Page 842 - Commodity News

Chana down 0.1% on higher supply

Commodity for delivery in October weakened by 0.07%

Nickel up 0.2% on spot demand

Market analysts said speculators enlarged their positions after pick up in demand from alloy-makers led to rise in nickel prices

Copper up 0.1% on spot demand, global cues

Metal for delivery in November edged higher by 0.08%

Silver up by 0.6% on firm global trend

Market analysts said speculators enlarged their positions, tracking a firm global trend, which pushed up silver prices

Crude oil up 0,7% on firm Asian cues

Oil for delivery in October gained 0.68%

Gold futures up 0.1% on global cues

Metal for delivery in December traded higher by 0.08%

Mentha oil up by 0.3% on spot demand

Oil for delivery in October edged up by 0.29%

Crude palm oil down 0.1% on profit-booking

Profit-booking by speculators, sluggish demand in the spot market kept pressure on crude palm oil prices

Cardamom up 0.2% on rising demand

Tight supplies in the physical market on restricted arrivals from producing regions fuelled the uptrend

Oil edges higher on upbeat Chinese growth data

However, concerns over the stop-gap deal to avert a disastrous US debt default capped gains

Guar output to surge this year

The crop estimate is for an output of 2.25 mt, as compared to 1.5 mt last year

Cotton yarn prices fall as demand slows

The prices have fallen mainly due to a fall in demand from fabric makers. A huge inventory pile-up has prompted buyers to go slow on fresh purchases

Sesa Goa inches towards resuming mining in Karnataka

Company recently secured a working permit for one year from MoEF for its mines in Chitradurga district

Seed shortage might spoil bumper crop party this rabi

Agriculture ministry urges states to form alliance with seed producers to meet future requirements

Gold moves up on technical buying

Appreciation in rupee, however, checked the spurt in India with gold witnessing a 1.19%

Paddy crop estimates may be revised downward

Cyclone Phailin, hailstorm in Punjab, Haryana expected to dent rice production

Silver futures recover by 1.6% on firm global cues

Silver for delivery in December traded higher by 1.38%

Gold reverses early weak trend, up 1.5%

Market analysts said speculators built up fresh positions on the back of a firm global trend which led to recovery move in gold prices

Govt cuts tariff value on imported gold, silver

India imported about 860 tonnes of gold in 2012. Govt has taken several steps to curb gold imports

Govt hikes wheat MSP by Rs 50 per quintal

Farmers are encouraged to cover more area under the crop in the ongoing rabi season