.47 per cent to Rs 980.10 per quintal in futures trade today.

Nickel futures up on global cues, spot demand

The February delivery traded higher by Rs 2.70, or 0.31%, to Rs 876.30 per kg in five lots

Copper futures up on strong global cues, spot demand

The April delivery traded higher by 90 paise, or 0.19%, to Rs 471.35 per kg, with a business turnover of 99 lots

Gold futures up on global cues

The April delivery moved up by Rs 92, or 0.32%, to Rs 28,546 per 10 gm in 20 lots

Silver futures down on global cues

The May delivery traded lower by Rs 74, or 0.16%, to Rs 46,370 per kg, with a business turnover of six lots

Traders rush to book castor seed on lower output estimates

Opportunistic profit booking increases volatility in futures market

Twofold rise in processed food, Basmati rice exports to Iran

In value terms, India's Basmati rice exports to Iran increased by 137%, or nearly three folds