Page 831 - Commodity News

Oil prices ease in Asian trade

The US Federal Reserve kept its stimulus programme unchanged

No end in sight to slump in sugar prices

Mills' rush to prepare for crushing season by raising more working capital adds to the downward pressure

Gold premium falls amid weaker demand

Premiums had fallen to $60-70 per ounce in the morning on Wednesday

Indians turning to diamond, platinum over gold this Dhanteras

Rising gold prices have pushed an increasing number of Indians to opt for white gold, diamond or platinum jewellery

FMC may not let single entity hold 15%-plus in a comex

FMC norms allow anchor investors in commodity exchanges; under current norms, their holdings must be cut to 26% after five years of operations at an exchange

Brent crude surges above $109 on Libya supply cut

Soybean gains on supply worries, good demand

Tamil Nadu govt doubles its onion procurement

Govt to sell through state-run rates at subsidized rate

Tamil Nadu govt do double onion procurement

To sell through State run rates at subsidized rate

Potato futures up 2.58% on strong demand

Speculators enlarged their positions on a firming spot market trend amid restricted supplies

Crude palm oil extends gains on firm overseas cues

Traders and speculators indulged in expanding positions on strong demand in the spot market

Mentha oil up 0.3% on spot demand

Traders created fresh positions, driven by pick-up in demand from consuming industries in spot markets

Cardamom surges on spot demand

Tight arrivals from producing regions also supported the uptrend in cardamom futures

Govt hikes tariff value on imported gold

Short supply of the precious metal in the domestic market during festival season led to the hike

Silver futures up 0.1% on global cues

Rising trend in precious metals overseas influenced prices

Gold futures up 0.2% on global cues

Besides, covering-up of short positions by speculators also supported the upside

Aluminium up 0.7% on global trends

Increased demand at domestic spot markets also influenced prices

Lead up by 0.4% on strong spot demand

A firm trend in select base metals at the London Metal Exchange also influenced lead prices

Copper rise on global cues, spot demand

Increased demand from consuming industries influenced copper prices

Crude oil down 0.35% on Asian cues

Speculators reduced exposures amid a subdued trend in Asian trade on expectations of a further rise in US inventories