Page 802 - Commodity News
Gold gains Rs 230 on low level buying, global cues
Silver also jumped by Rs 770 to Rs 44,400 per kg after sharp fall of Rs 1,430 yesterday
 "Gold gains Rs 230 on low level buying, global cues")
Castorseed up 1.9% on brisk buying
January contract advanced by 1.6%
 "Castorseed up 1.9% on brisk buying")
Chana up 1.8% as demand picks up
Commodity for delivery in December higher by 1%
 "Chana up 1.8% as demand picks up")
Coriander up 2.3% on good demand, tight stocks
Spice for delivery in January moved up by 2.14%
 "Coriander up 2.3% on good demand, tight stocks")
Soyabean down 2.3% on weak global cues
Most active near January contract slided by 0.72%
 "Soyabean down 2.3% on weak global cues")
Cardamom down 0.5% on adequate stocks
Market analysts said traders reduced their positions on the back of weak trend at spot market
 "Cardamom down 0.5% on adequate stocks")
Potato down 0.9% on subdued demand
Commodity for delivery in April declined by 0.8%
 "Potato down 0.9% on subdued demand")
Once an opium producer, Arunachal district grows large cardamom
Anjaw produced 150 metric tonnes with a turnover of Rs 12 cr during FY 2010-11
Crude oil down 0.2% on global cues
Oil for delivery in January was down by 1 cent, to $97.49 a barrel on the New York Mercantile Exchange
 "Crude oil down 0.2% on global cues")
Crude palm oil falls 39% on weak overseas cues
Prices for delivery in December declined by 0.28%
 "Crude palm oil falls 39% on weak overseas cues")
Mentha oil up 0.4% on export, domestic demand
Market analysts said the trading sentiment improved further largely on the back of higher demand from consuming industries
 "Mentha oil up 0.4% on export, domestic demand")
Zinc down 0.6% on global cues, sluggish demand
Metal for delivery in January fell by 0.5%
 "Zinc down 0.6% on global cues, sluggish demand")
Nickel down 0.3% on sluggish demand, global cues
Market analysts said speculators reduced their positions due to sluggish demand from alloy-makers in the spot market
 "Nickel down 0.3% on sluggish demand, global cues")
Lead down 0.4% on subdued spot demand, overseas trend
Metal for delivery in January shed 0.38%
 "Lead down 0.4% on subdued spot demand, overseas trend")
Copper down 0.4% on global cues
Analysts attributed the decline in copper prices at futures trade to a weak trend at the LME
 "Copper down 0.4% on global cues")
Gold struggles as tapering fears, fund outflows persist
Spot gold rose 0.3% to $1,227.10 an ounce, after falling more than 2% on Thursday to a low of $1,223.30
 "Gold struggles as tapering fears, fund outflows persist")
Oil mixed in Asia on oversupply, Fed tapering concerns
There is speculation that the Fed Reserve will soon scale back its stimulus programme
 "Oil mixed in Asia on oversupply, Fed tapering concerns")
 "In the land of the holy cow, fury over beef exports")
Increasing milk exports can cause volatility in domestic prices: Dairy board chief
NDDB chief feels that competition between domestic and export markets can lead to increase in prices for domestic consumers
 "Increasing milk exports can cause volatility in domestic prices: Dairy board chief")