Page 793 - Commodity News

Cardamom rises by 0.2% as demand pick up

Speculators indulged in creating positions after demand picked up

Crude palm oil remain weak on sluggish demand

Speculators trimmed positions amid low demand in the spot market

Zinc up by 0.2% on spot demand

Speculators enlarged positions amid a firming trend at spot markets on better demand

Aluminium rises by 0.3% on spot demand

However, weakness in the entire base metals in yesterday's trade overseas, limited gains

Lead up by 0.2% on spot demand

However, weakness in base metals in yesterday's trade at the LME capped the gains

Nickel strengthens by 0.5% on spot demand

Overnight weakness in base metals at the London Metal Exchange (LME), limited the gains

Copper rises by 0.4% on spot demand

Speculators enlarged positions amid a firming trend at spot markets on industrial demand

UCX eyes FTIL's stake in MCX

We have got backing of existing investors, mutual funds and FIIs for FTIL's stake in MCX, said an UCX official

Karnataka lacks storage for 2.1-mt foodgrain

The estimated investment required is Rs 1,100 cr

Vegetables upset household budgets in 2013

Pulses, edible oils and sugar proved saviours for consumers, with a steep fall in their prices despite an upsurge in WPI and CPI

Coffee exports rise 3% in 2013

Lower prices in intl markets offset gains due to rupee depreciation

Rising demand for platinum jewellery

With restrictions on gold and more awareness of this substitute, import doubles to 40 tonnes in a year, aided by buyback assurances

RBI allows refiners to import gold dore

Till now, gold dore import was banned and gold refineries were sources their input from scrap gold

Gold jewellery imports surge to over 20 tonne at fag-end of 2013

India, the world's largest gold consumer and that meets its entire demand through imports, did not buy any gold jewellery abroad in the same period last year

Lead futures down on global cues

Similarly, the metal for delivery in December traded lower by 90 paise, or 0.65 % to Rs 136.70 per kg in 268 lots

Nickel futures down 0.47% on global cues

On the similar lines, the metal for delivery in January shed Rs 3.50, or 0.40 %, to Rs 872.50 per kg in 457 lots

Zinc futures down on profit-booking, global cues

Marketmen said weakness in base metals overseas, led to a fall in zinc prices at futures trade

Gold futures down 0.3% on weak global cues

Metal for delivery in February shed 0.28%

Potato futures fall 1.39% on supply pressure, weak demand

Analysts said the fall in potato prices at futures trade was due to increased supplies from producing regions against weak demand in the spot markets

Silver down 0.4% on global cues

In the international market, silver traded 2.5% lower at $19.57 an ounce in New York in yesterday's trade