Page 839 - Commodity News

Rising prices put sesame seed exporters in a spot

Over 80-90% of sesame produced in India is exported. The major export markets are Japan, the US and South Korea, among others

Natural rubber prices plunge to Rs 160 a kg

Price dropped 10% in just three weeks time as market quoted Rs 177, on last week of last month

Cane payment fight erupts in Maharashtra

Growers threaten stir from Oct 30, including road blockades, while co-op sugar factories say state-set price is unaffordable

Second ethanol procurement tender records poor response

Sugar mills have responded meekly to the second ethanol procurement bid floated by the oil marketing companies

Rice production to be lower than estimated

UP promoting guar farming to increase agri income

Guar provides better returns to farmers compared to other cash crops, including paddy and wheat

Potato down 0.2% on increased supply

Adequate stocks position in the physical market following increased supplies from producing regions put pressure on potato

Chana up 0.3% on spot demand

Market analysts attributed the rise in chana prices to fresh positions built-up by speculators following rising demand in the spot market

Refined soya up 0.4% on good spot demand

Oil for delivery in November edged up by 0.34%

Sugar down 0.3% on ample supply

Commodity for delivery in December shed 0.1%

Silver down 0.5% on global cues

Market analysts said a weak trend in precious metals in the global markets and profit-booking by speculators, led to fall in silver prices

Gold down 0.1% on weak global cues, profit-booking

Metal for delivery in December shed 0.04%

Aluminium up 0.1% on global trends

Increased demand at domestic spot markets influenced prices

Cardamom down 0.4% on sluggish demand

Spice for delivery in December shed 0.32%

Mentha oil down 0.3% on weak demand, higher supply

Adequate stocks following increased arrivals from producing regions put pressure on mentha oil

Crude palm oil down 0.1% on low demand

Oil for delivery in November traded lower by 0.06%

Zinc up 0.2% in futures trade on overseas cues

Improved demand in the domestic spot market, firming trend in base metals overseas, supported the upside in zinc prices

Nickel up 0.2% on spot demand, overseas cues

Firming trend in the base metals pack at the London Metal Exchange supported the upside

Copper up 0.1% on global cues, spot demand

Increased demand from consuming industries, firming overseas trend influenced copper prices

Oil extends losses on weak US demand

Investors digested a steep increase in stockpiles following slow refinery activity