Page 819 - Commodity News
Copper weakens in futures trade on global cues, subdued demand
The metal for delivery in February next year traded lower by Rs 1.40, or 0.31 per cent, to Rs 443.50 per kg in 50 lots
 "Copper weakens in futures trade on global cues, subdued demand")
Exports take a coffee break, refuse to inch up
Period from April -November 2013 has seen exports remain flat at about 1.84 lakh metric tonnes from last year
 "Exports take a coffee break, refuse to inch up")
China's zest for refined copper fires local smelters
Analysts say even if China slows a bit, its refined-copper demand in absolute numbers would still be a lot
 "China's zest for refined copper fires local smelters")
Windfall gain for basmati farmers in Punjab
Aromatic varieties of basmati paddy are fetching Rs 2,900 to 5,720 per quintal as against Rs 1,550 to Rs 3,450 per quintal last year
 "Windfall gain for basmati farmers in Punjab")
India gets bids above floor price for wheat exports
Last month, the government cut the floor by $40 a tonne to $260 for supplies to make exports attractive
 "India gets bids above floor price for wheat exports")
Gur prices fall on increased supply, reduced offtake
At Delhi, gur chakku and pedi fell by Rs 200 each to Rs 2,600-2,800 and Rs 2,750-2,800 per quintal
 "Gur prices fall on increased supply, reduced offtake")
Sugar ends lower on subdued demand, higher supply
Traders said low demand against higher supplies mainly kept pressure on sugar prices
 "Sugar ends lower on subdued demand, higher supply")
Chilli moves up by 2.38% in futures trade on strong demand
The spice for delivery in November advanced by Rs 138, or 2%, to Rs 7,042 per quintal in 670 lots
 "Chilli moves up by 2.38% in futures trade on strong demand")
Sugar futures rise 0.78% as demand picks up
The sweetener for delivery in December traded higher by Rs 2, or 0.07%, to Rs 2,829 per quintal in 11,180 lots
 "Sugar futures rise 0.78% as demand picks up")
Crude palm oil futures weaken on sluggish demand, global cues
Meanwhile, palm oil for delivery in January, retreated 1.3% to $807 a tonne on the Malaysia Derivatives Exchange
 "Crude palm oil futures weaken on sluggish demand, global cues")
Chana futures fall 0.83% on profit-booking
Commodity for delivery in December traded lower by Rs 25, or 0.77%, to Rs 3,219 per quintal
 "Chana futures fall 0.83% on profit-booking")
Potato futures fall 1.16% on higher supply
Potato for delivery in April shed Rs 3.70, or 0.43%, to Rs 860.80 per quintal in 24 lots
 "Potato futures fall 1.16% on higher supply")
Mentha oil edges up on spot demand
Oil for delivery in December moved up by Rs 2.20, or 0.25%, to Rs 890 per kg in 87 lots
 "Mentha oil edges up on spot demand")
Cardamom futures gain 0.78% on rising demand, tight supply
The spice for delivery in January traded higher by Rs 5.50, or 0.73%
 "Cardamom futures gain 0.78% on rising demand, tight supply")
Silver futures down 0.36% on weak global cues
At the Multi Commodity Exchange, silver for delivery in December traded lower by Rs 170, or 0.36%
 "Silver futures down 0.36% on weak global cues")
Crude oil futures down 0.42% on weak Asian cues
At the Multi Commodity Exchange, crude oil for delivery in December fell by Rs 25
 "Crude oil futures down 0.42% on weak Asian cues")
Gold futures down on weak global cues
Participants off-loaded partial positions, taking weak cues from the global market
 "Gold futures down on weak global cues")
Lead futures down 0.5%
Speculators reduced their exposures amid a weak trend in the entire base metals overseas
 "Lead futures down 0.5%")
Nickel down by 0.3% on overseas cues
Speculators trimmed their positions, taking negative cues from overseas markets
 "Nickel down by 0.3% on overseas cues")