Page 828 - Commodity News
Turmeric declines 1.04% on profit-booking
The December spice shed Rs 24, or 0.50%, to Rs 4,740 per quintal in 13,230 lots
 "Turmeric declines 1.04% on profit-booking")
Jeera moves down on weak demand
The December delivery traded lower by Rs 32.50, or 0.25%, to Rs 12,735 per quintal
 "Jeera moves down on weak demand")
Potato slips 0.42% on increased supply, low demand
However, April potato held steady at Rs 852.90 per quintal in 5 lots
 "Potato slips 0.42% on increased supply, low demand")
Crude palm oil falls 0.72% on sluggish demand
Likewise, December oil shed Rs 4, or 0.70%, to Rs 567.50 per 10 kg in 59 lots
Chana down by 0.9% on fall in demand
Increased supplies from producing regions in the physical market also put pressure on chana prices
 "Chana down by 0.9% on fall in demand")
Nickel weakens by 0.1% on subdued demand
speculators reduced positions on subdued demand from alloy-makers in the spot market
 "Nickel weakens by 0.1% on subdued demand")
Mentha oil gains 0.3% on rising spot demand
Speculators enlarged positions amid a firming trend at spot market on the back of pick up in demand
 "Mentha oil gains 0.3% on rising spot demand")
Copper up by 0.2% on global cues
Pick-up in demand at the domestic spot market also supported the upside in prices
 "Copper up by 0.2% on global cues")
Tea output jumps in Sept
Output stood at 144.11 million kg in the same month last year
 "Tea output jumps in Sept")
Export floor price of onion raised
Move to ease high prices and boost supply
 "Export floor price of onion raised")
Is Guar Gum's dream run nearing its end?
Exports in Apr-Jul 2013-14 drop by almost 55% in value compared to same period last year
 "Is Guar Gum's dream run nearing its end?")
Gold edges lower for sixth session on Fed stimulus worries
Recent strong data on US factory output and jobless claims have brought back the possibility of a scaling down of stimulus
 "Gold edges lower for sixth session on Fed stimulus worries")
Brent climbs above $106 as steep slump prompts investors to buy
But prices could weaken amid expectations the US Fed will scale back its monetary stimulus.
 "Brent climbs above $106 as steep slump prompts investors to buy")
Pre-Diwali gold imports at lowest in a decade; dim Samvat for traders
Some, however, see the fall in prices as a good buying opportunity
 "Pre-Diwali gold imports at lowest in a decade; dim Samvat for traders")
Gold, silver trade up in Muhurat session
Gold just shy of Rs 30,000 per 10 grams in first hour of trading, Silver at Rs 48,763 per kg
 "Gold, silver trade up in Muhurat session")
Bengal floods: Paddy output may drop by more than 30% in state
Apart from standing crops, the entire paddy seed bed, prepared for the winter or Boro season, have been damaged
 "Bengal floods: Paddy output may drop by more than 30% in state")
Gold offers negative returns
Price declines 4.7% in Samvat year 2069 due to supply curbs, low consumer interest in buying
 "Gold offers negative returns")
Cotton output may be at historic high
The area under cotton this year, according to CAB, is 11.5 mn hectares, compared to 11.9 mn hectares last year
 "Cotton output may be at historic high")
Dhanteras sales of jewellery flat
With buyers preferring ornaments rather than investment products like coins and bars there's a decline in gold demand
 "Dhanteras sales of jewellery flat")
Sesa Sterlite: Zinc, Copper drive performance
With output across businesses set to rise further, expect the company to deliver better numbers going ahead
 "Sesa Sterlite: Zinc, Copper drive performance")