Page 832 - Commodity News

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

M&M to enter branded fruit business

Company entered into banana procurement, ripening, marketing in August this year on pilot basis

Dry fruit prices drop as Diwali demand tapers off

Consumers have shifted towards chocolates, low priced-sweets

Sugarcane crushing in Maharashtra unlikely to begin until after Diwali

Factories with positive net worth to get working capital

Cartels may be keeping domestic gold prices high

Exports being sold to third parties at a premiums also adding pressure on domestic market

Silver down 0.7% on profit-booking; global cues

In the international market, silver traded 0.50% lower at $22.38 an ounce in London

Gold down 1.7% on global cues, profit-booking

Metal for delivery in far-month February last year lost 1.3%

Rubber SMEs ask for tougher import duties on as imports double in 3 years

Low import duties on finished goods has rendered Indian manufacturing of rubber products by SMEs uncompetitive in several product ares

Crude palm oil up 0.3% on firm global cues

Oil for October delivery increased by 0.2%

Mentha oil down 0.4% on supply pressure

Oil for delivery in November declined by 0.3%

Cardamom down 1.2% on profit booking

Spice for delivery in December declined by 0.4%

Copper up 0.1% on spot demand

Metal for delivery in far-month February last year contracts edged up by 0.12%