Page 854 - Commodity News

Copper falls by 0.9% on global cues

Subdued demand at domestic spot markets also affected prices

Vegetable price rises ahead of festive season

Probably last round of heavy rainfall for this season disrupts harvesting, to normalize in 10 days

I-T dept raids offices of 100 diamond traders

The raids were conducted across four major diamond trading hubs Mumbai, Kolkata, Jaipur and Surat

Rains damage Rs 700 cr worth of crops in Gujarat

Pulses, vegetables, cotton and groundnut crops damaged due to devastating rains

World food prices drop to lowest in 3 years

An index of 55 food items tracked by the FAO fell to 199.1 points from a revised 201.4 in August

Gold snaps two-day fall, recovers Rs 220 on strong global cues

Silver remains weak for the third straight session, sheds another Rs 50 to Rs 49,250 per kg

Castorseed down 2.5% on frantic selling

Castorseed prices for January contract slipped by 2.26%

Refined soya down 1.3% on sluggish demand

Oil for delivery in October declined by 0.57%

Chana up 1.2% on strong demand

The commodity for delivery in October gained 1%

Lead down 0.6% on subdued spot demand

Market analysts said speculators reduced their positions due to subdued demand in the spot market

Copper down 0.1% on subdued demand, global cues

Weak global trend, subdued demand in the spot market influenced copper prices

Gold rises by 1.6% in futures trade on firm global cues

Gold for delivery in December traded higher by 0.58%

Mentha oil down 0.5% on weak demand

Oil for delivery in November traded lower by 0.47%

Potato down 0.1% on increased supply

Potato for delivery in March traded lower by 0.13%

Crude palm oil down 0.9% on global cues

Analysts said speculators offloaded their positions in tandem with a weak global trend, that mainly kept pressure on crude palm oil prices

Cardamom up 1.2% on rising spot demand

Speculators enlarged their positions, driven by rising demand in the spot market against limited arrivals from producing regions, influenced cardamom prices

Cotton crop may hit record 40 mn bales

Observers say cotton prices may soften once arrival pick up in month of November

Led by north India, tea prices fall

Higher crop due to favourable weather pulls prices down; as of July, production in north India was 415 mn kg against 375 mn kg in 2012

Coffee exports drop 5% on sluggish global prices in 2012-13

Robusta variety accounted for 70% of coffee exports and rest was arabica

Oil prices dip as dealers weigh impact of US shutdown

Markets today will be watching out for the weekly report on US oil inventories