Page 792 - Commodity News
Crude palm oil down 0.2% on low demand
Oil for delivery in February weakened by 0.05%
 "Crude palm oil down 0.2% on low demand")
Jeera up 2% on rising demand
Spice for delivery in March traded higher by 1.9%
 "Jeera up 2% on rising demand")
Mentha oil up 0.3% on strong demand
Strong demand, less arrivals influenced mentha oil prices
 "Mentha oil up 0.3% on strong demand")
Gold futures up 0.8% on global cues
Metal for delivery in April moved up by 0.7%
 "Gold futures up 0.8% on global cues")
Silver up 2.6% on global cues
Metal for delivery in May traded higher by 2.5%
 "Silver up 2.6% on global cues")
Cardamom up by 0.7% on rising demand
Tight stocks position in the physical market following less arrivals from producing regions also supported the uptrend
 "Cardamom up by 0.7% on rising demand")
Copper up by 0.2% on strong global cues
Besides, pick-up in demand at the domestic market also supported the upside
 "Copper up by 0.2% on strong global cues")
Nickel up by 0.5% on global cues
Speculators enlarged positions tracking a firming trend
 "Nickel up by 0.5% on global cues")
Lead up by 0.8% on strong spot demand
A firm trend in the entire base metals pack also influenced prices
 "Lead up by 0.8% on strong spot demand")
Oil prices rise in Asian trade
Investors anticipated upbeat US stockpiles data
 "Oil prices rise in Asian trade")
Karnataka to auction 4-5 mt of iron ore dumps
The current supply of iron ore is pegged at 14 mt, which is projected to go up to 22 mt provided more new mines start operating and NMDC increases its capacity to 10 mt
 "Karnataka to auction 4-5 mt of iron ore dumps")
FMC plans boost for commodity markets
Easier position limits, sops for hedgers to push sagging volumes
 "FMC plans boost for commodity markets")
Higher demand and lower arrivals push cotton prices
Fall in rupee against dollar has also motivated exporters, textile mills leading to growth in cotton demand
 "Higher demand and lower arrivals push cotton prices")
Gold to lose sheen further
Prospect of a stronger dollar due to Fed's tapering could reduce appetite for the precious metal
Bullion Association eyes 5% FTIL stake in MCX through UCX
If successful, this will be BBA's first corporate investment
Gold, silver gain on low-level buying
Traders said emergence of buying at prevailing lower levels for the upcoming marriage season mainly led the recovery move in precious metals
 "Gold, silver gain on low-level buying")
Sugar price steady on scattered buying
Marketmen said after two day's fall prices finally found fresh buying support and held unchanged
 "Sugar price steady on scattered buying")
NCDEX launches cotton seed futures contract
Exchange says contract is ideal for price risk management needs of the ginners, oil millers, stockists
 "NCDEX launches cotton seed futures contract")
Coriander gains by 1.5% in futures
Rising demand and restricted arrivals from producing belts influenced prices
 "Coriander gains by 1.5% in futures")
Chana gains by 0.3% on spot demand
Traders created fresh positions, supported by a rise in demand in the spot market
 "Chana gains by 0.3% on spot demand")